Thursday, August 20, 2015 4:21:30 PM
Here is a link to the blog - https://groovevc.wordpress.com/2015/08/20/open-letter-to-cvsls-sales-reps-employees/
Saw it mentioned on a Yahoo message board and I copied some of the commentary there. It is to Sales reps of Longaberger, Agel, Kleeneze, Your Inspiration at Home, Paperly, Project Home, Tomboy Tools and Uppercase Living. The gist of the letter is that the company has turned a corner, sales reps can see the numbers going up at each weekly meeting, but no Wall Street analysts cover CVSL so there is no one to tell investors that the issues the pushed it below $3 in the first place are not just solved, but the company is actually doing significantly better than it was when the stock was trading over $3. The letter tells them to buy CVSL shares so they can make capital gains on the stock while making monthly income selling the goods and services they offer. It also tells them to be sure to pass it along to the other sales reps at their meetings so that the coming gains in CVSL stock can create wealth for the people who are driving those gains - the sales reps
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If even 1/2 of the sales reps at CVSL bought 500 shares, it would equal an amount more than the entire public float of CVSL, because insiders own close to 70% of the shares. The entire public float is 11.8m shares, so you can do the math, but this makes a great deal of sense. If the shares are held in the "strong hands" of its sales force, there would not be sellers to push it down any more, it would start and keep rising and the sales people at CVSL would have no reason to jump ship and take their downlines/ contacts to other direct sales companies.
I would love to hear the thoughts of the CVSL sales reps on this board
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