Page 2 of 2 FirstFirst 12
Results 11 to 17 of 17

Thread: Mel Bought 2 million shares at 1.37

  1. #11
    bananaz is offline
    Enthusiast
    bananaz's Avatar
    Joined: Jan 2009 Posts: 220
    Didn't this happen last year when SIRI was in it's post-merger plummet and $1.37 was the current market price? If so, then I am sure he'd like to have his money back. I would guess that it was an effort by Mel to shore up confidence in the stock and the company but, in retrospect, it was kind of like the $700 Billion that the Bush admin threw into the economy. Just a spit in the ocean.....

    BTW SXMinvestor: Don't worry, A lot of us know the difference.

  2. #12
    Sworntwofun is offline
    Addict
    Sworntwofun's Avatar
    Joined: Dec 2008 Posts: 588
    KARMAZIN, Insider of SIRI - Past Performance as of 02/04/09. Total 5 Records. Link to Thomson Financial

    Buy(P) /
    Sell(S) P/S date Filed Date Company Symbol Insider Relationship Share Amt. Unit Price Total Proceeds Shares Owned Return(1m) Details
    P 2008-08-04 2008-08-04 16:55:01 SIRIUS SATELLITE RADIO INC SIRI KARMAZIN MEL CEO 2,000,000 $1.37 $2,746,400.00 8,500,000 -8.24% view
    P 2006-05-30 2006-05-30 10:19:48 SIRIUS SATELLITE RADIO INC SIRI KARMAZIN MEL CEO 1,000,000 $4.47 $4,468,000.00 6,500,000 6.31% view
    P 2006-01-12 2006-01-12 11:04:36 SIRIUS SATELLITE RADIO INC SIRI KARMAZIN MEL CEO 1,000,000 $6.21 $6,208,500.00 5,500,000 -7.55% view
    P 2004-11-19 2004-11-22 13:07:24 SIRIUS SATELLITE RADIO INC SIRI KARMAZIN MEL CEO 1,500,000 $5.36 $8,038,350.00 4,500,000 43.31% view
    S 2004-05-10 2004-05-10 17:40:40 WESTWOOD ONE INC /DE/ WON KARMAZIN MEL director 700,000 $27.18 $1.9026E7 52,200 4.67% view

    That was the last and cheapest purchase april, 08 2008...Here are the rest maybe you can figure out his adv...

  3. #13
    nisvan is offline
    I saw Jesus there too! (at venice beach).

  4. #14
    bananaz is offline
    Enthusiast
    bananaz's Avatar
    Joined: Jan 2009 Posts: 220
    Mel's average cost for his 5,500,000 shares seems to be $3.90/share for a total of $21,460,000.00. Now worth $770,000.00.

    Jeez! His average is worse than mine! Still, I'd feel better if he was buying now. I hope he is.

  5. #15
    Newman is offline
    Mentor
    Newman's Avatar
    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162
    The insiders are in a very bad position right now because they are limited on buys for certain time frames before and after announcments.

    You have to consider that the quarter just ended and they are in talks for refinancing. What do you think it would look like if Mel came out and bought 10 million shares today, and next week they announced surprise earnings AND refi, and the stock trippled? Do you think someone would be crying insider trading? I can almost guarentee Hartlieb would.

    And what if Mel is actually going to be picking up a chunk of that debt? That would make banks -and Hartlieb- scream even louder.

  6. #16
    sxminvestor is offline
    Quote Originally Posted by nisvan View Post
    I saw Jesus there too! (at venice beach).
    I think I saw him in Santa Monica

  7. #17
    Sworntwofun is offline
    Addict
    Sworntwofun's Avatar
    Joined: Dec 2008 Posts: 588
    Here some positive reading...

    Is Now the Time to Buy Sirius XM Stock?
    February 4, 2009 (5:50 pm) Brandon Matthews

  8. Ad Fairy Senior Member
Page 2 of 2 FirstFirst 12

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •