Thursday, January 21, 2010

USANA Admits Products Are Sold Illegally In China

This one is a great one. Please visit the article at Usana Health Sciences knows it products are being sold illegally in China

Here is the internal document that states so: USANA Internal Document

"IV. What is the biggest market that buys our products that we are not eligible to operate in?

i. Once again I couldn’t give you an exact answer on this. Since I work with our Asian markets, I know that a large sum of product ends up in China, but I’m sure product somehow gets shipped to other unauthorized markets as well…
"


So Barry Minkow was right about this all along. This also explains the unusual growth in USANA's Asian market. Their growth is due to illegal activities! I believe the SEC should investigate this matter. If USANA's knew for years that illegal activity in China accounts for a "Large Sum" of product, then they knowingly deceived shareholders and used this to keep the stock price propped up. All this while the insiders keep selling millions of dollars worth of stock.

1 comment:

  1. Everytime there is something fishy going on China is always included in the list. Maybe the Chinese government should get their acts together

    ReplyDelete

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