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jb1967lbk

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jb1967lbk

Re: jimmym4 post# 250128

Wednesday, 04/30/2008 4:35:02 PM

Wednesday, April 30, 2008 4:35:02 PM

Post# of 358507
Right. Like they would have taken Urban in by now if they had anything on him, too.

The SEC is not done with Overstock.com yet. And there are a number of things that the SEC probably won't pursue against Skippy, like his outright lying about Overstock.com's working capital situation in January 2006, his comparing non-GAAP 20071Q financials to GAAP-compliant 20081Q financials, or previous claims he's made about Overstock.com being cash flow positive in past periods when, in fact, they were not.

However, when these activities come to light during discovery in this lawsuit, Gradient/Rocker are going to be seen as the parties who were right all along.

"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital

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