Now, Questions About BIDZ.Com's Auditors [View article]
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.
InterOil Offers Misleading Information About Questionable Employees to Investors [View article]
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/>
Overstock.com Director James V. Joyce Bolts, Receives Huge Questionable Exit Payment [View article]
Excellent point.
On Apr 02 11:18 AM raytayzmd wrote:
> ...Joyce appeared to be just one of the CEO's buds per: > > garyweiss.blogspot.com... > > > ...which merely confirms my personal belief that boards of directors > are nothing more than social networks for pay and either should be > eliminated or held to extremely high standards of accountability.
Dear Mr. President-Elect: Advice on Combating White-Collar Crime from a Convicted Felon [View article]
Correction:
"Oh I get it, we need a crook to catch crooks! In other words, your past felony level (which you seem proud of as if it were a merit badge) scumbag disregard for law and the rest of societal values make you UNIQUELY qualified for a high paying consultancy position in gov't right?"
I don't charge the government for my consulting work. As to your other points, there is a saying "it takes one to know one."
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)
Dear Mr. President-Elect: Advice on Combating White-Collar Crime from a Convicted Felon [View article]
"Oh I get it, we need a crook to catch crooks! In other words, your past felony level (which you seem proud of as if it were a merit badge) scumbag disregard for law and the rest of societal values make you UNIQUELY qualified for a high paying consultancy position in gov't right?"
I don't charge the government for consulting my work. As to your other points, there is a saying "it takes one to know one."
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)
Dear Mr. President-Elect: Advice on Combating White-Collar Crime from a Convicted Felon [View article]
As a general comment to all your feedback, white collar crime will always be around since every person lives with sin and temptation. White collar crime is either more noticed or less noticed but is always there. Most white collar crimes are flushed out as the economy weakens, since it is harder to sustain such crimes. I thank you all for your comments.
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)
Dave Patch (who has received legal assistance courtesy of Overstock.com CEO Patrick Byrne and hid that fact) writes, "I hope the Fed's come knocking on your door."
Let me assist you and provide you with contact information for the SEC:
Salt Lake Regional Office Kenneth D. Israel, Jr., Regional Director 15 W. South Temple Street Suite 1800 Salt Lake City, UT 84101 (801) 524-5796 e-mail: saltlake@sec.gov State jurisdiction: Utah
Please give Ken Israel my warmest regards.
Kindest regards,
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)
The Latest Overstock Shenanigans [View article]
Now, Questions About BIDZ.Com's Auditors [View article]
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.
InterOil Offers Misleading Information About Questionable Employees to Investors [View article]
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/>
Overstock.com's Q1 Financial Performance Aided by GAAP Violations [View article]
I send my blog posts and other information to the Securities and Exchange Commission and Joseph J. Tabacco Jr (Overstock.com Audit Committee member).
The ball is in their court.
Regards,
Sam
Overstock.com Director James V. Joyce Bolts, Receives Huge Questionable Exit Payment [View article]
On Apr 02 11:18 AM raytayzmd wrote:
> ...Joyce appeared to be just one of the CEO's buds per:
>
> garyweiss.blogspot.com...
>
>
> ...which merely confirms my personal belief that boards of directors
> are nothing more than social networks for pay and either should be
> eliminated or held to extremely high standards of accountability.
SEC Investigating Bidz.com Following Questions I Raised on Inventory Disclosures [View article]
The issue is compliance with GAAP and SEC rules.
Sam
Broadcom and Microsemi Execs Fingered by Fraud Hunter [View article]
Thank you for your input. The situation is far from over. Minkow posted a video on YouTube:
www.youtube.com/watch?...
Dear Mr. President-Elect: Advice on Combating White-Collar Crime from a Convicted Felon [View article]
"Oh I get it, we need a crook to catch crooks! In other words, your past felony level (which you seem proud of as if it were a merit badge) scumbag disregard for law and the rest of societal values make you UNIQUELY qualified for a high paying consultancy position in gov't right?"
I don't charge the government for my consulting work. As to your other points, there is a saying "it takes one to know one."
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)
Dear Mr. President-Elect: Advice on Combating White-Collar Crime from a Convicted Felon [View article]
I don't charge the government for consulting my work. As to your other points, there is a saying "it takes one to know one."
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)
Researcher Finds Phony Credentials for Eight Executives [View article]
Dear Mr. President-Elect: Advice on Combating White-Collar Crime from a Convicted Felon [View article]
Please check this out: www.sec.gov/rules/fina...
Sam
Dear Mr. President-Elect: Advice on Combating White-Collar Crime from a Convicted Felon [View article]
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)
What Overstock Didn't Tell the SEC [View article]
Let me assist you and provide you with contact information for the SEC:
Salt Lake Regional Office
Kenneth D. Israel, Jr., Regional Director
15 W. South Temple Street
Suite 1800
Salt Lake City, UT 84101
(801) 524-5796
e-mail: saltlake@sec.gov
State jurisdiction: Utah
Please give Ken Israel my warmest regards.
Kindest regards,
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)
Patrick Byrne’s Hype versus Overstock.com’s Financial Performance [View article]
I wonder how the following NY Times article impacts Overstock.com's revenue projections:
bits.blogs.nytimes.com...
Regards,
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)
Patrick Byrne’s Hype versus Overstock.com’s Financial Performance [View article]
I have some questions for you to test your financial acumen:
When a company earns more than analyst’s expectations I understand that it is considered a positive surprise.
Questions:
When a company loses more than analyst’s expectations, is it a positive surprise, too?
When a company loses less than analyst’s expectations, is it a negative surprise?
Kindest regards,
Sam E. Antar (former Crazy Eddie CFO and a convicted felon)