InvestorsHub Logo
Followers 27
Posts 11447
Boards Moderated 1
Alias Born 10/06/2011

Re: gofish165 post# 24401

Thursday, 09/19/2013 4:34:49 PM

Thursday, September 19, 2013 4:34:49 PM

Post# of 34093
With all due respect, I didn't leave it out. It's right there in the disclosure that I copied and pasted from the report.

But I think you missed my point, so my apologies if I wasn't clear.

I have no problem with anyone getting compensated for their work. I don't care whether it's $4 or $4M.

The problem I'm having is that IEG says they own 15M shares that they can sell at any time. But Scott Pumper, IR for CVSL, has been quoted in posts made by others that the float is only 12M shares. So how do we resolve this discrepancy? How can IEG own more shares (that they claim they can freely trade) than is in the float per the IR. So, the question is: Is the float 12M? 15M? 27M? Or some othe "M"?

With regard to "transparency", the report I quoted was posted on the CVSL web site. But it wasn't the original version of the report. CVSL posted the original version without the disclosure. Fortunately, they corrected their error pretty quickly.