Insiders sold shares of the following companies on Thursday, May 17, 2012
Sirius Xm Radio Inc. (NASDAQ:SIRI): Karmazin Mel (CEO) sold 7,850,000 shares at a price of $1.99.
Sirius XM Radio Inc. broadcasts its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its proprietary satellite radio systems: the SIRIUS system and the XM system.
Ron and Fez has been full on brokered at least once that I can think of. That horrible Ashley Madison CEO interview was totally bought and paid for. Having done shows like that, I can spot them a mile away now.
Liberty is already in great position to take control.
On May 9th, Liberty announced that it had increased its stake in Sirius XM by 60.35 million shares. This gives them control of 46.2% of the company. They are obviously interested in purchasing more shares (up to $2.19 per share), and with a recent sell off taking shares of SIRI into the $1.90 range, the likelihood of them getting more is looking good.
Liberty already controls 5 of the 13 seats on the board, and looks to be poised to take another soon. According to Spencer Osborne, another Seeking Alpha contributor, a 53.8% share would justify a 7th and majority place on the board, which does not seem out of the realm of possibility. With shares at a lower level now, I am sure that investors would be more than happy to unload shares to Liberty, and this will benefit Liberty. http://seekingalpha.com/article/603121-liberty-media-could-be-a-sirius-problem