It's worthless again. I think they know that the trend is that they are headed back to bankruptcy. Especially with the man that they paid the big money to fucking them and basically phoning it in for 2 days a week. http://www.forbes.com/sites/joanlap...y-selling-half-his-stock-but-not-until-april/ During February, SIRIâ€™s CEO Mel Karmazin announced plans to sell about half of his SIRI holdings. Remember, Mel had high priced options before he and David Frear, the CFO, almost put the company into bankruptcy in 2009 with some horrifically bad decisions on refinancing before Lehman went down for the count. So they gave the useless options back to the company in favor of lavish new ones at $0.43. That was after Liberty Media and John Malone swooped in with $575 million in loans and share purchases that left Liberty with 40% of Sirius XM now. Malone lives his corporate life (and one presumes his personal life, too) doing anything he can to avoid paying taxes. Iâ€™m sure one of the big attractions to Liberty when it saved Sirius XM was the latterâ€™s huge tax loss carry forwards (otherwise known at NOLâ€™s, net operating loss carryforwards) that can be netted out against corporate profits. But any change of control of an entity requires that 3 years elapse before a transaction unfolds that could unlock the use of those NOLâ€™s. That 3 years is up in March 2012. So who would expect major liquidations of holdings at Sirius by the very insiders who were so well papered with options at the worst of times for the company and its shareholders? Malone was handed a fabulous gift with the company on its ear and it is highly likely that the subsequent grant of excessive options was part of the quid pro quo at the time. Iâ€™ll wash your hand if you wash mine. Consider some of the recent insider transactions of noteworthy size and the liquidation of a major filing position. There is clear expectation by those folks that Malone is not going to act soon and presumably nothing will push the stock higher. Patrick Donelly, VP sold 9.2 million shares at 2.10 on 2/23 that were based on $0.67 options. His cost $5.2 million and the shares were sold for $19.5 million even though the shares have an additional 7.5 years before they expire. The shocker was that on 2/17/12, CEO Karmazin announced that he â€œhas adopted a trading plan in accordance with Rule 10b5-1 of the Securities and Exchange Act of 1934. The transactions that will take place under the plan are part of Mr. Karmazinâ€™s strategy for financial planning in connection with his philanthropic efforts. â€œUnder the 10b5-1 plan, beginning in April 2012, Mr. Karmazin is expected to exercise 60 million options to purchase Sirius XM shares. Shares underlying the options will be sold to cover the price to exercise the options and the remaining shares will be sold with the proceeds delivered to Mr. Karmazin.â€ (We added the bold type for emphasis.) â€œFollowing this planned sale of shares, Mr. Karmazin will still own over 68 million shares and options of Sirius XM.â€ True thatâ€™s not chump change but most of us could get by on the $135 million he will net out of the sale of the first half of his shares. And having watched the self aggrandizement over the last few years, we can fully expect the award of more options in the future. On 2/14/12, President Scott Greenstein exercised 6,942,034 shares of the delicious $0.43 variety that cost him $2,985,075 and that he sold at $2.15 for $14,953,141. We also learned in February that George Sorosâ€™ Soros Fund Management has liquidated its position in Sirius XM in recent weeks.