Comments on: Blame the messenger: Overstock’s $3.5 billion suit http://overlawyered.com/2007/02/blame-the-messenger-overstocks-35-billion-suit/?utm_source=rss&utm_medium=rss&utm_campaign=blame-the-messenger-overstocks-35-billion-suit Chronicling the high cost of our legal system Sun, 27 May 2012 05:00:03 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Rick Caird http://overlawyered.com/2007/02/blame-the-messenger-overstocks-35-billion-suit/comment-page-1/#comment-5748 Rick Caird Mon, 05 Feb 2007 07:07:54 +0000 http://overlawyered.com/wpblog/?p=4485#comment-5748 Whether Byrne is a good or bad CEO is irrelevant to the naked short question and, more importantly, the failure to deliver. If I decided to actually buy Overstock stock, I expect to receive my shares for voting, dividends, and to resell when I wish. Naked shorting coupled with failure to deliver is a con job no different that trying to sell the Brooklyn Bridge. I am selling what I don't have and can't deliver. Please don't shoot the messenger and ignore the message. Rick Whether Byrne is a good or bad CEO is irrelevant to the naked short question and, more importantly, the failure to deliver. If I decided to actually buy Overstock stock, I expect to receive my shares for voting, dividends, and to resell when I wish.

Naked shorting coupled with failure to deliver is a con job no different that trying to sell the Brooklyn Bridge. I am selling what I don’t have and can’t deliver.

Please don’t shoot the messenger and ignore the message.

Rick

]]>