I think he wants his $ back
Printable View
I think he wants his $ back
Nothing personal but arn't you the Hartleib thumper??? :confused:
Similar name, but not me.
Thanks, sorry for the confusion!!!
alot of guys named siriusxminvestor, hard to know who is who.
i posted it in the intraday yestrerday ill see if i can find it again.
What is vague ? That Mel wants his $ back or that he bought 2 million shares at 1.37 ? It is common knowledge that he bought at that price post merger approval & I can't imagine he doesn't want to get back above this price. His own $ gone in less than 2 months along with all of ours. He also bought 1.5 million shares when he was hired at about 5.35 & then another 2 million at about $4 - all open market. He's in with close to 19 million $'s of his own $.
sxminvestor i understand what your saying and you are absolutely right, i think you are running into problems because there are quite a few bashers and miscreants with your name who rub people the wrong way lol
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.
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...
I saw Jesus there too! (at venice beach).
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.
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.
Here some positive reading...
Is Now the Time to Buy Sirius XM Stock?
February 4, 2009 (5:50 pm) Brandon Matthews