By Brandon Matthews
Is Jim Cramer above the law? That is the question we sought to answer last week in an exclusive Satwaves Radio interview with Overstock.com CEO, Patrick Byrne. (OSTK) Mr. Byrne called in to Satwaves Radio to discuss recent regulatory changes in Washington and his in-depth work with Deep Capture, in which he has exposed many Wall Street scams.
Patrick had penned an intriguing analysis of Jim Cramer titled: Jim Cramer’s self written confessions of stock manipulation. Patrick noted that Cramer has confessed in his book to using, among other things, the news media to front run securities to the benefit of himself and his hedge fund pals, as well as participating in other illegal market activities. This is the same Jim Cramer which CNBC allows to recommend stocks to a national audience of gullible retail investors, three times daily.
Just about two weeks ago, TheStreet.com (TSCM) put out a reported eleven articles relating to Sirius XM Radio(SIRI) in a single morning of trading. This was followed by a video piece, in which it was acknowledged at the very start by Cramer and his interviewer that it was in fact a “concerted effort” on the part of TheStreet.com. The video attempted to backtrack a bit in stating that all of the individual writers had no connection and did not know what the others would say. If ever a slam dunk case of attempted media collusion existed, with the intent of causing a drop in a stock’s price, this is it.
Mirriam Webster defines a “concerted effort” as:
- 1 a : mutually contrived or agreed on <a concerted effort> b : performed in unison <concerted artillery fire>
- 2 : arranged in parts for several voices or instruments
The Securities and Exchange Commission can certainly gain access to the memo that announced this “concerted effort.” Further, it can subpoena the emails and phone records of those involved. With so many suspects available, at least one is sure to “roll over” on the others to save his or herself from criminal prosecution.
Following the video confession, Mr. Cramer goes on to explain that investors should avoid Sirius XM Radio common stock as he did several months ago prior to the stock rising over 500%. At that time, Mr. Cramer recommended buying specific Sirius XM bonds. Satwaves subsequently discovered that the primary holder of those specific bonds, was none other than his former employer, Goldman Sachs. In like manner, Mr. Cramer again suggested that retail investors should be looking at a specific bond issue, which as it turns out has been massively acquired last quarter by…you guessed it…Goldman Sachs!
Just months ago, these same bonds were trading substantially below par; at around 58 basis points. It was during this time that Goldman Sachs accumulated $10,250,000 of the bonds for about $6 million. These bonds are now trading at approximately 88 basis points. It seems as though Goldman Sachs has again struck gold! In fact, this suggests that Goldman Sachs believes in the long term viability of Sirius XM Radio, which can be confirmed by their recent report, filed with the SEC last week, that reveals the firm holds nearly 1.5 million shares of SIRI and 300,000 call options. With no calls below a dollar on the market, it seems Goldman Sachs believes there is substantial upside to SIRI shares. It would appear that Goldman Sachs disagrees completely with Jim Cramer’s opinion of Sirius XM Radio.
Unfortunately, bond markets are not quite as liquid as stock markets. 230 million of these convertibles remain on the market today. Cramer made no mention of buying these bonds when they were trading at 58 basis points. Instead he has waited until hedge funds and other institutions bought at the depressed price and is now recommending retail schmucks buy them in the open market from these institutions at much higher, near par prices.
It’s no secret that Goldman Sachs is above the law. Let’s face it, they are the law. Perhaps Jim Cramer feels that his past affiliation with Goldman Sachs will protect him. Perhaps he knows too much and feels assured of his protection. One can only hope that this most recent confession by Mr. Cramer, will be enough for the SEC to bring an end to his own patented brand of domestic terrorism. Mysteriously, just days after this as yet undefined “concerted effort” was made, shares of Sirius XM stalled following a rise from .58 to .68 per share, only to begin a six day decline after the fact. Coincidence? I don’t think so.
Perhaps Mr. Cramer should make a “concerted effort” to run his own company, TheStreet.com, which has failed to file its second quarter 2009 and now third quarter 2009 reports with the Securities and Exchange Commission and faces its own delisting problems as an accounting investigation of the company continues and as its executives are leaving the company in droves. But then again, he is Jim Cramer, and SEC regulations are apparently of no consequence to him.
The entire interview with Patrick Byrne can be heard by clicking here.
Position: Long SIRI
Rick Aristottle Munariz of the Motley Fools is paid to mislead investors about Sirius XM Radio. He is part of a news media collusion lead by CNBC and their own Jim Cramer. Jim Cramer’s street.com web site is also hip deep into the collusion. Jim Cramer and his writers, especially Scott Moritz are all part of the scandal and it leads upward to CNBC/GE executives and Goldman Sachs. Thank god their is now an investigation taking place with Goldman Sachs. Goldman Sachs was investigated and 10 firms, including Goldman Sachs were fined $1.4 Billion dollars in 2003. Now the full blown investigation by Boston’s Chief Financial Regulator William Galvin will reveal the corruption of Goldman Sachs again and I can only hope that William Galvin will follow the money trail and check the bank accounts of Rick Aristottle Munariz of the Motley Fools along with Scott Moritz of the Street.com Just check these 2 writers banking accounts and the investigation will reveal that they are being paid off to write mis-leading stories about Sirius XM Radio. The money trail from these 2 writers will lead to >>> Motley Fools >>> Street.com >>> Jim Cramer >>> CNBC >>> GE / CNBC executives >>> NAB >>> Goldman Sachs.
It has all been a news media collusion along with the combination of Wall Street corruption by Goldman Sachs to destroy Sirius XM Radio inc. by naked short selling, flash trading, superfast computers, using secret software to manipulate the Sirius XM Stock price in decimal places the past few years since the Siri /XM merger was announce in Jan 2007. It was a pact agreed to by the news media and Goldman Sachs, which is why CNBC keeps reporting positive story after positive story about Goldman Sachs. All are into this collusion knee deep and this is why they will not report Goldman Sachs and their biggest scandal in the history of Wall Street.
Goldman Sachs got greedy. The scandal with Sirius XM Radio, worked so well with their secret software that was making them millions of dollars a day. Well, their Greed expanded into not just naked shorting & decimal place trading Sirius XM radio, but Goldman Sachs, next said , heck this secret software works so well, along with CNBC’s cover up lets do it to our competition the banking industry. Goldman Sachs next used these tactics on the banking industry in 2008 – 2009. They have been protected by CNBC by paying CNBC millions of dollars a month in advertising or shall we say paid protection.
Goldman Sachs greed almost ruined this country when they began using naked shorting and their secret software to attack the banks. It was their Greed of making millions using this software attacking Sirius XM Radio and when they expanded their scandal to the banking industry, they were now making over $100 million dollars a day. This is a fact, as Goldman Sachs made over $100 million dollars a day in 46 of 64 trading days last Quarter 2009 ( April , May, June 2009 ).
CNBC is part of the scandal, taking in million a months from Goldman Sachs for their silence. Why wouldn’t Goldman Sachs pay CNBC millions of month, that was nothing to them, since they are making over $100 million dollars a day. They helped CNBC try to ruin the competition ( Siri ) and now CNBC will help them ruin the other Banks. A true partnership by Goldman Sachs & CNBC.
The scandal lives on today, but thankfully the investigation by William Galvin will be expanded into the news media collusion of CNBC, Motley Fools & Street.com along with many other news media types.
Their Greed and goals have cost the average investors of the World hundreds of billions of dollars the past few years. In the end the truth is going to come out, but how does the people of the World hear the truth when the news media is part of the Scandal.
Well, a few years ago, CNBC & Goldman Sachs would have gotten away with it, but thank you http://www.Satwaves.com , http://www.twitter.com/stockshockmovie and the many social media outlets and bloggers out there. Thank you for helping bring the truth to the World. Each day we get closer and closer to the biggest scandal in the history of the United States. ( Written by Richard Keane – August 30th, 2009 )
Secret Software & Naked Short Selling
We need NSS arrests – not Insider Trading arrests
It is November 5th, 2009 at high noon and the SEC is all over the news about another arrest. They are all on stage giving this big press conference on 14 arrests for Insider Trading connected to the Galleon Group investigation. Is it Insider Trading? The Government wanted the world to believe this caused the financial meltdown on Wall Street. Three weeks earlier the SEC made the first arrest for Insider Trading involving Raj Rajaratnam and 5 other people on Wall Street.
It is my opinion that the Government and the SEC is involved in a cover up to try and make people think that it was insider trading that caused the crisis of 2008. Let the truth be known. The news media, along with Goldman Sachs and many other Wall Street companies and people of power are all involved in the biggest cover up in the history of the United States. It involves greed to the fullest extend. The SEC is responsible, under the leadership of Christopher Cox in July 2007, the Securities Exchange Commission abolished the Up Tick rule. The elimination of the Up Tick rule created a wave of corruption that grew out of control, based on Naked Short Selling and the use of secret software and super fast computers.
Insider trading has played a role in the financial crisis, yet the story not being told by the news media is the arrest of a Goldman Sachs employee who tried to steal Goldman Sachs secret software. This arrest came over the July 4th Holiday week-end and was aired briefly on a Saturday night on TV and then came Monday July 6th, 2009 and the story disapeared. A few weeks later Goldman Sachs reported its FY 2009 2nd QT earnings ( April – May -June ) and Goldman Sachs made over $100 million dollars a day in 46 of the 64 trading days for that quarter. How could this be possible after a 17 month recession. Wall Street changed two major Laws. The first being the use of decimal places (2001 )instead of fraction. Years later and after they lobbied for the removal of the Up Tick rule ( 2007 ) the secret software was designed and in place ready to go into full operation now that Wall Street was allowed to naked short sell millions upon millions of shares that Goldman Sachs and other hedge funds didn’t even own and failed to deliver. Their greed took over, who wouldn’t , when Goldman Sachs was making over $100 million a day in trading. They destroyed companies like Sirius XM radio and overstock.com and many others. Then they began naked shorting the banking industry and attacking each other.
This is the truth that the news media, corporate Amercia, the SEC, the Government, Goldman Sachs, Hank Paulson and the many others that were in power have not told the American people and the world. Now, as I write this letter, they are now trying to con the world into thinking it was insider trading that caused 95% of the middle class workers to lose 20% – 60 % of their investments and 401K’s.
In the end the Entire story will be told and I hope I get my chance to tell it. Check the facts. There was an arrest of that Goldman Sachs employee in July 2009. Why was it covered up? Where are the arrests for Naked Short Selling and Goldman Sachs use of their secret software that stole the wealth off investors all across the country. It will go down as the biggest scandal in history.
I give you permission to re-print this letter. Please follow up and investigate. This story needs to be told. Please contact me. It is exactly what is taken place.
Richard Keane
Stock Shock: The Short-Selling of the American Dream
Decimal Place Trading caused the recession of 2008
My name is Richard, and I am the narrator for the movie Stock Shock, directed by Sandra Mohr. The movie was made in June of 2009, just as the full-blown recession of 2008 was coming to an end. This recession was caused by the manipulation of stock prices on Wall Street through naked short-selling, flash trading, high-frequency trading, secret software, super-fast computers and what I feel was the main cause of this corruption: “Decimal Place Trading.” As I write this article today, much of this corruption is now slowly coming out through social media outlets such as Twitter and Facebook, along with bloggers on the internet, Yahoo bulletin boards, and, of course, Stock Shock. But the news media is also to blame for what has taken place in this country — including the near-collapse of Wall Street and the banking industry.
There are many things to point fingers at or place the blame on, and I can think of a few off-hand that I would like to cover — the first being Wall Street’s regulation changes. I am no expert — I am not even a writer — but decided to tell this story since the business news media was not telling it. These Wall Street regulation changes contributed to the aforementioned problems in many ways, with the first being the removal of fractions in stock pricing. On January 29, 2001, the New York Stock Exchange, or NYSE, went to four-decimal-place trading. On March 12, 2001, the National Association of Securities Dealers Automated Quotation, or NASDAQ, followed suit. This new rule had the best of intentions as we headed toward the computer and digital world, but over time it was manipulated and companies like Goldman Sachs figured out how to take advantage of the new system. I am not sure how it happened, whether it was lobbied for years or what — but along came the biggest mistake of all with the elimination of the uptick rule in July of 2007. This rule had been implemented after the great depression, and had been in place since 1938. How could the Securities and Exchange Commission, or SEC, abolish a rule that had been in place for close to 70 years, and had worked? Put these two changes together, and you get a simple equation: greed plus corruption equals recession.
Facts have also surfaced on this over the past few weeks on the internet — you can do a Google search and see for yourself. Also, reports have been released on the web that Goldman Sachs made over 100 million dollars per day in 46 out of 64 trading days in Fiscal Year 2009, second quarter (April, May and June). Let me say that again. They made over 100 million dollars per day, and are still doing it as I write this letter today. But the question remains, how did they do it? There has been no report of this by any of the news media. How can this be? This corruption is 100 times the gravity of the Bernie Madoff story, and yet there has been no coverage by CNBC or Bloomberg News. Why? Goldman Sachs, upon Wall Street transitioning to fractions and the abolishment of the uptick rule, designed secret software and used this software to gain an advantage on every potential investor. They did so by manipulating the stock price to make people pay more money by adjusting the stock price up and down in decimal places, making profits on each and every trade, while these investors had no idea what was taking place. Basically, Goldman Sachs became a Las Vegas poker dealer in New York City on Wall Street, turning profits on every trade with their super-fast computers and software. Profits in the milliseconds works out to be over $100 million per day. Now that’s a lot of trades — and it is still going on today.
Stock Shock has revealed many of these scams, yet they have only been reported by social media networks like Twitter and Yahoo, along with some great bloggers and websites, such as satwaves.com. The national media, meanwhile, has turned a blind eye. I have discussed with Stock Shock’s director that the bigger crime here — aside from the essentially stolen 20 to 60 percent of people’s retirement money and individual investments — is the action of the news media — or shall I say, their non-action.
The movie has gotten the attention of Senator Ted Kaufman and Senator Chuck Schumer, which has subsequently lead to new SEC rules for flash trading — effective September 1, 2009 –and more discussions on reinstating the uptick rule by year’s end.
Here is my take on why the news media has been silent. Stock Shock is about the technology of the future; namely Sirius XM Radio — a satellite radio service. The news media is fearful of the success of this company as future technology expands to cell phones. Basically, when Apple came out with the iPhone in July of 2008, Sirius XM Radio and XM Radio merged companies — also in July of 2008. It was the start of the “walking computers” via cell phones with increased functionality that will only improve and expand in time as they upgrade and bring the news to the people instantly. As I write this letter, it hits me. The Federal Communications Commission, or FCC, delayed the merger of Sirius and XM for 18 months — six months prior to uptick rule elimination in January of 2007. Was the abolishment of the uptick rule established at this time because of these new technologies merging, which would eventually create the new news media years down the road? With people using these cell phones — which contain a multitude of media capabilities — to videotape news as well as to link videos to YouTube and link photos, could this be the reason why all of a sudden the uptick rule was abolished? And what followed right after — the most shorted stock on Wall Street — was Sirius XM Radio. Not only was Goldman Sachs using its advantages to take investors’ money away slowly like Las Vegas poker dealers — Goldman Sachs was also paying millions to CNBC. Was it paid protection to keep quiet? The news media wanted this powerful, newly-merged company, called Sirius XM Radio, Inc., destroyed. To that end, both the news media and the corrupt individuals on Wall Street ganged up on Sirius XM Radio in an attempt to bankrupt the company through negative and, at times false, news media reporting — all while Goldman Sachs naked-shorted Sirius XM Radio’s stock in the millions of shares.
Thanks to the movie Stock Shock and Sirius XM Radio’s faithful investors, they fought back and today, the truth is slowly coming out each and every day — what the news media is still doing and how Goldman Sachs is still manipulating trades in decimal places. But Sirius XM Radio has survived the onslaught of attacks in the press and on Wall Street, not to mention CNBC’s non-reporting of the many positive stories that have unfolded with Sirius XM Radio since the release of Stock Shock.
In the end, the truth will prevail over the business news, CNBC, and Goldman Sachs. We will expose their role in the failed attempt to bankrupt Sirius XM Radio through Hollywood. There are four movies being released on this topic:
1. Stock Shock: The Short-Selling of the American Dream — Director Sandra Mohr
2. Money Never Sleeps — Director Oliver Stone
3. Capitalism: A Love Story — Director Michael Moore
4. Monopoly — Director Ridley Scott
Go figure. Wow, the times have changed. But Hollywood will tell the truth about how the recession of 2008 took place, since the business news failed to tell the American people and investors of the world about the corruption on Wall Street involving decimal place trading and manipulation. They failed to tell the world because both had their own hidden agendas — as the news media wanted Sirius XM Radio bankrupt, and Wall Street wanted the Sirius investors’ money.
Now, for some facts about the news media…
CNBC:
Did you know that General Electric, or GE, owns CNBC, as well as NBC and MSNBC? Did you know that MS stands for Microsoft, as GE and Microsoft own MSNBC? They also own Meet the Press, The Today Show and others.
CNN:
Did you know that CNN is owned by AOL/Time Warner and that they own 33 magazines, including Time and Fortune?
FOX:
Rupert Murdoch owns News Corp, which owns Fox News and their many networks across the country. News Corp also owns 132 newspapers, including the New York Post and the London Times, along with 25 different magazines.
Also, it seems ironic that these newspapers are in trouble financially, as has been reported over the past months — especially the Boston Globe’s problems and how the New York Times owns this well-known but, of late, troubled publication. I do not know who owns the Wall Street Journal, Motley Fools, but I do know that Jim Cramer of CNBC’s “Mad Money” is part-owner of thestreet.com, which has written numerous false articles about Sirius XM Radio. How is he allowed to do that while also bashing Sirius XM Radio on “Mad Money“? Did you see Jim Cramer bashing Sirius XM Radio last night ( August 24th, 2009 ) on Mad Money.
How could any one of these once powerful news media companies fail to cover the story of naked short-selling or decimal place trading? The recent news about naked short-selling and flash trading, along with high-frequency trading, have only been in the news since word came out on Wall Street about Stock Shock. Only then have these stories of corruption on Wall Street come out within the past few weeks and months, but to this day there has still been no talk of the decimal place trading — and the national news media have yet to mention the movie. All of these news media companies and TV stations are hoping that Goldman Sachs can still succeed at trying to bankrupt Sirius XM Radio through manipulation in decimal places; hence not one single word of this on any one of the networks listed above — not one word. But the Cash for Clunkers program has been all over the news for the past month — who do you think will benefit from all of the new cars sold? Yes…Sirius XM Radio will be included in just about every new car sold, not to mention in all of the cell phones of the future. CNBC had at least 100 hours of coverage for the Cash for Clunkers program, yet not one mention of Sirius XM Radio — the company that, ironically, stands to gain the most for all these new car sales.
Goldman Sachs’ manipulation of stock prices with Sirius XM Radio and many other stocks continues today. Goldman Sachs tried to ruin the banking industry using the same exact means — naked short-selling — until the SEC finally stepped in. Their original plan back in July of 2007 to ruin Sirius XM Radio led to more greed by Goldman Sachs and Wall Street as they took the Sirius XM Radio attack plan and used it against the banking industry, while their greed almost ruined our great country. When they are making over 100 million dollars per day by manipulating stock prices in decimal places, I guess they will do anything, and stop at nothing — including putting this country into a recession. That, my friends, is greed — total and complete greed.
Goldman Sachs’ advantage will be diminished with the new changes coming on Wall Street, but which national media company is going to tell the entire truth to the world? Is it going to be Hollywood, or is the national media finally going to be forced to reveal what really happened?
The bottom line is this: the truth will prevail in the end, and Stock Shock will unveil the whole story — the real story — to the world. You can take that to the bank.
Richard Keane, narrator – Stock Shock
August 16, 2009 original
August 25th, 2009 revised version
Absolutely right on, Brandon. You have succinctgly laid out the audit trail that the SEC should follow to finally rein in this ongoing, concerted manipulation of Sirius XM (SIRI) by a cabal involving various institutions including Goldman Sachs and Jim Cramer. It defies logic to believe SIRI would be responding to the company’s multiple positive developments on all fronts by stalling and resisting all natural tendencies to improve further – definitely being affected by the constant, coordinated onslaught of phony negative media attacks led – primarily by the megaphone for this cabal – Jim Cramer.
Hopefully your writeup, above, will be an instrumental catalyst to galvanize the SEC to look deeper into all of this and finally live up to their mandate – to protect and serve the legitimate investing public and not merely to remain captive to the power structure in Wall Street. While they are at it – they should also look into all the phony manipulation of the stock that continues via high speed computer trading – enabling a constant “shell game” of phony transactions being run from one desk to another – in house -all designed to merely “paint the tape” with fraudulent trading levels that bear no relationship to true levels recording legitimate supply/demand decisions being made by arms length buyers and sellers. The SEC has been totally asleep at the switch on all of this – to the detriment of the legitimacy of the markets. Going after Cramer and his cabal would definitely be a good start toward cleaning all this mess up and demonstrating the renewed efforts of the SEC to enhance its image before the public.
nothing will be done, the fox is guarding the hen house!
We all know Cramer is a thief and he came out of his mother’s colon.
Go to the proper authorities and prosecute him and those who do not use their power to convict him.
This seems to be going on for a while now and all I can say is when is Siri stock going to make a significant move.
the only thing that keeps me hanging on is Mel is in at an average price of $5.00 out of pocket and he is no dumb cookie and that it is a good product and future earnings are unlimited.
Go Siri – Screw Cramer
This will not be a popular response but the fact of the matter is until Mel speaks out like Mr. Byrne, Mel is guilty as charged. How a CEO can remain silent on that very day 11 bashing articles were released from TSDC plus Cramers video is baffling to say the least. Mel needs to prove he is clean of this bullshit.
Brandon do not get me wrong I appreciate all the news you give us but you should take it to the proper authorities and publicise what the status is on your story and on the procecution.
Just keep bringing up the matter until something is done.
This reminds me on the situation with those creeps from the NAB with the merging matter everyone was saying they should be sued and prosecuted and what not…..what happened we heard nothing more on that matter.
Long Siri
Maybe my great, great grand childeren will be
happy I bought Siri stock.
Investments is correct.If Cramer is doing something illegal why just post it here and leave it especially if you are an editor.
If this will not be a great story what on earth would be:
“SEC DOES NOT WANT TO PROSECUTE CRAMER”
Further, the reason why Cramer and Goldman Suks consistantly get a SEC pass is because Cramer knows where the bodies are buried within the SEC and they are scared shitless on what Cramer may spew out of his mouth. The SEC will not touch either, bank on that.
You never know.
But when news comes out of a merger with another giant this stock is going to take-off.
Most likely it will be Liberty but then again we have Gooogle there too.
GO SIRI GO
CNBC makes Cramer look bigger than he is.
He is not as powerful as he makes you think he is.
Take him off CNBC and he is finished.
So, in view of these obvious violations of the law, is anyone taking up the challenge to bring formal charges against Cramer and company?
As I recall, one of the hit peices released that day used the fact that Sirius XM called thestreet.com to correct errors in their so called reporting…they used that to slam the company again…
That is exactly why Mel does not need to respond to these low lifes publicly. Seldom does a CEO come out ahead when they get involved in handling the bashers themselves. The main stream media will eat them alive, and turn their own words on them. I’ve seen it happen over and over again.
I want management to handle the business of running the company, growing the company, increasing FCF, earnings and reducing debt. That’s what I want from a CEO. I don’t want him in the lime light so Cramer can bash him on Mad Money or the guys of Fast Money smurking at him.
I understand that we all see this the way we see it, so this is just my opinion.
Professionalism…that’s what I want.
It’s the job of management to run the company and that is exactly what Mel is doing. No one will be able to dispute the results in CY 2010…mark my works!
CNBC,NBC & GE should be ashamed of Jim Cramer. He is a manipulater of the market, using shorting & the media. Anyone can make money if they had the inside ability to cheat. He is what is wrong w/ Wall Street and America today. Make money anyway you can and you are put on a pedistal and looked at as a God.
Brandon,still very dissapointed with the lack of marketing on this great promo of turning on all the radios. Yes your site is helping spread the word, but it in no way is enough. It has to get out to the general public. Do you think Satwaves is more in tuned to the general public or more in tuned to the Sirius Xm community? Get off your satellite and come down to earth. Your site is great, but it is not a marketing tool to the general public and you know that. Write a piece on what a great idea the promo is but how Sirius Xm is lacking on getting the word out. I talked to 5 people that have idle radios and only 1 of them knew about the promo and has turned on his sat radio. What a shame!!! Use your clout on this issue. This promo is a fantastic idea that the general public is not aware of.
Excellent article Brandon. The real culprit in the this scandal of the century is Goldman Saks. Everyone else is just their tool…including Cramer. The SEC has no real prosecutory power…they have to turn violations over to the Justice Department for prosecution and their plate is full. Also, SEC regulations and rules mostly carry no real penalties for violations. Reform is needed to provide prosecutory power directly to the SEC and real penalties need to be added to regulations for viloations.
Pleeeeaaasssseeee….get this story, and all comments published on Money/AOL, Yahoo money, Bloomberg, Siriusbuzz, and all the other responsible, credible financial reporting media outlets.
Great story Brandon and very long overdue!
Thanks, Brandon. Courageous piece.
Brandon,
Way don’t you write a letter to the SEC outlining all the above accusations that we as investors can print and sign.
We can flood the SEC with the mailings.
Just a thought.
Bill
Great artical Brandon! I have fwded this to The Daily Show with Jon Stewart.
How to get the word out: 1- basic…window decals 2-Tell a friend…give a free month to current subs for each new 1yr sub recommended 3-$1million give-a-way…entry for each new 1yr sub, entry for each current sub who signs up a friend for 1yr (say it costs $3mil to give a way $1m, only need 300k new subs to pay for it. This could be a 3 to 12mth contest. Gives better promo by current subs, attractive to new subs, and gets radical current subs even more excited about SXM). 4-and any other ideas that uses current subscribers to attract new subscribers!!!!!
11 articles in one morning should tell you alot
as I stated….one of the streets articles was written in response to Sirius contacting the street to clarify misperceptions. The Street wrote about the contact and proceeded to slam sirius some more.
I don’t think Mel likes to tip his hand. He knows whats going on and I hope sometime in the not to distant future he drops some kind of a bomb.
WHEN YOU STATE G-SUXS OWNS 1.5M SHARES, BIG DEAL. THEY’RE MAKING MILLIONS IN MANIPULATION IN A DAY OR WEEK, OWNING 1.5M SHARES WORTH 1M IS PURE WINDOW DRESSING. POSITION: LONG SIRIUS..