"Stock Shock," a movie about Sirius XM and the manipulation of the American stock market, was produced in only 3 months by the independent production company: Mohr Productions.
Online PR News – 12-March-2010 – – It seems everyone is talking about it: the recession, the near fatal economic crash, and the greedy market makers of Wall Street . It is the stuff of great films, and both director Sandra Mohr ("Stock Shock-The Short Selling of the American Dream) and Michael Moore ("Capitalism, A Love Story") have come out with movies exposing government and corporate corruption. Even director Oliver Stone has "Wall Street 2" in the works.
"Stock Shock," a movie about Sirius XM and the manipulation of the American stock market, was produced in only 3 months by the independent production company: Mohr Productions. "We wanted to get the story out about corruption on Wall Street as soon as possible," says director Sandra Mohr. "Investors were losing their shirts and we believed the movie would help to educate and protect them." It seems to have worked. Soon after the movie spotlighted the ravaged shares of Sirius XM, the company stock rose nearly 1000 percent, and the Securities Exchange Commission appears to have finally taken an interest in naked short selling. "Manipulative short selling was the primary reason shares of Sirius XM and so many other stocks tanked last March," says Mohr.
"Stock Shock" is made in the tradition of Michael Moore's "Capitalism: A Love Story" and focuses on the all-American investors of the satellite radio company. After CEO Mel Karmazin managed to merge Sirius Radio and XM in 2008, the stock was poised to go above its high of 9 dollars per share. Thats when the stock was allegedly attacked by aggressive hedge funds that drove the equity down to a horrifying .05 cents per share in early 2009. The movie lays out a case blaming naked short selling and poor SEC regulation for the stock's demise.
"Stock Shock" is available everywhere on DVD and at Amazon.com or stockshockmovie.com.
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