Comments on: Blame the messenger: Overstock’s $3.5 billion suit http://overlawyered.com/2007/02/blame-the-messenger-overstocks-35-billion-suit/ Chronicling the high cost of our legal system Tue, 14 Feb 2012 16:26:11 -0500 http://wordpress.org/?v=2.8.4 hourly 1 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

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