Thursday, November 26, 2015 3:09:07 PM
In a conversation with CVSL head of Investor Relations, Tucker Gagen two days ago, I learned that a huge offshore short position has been discovered by an investigative firm hired by CVSL. The short totals 2.1 million shares and was established over the course of the past 45 days with an average px in the $1.50 range. The brokerage firm holding the short is a "bucket shop" in Salt Lake City.
The company is not aware of the logic or strategy of the short. In the words on one analyst, "this is impossibly good news for CVSL shareholders". There is now a future buyer of a huge number of shares. While the share price is bad, the business is good. The company is likely to post it's first profitable quarter in Q4 2015. Nothing succeeds in squeezing a short like success.
I have been a long term buyer of CVSL. The imminent possibility of an extreme share price spike makes me a short term buyer as well.
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