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Guys, you really need to relax. I cannot find the information right this second, but I believe this is what is called a "paperless trade".
When restricted shares vest, the holder is responsible for the taxes at this time. Let us say that the stock grants were worth $100,000. Upon vesting, they have to pay income tax on what the stock is worth. Most of these people are probably in a pretty high tax bracket. We will use 40%. That means they are liable for $40,000 in taxes.
What happens is that they sell enough of the shares to cover the taxes and trading fees and keep the rest. That means that while they sold 40% of their grants, they are still keeping 60%. It is a very common practice and you will see executives in every single company doing this all the time. It does not mean that they have no confidence in the company. It is simply a prudent financial decision.
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I heard Art Cashen of UBS on CNBC today suggesting Pres. Obama to suspend the mark to market rules for 6 mos to see how it affects the market. He stated it will not cost the tax payer any money. If it don't help we will know by then.
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Quote:
Originally Posted by
SiriusHope
I heard Art Cashen of UBS on CNBC today suggesting Pres. Obama to suspend the mark to market rules for 6 mos to see how it affects the market. He stated it will not cost the tax payer any money. If it don't help we will know by then.
Let me give you some info on Mr. Cashen. He is one of the biggest if not the biggest market manipulator.
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SiriusXMInvestor;
Let me give you some info on Mr. Cashen. He is one of the biggest if not the biggest market manipulator.
Thanks for your info...how would it help his manipulation if that was suspended?
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Good little article
http://www.politicallore.com/writers...about-them/536
Sirius Up Again; Trend Should Continue. Ford and GM… What About Them?
Post Date: February 24th, 2009
Submitted By: Alexander Nobles
Filed Under: Alexander Nobles • Economy • Featured
Sirius XM Radio (NASDAQ : SIRI ) is up again today. The significantly undervalued stock has been climbing steadily this week. The only reason the stock has not completely taken off is that most investors are waiting for SIRI fourth quarter earnings. The fourth quarter will be the first real quarter where any synergies will be realized from the merger between the two satellite radio companies.
The stock has struggled since the merger to ever pick up ground, mainly due to the stock being highly devalued by so many additional shares being issued. SIRI is also being held down by the automotive companies who seem to be in a never ending lingo. Do not forget that Sirius is in every major automobile manufacturer except for BMW.
There was good news this week as Ford ( F ) negotiated with the union to cut better health care deals. Ford is the one American auto company that may just ovoid bankruptcy without severe government help. Both General Motors ( GM )and Ford are up today, trying to convince investors they will make it.
GM only really has a few things going for it. The new Camaro is debuting soon, which should increase sales. The only problem is the V6 Camaro is turning to be the truly hot ticket… not the more expensive v8. The V6 Camaro has as much horsepower as the V8 1998 Camaro. No company likes a car that sells most of it’s units at the base price.
Chrysler?… Do not buy Chrysler… ever.
These are bargain stocks. Do all of these stocks deserve the bargain price?
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The 24/7 Wall St.–Channel Checkers Survey: Sirius (SIRI) Retail Sales Trend Down
http://247wallst.com/2009/02/24/the-...es-trend-down/
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This may or may not have been posted before. xitvp - this is another article by Alexander Nobles.
Sirius XM Radio and GM Worth the Risk?
http://www.politicallore.com/uncateg...h-the-risk/504
Here are two companies that are undeniably linked, and that are undeniably sinking… Sirius XM (SIRI) and General Motors (GM). These are both companies, that if they make it through this recession, will make plenty of people lots of money… if they take the risk and buy in now. Stocks like this are also extremely volatile… meaning if you pay attention you can cash in with a matter of days or weeks if good news is released. Sirius XM and General Motors are both trading very close to their respective 52 week lows. A jump of 30% or more in a day… is not uncommon.
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Whispers now saying march 5 for 4q
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They are playing that song - "The Back Stabbers" on the 70's channel right now.....
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Now they are playing that song "Smiling faces sometimes don't tell the truth.....and I got proof".....................lol
