Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Great to see the spike in the stock. Hope that it means some investors just saw a price too low in the marketplace and bought because I am going to be very upset if "NEWS" just happens to hit later today or tomorrow. You know, like someone was trading on news us lowlifes didn't have. I know there's a term for that.
Probably just savvy technical traders seeing an opportunity. Lots of volume though.
Go CVSL!!!
This is not evasion of your question. But i do believe you are missing the big picture. In the case of CVSL they use the sales of these hopeless companies they buy to "paint the tape". That is to let us think that sales mean growth or ultimately profits.
But you saw the LOSSES. And the EXPENSES. Tammy Longaberger was paid over $650,000 last year as the person at the helm of that sinking ship. And could have made over a million!
So my prediction is that they will continue to spend money. Lose money. And justify it. Hope this helps.
And what's cute is that they are honest enough to tell us they are doing it! And it's our choice as to whether we buy the stock, keep the stock or sell. So I do appreciate the fine print.
WE pay Richmont $160,000.00 PER MONTH or $2,320,000 TO GET WHAT EXACTLY?
15) Related party transactions
During the fourth quarter of 2013, we renewed a Reimbursement of Services Agreement for a minimum of one year with Richmont Holdings. CVSL has begun to establish an infrastructure of personnel and resources necessary to identify, analyze, negotiate and conduct due diligence on direct-selling acquisition candidates. However, we continue to need advice and assistance in areas related to identification, analysis, financing, due diligence, negotiations and other strategic planning, accounting, tax and legal matters associated with such potential acquisitions. Richmont Holdings and its affiliates have experience in the above areas and we wish to draw upon such experience. In addition, Richmont Holdings had already developed a strategy of acquisitions in the direct-selling industry and has assigned and transfered to us the opportunities it has previously analyzed and pursued. CVSL has agreed to pay Richmont Holdings a reimbursement fee (the "Reimbursement Fee") each month equal to One Hundred Sixty Thousand dollars ($160,000) and we agreed to reimburse or pay the substantial due diligence, financial analysis, legal, travel and other costs Richmont Holdings incurred in identifying, analyzing, performing due diligence, structuring and negotiating potential transactions. During the years ended December 31, 2013 and 2012, we recorded $1,870,000 and $450,000, respectively in Expense Reimbursement Fees that were included in selling, general and administrative expense.
Did anyone READ the 10k? I am not a sophisticated analyst or investor like all of you but a few things jump out. Am I reading this wrong? Where are all of those profits from stock trades and mergers and the like? Aren't there rules/laws about all of those related party loans? I know I keep going back to the same old line but I feel I need to say it again. The "stories" on the chat boards, the "press releases" and the "newsletters" aren't SEC filings. So all we heard and read just got schooled by what they filed. What am I missing? GO CVSL!!!
10 M net loss .... (consolidated 2013)
Commission expense about 20%
SGA 63% .....
800,000 Interest Expense TO Richmont Holdings (Rochon)
PLUS 160,000 Per Month to Richmont for SGA Support........
PLUS all Richmont's employees are also getting 6 figs from CVSL outside of the 160,000 per month to Richmont ....
Love,
Amy
News Flash. NO ONE IS SHORT! Scroll up. Look at the short interest REPORTED on this board. 150,000 shares! There are no shorts out there! No conspiracy. This is nothing but a DEAD stock that the belief has been drained from by loud and untrue press releases followed by PAID FOR newsletters promising things that never happen!
Have you noticed the absence of quotes by the high and mighty one? Do you think that just might mean something? Like maybe they hired a SECURITIES lawyer? Since day one of posting on this board I have only said one thing. When they file the "news" with the SEC then maybe it's something you can make a real INVESTMENT decision on. Not the the noise. It's that simple.
This volume is not good news. There are no buyers. So we don't have technicals. We don't have fundamentals. We don't have squat.
And we are still posting like it's the best news on the planet. C'mon! No news is NOT good news! Surprise us with an Agel audit!
Go CVSL$$$$$
"Last one out, turn off the lights." Every down tick creates more scrutiny from the Feds. That is great news for law abiding citizens like all of us posting on this wall. The regulators look the other way on the pump and dump game until someone gets hurt. Then the paper trail unravels and they start looking at everything.
And surprising, prominent and rich people's names come to the forefront.
I won't be on that list. But some amazing names will. And those people don't want their names in the paper. So I agree with the earlier poster, a PR onslaught is on its way. Again, if its not filed with the SEC,question it.
Good luck all. Yes, I am about to be a buyer. They have to take this up.
P.S. Longaberger is the flagship? Has anyone analyzed their numbers? Please let met know what defines a flagship. Empty offices and warehouses? Just curious.
PSS. I wasn't talking about JR or SP above. From what I can tell they aren't rich or prominent. Maybe I wasn't even talking about CVSL.
PSSS. I have a Aston Martin and a Bugati on my list of 2014 acquisitions. I don't have the money, the credit or the income but I can write a check. But wait! They won't take my worthless paper. Dang!
Go back and read the press releases that they put out about the positions they were putting on in BTH. And listen to the conference calls. Or read the paid for "articles". Then you will know how I came up with them owning at least 4.9% of Blyth. They could do that without filing with the SEC. So I was giving them the benefit of the doubt. As I said, I believe nothing but what is filed with the SEC.
The stock was down big today. BTH too. Both over 5%. And you are mad at me. And defending them.
$500,000,000.00 into the coffers of CVSL is going to be either equity or debt. You have to know that. Right? How are they/YOU going to pay for it? Simple question.
New question? What is and where is the "amplified" offer?
By the way, I am watching the volume in both stocks. Closely. From what I have seen these guys like/love to buy mystery and sell history. I want to be on their team! And since I don't have access to inside information that is the only way I can spot what everyone else seems to already know.
What's an Acia berry? Who is Orin Woodwerd? First I have seen on this board about either of that.
Go wild. Call me some more names. It inspires me.
CVSL is down 30% on however many shares of BTH they own. Factor that when you are posting about how smart these guys supposedly are. Or am I doing the math wrong? Were they really shorting this stock when we thought they were buying? Time and FILINGS will tell. Happy Holidays!
Looks like posts and articles and all kinds of things are now under the microscope. I know believing me is the last thing you want to do but believe this. If the news is real, they will file it as a material release with the SEC.
So if they own stock in BTH, it will be disclosed. If they own stock in HLF, same thing.
Everything else is noise and promotion. Which isn't a bad thing. It just is.
Good luck to US!
Happy Friday. Just sitting here drinking some delicious Kool Aid.
Actually I wanted to save some time. Can you all explain how the investment banking firm is going to raise $500,000,000.00? I looked them up. Seems their cash on hand is about $10,000 and their liabilities are about $50,000. https://www.duedil.com//company/OC351357/wittenborg-capital-llp. Maybe I read that DISCLOSURE wrong. I don't know if you saw their website but I will promise you this. If that site is what they will use to attract the $500,000,000.00 I think we are all in trouble. http://www.wittenborg.co.uk/frontpage/_.html
This site said this. https://www.check-business.co.uk/business/OC351357/wittenborg-capital-llp
What is the debt service on $500,000,000.00? Anyone thinking about that? Because it's either a loan. Or massive dilution. Anyone getting an offering document, please send it as soon as possible. That, for the record, is one of those official documents, not a press release or conference call quote.
Speaking of public disclosures. The 130,000 share short position that was disclosed. At market prices that's only about $60,000. Are you thinking that is significant?
How about the public disclosure about how much BTH stock CVSL really owns. Not a press release. Not a quote from JR. A real public document. Haven't seen one. How about you?
I know are going to call me a hater. Or a skeptic. Or that I am short the stock. None of the above. And as you can see from the reports, virtually no one is short. I actually love this stock. It is a traders dream as long as I remember how it's being played versus what I read.
As you all resoundingly say. Go CVSL!
The stock is down from 70 to 40 in 60 days and you are upset at me?
I have yet to say a bad word about the company, the stock, the Rochon or the Pumper. I think they are the smartest guys in the room. By a long shot. I just want to be on the same side of their trades.
If I read the filings they seem to never validate the press releases or the "unsponsored" research reports or touts. That's okay too.
A suspicious mind would say the smart money accumulated a position down low. Just in time for all of the wonderful news, touts and releases. Then that smart money sold in to the volume. Now the news and volume dries up. Stock drifts down, the smart money stays quiet. They put on another position and all the news shows up. Like you said you are doing.
I want to be on your side.
"Market cap just silly." The only way to measure a value of a company, large or small, low share price or high is to look at market cap. The formula is so easy. Outstanding shares times share price equals market cap. A few creative posters on this board have inferred it's float times price. Now that's silly!
Justifying $150,000 per month in "consulting" is simply not worth even trying to explain to you. I will try one short sentence. Do you really believe bleeding a public company to fund a private company is really okay? You can't. Can you?
Today the value of the company dropped another $25,000,000.00. That's a lot of money. In my opinion. Especially since it only took a whopping twenty five thousand dollars to do it. I hope you aren't calling that stability.
Having said all that. I am watching this stock to ultimately own it. Maybe higher. Maybe lower. I will buy when I am sure they are working for me as hard as themselves. That's not now.
"Related party transactions" Straight out of filing…
During the fourth quarter of 2012, the Company entered into a Reimbursement of Services Agreement for a minimum of one year with Richmont Holdings. The Company has begun to establish an infrastructure of personnel and resources necessary to identify, analyze, negotiate and conduct due diligence on direct-selling acquisition candidates. However, the Company continues to need advice and assistance in areas related to identification, analysis, financing, due diligence, negotiations and other strategic planning, accounting, tax and legal matters associated with such potential acquisitions. Richmont Holdings and its affiliates have experience in the above areas and the Company wishes to draw upon such experience. In addition, Richmont Holdings had already developed a strategy of acquisitions in the direct-selling industry and has assigned and transfered to the Company the opportunities it has previously analyzed and pursued. The Company has agreed to pay Richmont Holdings a reimbursement fee (the “Reimbursement Fee”) each month equal to One Hundred Fifty Thousand dollars ($150,000), which shall increase by $10,000 after six months, and the Company agreed to reimburse or pay the substantial due diligence, financial analysis, legal, travel and other costs Richmont Holdings incurred in identifying, analyzing, performing due diligence, structuring and negotiating potential transactions. During the three and nine months ended September 30, 2013, the Company recorded $480,000 and $1,390,000, respectively in Expense Reimbursement Fees that were included in selling, general and administrative
Has anyone been able to confirm that Richmont Holdings is billing CVSL $150,000.00 per MONTH in "consulting, services and other services?" (See most recent 10q filing on Nov 14th ) It also has a 10k per month escalation clause.
What does that mean? Why is that happening? When I first looked at this company the market cap was 307 million. Now it's 234 million a month later. All facts. So the shareholders lose 80 million DOLLARS and market cap and Richmont got paid $250,000 all this month!
Does this make any sense to anyone? Just asking.
Most of the people writing the stock "newsletters" either failed in the stock business or got banned. The guy from MLM Help Desk is of the same ilk.
He just got sanctioned by the SEC for a role he played in Zeek Rewards.
We need to not listen to these people. They have agendas. And our best interests are not on that list.
Just read through that Rico filing. Anyone can file one. And then put out a press release. This is exactly why I don't read press releases issued by companies. I read the 8k, 10q and 10k's. Only.
The tout newsletters that everyone denies having anything to do with or paying for fall in that category too.
Is this bad or good news? Read then click.
http://mlmhelpdesk.com/breaking-mlm-news-visalus-hit-with-rico-alligations-how-will-this-affect-byth-stock-or-cvsl-bid-to-buy-blyth/#.UnFCc4ashRl
Nice. You read a public filing. And then spun it. Thank you.
Whoa! How could one person be a "group"? I don't even know how to short a stock. Nor do I want to. I have only done one thing. Asked about fundamentals. And numbers. And filings. And audits. Super simple.
I said this was a great trade. I do have a question though. When you buy a company like Blyth for $16.75 per share it means you are going to have to pay with money or stock. Multiply the outstanding shares times $16.75. And take a deep breath. And as I see it there is only $20 million in the CVSL coffers. So they will have to either borrow the money. Or they will have to issue stock. Which is dilution as I see it.
The Benevolent Billionaire isn't going to just write a check for you shareholders to get more value without him winning big too. Look at his previous transactions. One thing is obvious. He loves to get stock. Cheap stock.
I think this was a heck of a trade. Set up many moons ago. Lots of people are making giant money. And I hope it is you.
The good news is that the level of regulation on a stock like Blyth is much more intense than the pink sheets. That should keep everyone above board and playing fair. We shall see.
I don't own a share of CVSL. I was touted on it. Took a look. Wrote a few posts. Don't take me seriously at all. I am nothing. I have no conspiracy. I have no inside information. I am just reading public filings and not reading the hype. End of story.
Never said a bad word about anyone or anything.
The response from BTH was less than I hoped for. Anyone taking apart the financials on both companies would have to wonder two things.
1. How could this minnow called us swallow that whale called Blyth. "Cash and stock" is just chinese for "smoke and mirrors." If that was offensive to anyone for Chinese descent I apologize.
2. Is this a stock play only. It looks like the wordsmiths are trying to say that Blyth is somehow like Herbalife or Nuskin. Other than the fact they are in the same industry there is no correlation. There is real value in HBL and NUS. They are not drowning. The way I read CVSL and BTH there are problems there at best.
But a stock trade it surely is! Last one out turn out the lights.
Brilliant move.
If they were long BTH they just got a chance to take some profits. They scared the livin' sh-- out of the shorts today.
JR is plenty smart about trading these markets. He will come out of all of this smelling like a rose. The rest of the investors. Time will tell.
Still no fundamentals but a pretty savvy play today.
Even if its another failed bid like AVP it still created a liquidity event for BTH shareholders.
I actually believe you all got lucky. Eric is a cancer. He wrote on his FB wall he's been working on this for two years. Meanwhile taking money from unsuspecting company owners who didn't do their due diligence on him. Eric didnt start a company, he can barely buy lunch. He has zero following. Period.
He lied all they way up to the minute I outed him today. To hear you all say good luck is nauseating. I hope the Feds take a hard look at his statements as an officer of circ.
I have no idea whether you have a good company or stock here or not. I only know you got rid of one of the industry's biggest jokes today. Congratulations.
Next victim: Brain Abundance.
The only way Eric gets anything is that its given to him. He earns nothing. Ask his friends at BHIP (given), Evolv (given), and now his NEW deal is Brain Abundance! He is OUT of PurNRGfx. Gone! And he will blame you! See how their names are no longer anywhere to be found? You can find them if you look at his Face Book page. Taking money from the next stupid company to believe his story.
He will get the money. You will get the memories. All bad.
He has never built a group. Anywhere.
Where are Bany and Rachel?
Good luck to you all.
So I get a call from a friend who breathlessly tells me to buy this stock. I look at the market cap. Smells.
I hear about the "newsletter". Paid for. I hear about the people touting it. Maybe paid.
And the market cap is DOWN $50 MILLION since my first post. Meanwhile I hear about "billionaires" involved. And all the hype around that. So what if JR is or isn't a billionaire. He's loaded. Maybe. It means nothing. What means something are public FILINGS not press releases.
Read the numbers folks. Not the tout sheets. Not the press releases. Just the numbers. Ask about audits.
There is no correlation to Nuskin, Herbalife or even the dog Blyth and this company. They all have sales. Earnings. Fundamentals. That you can see. Read. And analyze.
Someone please explain what they are buying!!! My daddy told me to buy fundamentals, the technicals will show up. But never to invest real money into a technical trade. And although it sounds as though Warren Buffet is my daddy...he's not.
Okay...lets just do a LITTLE arithmetic. 57,000 times .62 equals less than $37,000. Against a market cap of over $300,000,000.00! And you are all fired up because it's a short? Are you kidding me? First request was to show me how this could possibly be a $300,000,000.00 company. Second question is why anyone could be pumped about the short interest. Third. If this is such a great company why is someone paying to promote it.
Can any of you remember the JamminJava days? And how mad everyone got about that stock cratering? Isn't this setting up the same scenario?
They can lie about figures but figures don't lie. So at the risk of hurting your feelings I would tell you that I did listen to the call and heard a ton of noise. But the numbers don't match up to the story. The outstanding shares are the key here, not the float. But they kept focusing on the float, short positions and all that trading jargon.
I know you know that the market cap is 307 MILLION DOLLARS. How on earth can anyone justify that?
Are they going to be able to stay listed? Can an audit even be done on AGEL? Seems just short of impossible to me.
As for the long position in Blyth. Why? Because of the short interest? Another stock game on top of a stock game? I know that it's great for traders. What about investors? Real investors?
I cannot figure this company out. Where is the real value? I feel like they are parlaying paper all over the place to create this illusion that there is something going on but underneath it all I really see nothing.
You seem to be the voice of reason out there. Other than a trade is there any fundamental reason for anyone owning this stock?
Where's the beef?
Thanks