Sam E. Antar

The Dilemma Facing Overstock.com's New Auditors

Thank you for your input. I added a note to my orginal blog post and sent that note to Seeking Alpha.

On Oct 28 01:11 PM CantFindAlpha wrote:

> Fun read but I think some of your arguments are misguided. Most significantly,
> the date upon which subsequent events (you refer to this as... "New
> Evidence of a botched audit by PWC and Overstock.com") is a new required
> disclosure under SFAS 165 for periods ending after June 15, 2009.
> Prior to 2nd qtr. 2009, the date which subsequent events were evaluated
> was implied by the date on the auditor's report but did not require
> its own footnote.

The SEC Finally Reopens Overstock.com Inquiry

107Sid: Thank you....Regards, Sam


On Sep 23 03:48 PM 107Sid wrote:

> Good job Sam!

The Latest Overstock Shenanigans

Here is some of the early history on Patrick Byrne:

whitecollarfraud.blogs...

The Latest Overstock Shenanigans

I am a convicted felon.

The Latest Overstock Shenanigans

Maybe he was drinking:

2.bp.blogspot.com/_3Wy...

If Insiders Are Unloading, Why Is BIDZ.Com Buying Back Shares?

Insiders at Crazy Eddie, like insiders at Bidz, sold high and low. BTW, how is that conspiracy theory of yours claiming that I am working in cahoots with Goldman Sachs?

Now, Questions About BIDZ.Com's Auditors

Bidz.com is a freebie to get me into heaven for past sins, though I doubt I can ever make up for my past sins. However, please feel free to share your thoughts with the SEC LA office. I won't mind visiting them.


On Jun 25 01:18 PM chris_dress wrote:

> sam:
>
> As far as I know, you have never revealed who is paying for your
> valuable services.
>
> why not let us all know whose ax you are grinding?

Now, Questions About BIDZ.Com's Auditors

I am 5' 7".


On Jun 29 06:43 PM Veneratio wrote:

> Why aren't you short then, Sam...?

Now, Questions About BIDZ.Com's Auditors

Thank you.


On Jun 25 09:46 AM 107Sid wrote:

> Sam Antar is providing a valuable service to investors with his investigative
> work, not withstanding past trangressions (for which he has paid
> a dear price). Thanks Sam and keep up the good work.

If Insiders Are Unloading, Why Is BIDZ.Com Buying Back Shares?

Imagine if all the companies that bought back stock instead retained the capital, how many fewer companies would be in trouble today.


On Jul 07 12:22 PM wpdragon wrote:

> Follow the stock option awards. Many companies make a big deal out
> of announcing stock buybacks, but that is usually a crock... they
> merely buy back enough shares to replace newly minted shares produced
> by insider option exercises, so its a zero sum game - more shares
> outstanding due to the preferential option awards that get exercised,
> then the buyback to cover those shares.
>
> Net/net, the public shareholders get screwed because the cash to
> buy back those new shares comes right out of shareholder equity -
> and right into the insiders' pockets.
>
> And yet they have the nerve to look the shareholders in the face
> and say they are doing it because they think the shares are undervalued...
> bull!

If Insiders Are Unloading, Why Is BIDZ.Com Buying Back Shares?

joof:

We did the same scam at Crazy Eddie: stock buybacks while insiders were selling. If you find some outlandish examples of other companies doing it, please contact me.

Sam


On Jul 07 06:03 PM joof wrote:

> It has been known to happen that stock buybacks are timed to support
> the scheduled insider selling. Can't really prove it in many cases...but
> the insiders can sell as the company is executing buybacks that support
> stock price

InterOil Offers Misleading Information About Questionable Employees to Investors

FTH: Excellent points


On Jul 02 01:38 AM FeelTheHeat wrote:

> SupaSage-
>
> Mr. Casserta was barred from offering the securities of any company.
> Instead of living by this ban, he violated it by acting as a placement
> agent for Interoil stock. It makes no difference if the act he committed
> was twenty years ago or twenty months ago. By acting as a placement
> agent for Interoil stock, Mr. Casserta, showed a willful disregard
> for securities laws.
>
> It makes no difference if Mr. Casserta is in fact "reformed". Mr.
> Antar is also barred for life from offering securities, and from
> acting as an officer of a public company. Unlike Mr. Casserta, Mr.
> Antar is as far as I know abbiding by that ban. Publishing articles
> on corporate fraud, and writting a blog is not a violation Mr. Antar's
> ban. If he so wishes, Mr. Casserta may also write a blog, or publish
> articles. He chooses instead to continue to act as a placement agent
> for a public company in violation of his life-time ban.
>
> By continuing to employ Mr. Casserta, even though they knew he was
> a barred for life by the SEC, Interoil Inc. also showed a willful
> disregard for securities laws. Further, they lied to the New York
> Times about Mr. Casserta's involvement witih the company. Mr. Antar
> showed in this article for the second time in a week, that Interoil
> has no problem hidding the truth from the public if that truth is
> embarrassing or negative.
>
> I also find it interesting that so many of Interoil's supporters
> are willing to chalk up these willful violations of the law to common
> errors. One poster in this forum suggested that having an old e-mail
> address on the server of a small-cap company is common. Another poster
> on the yahoo message board attributed, Interoil's false Reg D filling
> to "forgetting to fill out a form."
>
> These assertions are simply ridiculous. As a matter of security,
> all companies immediately remove the e-mail addresses of former employees
> upon seperation. Not doing so risks that the former employee may
> use his former address to inflict harm upon his former employer.
>
>
> Besides, even if we accept that this happens "accidently" from time
> to time, what are the chances that the one employee who's address
> Interoil forgot to remove from its server just so happened to also
> be its most infamous? Slim and none. Somehow we are supposed to believe
> that Interoil both "forgot to fill out a form", resulting in a false
> Reg-D, and forgot to remove from the server the e-mail address of
> a rogue ex-employee that it had supposedly fired.
>
> I see by shareholders unite's response that they are incapable of
> understanding the purpose of Mr. Antar's mention of them in his blog.
> Shareholders Unite spends its days making excuses for all of Interoil's
> misdeeds. In the blog post quoted he tries to minimize Mr. Casserta's
> involvement by first trying to falsely cast doubt on his lifetime
> ban, and then comparing violating securities laws to "chatting up
> his wife".
>
> In other posts on the yahoo message board, Shareholders Unite makes
> it clear that he thinks that Interoil's willful violation of securities
> laws isn't a big deal. He compares these transgressions to "an unpaid
> 20 year old traffic ticket", and says that he doesn't mind if Interoil
> "cuts a few corners", as long as it helps the comapny. I heartilly
> disagree.
>
> Securities Laws aren't just minor annoyances that can be broken at
> will and brushed aside. These laws are in place to protect investors
> from unscrupulous operators who seek to line their pockets at the
> public's expense. If it is acceptable to employ persons you know
> to be banned by the securities industry, and to knowingly file false
> Reg D's, then it must also be acceptable to knowingly file false
> numbers or to lie to investors about your future prospects.
>
> If these misdeeds aren't punnished how can we take any company's
> word for anything? Investing in public companies requires a public
> trust that investors know what risks they are taking have a realistic
> idea as to the possible rewards. If this trust is broken, then the
> whole capital market system breaks down.
>
> I call on the SEC to launch a full scale investigation of Interoil
> Inc. Since the company has proven that it cannot be trusted, it must
> now turn over all interal doccuments to law enforcement to prove
> that these are the only lies it has told. Only then, can the public
> trust that Intetroil violated have a chance of being restored. <br/>

Interoil Files False Reports With SEC, While John Thomas Financial Pumps

Please call the Washington DC office. I like visiting our nation's capitol.


On Jun 19 03:28 PM yardbird wrote:

> Sam, I did you a favor just like you are doing investors in the companies
> you attack. I reported you and your friend Barry, and Mr. Brown,
> to the SEC. I know what you are doing; I know the game you are playing;
> and now they know too.
>
> Good day.

Congrats to SA author Sam Antar who appeared on Fox Business today

Boaz:

Thank you.

Sam

Congrats to SA author Sam Antar who recently appeared on Fox Business

Thank you!