Comments on: Overstock’s real estate and naked short risks… http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/ Morningstar's guide to what's hiding in SEC filings Fri, 10 Feb 2012 20:24:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Sam E. Antar (former Crazy Eddie CFO and a convicted felon) http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5985 Sam E. Antar (former Crazy Eddie CFO and a convicted felon) Sun, 10 Aug 2008 04:00:21 +0000 http://www.footnoted.com/?p=2196#comment-5985 Dave posting here is actually Dave Patch who claims to be a market reformer. However, Dave Patch hides the fact here that Overstock.com CEO Patrick Byrne helped him get an attorney for a certain legal matter and that Patch did not have to pay the bill. If Dave Patch claims to be a market reformer, why does he accept gratuities from Overstock.com CEO Patrick Byrne who has a long documented history of being a habitual liar? Apparently, Dave Patch is a compensated shill for Patrick Byrne. Dave posting here is actually Dave Patch who claims to be a market reformer.

However, Dave Patch hides the fact here that Overstock.com CEO Patrick Byrne helped him get an attorney for a certain legal matter and that Patch did not have to pay the bill.

If Dave Patch claims to be a market reformer, why does he accept gratuities from Overstock.com CEO Patrick Byrne who has a long documented history of being a habitual liar?

Apparently, Dave Patch is a compensated shill for Patrick Byrne.

]]> By: William Burr http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5984 William Burr Sat, 09 Aug 2008 21:16:01 +0000 http://www.footnoted.com/?p=2196#comment-5984 You only have to have Whacky Patty or one of his henchmen lie about you once to realize that he blows a lot of smoke. He is sort of the Pied Piper of the Perpetual Stock Market Misfits (aka penny stock losers). But despite that I love him dearly as he is the naked short's best friend. You only have to have Whacky Patty or one of his henchmen lie about you once to realize that he blows a lot of smoke.

He is sort of the Pied Piper of the Perpetual Stock Market Misfits (aka penny stock losers).

But despite that I love him dearly as he is the naked short’s best friend.

]]> By: Michelle Leder http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5963 Michelle Leder Thu, 07 Aug 2008 13:56:06 +0000 http://www.footnoted.com/?p=2196#comment-5963 Thanks, Marc. Just checked out the strip and it is very funny. Dilbert's dipped into the footnotes a few times before. Here's a <a href="http://dilbert.com/strips/comic/2008-08-07/" rel="nofollow">link</a> to the latest one. Thanks, Marc. Just checked out the strip and it is very funny. Dilbert’s dipped into the footnotes a few times before. Here’s a link to the latest one.

]]> By: Marc Mayor http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5961 Marc Mayor Thu, 07 Aug 2008 10:48:42 +0000 http://www.footnoted.com/?p=2196#comment-5961 *** Off Topic *** Michelle, I don't know if you read the daily Dilbert strips. If that's not the case, have a look today, there's a hysterical quote that made me think of you: "Sometimes the footnotes smell like actual feet" Keep up the good work! Warm regards, Marc *** Off Topic ***

Michelle,

I don’t know if you read the daily Dilbert strips. If that’s not the case, have a look today, there’s a hysterical quote that made me think of you:

“Sometimes the footnotes smell like actual feet”

Keep up the good work!

Warm regards,

Marc

]]> By: tkalantzis http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5958 tkalantzis Thu, 07 Aug 2008 05:54:57 +0000 http://www.footnoted.com/?p=2196#comment-5958 Michelle , Sam is a degenerate , liar, crook he works for the naked shorters . Michelle , Sam is a degenerate , liar, crook he works for the naked shorters .

]]> By: CALMdown http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5954 CALMdown Wed, 06 Aug 2008 23:51:54 +0000 http://www.footnoted.com/?p=2196#comment-5954 Michelle, you will most likely regret writing about Overstock as you'll get one too many penny stock scam bagholder over here ranting and raving non stop. Why not write about a profitable firm who taught short sellers a lesson they'll never forget: Cal-Maine which trades as CALM on the NasDaq. Feel free to ask Herb Greenberg about how honest its CEO, Fred Adams Jr., is. Fred explained the egg supply/demand cycle to Herb as well as the cycle nature of the revenue/earnings stream and factors which positively or negatively affect it like grain prices. Excellent blog, Michelle. Michelle, you will most likely regret writing about Overstock as you’ll get one too many penny stock scam bagholder over here ranting and raving non stop.

Why not write about a profitable firm who taught short sellers a lesson they’ll never forget:

Cal-Maine which trades as CALM on the NasDaq. Feel free to ask Herb Greenberg about how honest its CEO, Fred Adams Jr., is. Fred explained the egg supply/demand cycle to Herb as well as the cycle nature of the revenue/earnings stream and factors which positively or negatively affect it like grain prices.

Excellent blog, Michelle.

]]> By: Gary Weiss Blog http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5953 Gary Weiss Blog Wed, 06 Aug 2008 21:50:57 +0000 http://www.footnoted.com/?p=2196#comment-5953 <strong>Overstock.com's No. 1 Risk Factor: Patrick Byrne...</strong> Overstock has made it official: it's No. 1 risk factor is its dipsy doodle CEO.... Overstock.com’s No. 1 Risk Factor: Patrick Byrne…

Overstock has made it official: it’s No. 1 risk factor is its dipsy doodle CEO….

]]> By: Dave http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5952 Dave Wed, 06 Aug 2008 21:50:33 +0000 http://www.footnoted.com/?p=2196#comment-5952 Unfortunately Michelle, you chose to put up a post by Convicted Felon Sam Antar that continues to make blatant false and misleading accusations. In doing so you would expect a sharp response. People found out about this blog because Sam was posting it and his response on other message boards to get his message out there. I applaud you for identifying your close relationship to Herb although, as you would expect, that creates it's own cloud over your motives. Can I ask, why did you not recognize in your discussions about Byrne and Naked shorting that Paulson has recognized the practice as detrimental to the market, The commission has recognized it as such, and the market participants are now coming out and boldly discussing this issue. Clearly the issue exists, the regulators are concerned about it, the FTD data illustrates teh significant rise un unsettled trades, and all anybody wants to do is blame byrne for not having a profitable company. How A has anything to do with B is beyond me. Unfortunately Michelle, you chose to put up a post by Convicted Felon Sam Antar that continues to make blatant false and misleading accusations. In doing so you would expect a sharp response. People found out about this blog because Sam was posting it and his response on other message boards to get his message out there.

I applaud you for identifying your close relationship to Herb although, as you would expect, that creates it’s own cloud over your motives.

Can I ask, why did you not recognize in your discussions about Byrne and Naked shorting that Paulson has recognized the practice as detrimental to the market, The commission has recognized it as such, and the market participants are now coming out and boldly discussing this issue. Clearly the issue exists, the regulators are concerned about it, the FTD data illustrates teh significant rise un unsettled trades, and all anybody wants to do is blame byrne for not having a profitable company. How A has anything to do with B is beyond me.

]]> By: Michelle Leder http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5951 Michelle Leder Wed, 06 Aug 2008 19:08:27 +0000 http://www.footnoted.com/?p=2196#comment-5951 First, there's no reason to get nasty. That's one of the main reasons I've avoided writing about Overstock in nearly 5 years of blogging. Clearly, there's a lot of very deep personal feelings about this stock. As to John's point about why I chose to write about it, it's pretty simple: I found the new disclosures interesting and it's my site so I wrote about them. Not much intrigue there. As for John's other comment about why it would be more convenient to go to each bank's REO site, it's not. So if there was a site that was able to bring all of that information together in one place -- and was ad supported, instead of subscription-based, it would be great. Overstock Real Estate isn't there yet, based on the short testing I did. Maybe it will be one day. First, there’s no reason to get nasty. That’s one of the main reasons I’ve avoided writing about Overstock in nearly 5 years of blogging. Clearly, there’s a lot of very deep personal feelings about this stock. As to John’s point about why I chose to write about it, it’s pretty simple: I found the new disclosures interesting and it’s my site so I wrote about them. Not much intrigue there.

As for John’s other comment about why it would be more convenient to go to each bank’s REO site, it’s not. So if there was a site that was able to bring all of that information together in one place — and was ad supported, instead of subscription-based, it would be great. Overstock Real Estate isn’t there yet, based on the short testing I did. Maybe it will be one day.

]]> By: Dave http://www.footnoted.com/buried-treasure/overstocks-real-estate-and-naked-short-risks/comment-page-1/#comment-5950 Dave Wed, 06 Aug 2008 18:37:31 +0000 http://www.footnoted.com/?p=2196#comment-5950 Michelle, I want to make sure that convicted felon Sam Antar's words are put into proper context. Convicted felon Sam Antar, friend to Herb Greenberg as well, and fellow Overstock.com basher claims quite routinely that Overstock.com is in violation of Securities laws. What Sam continues to fail to disclose is that he did meet with the SEC, he did present his evidence and opinions to them, and the SEC disagreed with Sam's assessments. They closed down their investigation. That makes such claims of "taken no action to date" very misleading. They do not intend to take action at all. I can only wonder what financial incentive convicted felon Sam Antar has in continuing to make these misleading and potentially manipulative claims knowing full well they are inaccurate. Michelle,

I want to make sure that convicted felon Sam Antar’s words are put into proper context.

Convicted felon Sam Antar, friend to Herb Greenberg as well, and fellow Overstock.com basher claims quite routinely that Overstock.com is in violation of Securities laws. What Sam continues to fail to disclose is that he did meet with the SEC, he did present his evidence and opinions to them, and the SEC disagreed with Sam’s assessments. They closed down their investigation. That makes such claims of “taken no action to date” very misleading. They do not intend to take action at all.

I can only wonder what financial incentive convicted felon Sam Antar has in continuing to make these misleading and potentially manipulative claims knowing full well they are inaccurate.

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