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Opinions and views from expert CFOZone members.

Tag >> Patrick Byrne
Aug 09
2010

Just another CEO rebalancing his portfolio

Posted by Going Concern in Patrick ByrneOverstock.comCareers/ManagementC-level executives

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

Last we heard from Patrick Byrne, the Overstock.com CEO and Farmville enthusiast, he had just disposed of 140,000 shares of OSTK via High Plains Investments, LLC, an entity 100 percent owned by PB. This had a few people scratching their heads, including us.

Feb 06
2010

Overstock.com restating financials, still facing SEC probe

Posted by Going Concern in secrestatementsPatrick ByrneOverstock.comfinancial reportingenforcementcompliance

Going Concern

Submitted by Caleb Newquist, republished from Going Concern , Accounting News for Accountants and CFOs.

Well, then. This is all very awkward for Pat Byrne and Co.

In an 8-K filed late Thursday, Overstock.com announced that it would be restating the consolidated financial statements contained in its 2008 annual report, and the those contained in the company's last three 10-Q's: period ended March 31, 2009; June 30, 2009; and September 30, 2009 (unreviewed!).

It goes without saying that those financial statements can no longer be relied upon.



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