Robert Schmidt and Ben Bain
Bloomberg, 18 May 2020
If Overstock’s dividend plan proves successful, the implications for U.S. markets could be significant. More companies may decide to dabble in digital assets or add restrictions to their shares, especially if they find that doing so gives them more sway over their investors. On Wall Street, brokerage firms and exchanges are loath to see the launch of any security that raises the specter of a monopoly and could cut them out of trading and listing fees.
Robert – Great series on NSS. You should let President Trump know that Europe is ahead of the USA. Although the Wall Street gangs recently effectively lobbied a postponement. https://www.globalcustodian.
Forbes, 9 May 2006
An issue once relegated to conspiracy theorists and boiler-room insiders is about to get its 15 minutes in the sun when the Senate Judiciary Committee takes up naked short-selling in a hearing next Wednesday.
The hearing, which was postponed a week because of scheduling (and what was said to be overwhelming media interest), will focus on a brewing controversy that has already generated lawsuits against hedge funds, broker firms and research analysts alleging market manipulation in short-selling certain thinly traded stocks.
Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a “failure to deliver” (“FTD”). The transaction generally remains open until the shares are acquired by the seller, or the seller’s broker settles the trade.
BraveNewCoin, 23 April 2020
tZERO is Patrick Byrnes’ attempt to utilize blockchain technology to replace traditional institutional market structures.
Project Medici intends to create a blockchain-based securities exchange, and Byrne had stated that he was interested in listing Overstock securities on a blockchain-based exchange. The project was officially announced on October 6th at the Inside Bitcoins Las Vegas conference.
The long term goal was to compete with the Depository Trust and Clearing Corporation (DTCC).
Frank Cardona, 28 March 2020
Medici Ventures, a blockchain accelerator owned by internet retail company Overstock.com, announced a global expansion of agritech blockchain company GrainChain through a partnership with Symbiont’s enterprise blockchain network. Earlier this month, Medici Ventures announced it had purchased over $5 million in equity from GrainChain as part of an <$8.2 funding round for the project. Continue reading “Article: Overstock accelerator plots expansion of farming blockchain”
GLOBE NEWSWIRE, 06 March 2020
Overstock.com, Inc. (NASDAQ:OSTK) has announced that the company’s blockchain accelerator, Medici Ventures, has exercised a warrant to purchase an additional $5 million of equity in keiretsu company GrainChain to further grow its revolutionary agricultural blockchain platform. Medici Ventures is joining Eden Block and other investors in this latest round of funding for GrainChain, which resulted in $8.2 million in capital for the company. This follows Medici Ventures’ initial investment of $2.5 million in GrainChain, announced in December 2018.
GrainChain’s innovative platform enables faster payment and allows for the immediate availability of tradable commodities between buyers and farmers. Its blockchain-based infrastructure also reduces fraud and corruption through tracking and certification, and generally streamlines transactional procedures throughout the commodities supply chain. Continue reading “Article: Medici Ventures Purchases Additional Equity in GrainChain”
11 November 2019
Pomerantz LLP is investigating claims on behalf of investors of Overstock.com, Inc. (“Overstock” or the “Company”) ( OSTK). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Overstock and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Candid, 23 October 2019
The Dana-Farber Cancer Institute in Boston has announced a record $63 million gift from the Pan-Mass Challenge, an annual two-day cycling event that raises funds for adult and pediatric cancer research and patient care at Dana-Farber Continue reading “Article: Pan-Mass Challenge Raises Record $63 Million for Dana-Farber”
NewsCenter, 22 October 2019
The Pan-Mass Challenge announced their largest financial gift ever given to the Dana-Farber Cancer Institute. The record breaking $63 million check exceeds this year’s $60 million goal and brings the PMC’s 40 year fundraising total to $717 million.
The 40th Annual Pan-Mass Challenge bike-a-thon was held in early August, with the route going through Cape Cod all the way to Provincetown.
The PMC is the nation’s most successful single-event athletic fundraiser and donates 100 percent of every rider raised dollar to Dana-Farber, a world leader in adult and pediatric cancer treatment and research. Continue reading “Article: Pan-Mass Challenge Sets Record for Donations”
9 October 2019
Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Overstock.com, Inc. ( OSTK) from May 9, 2019 through September 23, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Overstock investors under the federal securities laws.
8 October 2019
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Overstock.com, Inc. (“Overstock” or the “Company”) (NASDAQ: OSTK) securities between May 9, 2019 and September 23, 2019, inclusive (the “Class Period”). Overstock investors have until November 26, 2019 to file a lead plaintiff motion.
IMPORTANT OVERSTOCK.COM, INC. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District for the District of Utah on behalf of shareholders of Overstock.com, Inc.
2 October 2019
Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal class action securities lawsuit has been filed in the United States District Court for the District of Utah on behalf of shareholders of Overstock.com, Inc. (“Overstock” or the “Company”) (NASDAQ: OSTK) who purchased shares between May 9, 2019, and September 23, 2019, inclusive (the “Class Period”).
Forbes, 30 September 2019
Recently, Patrick Byrne, The Founder And Longtime Ceo Of Former E-tailing Giant Overstock.com, Made Headlines By Resigning, Saying His Involvement As A Federal Informant In The Investigation Of Accused Russian Spy Maria Butina Made Performing His Duties Impossible. That’s Not The Whole Story. This Is. Continue reading “Article: The Fall Of Overstock’s Mad King”