Resources
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- What Overstock.com Did Not Disclose About Latest Accounting Errors
- Sam E. Antar submits: Overstock.com’s OSTK recently announced restatements of prior financial reports dating back to 2003, caused greater material distortions of reported financial performance, than the company's management team has led investors to believe, in their comments made during the Q3 2008 earnings call. As I detailed in my last blog...
- External links 2008-11-03
- Why Medifast Should Replace Its Auditors
- Sam E. Antar submits: Convicted felon turned fraud fighter Barry Minkow, co-founder of Fraud Discovery Institute or FDI, issued a report citing potential independence and conflict of issue problems between Medifast Inc. (NYSE: MED) and their auditors, Bagell, Josephs, Levine & Company L.L.C. In addition, a recent Public Company...
- External links 2009-06-10
- Now, Questions About BIDZ.Com's Auditors
- Sam E. Antar submits: Bidz.com BIDZ should seriously consider replacing Stonefield Josephson Inc. as its auditors. According to a March 2007 Public Company Accounting Oversight Board (PCAOB) Inspection Report, Stonefield Josephson, Inc. was cited for significant deficiencies in five of thirteen audits reviewed or about 38.5% of audits sampled....
- External links 2009-06-25
- InterOil Offers Misleading Information About Questionable Employees to Investors
- Sam E. Antar submits: Documentation obtained by this blog shows that Carl Caserta, who in 1991 was barred by the Securities and Exchange Commission from “association with any broker, dealer, or investment advisor” still has an available, current, and active email address (carl.caserta@interoil.com) at InterOil IOC. Other documentation obtained...
- External links 2009-07-01
- If Insiders Are Unloading, Why Is BIDZ.Com Buying Back Shares?
- Sam E. Antar submits: For certain key Bidz.com BIDZ insiders it seems that diamonds are not forever as they continue selling shares, while the company buys back its stock, faces a Securities and Exchange Commission investigation into its accounting practices, and defends several lawsuits claiming securities and consumer fraud....
- External links 2009-07-07
- The Latest Overstock Shenanigans
- Sam E. Antar submits: Overstock.com OSTK, led by masquerading stock market reformer CEO Patrick Byrne, can’t seem to maintain proper internal controls for financial reporting. Just last Friday, Overstock.com disclosed that it improperly issued an extra 201,421 unregistered shares of common stock in connection with the company’s 401-K Plan....
- External links 2009-07-13
- The SEC Finally Reopens Overstock.com Inquiry
- Sam E. Antar submits: Last week, the Securities and Exchange Commission Enforcement Division took the unusual step of re-opening an investigation of financial reporting irregularities at Overstock.com (NASDAQ: OSTK) after dropping a previous investigation just fifteen months earlier in June 2008. The SEC re-opened its probe of Overstock.com in...
- External links 2009-09-23
- The Dilemma Facing Overstock.com's New Auditors
- Sam E. Antar submits: Apparently, Overstock.com (NASDAQ: OSTK) is going to stubbornly tough it out and force the Securities and Exchange Commission to take enforcement action to make its financial reports comply with Generally Accepted Accounting Principles (GAAP). The SEC re-opened its investigation of Overstock.com in response to a...
- External links 2009-10-26
- What Is Overstock's CEO Afraid Of?
- Sam E. Antar submits: Patrick Byrne is afraid to answer questions about Overstock.com's (NASDAQ: OSTK) continuous violations of Generally Accepted Accounting Principles (GAAP) and SEC disclosure rules. Because of those violations, Overstock.com's current financial reports cannot be accurately compared to reports in corresponding prior periods. In its latest Q3...
- External links 2009-11-04
- Advocates to Repeal Sarbanes-Oxley Forget Its Origins
- Sam E. Antar submits: A message to any Democrat, Republican, or Independent lawmaker who is thinking of abolishing or weakening the Sarbanes-Oxley Act of 2002. As a convicted felon, who committed his crimes in cold blood and with callous disregard for my victims, I will publicly endorse each and...
- External links 2009-11-08
- Overstock.com Misses SEC Deadline: Investors Beware
- Sam E. Antar submits: On Monday, Overstock.com (NASDAQ: OSTK) announced that it missed the Securities and Exchange Commission deadline for the filing its Q3 2009 financial report on time. The company disclosed: The registrant has been unable to complete its financial statements for the quarter ended September...
- External links 2009-11-11
- SEC Investigation of Bidz.com Heats Up
- Sam E. Antar submits: The Securities and Exchange has expanded its continuing investigation of Bidz.com (NASDAQ: BIDZ) to include the Company’s co-op marketing contributions and minimum gross profit guarantees. by Sam E. Antar
- External links 2009-11-11
- Children's Place in Violation of SEC Regulation G?
- Sam E. Antar submits: The Children’s Place (NASDAQ: PLCE) is violating Securities and Exchange Commission Regulation G governing non-GAAP financial measures in its financial reports. In its most recent earnings release for Q1 2009, Children’s Place reported a non-GAAP financial measure known as “Adjusted income from continuing operations net...
- External links 2009-06-05
- Is InterOil Selling Investors Hope?
- Sam E. Antar submits: InterOil Corp (NYSE: IOC) has no proven oil and gas reserves. They may not have any "commercially viable reserves" at all. However, those facts have not stopped Vice President of Investor Relations at InterOil Corp, Mr. Wayne Andrews from privately hyping that “we’ve got over...
- External links 2009-05-19
- Bidz.com Under Siege from Investigations and Lawsuits
- Sam E. Antar submits: Bidz.com (NASDAQ: BIDZ) which is already under investigation by the Securities and Exchange Commission into its inventory accounting practices and is being sued for alleged shill bidding on its web site, is now facing several class action lawsuits alleging securities fraud and a new investigation...
- External links 2009-05-14
- Overstock.com's New Disclosures Show Company Financial Reports Were a 'Joke'
- Sam E. Antar submits: Overstock.com’s (NASDAQ: OSTK) new amended financial reports filed on Monday, vindicates findings, first exposed in this blog, that the company violated Securities and Exchange Commission Regulation G governing non-GAAP disclosures, such as EBITDA and materially overstated its non-compliant EBITDA in financial reports dating back to...
- External links 2008-11-11
- Questioning Trimble's Share Repurchase Timing
- Sam E. Antar submits: In my last blog post about convicted felon turned fraud fighter Barry Minkow’s expose of corporate officers and directors misrepresenting their resumes, I closed with the following comment, “As a convicted felon, I have learned that where there is smoke there is usually fire.” In...
- External links 2008-11-17
- Overstock.com's Obfuscations
- Sam E. Antar submits: In this post, I will detail how certain members of Overstock.com's (NASDAQ: OSTK) unprincipled management team conned investors into believing that the company's non-compliant EBITDA disclosures were in compliance with Securities and Exchange Commission Regulation G, governing non-GAAP disclosures. I believe that Overstock.com's non-compliant EBITDA...
- External links 2008-11-24
- Overstock.com Violates Accounting Rules in Q4 2008 Financial Report
- Sam E. Antar submits: Last Friday, Overstock.com (NASDAQ: OSTK) reported a fourth quarter 2008 net profit of $1 million dollars. CEO Patrick Byrne proudly told investors, "After a tough three years, returning to GAAP profitability is a relief." However, Overstock.com's "returning to GAAP profitability" was simply accomplished by the...
- External links 2009-02-05
- Overstock.com Refuses to Correct GAAP Violations in Latest Financial Report
- Sam E. Antar submits: So far, Overstock.com (NASDAQ: OSTK) has stubbornly refused to correct recent Q4 2008 GAAP violations, exposed last week by this blog that allowed the company to improperly report a $1 million profit, rather than an $800,000 net loss. Instead on last Friday, Overstock.com CEO Patrick...
- External links 2009-02-10
- << Previous
- page 1 of 2
- Next >>
