Herbalife's CEO picks up the phone and gets on the air with CNBC making the following comments:
- He accuses Ackman and short-sellers of manipulating the market at the expense of Herbalife shareholders.
- He notes that on Friday a large number of puts on Herbalife are expiring and notes the coincidence of Ackman announcing a presentation on Herbalife on Thursday.
- He calls the claim that Herbalife is a pyramid scheme ridiculous, noting the millions of customers around the world.
- He refers to the fact that the company has been in business for 32 years and that they are building a $100 million facility in North Carolina that will employ 500 people.
The man is fired up, and you have to admire him standing up for his company.