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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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From: Patchie11/12/2007 10:48:30 AM
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More Double speak...

Cooper River's countersuit alleges that Byrne and his cohorts engaged in stock market manipulation and attempted to have the SEC investigate both Copper River and Gradient on false charges. This should be an interesting one as Overstock merely has to inquire on how many complaints Rocker submitted to the SEC where an announcement was made and where no findings of wrong doing took place. If filing a complaint is false and misleading than Rocker may find himself in line for numerous lawsuits. LOL According to Copper River's countersuit:

Overstock, Byrne, the company's other officers and directors, and other persons acting in concert with them....

e. orchestrated illegal "short squeezes" in order to inflate the price of its stock and injure investors with short positions in the stock;'

f. brought this lawsuit premised on assertions of fact that Overstock, Byrne, and the Director Defendants knew to be false and supported those false allegations with a perjured affidavit of a former Gradient employee elicited by Overstock, Byrne, and the Director Defendants;

g. made false allegations of fact and provided false and misleading documents to the Securities and Exchange Commission to convince the SEC to open an unwarranted investigation of the independent stock research firm Gradient Analytics, Inc. ("Gradient") and to subpoena Copper River and Overstock's critics in the financial press (which investigation was closed with no enforcement action, no findings of wrongdoing, and the issuance of a "no action" letter by the SEC);

h. publicly misrepresented the investigation of Gradient, as well as the SEC's continuing investigation of Overstock itself, as an indication of wrongdoing by Copper River and its principals.
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