Sam Antar has been going over the SEC filings done by Overstock.com, including the 10-Ks and 10-Qs. They are “the gift that keeps on giving,” apparently.
Sam asks the following questions:
The Overstock.com 10-q for the quarter ended 03/31/07 contained this new additional disclosure:
“On May 17, 2006, Patrick Byrne also received a subpoena from the Securities and Exchange Commission, Salt Lake City District Office.”
Questions:
Why did Overstock.com wait to make that additional disclosure until its 10-Q for the 1st quarter of fiscal year 2007.
Why was such a disclosure about you receiving a subpoena from the SEC omitted from Overstock.com’s:
10-K for the fiscal year ended 12/31/06,
10-Q for the quarter ended 09/30/06,
10-Q for the quarter ended 06/30/06,
10-Q for the quarter ended 03/31/06 (filed on 05/10/06)
Other disclosures
Yes, Patrick, why are those disclosures omitted?
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