USANA announced that they have intentions to enter China. They made this announcement during their Hong Kong convention. Who are they trying to fool? USANA's already conducting their pyramid scheme in mainland China. They already admitted in an October 2009 internal document that a LARGE SUM of product ends up in mainland China. That's because they are allowing illegal recruiting to take place in mainland China.
MLM is banned in China, and the only way for USANA to enter China is to do away with their MULTI-LEVEL marketing structure. USANA will have to design a SINGLE-LEVEL marketing compensation plan just for China. But why bother? USANA's products are designed to be overpriced and forced to purchase by their distributors in order to participate in the pyramid scheme. Without the incentive to recruit large downlines, there is no reason to purchase the product. Investors might see this announcement as a positive, and the stock will probably go up. However, everyone will soon find out that no entrance into China will happen. USANA will lose money if they change to a single level marketing structure.
So when will stockholders demand USANA to disclose how much product and how many active distributors are a result of illegal China recruiting? When will PriceWaterhouseCoopers do their job according to their code of ethics and require USANA to comply with SEC filing rules and disclose this "Large Sum" of product that was illegal sent to mainland China?
Reference: USANA Health Sciences Announces Its Intention to Open in China
hmm interesting...what type of credentials do you have?
ReplyDeleteseems like you spend a great amount of your time to find all the negatives about Usana...do you have a better retirement plan if you dont mind me asking?
if you arent in any business or investment...what type of career do you have?
Typical, rather than attack the content, the person who comments attacks the poster.
ReplyDelete"seems like you spend a great amount of your time to find all the negatives about Usana"
ReplyDeleteAnd it seems like this clown spends an even greater amount of time rebutting your every post with vague, ignorant remarks yet somehow manages to say nothing.