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A reverse split has to be on the table.
And last April they they said as much, although it was not in the plan at the time.
But it could be if they choose to do so at any time.
Briskie said, "never say never."
So if the stock does not respond I think it will happen eventually.
It has been 3 years now since I have been following the company and in 3 years the stock has not moved up.
Three years!
I believe they are thinking about it, if not talking about it.
They left a reverse split wide open for use after the April 1st 2013 conference call. Listen to it.
While they said at the time there were no plans in the foreseeable future, Briskie also said "you can never say never."
The CFO also said a reverse split can be done without hurting shareholders, even though the company did a reverse split in 2011 that did hurt them.
Then on the call Briskie talked about an example of a good reverse split with a number of key factors that would be necessary at the time before the company would do one. He called it a "perfect storm," which included a listing on a "major exchange."
So while they had no plans at the time, management, just by discussing it, left a reverse split on the table.
Maybe that is one reason Rochon left the BOD to start his own company and then began selling his shares in YGYI. Rochon is not a proponent of a reverse split. He claims he would never do a reverse spit with the company he now runs, CVSL.
But who knows for sure.
One thing i do know is that last April, Briskie said, "never say never" and then talked in depth about how it could be done successfully.
So I do believe in my opinion, if the stock continues to do nothing, they may have to so on the advice of potential "new money."
Ask is at 44 cents. How much cheaper do you want it?
There ya go take it.
Gotta be a deal here if you think it's going to 70 cents.
Lotta talk, but not a lot of buyers.
They are begging you to buy their shares cheap, but no one here has the balls to buy. (or the cash?)
Quite a few posts considering nothing is going on.
The ask just droped to 45 cents on 10 thousand shares.
So far zero volume.
Does not look like much near term upside.
Lotta talk but no results.
We'll see.
They have it as an option even if they are not currently serious about it.
Three investment conferences with nothing to show for it.
I would seriously take another look at the stock, and buy back some of the shares I sold if the market reaction was positive.
I think the stock would double faster from $2 to $4, than it will from 20 cents to 40 cents.
I think the market is telling them to do another reverse split.
They are not buying a 20 cent stock with almost 400 million shares outstanding.
At a minimum of one-for-10, to get this to a 2 dollar stock.
But most importantly, to reduce the share count to around 39 million.
It would make it a more attractive investment for new money.
Wallach might have no other choice if he wants to rapidly grow the company.
Doing nothing or just languishing and making tiny deals mean nothing in the short term.
I would not be surprised if he is gettng that kind of advice.
Is he still resistant to a reverse split?
The CFO Dave Briskie, if I recall correctly, discussed it briefly on a conference call last year, talking about the kind of reverse split that in theory would work.
But at the time management was not contemplating one.
Would they rethink it if the stock continues on it's current course?
As it stands now. The stock is not working.
Should see the 4th qtr report in the next 7 to 10 days.
The CC could be entertaining.
I don't see how any of the 3 investor conferences they attended produced any new shareholders.
I anticipate the CEO will be as rambling and incoherant as ever.
He does not inspire my confidence.
I don't think higher raw material costs (coffee beans) is good for CLR roasters.
When a company looks like it is doing well and investors still don't buy the stock, it points directly at a lack of confidence in management.
Wallach and his dominant ownership position is keeping money out of the stock.
He needs to return most of his shares to the treasury and then use treasury stock to make deals.
His ownership stake at about 72% does not help the company's cause.
And it just does not pay to be and MLM these days. To much regulatory risk.
The only thing that could help attract investors is if the coffee division ever takes off.
That is my opinion.
CLR Roasters will have to announce at least one contract a month to prove skeptics wrong.
They really screwed up the last half of 2013.
Show us the money or shut up.
Another thing that bugs me about Wallach. With the reverse merger he had 280 million shares, and now through options, he acquired an additional 1.25 million shares. Really? He owns 72% of the company and needs another 1,250,000 shares? And an option for 1.25 million more?
What kind of shareholder value did he create to compensate himself and others so egregiously?
At the beginning of 2012 there were 385 million shares outstanding and now there are about 388 million shares outstanding.
I don't see the share count going down. It has only gone up under Mr. Wallach's tenure.
Another reason why there are no buyers of the stock even after these recent investment trade shows.
Can you blame Rochon for selling?
I hope you are right. While I sold a large portion, I still own a siginificant amount.
I may even buy back some of those shares if appropriate.
Now a PR with some numbers. What a novel concept.
They need to announce more like the one today, to prove they finally have their act together.
2013 proved the ineffectiveness and waste of resources that the stock buy-back was.
What minimal amount of shares they bought back did not affect the number of shares outstanding to any degree, thus the valuation, but more importantly, it did it affect the stock price in any positive way. In fact the stock performed like the company was going bankrupt.
What other mis-steps are in store for 2014?
Another negative is the the space they are in. As an MLM; sentiment could not be more negative right now, with the attacks on NUS and HLF and the MLM industry as a whole.
Shareholders will be lucky to see any 52 week highs this year. We may not even see it get over 30 cents again.
Disclosure. I have sold a substantial portion of my position. But I still hold enough shares to make the stock interesting in case I am proven wrong.
When did this stock start trading on otc?
It is pink sheets right?
And can it be bought through the usual discount broker? So the ticker symbol is (MONIF)?
Thanks.
I am a holder.
Not sure about this management. Loads of potential if they can get this figured out.
Maybe through the acquisition process they will be able to acquire smarter leaders.
I just don't want to be pushing up daisies by the time the company finally breaks out.
Nu Skin is telling their investors that they are projecting a 22-25 percent increase in 2014 revenues.
And earnings 25-30% over 2013.
Pre-market the stock is up over 6 dollars. They are expecting revenues of 4 billion dollars.
A small company like YGYI should show faster growth then a 4 billion dollar company like NUS.
"The Law Of Large Numbers" eventually works against companies like Nu Skin.
Small companies like YGYI should be able to grow 25 to 30% every year for the foreseeable future. Under the right management.
In 2014 we will find out if Wallach has what it takes to take Youngevity to the next level.
These days, (like today) could be construed as being "accumulation days".
Days when volume increases and closing prices move higher or after a downtrend like we have seen, there is no price movement but an increase in volume.
If we have accumulation, the market is controlled by buyers, and distribution days are controlled by sellers.
I don't think what we are seeing now are distribution days because the downtrend seems to have halted here in the upper teens. And the closing prices have not been moving lower the past couple of weeks.
Recently we are seeing increasing volume with no price movement up or down. (accumulation)
One so-called "truism" in the stock market is that volume will move before the price moves. It may be something we are seeing now with YGYI if the downtrend is over. The adjusted closing prices of YGYI have mostly been between 18 and 19 cents for more than a month now, and volume seems to be on the rise. I think the stock is under accumulation.
Maybe something Briskie said on a conference call will finally turn out to be true. That the investment conferences he has attended is finally attracting a new set of investors. I hope he is right.
I would not call Rochon "scum."
His shareholders in CVSL certainly are not.
While I still am long YGYI, Rochon has been a much better CEO than Wallach.
CVSL is around 60 cents today. Even with around 100 million more shares outstanding than YGYI.
Rochon started CVSL last September, and they are already doing 23 million a quarter and are on track for about 140 million annnualized. Much better than YGYI in such a short period of time.
Wallach has been in control at his company for about 16 or 17 years and they have not even reached 100 million yet.
Through acquisitions CVSL has a toe-hold in some foreign markets while Wallach has not done a darn thing internationally.
The more Wallach talks on these conference calls, the more incompetant he sounds.
And nothing Briskie has said or done has helped the stock.
Did I see declining revenues at his CLR division?
Briskie is a good talker, but that's about all he is good at so far.
2014 will be a make or break for YGYI.
I just wish Rochon would have been named CEO after the merger 2 years ago.
So who is claiming the stock will go up to around 4 dollars following a Blyth acquisition?
This is the definition you posted...
"Definition of 'Bag Holder'
An informal investment term used to describe an investor who holds a position in a stock which decreases in value until it is worthless."
Do you see the word "worthless"?
That does not make sense.
If it is common practice, then that would make a deny implausible wouldn't it?
And where are you on the question of bagholders?
Uptick denies CVSL is worthless, yet he says there could be bagholders.
Yet bagholders by definition would hold worthless stock.
That also does not make sense.
So then you are not denying CVSL could have value, and shareholders could make money, and you are not denying bag holders could still be created.
Let me get this straight a valuable company that investors can make money with, but still be left holding the bag.
Glad we finally cleared that up.
You keep on contradicting yourself.
So now you say the company has value and people will get their money back.
Gotta get your story straight.
First you say there will be bag holders and then you say the company has value.
Make up your mind.
So now you admit the company is worthless and investors will not get their money back...
Since you are saying buyers of the stock are "bag holders."
Well then I ask you to define bag holders.
What is a bag holder to you?
If the company is not worthless and people get their money back, can there still be bag holders?
Or do you just throw that term around loosely?
Exactly.
And the words you wrote intimate that CVSL paid for the promo.
So do you deny that they paid for it then?
So essentially you are saying the company is worthless and people will never get their money back?
That is what you have been saying. Right?
So according to this post you are intimating that CVSL paid for the promo.
You said you did not know, but here you say the opposite.
"If you market your company product & services it's so you can sell more of those products and services.
When you pay a stock promoter it's so you can sell STOCK."
So how long do you think the bag holders will have to hold?
Apparently you don't see any merit in the company?
So there can only be bag holders but no happy investors say, one year from now?
So how low will the price go?
And if prices go lower, can it go back up again? Especially if they begin to record some EPS.
Any opinion on management, which is key, and the long range outlook of their business plan?
They are in a business with a proven track record and many stocks in the sector have rewarded shareholders over the years.
Any opinions as to the credibility of this management team?
Any opinion on anything other than you think this is a pump and dump that will damage many people?
Define insiders.
Management?
Directors?
Employees?
Is there any illegality involved here?
Compensated by whom?
The company claims they did not pay for them.
So you are then saying CVSL is lying about this?
Like your attitude gofish.
Really has been a pretty good week.
Understatement.
An opinion is worth the money you paid for it.
The PR looks like an excuse to take some profits...
Which is fine.
I still think we could see a new high before the close.
But so far, pretty orderly consolidation.
A further dip, and I would be looking to buy.
If not, I will ride it higher with the shares I have.
I think buyers are going to steadily eat through the profit taking today.
Looking for a new high.
If the stock gets to 4 bucks and then drops to 3 bucks, he'd be the kind of guy who would say, "see I told you this was risky".
J.T. the ask is around 60 cents.
Are you in or out?
Why would anyone want to look at a chart upside down?