Someone bought 36,600 shares at the ask ($16.00).
SIRI, Sirrus Radio, reported earnings this morning with a 54% positive earnings surprise and a 6.3% sales increase. This may explain the buyer's enthusiasm for EMMS.http://finance.yahoo.com/news/Sirius-XM-Radio-Inc-Earnings-wscheats-96943253.html?x=0
While not necessarily a game changer, a $600K order shows that someone has faith int EMMS's future.36600 Shares x 16.00 = $585,600.00
Yeah, that points out the the common is not desirable, and not worth much, as evidenced by the share price.
not to be a wise #$%$ but it also shows someone doesn't have anymore confidence since they sold