Betting on ZeroDVD - 2017
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Herbalife is up much more in pre-market. Why are they up so much? 'cause carl icahn, the famed hedge fund trader Has taken out a big stake in the company. Why has he done that? It kind of seems like he's done it pretty much 'cause he hates bill ackman.
On Dec 21, 2016 Donald Trump named Carl lcahn special advisor to the president on regulatory reform
Ackman: People on wall street, it seems, Don't really care whether or not
The company is a pyramid scheme. All they really care about Is the stock price in the short term.
Michael johnson: First of all, guys, This isn't about herbalife's business model. This is about bill ackman's business model. This is blatant market manipulation. We're not a pyramid scheme. That's a bogus accusation. This is a legitimate company. We've been in business 32 years. Millions of customers around the world. Mr. Ackman's proposition That the United States will be better when herbalife is gone... The United States will be better when bill ackman's gone.
The ftc has charged herbalife With deceiving hundreds of thousands of hopeful people, who saw herbalife's promotional campaigns in english and in spanish, and signed on for what they thought was a legitimate and lucrative business opportunity. The ftc has charged that this wasn't true. That the dream portrayed by herbalife was an illusion. The vast majority of
herbalife distributors found they could make little or no money selling herbalife products. People who leased space to open a nutrition club and worked long hours, made no money, or lost money. The small minority of
herbalife distributors who did make a lot of money were paid by herbalife,
not for selling the company's products, but for buying the products themselves, and then successfully recruiting large networks of others to do the same. ...
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