Sam E. Antar

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

SEC Investigating Bidz.com Following Questions I Raised on Inventory Disclosures

Elvis39:

The issue is compliance with GAAP and SEC rules.

Sam

Is BIDZ.com Reporting Inventory in Compliance with GAAP?

Re: "Sam, there is a poster on the yahoo message boards stating you paid him to bash, and ticked him off so he is turning on you."

Please have that person send his allegations to:

Los Angeles Regional Office
Randall R. Lee, Regional Director
5670 Wilshire Boulevard, 11th Floor
Los Angeles, CA 90036-3648
[phone]
e-mail: [e-mail]

Please ask that person to tell Randall that Sammy says hello and gives him his regards.

Respectfully,

Sam E. Antar (a criminal mastermind from the 1980s)

Is BIDZ.com Reporting Inventory in Compliance with GAAP?

I am not long or short BIDZ.com and no one pays me to blog write about any company. The reason for my posting about BIDZ.com is because I felt like doing it.

Kindest regards,

Sam E. Antar (mug shot and finger prints on file with the FBI)

Is BIDZ.com Reporting Inventory in Compliance with GAAP?

My criminal past is no secret. There is a saying, "It takes one to know one." I am quite sure that BIDZ.com will respond to this blog post. However, they should in turn be ready for my reply.

Kindest regards to all,

Sam E. Antar (former Crazy Eddie CFO and a convicted felon)