Sirius XM Goes to Hollywood

Several weeks ago, I wrote that Sirius XM (SIRI) had avoided bankruptcy “in a turn of events worthy of a Hollywood movie script.” I had no idea at the time that my words would be taken so literally, yet as some have rightly observed I mentioned again that Hollywood had now taken notice of the incredible saga that is Sirius XM Radio.

I was contacted several days ago by Sandra Mohr of Mohr Productions in regards to my willingness to be interviewed for a full length (72 minute) documentary which focuses on Sirius XM radio. Sandra’s intent is to showcase the merger, the manipulation, the media bias and the story of Sirius XM’s rise from the ashes. Sandra has expressed to me a desire to have this movie available in 12 weeks' time. Already, several offers have come in to help finance the film, and the film's budget has already been reached on word-of-mouth alone!

The film itself is very fluid at this stage. I did agree to be interviewed for the movie and as Sandra and I began discussions, I was asked if I would be interested in being a consultant for the movie. I agreed in principal because I feel I can be of help with certain aspects of the movie, such as the interviews that will be held in NYC. For starters, I have sent an invitation to Mel Karmazin. As the company spokesman, I feel it is his right to be featured in the film and Sandra concurs; No one knows the storyline better. I also hope to contact certain Wall Street analysts who have on many occasions expressed their frustration over the street's unwillingness to value Sirius XM fairly. Tony Wible comes to mind as an example. We are tentatively scheduled to begin shooting in the New York City area from March 18 -23.

This documentary will not reveal names of market manipulators and money managers. It will explain the overall process of exploiting the common shareholder, put a face on the victims and motivate the viewer to do his own part to get involved and demand accountability.

To protect identities, some scenes will be filmed as “shadows” with blacked out appearances and voices concealed. From shareholder to analyst, to market maker, if anyone is interested in being considered for a part in this movie, please drop me an e-mail at [e-mail].

Position: Long Siri

Comments

[BChargers:]

"and the story of Sirius XM’s rise from the ashes."
Sirius DIDN'T rise from the ashes.
From $9.00 + to $0.16 isn't the Phoenix

Also,
How much would I be paid?

Mar 12 09:05 AM

[fpcat1:]

yes! go brandon! this documentary will expose the oorruption in the stock market and the ineptness and indifference by government regulators. hopefully, this documentary will stop market manipulation and influence the government regulators to act and do their jobs fairly, timely and with efficency.

Mar 12 09:22 AM

[sirius sucker:]

I am a Sirius victim who purchased the stock around mid-2007 at over $4.50 a share (more like $4.89), when the stock was being touted a great buy at that price on speculation of a merger with XM. I had initially bought 1000 shares and soon watched the stock decline steadily while analysts continued to market the stock on the much anticipated merger with XM. So, I held on to the stock, hoping to sell it if it ever got back to my purchase price. In order to lower my cost basis and be able to recover my investment sooner, I purchased another 2000 shares when the stock dropped to around $2.50 a share, believing all that I read about the potential value of the stock once the merger would be approved. However, the stock kept declining and I continued to buy in order to reduce my cost basis and believing that the stock would eventually turn around and I could recover my investment sooner. When the much awaited merger was finally approved, the stock only declined further and eventually became a penny stock. Today I have accumulated 10,066 shares of Sirius and brought my per share cost down to $1.37 a share. As a reslut, I have a Sirius loss of $12,248.57 to date.

If Brandon wishes to contact me, I may be reached at [e-mail]...

Mar 12 09:31 AM

[nakedjaybird:]

I want to know who is going to do "WALL STREET II"!!!! That should be even more blistering!!!! Who's going to play the players??? Start with unemployed wall streeters, pensioned Gov't regulators, and unavailable overpaid execs, if they are not all behind bars.

Mar 12 09:43 AM

[ScroogeMcduck:]

THE REAL CRIMINALS HERE ARE NOT ON WALL STREET. THE REAL CRIMINALS REASPONSIBLE FOR THE DIMISE OF SIRIUS IS THE FCC THEY MUST BURN!!!!!!!!!!!

Mar 12 10:00 AM

[js643dp:]

"This documentary will not reveal names of market manipulators and money managers"

That statment alone makes this a waste of time. IF TRUE the MANIPULATION should be fully exposed.

Mar 12 10:25 AM

[js643dp:]

"This documentary will not reveal names of market manipulators and money managers"

That statement alone makes this a waste of time. IF TRUE the MANIPULATION should be fully exposed

Mar 12 10:26 AM

[Patrick09:]

First stock our family bought when we started investing last fall, learned a lesson with this one, stuck our toe in the waters of Wallstreet and darn near lost a foot...avg down @ 0.22 and waiting...can say we love the radios as much as we hate the stock ...

Mar 12 11:22 AM

[User 375144:]

The Phoenix has to die before it can be reborn and rise from the ashes. So in essence it is actually (hopefully) like the fabled Phoenix.


On Mar 12 09:05 AM BChargers wrote:

> "and the story of Sirius XM’s rise from the ashes."
> Sirius DIDN'T rise from the ashes.
> From $9.00 + to $0.16 isn't the Phoenix
>
> Also,
> How much would I be paid?

Mar 12 11:55 AM

[Mr. C:]

wouldn't making a film of this sort put siri under the hammer again from the FCC the are.I'm thinking they don't want to be exposed to all the wrong doing they did.

Mar 12 01:46 PM

[MLSiri:]

Thanks for the update, Brandon. Sounds like Moviemakr and the former Seeking Alpha/current Sirius Buzz clan will have some first-hand contributions to make in this must-see expose. Mel’s input will be interesting - if he agrees to participate. Good luck, and can’t wait to see the product.

Can you divulge the network that will air this effort?

Mar 12 01:59 PM

[MLSiri:]

PS - Moviemakr is Sandra Mohr.

Mar 12 02:00 PM

[relmar2003:]

You can sell any documentary you want to the discovery channel, etc....
Once its made, they will try to "release it" to any takes. Then you go sell it. Other than that with the internet, etc.. there are hundreds of ways of distributing it.

Mar 12 04:04 PM

[GetSIRI:]

Relmar - where the hell has everyone been????

Mar 12 04:48 PM

[hernje:]

Take solace in the fact you're not alone; many people are in the same boat.


On Mar 12 09:31 AM sirius sucker wrote:

> I am a Sirius victim who purchased the stock around mid-2007 at over
> $4.50 a share (more like $4.89), when the stock was being touted
> a great buy at that price on speculation of a merger with XM. I had
> initially bought 1000 shares and soon watched the stock decline steadily
> while analysts continued to market the stock on the much anticipated
> merger with XM. So, I held on to the stock, hoping to sell it if
> it ever got back to my purchase price. In order to lower my cost
> basis and be able to recover my investment sooner, I purchased another
> 2000 shares when the stock dropped to around $2.50 a share, believing
> all that I read about the potential value of the stock once the merger
> would be approved. However, the stock kept declining and I continued
> to buy in order to reduce my cost basis and believing that the stock
> would eventually turn around and I could recover my investment sooner.
> When the much awaited merger was finally approved, the stock only
> declined further and eventually became a penny stock. Today I have
> accumulated 10,066 shares of Sirius and brought my per share cost
> down to $1.37 a share. As a reslut, I have a Sirius loss of $12,248.57
> to date.
>
> If Brandon wishes to contact me, I may be reached at [e-mail]...

Mar 12 05:50 PM

[matty3000:]

I don't understand what's so shocking about siri pps. They avoided bk by the skin of (our) collective teeth. The stock is heavily diluted and the company is still waiting for positive cash flow. I personally believe that the current value is absolutely legit. Just hang on until the iphone app is released and takes hold then we are gonna get whats coming to us. Jmho...

Long siri

Mar 12 09:54 PM

[Hartleib:]

Mel Just Gave Away Nearly Half Of Our Company For Free!



Way to go Mel you cut a great deal! “Not”
Let’s see we owe just as much at a greatly higher interest rate and we lost nearly half of our company. And if that was not bad enough we threw in 13 million dollars and at least two and up to six board seats for good measure.


All shareholders need to wake up and force Mr. Karmazin and this management team out and fast. This is the first half of our company being stolen from us the second half will be gone soon after the reverse split.


Hey! I have a great idea why dont we help Mel refinance his 15 million dollar Penthouse in Trump Tower?


The deal would go something like this…. Mr. Karmazin, I here you are looking for a loan? Boy do we have a “great deal for you”, we will loan you 15 million dollars at 15% you pay us 1.5 million dollars in fees and the best part of this loan, other than the fees and the outrageous interest rate is that when we complete the loan, you Mr. Karmazin will only own 60% of what you owned before this loan.


Such a deal we owe just as much, actually a lot more when you figure in the interest and the fees. Mr. Karmazin the “self dealing” CEO and his Board of co-conspirators’ keep their jobs and Mr. Malone with Mel’s help robs the bank (i.e. the shareholders.)


Wait as I forgot several very important details. You see Mr. Karmazin’s Penthouse was worth 150 million before he and his accomplices’ trashed it and wrote down the true value in “good will” charges. I guess they call it good will for a reason: good for (Mel, Malone and Leon) as we just made a loan on an asset that was trashed and nearly destroyed, written down 90% and now we get 40% ownership at ten cents on the dollar for lending money.


As if this is not brilliant enough I just realized we can get a tax credit for the 90% of value that was trashed and written down by Mel and his buddies.


Wait I need to stop for a moment so that I can pinch myself as this deal is just too good to be true. Ok you get the point. So is anyone interested in helping Mel out with his

Refinancing needs? Mel, Leon and Mr. Malone must be a lot closer than people realize?

If anyone thinks this was all a matter of circumstance I have a Bridge for sale in Brooklyn. PLEASE!

Mar 13 11:26 PM

[Hartleib:]

THE WIZARD starring Jeff Bridges as Mel Karmazin

It seems as though some people or should we say cheerleaders on other Sites think that Mel is some kind of “Hero” for giving away forty percent of our company to “Save Sirius” from bankruptcy.


They refer to Mel as a wizard a genius and praise him relentlessly. According to them Mel is worthy of some kind of award.


I actually agree that Mel should receive an award and I will be contacting Guinness to find out what the requirements are to nominate Mel as the “Worlds Worst CEO” for facilitating the fastest diminution in shareholder value in history. After all it was just a matter of months after the merger was consummated that Mel was able to make 98% of our companies’ value disappear. I guess one could argue that he is a Wizard of sorts or a Magician as I don’t think David Copperfield or David Blaine could make thirteen billion dollars disappear as fast.


I would suggest a reality check for the folks singing Mel’s praises as it was Mel that put us on the brink of bankruptcy. No one held a gun to Mel’s head when he said he would love to take Sirius private, no one held a gun to Mel’s head to force him to accept the toxic financing, no one held a gun to Mel’s head and prevented him from marketing interoperable radios thereby putting Xm out of business and making the merger moot and last but not least no one held a gun to Mel’s head to force him to give away 40% of our company for free because he was “ unaware of 600 million dollars of Xm’s debt. ( Well maybe Leon or Malone but I digress.)


The most amazing part of this story, some say movie material is that Mr. Mel Karmazin still has his job now that is magic. Maybe that is what the movie on Sirius Xm should be called THE WIZARD starring Jeff Bridges as Mel Karmazin.


I hope for all shareholders as well as myself that this company prospers and can avoid bankruptcy, but the facts are Mr. Karmazin just gave away 40% of our company to refinance not pay off about a third of our debt that leaves two thirds, with us owning only 60% of our company, you do the math. I pray to God we have a significantly higher share price or we can kiss what little of our original investments we have goodbye.


I would suggest the cheerleaders remove the stars from their eyes and put down the funny cigarettes and face the facts that Mel and this Board have failed miserably. If and that is a big if. In fact that is an “Apple if” this stock does go up to say .30 cents or even a dollar some who bought at these low levels will be rewarded but those that were in at much higher levels like myself will never be made whole. At least not without forthcoming litigation that is.

Mar 13 11:28 PM

[Disappointe...:]

The NAB did this using The FCC as the Tool.

Mar 14 09:24 PM