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19-07-2017, 04:52 PM
BoonSo some one has done some on ground check on BWL sales convention in WHERE?
1) BWL holds most of its convention there.
2) Company name, brand and systems are the subjects of the event.
3) So, who is the actual organizer of this event?
4) Not BWI & companies of course as “All DR’s Secret service outlets/workshops in China are operationally independent and do not have any contractual agreement with Best World and any of its subsidiaries.”- according to reply from IR to moneyspinner and JanQuin.
5) Must be BWI’s China Agents/Distributor, right? Who else could it be?
6) Has approval or consent being granted by BWI for such an event?
7) If yes. there must be a written consent – which is a form of agreement - but there is no agreement according to 3) above.
8) If NO, the management is putting company’s reputation, systems, brand reputation at great risks of being misuse and abuse.
9) Is his how BWI manage its “Export business” in China?
10) What is the point of existing distributors recruiting more new distributors ?
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Its interesting that the analyst Jonathon went down to the convention and had a look at everything that's going on and raised 0 concerns on regulations. His biggest concern is "weaker than expected sales in Taiwan or China" which he has addressed in his report as not really a worry.
Doesn't one wonder why in Changsha, which is not a licensed DS region and Dr Secret which is not a licensed product is being distributed by so many people there? What makes Jonathan so confident that there is no wrongdoing on the ground? Maybe someone can email him to ask him? jonathanwp.seow@cimb.com
I guess as long as they get the Changsha + Dr Secret approval as soon as possible, any prior business practices can be glossed over like how the convention videos are removed and there is not really much ground for debate.
The share price reaction today is definitely shouting at Boon and me saying "You are wrong in your questions!". And perhaps the stock might go up by another ten fold in the next 5 years. Its a risk one has to take i suppose with a juicy reward painted by analysts.
Please do your own due diligence. (Btw, how do you adad a signature?! I am tired of typing this with every post.
)
1) BWL holds most of its convention there.
2) Company name, brand and systems are the subjects of the event.
3) So, who is the actual organizer of this event?
4) Not BWI & companies of course as “All DR’s Secret service outlets/workshops in China are operationally independent and do not have any contractual agreement with Best World and any of its subsidiaries.”- according to reply from IR to moneyspinner and JanQuin.
5) Must be BWI’s China Agents/Distributor, right? Who else could it be?
6) Has approval or consent being granted by BWI for such an event?
7) If yes. there must be a written consent – which is a form of agreement - but there is no agreement according to 3) above.
8) If NO, the management is putting company’s reputation, systems, brand reputation at great risks of being misuse and abuse.
9) Is his how BWI manage its “Export business” in China?
10) What is the point of existing distributors recruiting more new distributors ?
________________________________________________________________________________________________________________________
Its interesting that the analyst Jonathon went down to the convention and had a look at everything that's going on and raised 0 concerns on regulations. His biggest concern is "weaker than expected sales in Taiwan or China" which he has addressed in his report as not really a worry.
Doesn't one wonder why in Changsha, which is not a licensed DS region and Dr Secret which is not a licensed product is being distributed by so many people there? What makes Jonathan so confident that there is no wrongdoing on the ground? Maybe someone can email him to ask him? jonathanwp.seow@cimb.com
I guess as long as they get the Changsha + Dr Secret approval as soon as possible, any prior business practices can be glossed over like how the convention videos are removed and there is not really much ground for debate.
The share price reaction today is definitely shouting at Boon and me saying "You are wrong in your questions!". And perhaps the stock might go up by another ten fold in the next 5 years. Its a risk one has to take i suppose with a juicy reward painted by analysts.
Please do your own due diligence. (Btw, how do you adad a signature?! I am tired of typing this with every post.
)