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Quoth the Raven  

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  • Does Shareholder Lawsuit's Failure Vindicate Herbalife? [View article]
    This piece nails it - brilliant work.
    Mar 19, 2015. 03:31 PM | 18 Likes Like |Link to Comment
  • An Open Letter To Ann Weismann: Why Is CREW Writing Letters To Congress? [View article]
    And I'm noting in MY memo that I think you're 100% wrong.
    Mar 19, 2015. 02:58 PM | 9 Likes Like |Link to Comment
  • An Open Letter To Ann Weismann: Why Is CREW Writing Letters To Congress? [View article]
    Pretty sure it's THREE fingers that point back, oh-so-intelligent one.

    Goes to great lengths to speak to the type of due diligence you do, when you could have easily assessed the correct expression simply from looking down at your own hand.
    Mar 19, 2015. 02:56 PM | 4 Likes Like |Link to Comment
  • An Open Letter To Ann Weismann: Why Is CREW Writing Letters To Congress? [View article]
    For the last time, I have NEVER worked for ANYONE related to Pershing or Pershing themselves, NOR have I EVER received any money from Pershing or any other entity associated with them.

    Believe it or not, there are actual citizens that are simply critical of the company because it's a scam.

    Last time I'm going to say it, and you can take it to all the bank. I will tell that story and EVERYTHING else I have to say about HLF to ANY regulator at any time, so make sure to send in tons of complaints about me. I've been trying to get in front of a regulator to explain the HLF fraud for 2 years now but have had to settle for sending letters to them, and congress.
    Mar 19, 2015. 02:54 PM | 17 Likes Like |Link to Comment
  • An Open Letter To Ann Weismann: Why Is CREW Writing Letters To Congress? [View article]
    You clearly have:

    1. not read the judge's dismissal.
    2. no clue what that lawsuit was about.
    3. missed the point that it wasn't "Ackman's" evidence that got it dismissed.
    Mar 19, 2015. 02:04 PM | 13 Likes Like |Link to Comment
  • An Open Letter To Ann Weismann: Why Is CREW Writing Letters To Congress? [View article]
    The notion that market manipulation is taking place because people wrote letters to the government is ludicrous.

    Again I have to ask - how is it NOT market manipulation when HLF goes from $30 to $83 and now that the business is crumbling on its FUNDAMENTALS, it all of a sudden IS market manipulation? Where's the investigation into Icahn, Soros, Druckenmiller, Bass, Loeb, Hempton, Chapman and "others" who conveniently all tried to squeeze Ackman together?

    HLF rallied on two COMPLETE headline fallacies in the last two days:

    1. That the dismissed lawsuit had anything to do with determining if Herbalife was a pyramid scheme or not - it did not, despite the headline "Herbalife Gets Pyramid Scheme Lawsuit Thrown Out". It's completely irresponsible to use that headline when dealing with an investor suit over 350 shares that holds no bearing and that no one had heard of up until yesterday.

    2. People think Ackman is being probed for market manipulation. More irresponsible headlines - he is not, NOR is Global Strategy Group. The question is whether or not a hairdresser from CT remembers signing a letter and/or signed it at all. Nothing directed by Ackman, and likely nothing that will have anything to do with it. The grand jury language is standard practice on a subpoena, according to lawyers I've corresponded with - there's generally a "standing" grand jury from what I understand.

    So the public sees, this week:

    "Herbalife Gets Pyramid Scheme Lawsuit Thrown Out"
    and
    "Grand Jury Convened in Ackman Manipulation Case"

    Totally irresponsible. Read the judges decision and the details of the "manipulation" story. Tacking $300+ million onto HLF's market cap for these two things is hilarious. Meanwhile, the company's actual earnings and business continues to deteriorate.

    This is the U.S. - whether you're a short seller or a prisoner in jail for life for murder - you have the right to write letters to your government representatives.

    I wrote letters – upwards of 50 of them, to be exact – in order to express my concern for this pyramid scheme continuing to not only pillage those worldwide, but specifically those in the U.S.

    Ignoring shorts screaming fraud can be a costly lesson in ignorance (NQ Mobile, Puda Coal, Markopolis, etc).

    Looking through the exhibits that CREW posted, it’s clear that Sullivan & Cromwell has an ongoing dialogue with regulators where they point out, with granularity and specifics, how Herbalife is a pyramid scheme. An added bonus was one of the FOIA’d e-mails which claims that HLF’s very own motion for dismissal in the Bostick case proves them to be a pyramid scheme.

    Oh, look, Peter Van Der Nat was addressed on some e-mails too. Interesting.

    So arguably the best lawfirm in the country has been having frequent e-mail correspondence with FTC attorneys regarding why this is a pyramid scheme? Hmm, tough one, but my money is going to stay short here.

    How’s that for your all-time backfires?
    Mar 19, 2015. 01:43 PM | 24 Likes Like |Link to Comment
  • Consumer advocacy group takes exception to proposed Herbalife class-action settlement [View news story]
    This company has run the biggest pyramid scheme in history for over 30 years. It has consistently recruited and built its business on “get rich quick” lies tethered to false (and potentially dangerous) claims about what the company’s products can do. It has actually been argued that being an HLF distributor can both make you a millionaire, and help you cure brain tumors by consuming the product.

    Nice company, right?

    I have a feeling this amicus brief filed is going to be the first of a few. The agreement to settle, made so quickly (likely so the lawyers could cash their checks) and for such a paltry sum, completely degrades the integrity of our legal system by ignoring the magnitude of this case and the millions of people that have been harmed by this company.
    The brief lays out many items that were ignored in the settlement and have yet to be addressed:
    1. HLF’s shipping and handling fee scheme
    2. The fact that the company is a pyramid scheme
    3. 35 years of false and misleading advertising

    Also, note the declaration at the end of the brief by Mr. Bill Keep who is, reminder, one of two regulatory enlisted experts on pyramid schemes. The other expert is former FTC senior economist Dr. Peter Van Der Nat, who is currently serving as a consultant to the SEC, one of the many regulators looking at Herbalife.

    I’ll let you guys figure it out and make your guesses from this point.
    Mar 17, 2015. 12:42 PM | 15 Likes Like |Link to Comment
  • Ackman-hired PA firm says it is not the focus of a federal probe [View news story]
    From your comment, it's evident that you possess a crystal clear fundamental failure to understand how public markets work, as well as the boundaries of the law and the legality and pertinent securities laws surrounding this case.

    Congratulations.
    Mar 13, 2015. 03:27 PM | 4 Likes Like |Link to Comment
  • Ackman-hired PA firm says it is not the focus of a federal probe [View news story]
    Oops. Wonder where the "real" manipulation is coming from?

    1. Who were the sources for the WSJ story?

    2. How is that story any different than the already existing "manipulation" story that Gasparino broke on January 9th?

    3. Had the story been "shopped" to the NYT and Reuters, who both passed on it, according to Ackman?

    4. How did Herbalife have a PR ready and through legal within an hour of the news breaking?

    5. Did anyone notice the collusion by fund managers to catalyze a squeeze the first two years of this investment? Is it not manipulation when Ackman loses over 100% on his short, but it IS manipulation when the stock comes down as the business implodes - even without regulator action?

    6. Did anyone notice that on FBN today Ackman said that Doran Andry, founders circle member, is selling his house and has a tax lien against him?

    7. Did anyone notice that on FBN today Ackman said that Herbalife cancelled a meeting that they were supposed to have for a tour of the business with its compliance officer this coming Monday?

    8. Did anyone noticed a former SEC lawyer say after Ackman's interview on Fox Business that "market manipulation isn't what's going on here" and that probes are "standard practice" for both sides of an inquiry?
    Mar 13, 2015. 01:47 PM | 21 Likes Like |Link to Comment
  • Herbalife +5%; Feds reportedly interview Ackman hires in manipulation probe [View news story]
    He's probably just committed to what he sees as the truth, and then just writes as such.
    Mar 12, 2015. 09:08 PM | 11 Likes Like |Link to Comment
  • Herbalife +5%; Feds reportedly interview Ackman hires in manipulation probe [View news story]
    Don't forget the other 10-20 contributors who think HLF is an illegal enterprise! LOL
    Mar 12, 2015. 09:07 PM | 10 Likes Like |Link to Comment
  • Herbalife +5%; Feds reportedly interview Ackman hires in manipulation probe [View news story]
    Not hiding. The Feds know where I am if they want to chat, and I'm always up for talking HLF :)
    Mar 12, 2015. 09:06 PM | 14 Likes Like |Link to Comment
  • Herbalife +5%; Feds reportedly interview Ackman hires in manipulation probe [View news story]
    I don't live in Canada, genius.
    Mar 12, 2015. 09:04 PM | 10 Likes Like |Link to Comment
  • Herbalife +5%; Feds reportedly interview Ackman hires in manipulation probe [View news story]
    Hi, friends! Here I am. No I haven't been contacted, but I'd love if I was. I have a lot to say about Herbalife. Cheers!
    Mar 12, 2015. 09:03 PM | 17 Likes Like |Link to Comment
  • A Hardwood Flooring Insider's Take On Lumber Liquidators [View article]
    Interesting perspective, thanks for taking the time to put it down for us.
    Mar 11, 2015. 09:11 AM | 37 Likes Like |Link to Comment
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