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Herbalife Ltd. Message Board

  • willwinsc willwinsc Feb 20, 2013 1:09 PM Flag

    SEC/Pyramid Scheme

    I am not a major holder, but would love to see a squeeze_That being said, some thoughts on this:
    1. Just because someone charges what is essentially a membership fee to buy products does not mean it is a Pyramid: Costco, Sams Club charge memberships: I personally have renewed my membership and have had years where i only spent $500 dollars-Is that a Pyramid? How about 24 Hr Fitness-How many people have spent hundreds to become "members" and never use the Gym. They consistentloy recruit new members and offer refferal bonuses.
    2. If MGMT. was so concerned about this, why disclose the numbers-
    3. There updated plans for reporting numbers seem to be designed toanswer questions from the SEC regarding financial disclosure-They did it.
    4. Why do they owe Ackman any answers to their questions-He is short, not buying shares, but trying to depress them. It seems to me that they are making move to be more transparent including reclassifying the title of distributors who use product and do not sell it.

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