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Basically, Byrnes is looking like a duck, quacking like a duck, and swimming like a duck. I can't see the SEC sitting this one out. How soon until Overstock t
by bduerst 7y ago
Basically, Byrnes is looking like a duck, quacking like a duck, and swimming like a duck. I can't see the SEC sitting this one out.
How soon until Overstock throws Byrnes under the bus too? They made the decision to make the dividend tradable day 1, after Byrnes left, as more sane leadership took control.
Also, Adam Neumann took out a ton of private loans using private We stock as collateral. What happens if the IPO busts?
- tryitnow 7y agoI don't know. I honestly could see an argument that he's just not mentally stable, he may sincerely believe a lot of what he's saying and not trying to manipulate the market. His language and mannerisms remind me of a high functioning paranoid. He also just doesn't strike me as a criminal operator, more of a lunatic. I wonder what impact the mental capacity has on SEC charges?
- mrguyorama 7y agoI don't get how the author claims that removing the trade restriction on these digital shares removes the market manipulation angle. The short squeeze already happened! The market was already manipulated!
- bduerst 7y agoRight? That's precisely why I think the SEC is hiding in the duck blind, watching Byrnes unravel and waiting for the right moment to pull the trigger.
- ansible 7y agoI can understand that Overstock might claim that the market manipulation issue has been resolved by getting rid of the trade restriction. But I don't understand why anyone else would think so too.