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Net Net: Promoting innovation and managing change

Bill Ackman's new Herbalife play: A documentary film

Bill Ackman
Adam Jeffery | CNBC

The Herbalife fight drags on.

Bill Ackman's Pershing Square Capital Management released a short, scathing documentary on the nutritional supplement company Friday that detailed the stories of frustrated former Herbalife distributors.

"I just don't want to see anyone else get involved in this thing," said Tom Zimber, a former distributor from Rochester, New York, who was featured in the film and spoke after at the premier in New York City. "I just hope people see this. (Herbalife is) not worth the time, the money. And you lose money."

The film's participants—described as middle-class people looking for a supplement to their job or retirement income—spoke of the high costs of working as an Herbalife distributor.