A powerful and riveting movie documentary will be launched to DVD on the stock manipulation of Sirius XM Radio (NASDAQ:SIRI) on June 10, 2009. The Stock Shock movie interviews industry experts, journalists, stockholders, market managers, business professionals, and many more, telling the story of the stock manipulation and the individuals affected. Some that were interviewed for the documentary include Tyler Savery and Brandon Matthews of Sirius Buzz, Martin Rothblatt, Relmor, Michael Hartleib, and other shareholders of Sirius XM Radio.
The documentary will discuss the story of a stock that was manipulated down to .5 cents a share. When Sirius and XM Radio announced the merger of the two satellite radio giants in February of 2007 the press release read a "$13 Billion Merger of Equals". When Sirius XM Radio recently traded at .5 cents a share the company had an approximate market cap of 500 million dollars. 500 million dollars is a far cry from $13 billion dollars merger announcement in February of 2007. Today the company trades at a market cap of 1.9 billion dollars. The current company market cap is still far away from 13 billion dollars. A lot has happened since but the question we have to ask ourselves is will Sirius XM Radio become the 13 billion dollar company that was announced on February 19, 2007? We believe the answer to be optimistic.
Watch the trailer for the Stock Shock Movie here.
Our favorite part of the movie trailer is from Brandon Matthews. In the movie Brandon says, "Who was shorting the stock, who was accumulating the bonds, the record is clear!"
You can visit the Stock Shock website to pre-order a copy of the DVD
Disclosure: Author holds a long position in SIRI