Sirius XM CEO Mel Karmazin to Discuss Q3 Earnings Just as Movie About the Company Gets Distribution

Nov. 4, 2009 - PRLog -- "Stock Shock," a movie about Sirius XM and the manipulation of the American stock market, was produced in only 3 months by the independent production company. "We wanted to get the story about corruption on Wall Street out to the public as soon as possible," says director Sandra Mohr. "Investors were losing their shirts and we believed the movie would help to educate and protect them." It seems to have worked. Soon after the movie spotlighted the ravaged shares of Sirius XM, the company stock rose nearly 1000 percent, and the Securities Exchange Commission appears to have finally taken an interest in naked short selling. "Many believe naked short selling was the primary reason shares of Sirius XM tanked last March," says Mohr.

"Stock Shock" is made in the tradition of Michael Moore's "Capitalism: A Love Story" and focuses on the average Joe investors of the satellite radio company. After CEO Mel Karmazin managed to merge Sirius Radio and XM in 2008, the stock was poised to go above its high of 9 dollars per share. Thats when the stock was allegedly attacked by aggressive hedge funds that drove the equity down to a horrifying .05 cents per share in early 2009. The movie lays out a case blaming naked short selling and poor SEC regulation for the stock's demise.

Mel Karmazin will appear on CNBC to discuss Sirius XM's Q3 earnings for 2009. Having come back from the brink of bankruptcy in February 2009, investo he must have good news. Now that the independent documentary "Stock Shock" has found a distributor, the sky may be the limit for this satellite company and its loyal, newly famous shareholders.

"Stock Shock" was released this summer and is available at Amazon or www.stockshockmovie.com

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Mohr Productions, Inc. produces television and film projects for Broadcast TV, Internet, and Theater distribution. An award winning company, clients include: MTV, United Paramount, Universal, Nickelodeon, HBO, and SyFy Channel.