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Recommendations: 2
Title: Overstock.com and CEO Patrick Byrne: Securities and Exchange Commission Regulation G Violations
Opening paragraph: A careful analysis of Securities and Exchange Commission Regulation G, guidance provided by the SEC on Regulation G, and Overstock.com's financial disclosures raises a serious question as to whether or not Overstock.com misused certain non-GAAP measures in violation of certain provisions of Regulation G. As detailed, in a previous blog post, entitled "Did Overstock.com CEO Patrick Byrne cook the company's numbers and mislead investors? (Part 4)," Overstock.com (NASDAQ: OSTK) added a new disclosure in its third quarter fiscal year 2007 10-Q that was absent from its third quarter 8-K, second quarter 10-Q, and second quarter 8-K about Regulation G. The disclosure relates to the applicability of Regulation G.
Link here: http://whitecollarfraud.blogspot.com/2007/11/overstockcom-an...
Respectfully,
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
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