To: nickcarraway
You're missing the point. It's a signing bonus disquised as an option agrrement.
Sirius insiders will buy the stock immediately.
Meaning Howard gets a $200 Mil bonus regardless how well his show fares in the market.
This was all arranged before the ink was dry.
To: beaver fever
Sirius insiders will buy the stock immediately.
According to http://finance.yahoo.com/q/it?s=SIRI there appears to be a nontrivial amount of insider selling. Most stocks have some insider selling as insiders are frequently receiving stock for one reason or another and they want to diversify their portfolio. The amt of selling with SIRI though appears quite large to me.
28 posted on
01/12/2006 5:17:57 AM PST by
posterchild
(Past performance no guarantee of future results.)
To: beaver fever
Sirius insiders will buy the stock immediately. Bwaaa Haaa Haaa Haaa Haaa!!!!!
You're too funny. Sirius insiders collectively hold less than 1.3% of the stock. They know what this POS is worth.
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