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Overstock.com: No Change from Paper Stock Certificates for Shareholders


LowIQinvestor
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Interesting...

 

http://finance.yahoo.com/news/overstock-com-no-change-paper-171500969.html

 

"We understand that many banks prefer the paperless system of share certificates to traditional paper certificates. Many do so for their own purposes," said Patrick Byrne, CEO and chairman of Overstock.com.  "However convenient that may be for banks, we believe that shareholders, if they prefer, should have the option to hold their shares in paper certificate form. We also believe that legally, investors do have this right. Through our transfer agent services, we will continue to provide a paper certificate option to the shareholders who express that preference, and encourage investors to disbelieve and question those who tell them otherwise."

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Interesting...

 

http://finance.yahoo.com/news/overstock-com-no-change-paper-171500969.html

 

"We understand that many banks prefer the paperless system of share certificates to traditional paper certificates. Many do so for their own purposes," said Patrick Byrne, CEO and chairman of Overstock.com.  "However convenient that may be for banks, we believe that shareholders, if they prefer, should have the option to hold their shares in paper certificate form. We also believe that legally, investors do have this right. Through our transfer agent services, we will continue to provide a paper certificate option to the shareholders who express that preference, and encourage investors to disbelieve and question those who tell them otherwise."

Maybe tomorrow Byrne will get to the business of running overstock.

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Interesting...

 

http://finance.yahoo.com/news/overstock-com-no-change-paper-171500969.html

 

"We understand that many banks prefer the paperless system of share certificates to traditional paper certificates. Many do so for their own purposes," said Patrick Byrne, CEO and chairman of Overstock.com.  "However convenient that may be for banks, we believe that shareholders, if they prefer, should have the option to hold their shares in paper certificate form. We also believe that legally, investors do have this right. Through our transfer agent services, we will continue to provide a paper certificate option to the shareholders who express that preference, and encourage investors to disbelieve and question those who tell them otherwise."

Maybe tomorrow Byrne will get to the business of running overstock.

 

Have you checked the finanacials for the last two quarters?  I bet they are profitable for all four quarters in 2012...and will finish the year with $20M+ in net profits.  Cheers!

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Agree with Parsad - 2012 is shaping up to be a fantastic year. 2011, of course was disappointing....but (A_Hamilton) it's unfair to criticize Byrne for uneven short-term performance without giving him huge credit for building a solid business over the last 12 years. Taking a business from $0 to $1.2B in sales over 12 years is very impressive - let's see the forest through the trees. Glenn

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Agree with Parsad - 2012 is shaping up to be a fantastic year. 2011, of course was disappointing....but (A_Hamilton) it's unfair to criticize Byrne for uneven short-term performance without giving him huge credit for building a solid business over the last 12 years. Taking a business from $0 to $1.2B in sales over 12 years is very impressive - let's see the forest through the trees. Glenn

 

Hey Glenn,

 

Sorry, I was out of the office last week.  I'll give you a call Monday.  Cheers!

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