A little “Deep Capture” cover-up in the works?
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. (Just [...]
Thousands of victims of Naked Short Selling, but I’m not naming names!
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
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 core [...]
Video of Patrick Byrne discussing the Sith Lord’s fax machine at CNBC
I couldn’t make up stuff this good if I tried. Seriously. The things that Patrick Byrne, CEO of Overstock.com (NASDAQ:OSTK) says are a journalist’s dream. (Yes, if Byrne can think of himself as a journalist, so can I!) I reported the other day on his comments about the secret fax machine at CNBC. Here’s the [...]
GAAP being replaced by BOSS
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 to [...]
Patrick Byrne’s delusions
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 for a [...]
A bit of irony from Patrick Byrne, CEO of Overstock.com
Recently a countersuit was filed by Gradient Analytics against Overstock.com (NASDAQ:OSTK) and Patrick Byrne, claiming that the company and Byrne engaged in a smear campaign after negative reports on Overstock were issued by Gradient. The suit includes allegations that Overstock and Byrne committed acts of defamation, tortuous interference with prospective business relations, and unfair business [...]
The Sith Lord rears his ugly head again
The Sith Lord lives on, according to Overstock.com (NASDAQ:OSTK) CEO Patrick Byrne. I am thankful that we have Wacky Patty to look out for the interests of investors. He gave a speech March 3rd at the University of Utah, and the school newspaper wrote about his comments.
And who would have guessed that Byrne was [...]
NAACP wants Patrick Byrne of Overstock.com to apologize
Patrick Byrne, CEO of Overstock.com made a teeny little goof this week. Well, okay… it wasn’t so teeny. It was pretty bad.
Byrne was part of a debate on school vouchers in Utah, which he favors. During the debate, he said that when minority students don’t graduate from high school, “you might as well burn them.”
Yet [...]
