LBC

Bidz.com Stock Buybacks: A Wise Move?

Felons typically lose the right to vote. Maybe they should also lose the right to publish.

More Questions on BIDZ.com's Inventory Disclosures

Sam, you should make sure that your check from the short sellers clears before you write your next post. They are getting squeezed and will screw you over like the criminals they are when you no longer serve their purposes. But you should know all about criminal behavior by now...

Bidz Meets Market and Critics Head on at Citi Conference

Yes, so nice to see someone other than a scumbag short crony post on this stock. Shorts, ask yourself this: "Where exactly do you expect BIDZ to go after a 70% decline in the stock price since November?" You should all go start a bucket shop together and steal retirement money from grandmas and grandpas -- it's all you're good for.

Is BIDZ.com Reporting Inventory in Compliance with GAAP?

Sam, I think the question we all want you to answer is, "Why now?" It requires just a smidge too much imagination to believe that you all of a sudden just happened to be looking at BIDZ's financials one day and decided to do a little forensic accounting work. Please. Why don't you admit that the shorts paid you to write this up? You seem confident in your analysis and I won't argue with it (although I will argue that it doesn't matter to the stock). But me a man -- admit that you were paid to do this work. These shorts are desperate because the stock is impossible to borrow and the fundamentals of the company are too strong to ignore forever. They will throw everything but the kitchen sink to break this stock -- even dig up Crazy Eddie's cousin.

Is BIDZ.com Reporting Inventory in Compliance with GAAP?

In the 1980’s a New York electronics retailer named Eddie Antar, running a chain of discount electronics stores called, “Crazy Eddie,” perpetrated an enormous swindle. As a recent Fortune Magazine article put it, “The debacle cost investors roughly $145 million and involved just about every kind of accounting fraud then known to man, including receipt skimming, money laundering, and the counting of bogus inventory.” A key player in the swindle was the company’s CFO (and Eddie Antar’s cousin) Sam E. Antar.

Is BIDZ.com Reporting Inventory in Compliance with GAAP?

Several independent auditors have examined BIDZ's inventory over the last few months and OK'ed their valuation. Bank of America nearly doubled BIDZ's credit line based on the value of their inventory -- do you think they just took BIDZ's word for it? You are a convicted felon -- why would we ever take your word over that of BofA or these other independent auditors? You are also quite obviously on the shorts' payroll. They have maxed out on borrowable shares and are getting so desperate that they are throwing the kitchen sink at this stock.