Sam E. Antar

Annals of News-Burying, Overstock Edition

Hi Felix: Here is the latest news after the Monday bell:

whitecollarfraud.blogs...

Grant Thornton says Overstock.com lied!

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...

Overstock.com's Q1 Financial Performance Aided by GAAP Violations

"I suggest the writer articulate his concern to the SEC Enf. Div on the on-line tip line with support for why you think the accounting is incorrect."

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

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.

Overstock.com Violates Accounting Rules in Q4 2008 Financial Report

Marcap:

Thank you. I notified the company and SEC of the departure from GAAP. Let's see how this plays out.

Sam

What Overstock Didn't Tell the SEC

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
[phone]
e-mail: [e-mail]
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

LJ:

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

Berstock:

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)

More Red Flags on Overstock's Earnings Report

Martin:

You have given me new leads to research.

Thank you.

Kindest regards,

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

More Red Flags on Overstock's Earnings Report

Msieber:

Overstock.com's buyback program is a waste of shareholder's money in the long run. The company never had a profitable year and has reported only two profitable quarters Q4 2002 and Q4 2004. Those quarters were based on non-GAAP revenues and the amount of reported profits in those quarters are suspect.

Berstock asks:

"Are they really as BAD as you claim?"

My response:
Patrick Byrne and his crew are a lot worse liars than I have detailed to date. You'll have to wait for future blog posts to find out.

Kindest regards,

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

More Red Flags on Overstock's Earnings Report

C: "It's disgusting how he almost takes pride in flaunting that he is a criminal."

I don't label myself as a convicted felon out of pride. I label myself as a convicted felon to disclose my background.

Kindest regards,

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