Director Sandra Mohr brings "Stock Shock" to Los Angeles Film Festival
Director Sandra Mohr says that nearly one year ago, she decided to find out why the stock market was tanking so quickly. "Like most Americans, I wanted answers. How could banks and good companies be suddenly trading for pennies?" The director admits she had no idea she would be exposed to the corrupt underworld of hedge funds, criminal market managers, and greedy legislators in the process.
She's not the only director attracted by the drama of Wall Street in 2009. Michael Moore, Oliver Stone and Ridley Scott also made films about stock market manipulation and Wall Street schemes. But Sandra Mohr's “Stock Shock” was first out of the gate. The film will be featured at the "Los Angeles Women's International Film Festival" on March 28 at the Laemmles Sunset 5 Theaters in Hollywood, California.
The movie exposes a technique known as naked short selling, which has resulted in the collapse of the stock value of some of America’s most promising public companies. Sirius XM, often labeled as one of the most manipulated stocks in the market, is dissected in the movie. "Stock Shock" interviews individual investors who saw their stock price hit a high of $9.00/share and then plummet to a horrifying low of 5 cents in 2009.
Investors and fans of the movie claim "Stock Shock" has spurred a grassroots movement helping convince the SEC to address the issue of abusive naked short-selling. Since the movie's release, Sirius XM stock has seen an increase of over 1000 percent.
The reviews have been impressive.
"Shocking and eye-opening!"
"Stock Shock deserves an Academy Award," says radio host Jim Puplava of the Financial Sense Newshour.
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Industry expert and shareholder activist Bud Burrell remarks: "I will give it 10 stars of 10. It is the best doc of this length I have ever seen. I think this will go into the defining literature of this space."
"Stock Shock" is available on DVD at www.stockshockmovie.com and most online merchants.
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