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“Bodhi you have to be a disgruntled former shareholder.”
No, I don’t have to be anything. It serves no purpose to invent back stories like that out of thin air. Smarten up.
“Nobody gets this worked up over a company unless you sold at a loss.”
I'm not "worked up"; I'm perfectly calm. Again, stop speculating about me and instead focus on the details about the company, which you keep avoiding.
“And my apology was sincere. And it's fine that you won't accept it.”
I didn't accept it because it was obvious BS.
“You have not been the most civil person either.”
I feel no need to feign civility, as you do. Hypocrisy is intolerable.
“I believe I made a few personal attacks on you in prior posts, which I apologize for.”
I was all set to accept your apology, but the insincerity came shining through when you followed it up with this comment:
“Bodhi seemingly is thinking about it now. But my guess is he won't give an opinion on the value of the stock either. If they won't or can't, then it's all just a game they are playing.”
You seem to be incapable of not making this a personal issue. Focus on the stock, not what you think I may or may not think. Your question, although seemingly innocuous, is actually pretty vapid. Had you asked something like “do you think is a good investment” I would unequivocally answer in the negative. There’s been too much blatant dishonesty, too many shenanigans, too many examples of conduct that violates U.S. law, and too low trading volume (volatility) to ever consider this a sound investment.
From a moral perspective alone, investing in YGYI is unconscionable. They’re selling the equivalent of Tang to sick people and telling them it cures cancer. Aside from that, the fundamentals are horrible. Massively hyper-inflated PE ratio, minuscule sub-penny EPS, collapsing Russian economy, pyramid scheme business model, horrible acquisitions, laughably bad product portfolio, etc. The list of red flags never ends and the prospects are dismal. I wouldn't buy the stock at any price, and if I already held it, I would liquidate my holdings immediately without a second thought.
The only reason that you’re so obsessed with the stock is that you made the mistake of hitching your wagon to YGYI, but for those who aren’t affiliated with the company, there are literally hundreds of more attractive investment opportunities. You’re suffering from YGYI myopia.
From here on in, spare me the crocodile tears and fake apologies and just focus on the facts, if you can.
Thanks!. You too bud. Hang in there.
I might entertain some of your questions if you demonstrate good faith by admitting that the Solaris report, like those of Taglich and SeeThru Equity, is unreliable and essentially worthless.
"If the issue is not whether YOU "like" YGYI or not; than what's the point?"
The point is that it's not simply about vague personal likes and dislikes. It's about details and facts; you know, the stuff that you keep avoiding.
"There are more important things in the world to complain about than how a company operates."
Really? What you're saying is that on a YGYI stock message board, there are more important things to discuss than YGYI's stock? That's a dumb thing to say.
Are you having fun steering the discussion away from Solaris and that laughable report that YGYI paid $7K for?
The issue at hand is not whether or not I "like" YGYI; the issue is that YGYI paid Solaris $7K and in return got a report chock full of BS, inept analysis, and a completely unrealistic price target. It's an identical ploy to the last two reports that YGYI paid for from Taglich Brothers and SeeThru Equity, both of which missed the mark badly on their PPS predictions.
What do I disagree with in the Solaris report? Where to begin? Solaris claims that “Direct Selling Segment Entering a Fast Growth Era”, which is an utterly worthless statement. YGYI is a MLM company; not a direct sales company, so making any comparisons with trends (even if they were described accurately) in direct selling is pointless and misleading. In fact, the report doesn’t even mention the word multi-level marketing, which is blatantly deceptive. That omission is explainable by the fact that MLM has a horrid reputation and is a frequent target of regulatory agencies and class action lawsuits. Failure to divulge this risk factor is dishonest to say the least.
The report lauds YGYI’s product portfolio for its diversity, when in reality, the product portfolio is a scattershot collection of various inferior brands of junk that no one has ever heard of; cobbled together from YGYIs acquisition of various smaller MLM, which was done simply to acquire their distributor networks. Which brings us to another point about the instability of YGYI – distributor networks are not fixed assets and retention rates are traditionally terrible. It’s a safe prediction that in a year, YGYI will lose more than 50% of its distributors.
The report pumps up Joel Wallach as though he’s some kind of venerated scientist when nothing could be farther from the truth. He’s a quack naturopath, utterly lacking in credibility, who spends all his time traveling to Podunk towns doing the dog and pony show for YGYI (i.e., pitch meetings). He frequently pitches the products as miracle cures, in violation of the law, and is a net liability to shareholders.
The report anticipates international growth but fails to acknowledge that the key new market that YGYI allegedly penetrated (Russia) is going through economic collapse and isn’t expected to recover for another 3 years at least.
The report briefly mentions the competitive landscape but fails to provide details as to how YGYI is expected to capture market share from these other companies.
The peer group comparison calculations used to value the company were ridiculous and completely unreliable.
Let’s add to that the fact that Solaris has no track record or credibility (they won’t even have a functioning website until March); that YGYI paid them $7,000; that the PE ratio is an astonishing 80 (ridiculous for a company in this sector) and the EPS is under a penny; and that twice now YGYI has commissioned similarly rinky-dink analytics firms (Taglich and SeeThru Equity) to issue reports with wildly optimistic PPS predictions that didn’t come close to panning out.
"So all I can say is God bless you Bodhi S."
Why, did I sneeze? You could just say nothing; or maybe something about YGYI -- at least that would be relevant.
Why do you care why I care?
I read the disclosure page before I posted. The only pertinent information was that YGYI paid Solaris $7,000.
The Millenium Asset Management website mentions nothing about Youngevity, and Solaris' doesn't even have a functioning website.
Is this supposed to be impressive? It's not; it's sad.
Solaris Select? The company doesn't even have a functional website; it's under construction until March 2015.
http://www.solarisselect.com/
A Google search shows that there's no publicly available information about Solaris.
Why does YGYI scrape the bottom of the barrel with rinky dink analytic firms like this?
Do you really think they care about the coffee business? It's been a net profit loser since its inception, while all the profit is generated by the supplement MLM division. The company's bread and butter is selling the equivalent of Tang to cancer patients.
"But if you enjoy trashing people and a company for your own pleasure; that takes a certain kind of human with no empathy for his fellow man."
I simply explained what a 506D is to people who apparently didn't know better -- that's empathy. There's no need for histrionics on your part. Just stick to the facts.
"bod==I will lay you odds that the people in this co. will be putting a lot of money in506D. I am buying a little every day. I will see maybe I might put some money in 506D my self. I am not promoting any thing I am telling you what I am doing. I have not rec. the stock to anybody. What you do is your Problem not mind . I hope you don't lead the blind into the ditch."
You sure are a funny old codger. Still don't understand what a 506D is do you? Hysterical!
"Yes and your are the kid I am yelling at."
Ah, ok. So I was right then. You are just venting frustration. I can understand why it would be frustrating to promote the company on the basis of a 506 D filing without knowing what a 506 D filing means.
It's comical to watch the blind leading the blind on this board.
"|YOU ARE FULL OF CRAP==="
Care to elaborate or are you just venting frustration again; like the angry old man yelling at those kids to get off his darn lawn?
"It means the insiders are putting money in big time. I guess they know a deal when they see one."
It doesn't mean that at all. The company filed a Form D, which is an exempt offering of the company's stock to "accredited" (i.e., non-public) investors, under rule 506(b).
The company is providing no additional information about the offering, which is suspect, and it's unlikely to have any influence on the share price.
This is what Forbes had to say about 506 D offerings like this:
"Some commissioners have expressed concern the new provision could become a boon to boiler room operators, Ponzi schemers, bucket shops, and garden variety fraudsters, enabling them to cast a wider net and making securities law enforcement more difficult. The increased opportunity for fraudulent statements may make it more difficult for companies to prove that they are legitimate to investors."
"Not sure why I should help someone who distorts, confuses, and is ignorant of facts."
I'm not asking for your help doofus. You made a vague accusation that something I said was factually incorrect, but you don't want to bother pointing out what that inaccuracy was. That's totally OK by me. Makes you look rather silly though.
"I am not saying that. I don't care how many shares he buys."
Well you are in fact agreeing with me, because what I said was that Briskie's purchase of $3600 shares was meaningless.
So what you're saying then Rug is that you don't dispute the accuracy of what I wrote about Briskie's $3,600 purchase being meaningless. Glad we could get that much established at least.
Man, I can't even imagine how bad it must feel to be in your shoes -- a cheerleader for a dead penny stock. Ick!
"Rug===You are telling like is. ====Good post"
It was in fact a worthless post containing nothing of substance. Rug backed away from his earlier accusation that I had posted information that was factually incorrect and that I had made a "sin of omission". When I asked him to point out these alleged errors and omissions, he waffled, issuing this lame comeback instead:
"No one gives a rats ass what you can picture. Don't like the stock, don't invest in it."
That's pretty much par for the course for you pumpers isn't it?
“The folks who read the SEC filings and press releases closely, and follow the company while contacting management with questions know where your errors lie…You're just as anonymous as the rest of us, and you're opinion does not hold any greater weight than ours.”
I didn't express an opinion; I made a statement of fact, which you are saying was erroneous, and yet for some inexplicable reason you won’t back up that accusation with details.
What I said originally wasn't complicated: i.e., the token gesture of Briskie buying $3600 worth of shares is not a harbinger of good fortune; it’s meaningless. The premise is so incredibly straightforward that even one of YGYI’s distributor drones should be able to grasp it.
“We are perfectly happy investing in YGYI.”
Funny, I can picture tears of sorrow and regret streaming down your face while you wrote that.
"You hit the nail on the head. This guy is from outer space."
Don't let the truth scare you. Just go limp and take it.
"At least 3 factual errors in this post alone. Pretty impressive feat on your part. That does not even include one "sin of omission." You are not credible."
Errors and sins eh? And what would those be? Too much trouble for you to articulate?
"I really don't give a crap about what you think. I am buying."
Good. You deserve it. Buy a lot. Sink every dollar you have -- both of them.
“That is what we need some large investors. “
Oh is that all??? What a great strategy. How has that worked out for the past 5 years? Not one, despite plenty of pandering on the part of YGYI management.
“I can not believe that insiders are putting their money in a rat hole.”
Insiders already have a multimillion dollar stake in this rat hole. Briskie owns 70% of the 380,000,000 outstanding shares. Why is it hard to believe that he’d sink an extra $3600, especially given how it makes the naive pumpers bristle with excitement (over nothing). If he was purchasing a few million additional shares, that'd be another story, but to call a $3,600 purchase insignificant would be an understatement.
"Bod===I see you still have your head buried in the sand.GLTY"
Care to elaborate or are you just venting your frustration? I see things very clearly my friend. It's you who's blinded by rose colored glasses.
"Boy the insiders just keep on buying. I wonder what they know that we don't?"
An inane question. Briskie's latest transaction was for less than $3600.
“Dropping out of MLM would not even be a consideration. That would really slap the face of all their trusting distributors!”
The real slap in the face to distributors is the fact that 99% of them fail to make money. Ultimately though, the company is only responsible to its shareholders, not its poor gullible distributors (i.e. pyramid scheme participants).
“This has not been fun but they will get through this time if they stay focused! They are building a powerhouse and what they need now is a few large investors who share their vision.”
It’s not a question of focus or vision; it’s that the company’s business model: (a) can’t generate enough profit relative to the 380 million outstanding shares; and (b) has great potential to draw the wrath of regulatory agencies like the FDA and FTC, which would sink YGYI like a rock. These are the reasons YGYI can’t attract “a few large investors” – it’s a blatantly bad investment; huge risks with negligible upside potential.
YGYI would be dead in the water if they shifted out of the MLM arena. The company's 10K filing shows that MLM division generates the bulk of revenue and is the only profitable division. As it stands now, YGYI generates less than one cent in profit per share.
They made a deal with the devil and there's no turning back now.
It's more than mere complaints. The execs behind Energy Professionals (a bunch of crooked Scientologists) and AG Group are the same people who got creamed by the Attorney Generals Office in 2 states following class action lawsuits against Foreclosure Assistance Solutions for telemarketing fraud.
To make matters worse, in the past year or so Energy Professionals lost all of their executives, except the CEO, and half their marketing staff (boiler room call operators). Not only is this partnership a badge of shame, it's doomed to fail miserably.
Energy drinks would have made sense; jumping into the deregulated consumer energy sector does not. Nothing to be enthusiastic about with respect to the partnership with Energy Professionals; quite the contrary in fact.
YGYI has a bewilderingly disjointed array of product offerings: snakeoil remedies, women's dresses, coffee, and now energy. Better if they did one thing well rather than half a dozen things poorly.
Funny how the company makes a scandalously bad partnership like this and trolls pretend otherwise.
It’s bad news all the way. Read up on Matt Judkin, Herb Zurden, Scientology, AGR Group, and the Ohio and Texas Attorney General’s actions against Foreclosure Assistance Solutions.
YGYI is again getting involved in some very shady stuff. Bad risk implications for the stock.
I heard you the first time you said "ready to fly". What I'm disputing is the basis for the claim -- an insider purchasing at 9 cents a share doesn't suggest any such thing.
Briskie exercised options at 9 cents a share. By no stretch of the imagination does that signify that the stock is about to take off.
Hasn't it been ready to 'rock and roll' for about 4 years now? It has neither rocked nor rolled, and there's no reason to think that it ever will.
Junk article. Did the Youngevity pay for that? They should get their money back.
That video says it was from the "after show", so apparently it didn't air live.