If FTC is looking at China operations (which I see no reason why it would), then I wonder what if any dirt they have found on HLF US operations. My guess is squat. It has been over a year and no charges, claims or anything has materialized. Why?? Because HLF is perfectly legal and legitimate. OK, so its MLM business model does not result in making millionaires out of most distributors. Same goes with any corporation in the world? What corporation can boast a vast majority of their employees as millionaires?
FTC will vindicate HLF plain and simple. They may fine HLF a little to save face more than anything. Once FTC rules in favor of HLF, all of the other investigations by SEC, DOJ, FBI, state attorney generals will be end right on the spot as who is going to continue their investigation after HLF has been judged by FTC.
Game over for shorts is coming.
Each week Ackman goes on TV, sends out a press release or makes some false disparaging statement to media in a very desperate attempt to drive PPS down. He succeeds to a certain extent but PPS always rebounds. In a way, he makes trading HLF relatively easy for short term traders. However, each time he opens his mouth and his lies are exposed, he loses credibility and his desperation shows. Ackman is definitely sweating over HLF and its imminent vindication. If he has the balls to hold until FTC makes announcement (which is prob will), he will be done. His fund will go under as he would be the biggest loser on Wall Street
Where did you hear about pending settlement? Lawsuits can take years so I'm not sure how long this will take to come to fruition. Then accounting firm will likely appeal if not settle out of court and drag out case further.
I say stock will double on 20-30M volume and 100 is not out of the question
Ackman is too emotionally involved, stubborn and arrogant to cover at a loss. He will take this to the end and be forced to cover in triple digits as his paper losses add up exponentially. At 100 plus, he will feel pressure from media, investors, and rest of wall st to cover and move on. When redemptions start to kick in he won't have much of a choice but to start covering.
Flute is one of the posters I can trust and believe is. He speaks the truth, does not lie or exaggerate and is about as open and honest as a poster can be. If Flute makes claims, you can trust that he will back up his claims and can verify them. I look forward to his next 18000 posts.
Ackman spends $75M in last two years trying to take HLF down by regulatory investigation and shutdown and look at who is being investigated now by FBI and FTC? I guess we have heard the last of bashing by Ackman and his paid journalists. Put this criminal in jail, exonerate HLF and let it get back to business. This process may take a few years but in long run, HLF should be back to new highs.