WOW.....I didn't realize whackman carries that much clout. He better have the goods PROVING fraud tomorrow or have a bank of lawyers waiting in the wings. I will be holding through this mess and earnings.
Could be Ack is creating the best exit door he can before earnings and the FTC results come back. Icahn is probably letting him have his fun so that he will get out, or perhaps letting him drive the price down to make an LBO cost lower, or both. I don't put much credence in the latter, but think the former is more probable.
I agree with this...why would he hype this presentation up so much and not have anything to say....yes he could get out of his short at a better price but he'd look like such a fool if he didn't have any persuasive evidence....you think he would trade his entire reputation just so he could get 10% better price on one short position? He wants everyone to hear this presentation and sounds like he has whistleblower documents from HLF employees to back up his claims