Now hear this: In the company's just-filed 10-Q, Overstock disclosed that on May 17 of last year Byrne received a separate subpoena. (Kudos to confessed crook Sam Antar, of whitecollarfraud.com, for being first to spot this.)
Why did Byrne wait nearly one full year to disclose that he, too, had received a subpoena?
UPDATED: Byrne responded on Overstock's website. As you might guess, his response was mostly incomprehensible, classic Patrick Byrne mumbo-jumbo that didn't answer the question. Rather than try to summarize it, you can read it here. This truly is one for the books.
Turns out Floyd Norris from the New York Times (read his subscriber-only blog here) and Roddy Boyd of the New York Post asked a question similar to the one I posed: Why did it take you a year to disclose your subpoena? Three reporters asking the same question? Oh my, oh my!
Gary Weiss, who has his own blog, isn't part of Byrne's latest alleged conspiracy because he hadn't lobbed in the same question Floyd, Roddy and I had. But he does put a delicious spin on the story.