Patrick Byrne, the Omniscient

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I’ve been contemplating this topic for a couple of weeks, but just didn’t have the stomach to write about it. Fortunately, Gary Weiss has mentioned it and given me the courage to suck it up and write about it. What’s the topic? The ever-nauseating Patrick Byrne, CEO of Overstock.com (NASDAQ:OSTK). Since at least 2005, he…

Overstock.com’s Mounting Accumulated Losses

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Today Patrick Byrne, CEO of the ever-flailing internet retailer Overstock.com (NASDAQ:OSTK) went on Fox Business to talk about naked short selling and conspiracy theories. And to whine about CNBC and the fact that he thinks people at CNBC take orders from Hedge funds: “They won’t let me on to talk about it.” Byrne was asked…

Short Selling, Miscreants Ball, and Conspiracies… OH MY!

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On August 12, 2005, Patrick Byrne, CEO of Overstock.com (NASDAQ: OSTK) had a conference call he said was going to give information about the “August 11 lawsuit.” The transcript is 17 glorious pages of Byrne rambling about his conspiracy theories. No questions. Just Byrne and conspiracy theories. I read it on Thursday. And I didn’t…

A Little “Deep Capture” Cover-Up in the Works?

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Gary Weiss has a most excellent post on his blog about an apparent cover-up in progress by Patrick Byrne, CEO of Overstock.com (NASDAQ:OSTK). Here’s the deal: For a couple of years now, Patrick has been ranting and raving about conspiracies and Sith Lords and secret fax machines and other oddities related to Naked Short Selling.…

Thousands of Victims of Naked Short Selling, But I’m Not Naming Names!

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I’m not an expert on Naked Short Selling. Frankly, I’ve just never really been interested in the topic. Does it appear to exist? Yes. Does it appear to be the reason Overstock.com (NASDAQ:OSTK) is doing so poorly and its stock is far below where it was a few years ago? No. I’ve seen no proof…

Note to executives prone to spin and deflect

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Ethisphere has published its 2008 list of the World’s Most Ethical Companies. One of the guiding principles in putting this list together: The World’s Most Ethical Companies are the businesses that respond not with a PR campaign, but with real action, such as complete transparency for the public and significant effort given to fixing the…

Overstock.com’s “Unusual” Financial Statements and Disclosures

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Supporters of Patrick Byrne and Overstock.com (NASDAQ:OSTK) can’t seem to get over the fact that the company has never turned a profit and that it is being investigated by the SEC (despite false assertions in the most recent conference call that the SEC has resolved “all the issues” and has sprinkled holy water on the…

GAAP Being Replaced By BOSS

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It’s official. The Sith Lord and I have concluded our meeting, and public companies in the United States will no longer be required to follow GAAP (Generally Accepted Accounting Principles). Instead, they will immediately begin following BOSS (Because Overstock Said So). Many of you are not surprised by this change. With Patrick Byrne’s impressive ability…

Patrick Byrne’s delusions

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More delusional talk from Patrick Byrne, CEO of POS Overstock.com. From Herb Greenberg at Marketwatch: Speaking on the Fox Business Channel today to my friend Liz Claman, [Byrne] said: “I think that there’s been an unhealthy collusion developed between certain short sellers and certain journalists. They center around your competitor, CNBC. I happen to know…