Michael Johnson, after seeing shares in his 32-year-old
weight management and nutritional supplement distribution company tumble nearly
40 percent after Ackman publicly labeled it a pyramid scheme, is planning to
return fire this Thursday.. In an
anticipated investor meeting in New York, Johnson, sources told The NY Post, is
likely to wheel out a former Federal Trade Commission regulator — along with a
point-by-point rebuttal of Ackman’s plan….
….The December battle between Ackman and Herbalife — which
resulted in $1.8 billion of value being wiped out — captivated Wall Street as
Ackman, one of the best-known hedge-fund managers, hit CNBC, Bloomberg TV and
other media outlets to publicize his theory. Herbalife is “the best-managed
pyramid scheme in the history of the world,” Ackman crowed…
Stay tuned sports fans http://www.nypost.com/p/news/business/take_that_shorty_8FrDBCwsfJiGdw3t35XYuL
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