Overstock May Raise Money through Stock Sale

Overstock registered with the SEC to issue up to $200 million in stock, warrants, or debt securities along with a prospectus, subject to completion. Unless otherwise indicated in a future prospectus supplement, the net proceeds would be used for general corporate purposes and working capital, including sales and marketing activities and inventory purchases. "The timing and amount of our actual expenditures will be based on many factors, including cash flows from operations and the anticipated needs of our business," according to the prospectus. "As a result, unless otherwise indicated in any prospectus supplement, our management will have broad discretion