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Posted On: 01/24/2018 5:14:32 PM
Post# of 96881
Everyone should read up on what happened to Overstock.com. They went through this same thing and the hedge funds did everything in their power to drive them out of business. To make a long story short, Overstock eventually sued in court and won. Part of the settlement was that the major culprit had to give Overstock their financial numbers on how much of their profits were coming from this type of operation. The overstock CEO said he was floored by the numbers. He thought it would be 10% of their business, at most. It turned out to be over 50% of their yearly profits were from this supposedly illegal apparatus.
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