Patrick Byrne already owns 100% of overstock
See this quote:
If so - all he needs to do is insist on delivery. The shares will have to be delivered by brokers. If they are not he can just sue the brokers.
Q. Let's be honest. You know more than one billionaire, and you say that you, family, and friends already own an enormous piece of Overstock. Why not just avoid the hassles of the public market, give shareholders the $77-ish per share that your lawsuit suggests the stock is worth, and take it private?
A. We did. About 100% of the shares are owned by family, friends, and a handful of institutions (I don't know for sure). The problem is, there exists an additional 3%-70% of the company in electronically counterfeited shares scattered throughout the system. Why pay to buy up counterfeit shares?
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Now the Sith Lord wants to know why he is suing my underlings? Why not just sue Merrills or Morgan?
Or maybe Merrills and Morgan are the Master Manipulators - the initials are the same. Get it?
Sith Lord
If so - all he needs to do is insist on delivery. The shares will have to be delivered by brokers. If they are not he can just sue the brokers.
Q. Let's be honest. You know more than one billionaire, and you say that you, family, and friends already own an enormous piece of Overstock. Why not just avoid the hassles of the public market, give shareholders the $77-ish per share that your lawsuit suggests the stock is worth, and take it private?
A. We did. About 100% of the shares are owned by family, friends, and a handful of institutions (I don't know for sure). The problem is, there exists an additional 3%-70% of the company in electronically counterfeited shares scattered throughout the system. Why pay to buy up counterfeit shares?
---
Now the Sith Lord wants to know why he is suing my underlings? Why not just sue Merrills or Morgan?
Or maybe Merrills and Morgan are the Master Manipulators - the initials are the same. Get it?
Sith Lord
posted by Sith Lord at 3:43 PM
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