OSTK Overstock.com Call Update -Update-
Speaking about Herb Greenberg, says has written about 35 negative articles in past yr about NFI (a David Rocker short position); says Herb seem obsessed with him, but stopped in Feb; after Herb stopped, a blog was created by Jeff Mathews. OSTK's CEO says things the baton was passed. Now commenting on Camelback, which has reported about 58 negative reports. Says was told by someone that you can get Camelback to write negative reports two times a yr for $25,000; says Camelback called him and said the price is now $40,000... Says David Rocker edited reports and that he would tell Herb Greenberg and Camelback to hold off posting the reports for a few days so he could build position and that they would oblige.
08:46 OSTK Overstock.com: On call, CEO says with this action he is getting out of the biz of dealing with shorts -- handing it over to the lawyers (43.75 )
Believes OSTK has been damaged in the high hundreds of millions of dollars... Thinks the trail leads much farther, and some of the names that will come to light are much more widely known. Thinks that shorts serve healthy roll in the market and that most CEOs who standup against shorts are crooks... Says Bob O'Brien contacted him recently: He made 4 predictions: He said will have hatchet jobs done by Herb Greenberg, Camelback and some others and that a federal investigation would occur, as well as some other things: Says within a few weeks received calls from each of the people O'Brien suggested... Did in Feb became the subject of informal inquiry from SEC: says he's not supposed to know that -- says no obligation to report informal inquiry and certainly no obligation to report rumor of SEC investigation.
