x 0

But these people are in US. Able to prosecute?

newpattern ( Date: 30-Apr-2019 20:29) Posted:

Only those who deliberately fabricate news and spread falsehoods are liable to face criminal charges under the proposed law against fake news, Law and Home Affairs Minister K. Shanmugam told The Straits Times yesterday (Apr 9).

x 0

Haha Leehong, you have changed from "are investigating" to shall-be soon, that's a step back. Do u have insider from CAD? If so, maybe can check if BR statement is proven false, what are the implication for them?

Besides, you should have inform those no sign boards investors first mah

Leehonghng ( Date: 30-Apr-2019 18:10) Posted:

Looking at all the bad news recently and other reports, their share price on 6/5/2019 should be around 70 to 90 cents. Moreover, the directors shall be called-in for CAD's interviews soon. One key point is : They will resume for trading next Monday or not? The answer is not likely.

x 0

Quoted from Muddy Waters

Some clear warning signs Block watches for?

"Too many mergers and acquisitions at one company are definitely a red flag," said Block. "Companies trying to raise cash when they appear to have a lot on their balance sheet is also an issue."

Block has also found it useful to scrutinize members who sit on the board of directors at Chinese companies, as well as those who are major investors -- a tactic Block used to formulate his short position on Focus Media.

Finally, Block says he also watches to see how companies respond to criticism -- whether it be accusations of fraud or otherwise.

"If a company responds to a short seller's claims by brushing them off and saying that it will continue to run its business and in turn, void any investor concerns, it generally turns out that the short seller is wrong," said Block. "But when a company starts buying back shares, that's not necessarily a positive."

Yes, raising funds when you have so much cash is suspicious.(not happening in this case). Also company response is very important. Much so when proving short sellers report wrong. So let's what for the clarification.
Sino forest also had huge liabilities (which in this case, it is not).

zillion ( Date: 30-Apr-2019 15:21) Posted:

By looking at the chart it hit a high of 3.33 on 13th Feb then it kept sliding until 1.62 on 25th April. This slide is a 51%! Chart tells you when to buy/sell. Fundamentals tell you what to buy. Chart tells us that smart money has been reducing their positions run road already. Upon listing if it continues to down trend certainly more smart money wants to jump out. Please go read Muddy Water' s on how to spot a fraud esp the one on sino forest.

x 0

Yes I agree. Victim's family will associate the brand altogether. But it's also similar to other brands, like Chanel SKII. If you have been using for 2-3years and not getting the result you are promised, then the person will also go around telling everyone how much money she has wasted.

So for any product, there will be positivity and negativity. It's how the long term effect(on facial condition in this case) help win more customers over.

stockpicker ( Date: 30-Apr-2019 10:43) Posted:

It is 100% con job.. but people who got conned will only blame BWL because the products has BWL' s brand. Bet the victim' s family and its neighbours will never BWl products again.. unless the culprit doing the con job is caught and clarified that he is doing a con job but would he?

Sen9999 ( Date: 30-Apr-2019 09:21) Posted:

From this article(I read earlier), that is why i deduce this is not BWL. But a clone syndicate.

Quoted from this article:

这家公司连一个官方网站都没有，甚至连一个准确的办公地址，国家企业信用信息公示系统连这家公司都无法找到，证明这家公司是无牌无证。是什么原因？让这家公司在珠海中山一带无店面模式去发展人开展直销活动？甚至连在校女大学生都不放过，中国的教育局和学校是怎样保护在校孩子的健康成长？女大学生深陷背后还有多少家庭的孩子，被全美世界所骗，放弃学业，放弃学校，甚至连父母都反目成仇。

There are totally referring to another company.

x 0

Yes, I believe truth is going to hurt shortist.

It is important to know the culture and the principles of the company. When we think of DS, you think of pple pulling you in, say a whole lot to ask you to buy(mainly by saying how much money you will earn), then when you say you consider, they will ask what's holding you back? What are your concerns. Then suddenly you are surrounded by "uplines" pressuring you.

That's why I say, make a trip to the company's seminar, see the difference.
Even in DS selling model in SG, they purely focus on selling the product and not the model. The model only comes when you are convinced about the product and decided to make it an extra income earning and ask them about the model .(usually after using months) .

Anyway I am not saying that you can't profit from shorting this company, I am saying that in the long term wise long-ing the stock makes better sense, especially when the fog starts to clear. Because the fundamentals are there

It is also good reminder for the company to keep it's ethics and control in China, so much so that after so many comments and bad reports over the last few years(fake companies etc) the company still has a foothold in the legal front.

If last 3 years is the time frame, I have to say 真金不怕火炼 , truth has prevailed and will continue to prevail ahead of uncertain times

Sin_Cos_Tan ( Date: 30-Apr-2019 08:03) Posted:

Borrow this from one SJ forumer....
「假的真不了，真的假不了。」
Reality bites, the truth can be disagreeable and/or annoying.

Sen9999 ( Date: 29-Apr-2019 23:59) Posted:

Firstly thanks Sin_cos_tan for pointing out the posts. Saw how quick people jumped into conclusion.

Objectively, from Baidu, we see two groups of people, 全美 related

1) the legit people trying to fend off critics
Quoted:
- 全美世界皙之密（中国）美容科技有限公司是新加坡全美世界有限公司在中国设立的全资子公司，总部在广东省东莞市长安锦厦工业区。

经营种类：皙之密、美容护肤、补水、祛斑、祛痘。

营销机制有三大特性：

1、公平，公正，公开。
2 兼种兼得
3 可世袭，可继承；上不封顶下不保底。

奖励制度：多劳多得的模式被美国比迩盖茨称之为完美无确无卸可袭的奖金制度。

1、个人销售佣金奖（ 9%~27%月结奖金）
2、市场开拓奖（ 3%~21%）
3 4%领导奖金

The description fits exactly what we have here except for the compensation scheme(which is likely the franchise model compensation)

2) pple who say they are being 拉人头 , or force to 拉人头 , force to buy products
This is also the group of pple who say that 全美 keep them staying together for few days, force them to do this and that

1 of the case was a student who was drown by these scheme, in 2017, and BWL was implicated as it was thought to be under the same operating scheme, so did Herbalife and Nuskin shares fell. See the clarification by BWL in 15 Aug 2017.
The company explicitly stated
Quote: All service outlets set up are subjected to local authorities beforehand.
And they suggest that even one day when they go full direct selling model, they will not enroll students and civil servants

Another case that was very prominent was the 18year old lady who was pulled into the ?全美 ? scheme(was mentioned in the skyjuice post).

This case happened in July 2018, the lady involved said that she was held at 全美 20days, made to pay rmb8990, etc etc. Then her parents reported to the authority. The police treated this case very seriously, but end of the day, they couldn't locate this organization. The said "many students" that were kept together weren't verified.

Remember BR reported that BWL's outlet didn't seem to be prepared by walk ins and new customers, if they are not prepared, how to force these students to pay RMB8990.

So why there are two group of people with very different testimony? After 2 prominent cases, I deduce that the 2nd group of people who had bad reviews of 全美 , belongs to a clone syndicate. If you realized, these group of people never mentioned about buying products, they only mentioned they are forced to pay money or pull people in.

Refer to the BWL sustainability report released last year. The group acknowledge counterfeit products are a challenge.

Quoted
Counterfeit Products and Intellectual Property In therecentyears,theissueofcounterfeitproductshas posedseveralchallengesforcompanies.Theseunsafe productscaninfluencetheconsumers?perceptionof legitimate products and even put consumers? health andsafetyatrisk.Withoutpropermanagementand measures,itmayleadtoalossofconsumerconfidence andinturn,negativityaffectproductsales.AtBestWorld, weareawareoftheadverseeffectsthatcounterfeit productscanbringabout.Therefore,tosafeguardthe interestsofourbusinessandourconsumers,wehave inplacestrictmeasurestomanagetherisksassociated withcounterfeitproducts.

There is another possibility that this group belongs to rivals that are spreading rumors.

The logically deduction is this as there is no way 全美 can be spared under the law if all the allegations are true.

x 0

Haha, you are ignoring the fact it's a DIFFERENT company set out to cheat. And ignoring the fact that their police are also intelligent individuals that will in their investigation link them together, but end of the day deduce it's a different company using BWL already established brand(evidence is the scam company is not registered, no retail)
You realised how low cost they are, when you see their booklet is monotoned. Not the usual colourful BWL handouts

Sin_Cos_Tan ( Date: 30-Apr-2019 09:54) Posted:

You said 29-Apr-2019 23:59 ...Remember BR reported that BWL' s outlet didn' t seem to be prepared by walk ins and new customers, if they are not prepared, how to force these students to pay RMB8990.

Your post 30-Apr-2019 09:21 ......answer your above qtn.
Quoted from this article:

这家公司连一个官方网站都没有，甚至连一个准确的办公地址，国家企业信用信息公示系统连这家公司都无法找到，证明这家公司是无牌无证。
是什么原因？让这家公司在珠海中山一带无店面模式去发展人开展直销活动？
甚至连在校女大学生都不放过，中国的教育局和学校是怎样保护在校孩子的健康成长？
女大学生深陷背后还有多少家庭的孩子， 被全美世界所骗 ，放弃学业，放弃学校，甚至连父母都反目成仇。

Sin_Cos_Tan ( Date: 30-Apr-2019 09:26) Posted:

see the title...

权健之后，女大学生深陷全美世界（一）

The article is from华闻 ,
是最具影响力华文媒体的中文网络新闻平台 ,为全球华人提供全面及时的最新时事热点、新闻资讯。

x 0

The title, reflect the fact that it is talking about a similarly named company. The article mentioned there is no website, no retail space to this company.
Did you miss out this fact?

Sin_Cos_Tan ( Date: 30-Apr-2019 09:26) Posted:

see the title...

权健之后，女大学生深陷全美世界（一）

The article is from华闻 ,
是最具影响力华文媒体的中文网络新闻平台 ,为全球华人提供全面及时的最新时事热点、新闻资讯。

Sen9999 ( Date: 30-Apr-2019 09:21) Posted:

From this article(I read earlier), that is why i deduce this is not BWL. But a clone syndicate.

Quoted from this article:

这家公司连一个官方网站都没有，甚至连一个准确的办公地址，国家企业信用信息公示系统连这家公司都无法找到，证明这家公司是无牌无证。是什么原因？让这家公司在珠海中山一带无店面模式去发展人开展直销活动？甚至连在校女大学生都不放过，中国的教育局和学校是怎样保护在校孩子的健康成长？女大学生深陷背后还有多少家庭的孩子，被全美世界所骗，放弃学业，放弃学校，甚至连父母都反目成仇。

There are totally referring to another company.

x 0

From this article(I read earlier), that is why i deduce this is not BWL. But a clone syndicate.

Quoted from this article:

这家公司连一个官方网站都没有，甚至连一个准确的办公地址，国家企业信用信息公示系统连这家公司都无法找到，证明这家公司是无牌无证。是什么原因？让这家公司在珠海中山一带无店面模式去发展人开展直销活动？甚至连在校女大学生都不放过，中国的教育局和学校是怎样保护在校孩子的健康成长？女大学生深陷背后还有多少家庭的孩子，被全美世界所骗，放弃学业，放弃学校，甚至连父母都反目成仇。

There are totally referring to another company.

Sin_Cos_Tan ( Date: 30-Apr-2019 09:10) Posted:

权健之后，女大学生深陷全美世界（一）

2019-01-23
http://shxwdc.com/new/xw/1339.html

Sen9999 ( Date: 30-Apr-2019 09:05) Posted:

This law expert post was in 2016.
There is so much that took place after that, the drowning of the uni student case, the 18 year old lady case, recently the baby was killed after eating Quanjian case. After all these cases, you see most wrong do-ers are already gone.
In fact, the most recent check on 24/2/2019, there were 0 wrong doing report from BWL.

This can only tell us that so far BWL franchise model is within the law of the enforcer.

x 0

This law expert post was in 2016.
There is so much that took place after that, the drowning of the uni student case, the 18 year old lady case, recently the baby was killed after eating Quanjian case. After all these cases, you see most wrong do-ers are already gone.
In fact, the most recent check on 24/2/2019, there were 0 wrong doing report from BWL.

This can only tell us that so far BWL franchise model is within the law of the enforcer.

Sin_Cos_Tan ( Date: 30-Apr-2019 08:00) Posted:

3rd response to 那个全美世界化妆品是传销吗？
戚广利
法律类行家 | 军队法律顾问 | 北京
教育经历：西安政治学院硕士
职业经历：原北京军区机关法律顾问
回答
全美世界化妆品是否传销，需要自己据实进行判断。《禁止传销条例》第七条明确规定下列行为，属于传销行为：
(一 )组织者或者经营者通过发展人员，要求被发展人员发展其他人员加入，对发展的人员以其直接或者间接滚动发展的人员数量为依据计算和给付报酬 (包括物质奖励和其他经济利益，下同 )，牟取非法利益的；
(二 )组织者或者经营者通过发展人员，要求被发展人员交纳费用或者以认购商品等方式变相交纳费用，取得加入或者发展其他人员加入的资格，牟取非法利益的；
(三 )组织者或者经营者通过发展人员，要求被发展人员发展其他人员加入，形成上下线关系，并以下线的销售业绩为依据计算和给付上线报酬，牟取非法利益的。
追问
都符合 ，要交拿货费用，所谓的入门费，再有拉人头的发展下线提成
来自：求助得到的回答
本回答被提问者和网友采纳

Sin_Cos_Tan ( Date: 29-Apr-2019 20:35) Posted:

From 6.....
今天刚从里面逃出来，被朋友忽悠过去五天，说是进厂的，其实就是直销，五天时间都是很多所谓的领导经理在出租屋里头跟你讲人生大道理（其实就是放屁）
后来又让我买一套 8990元的护肤品（所谓的投资），我说我不买了，他们还让我衡量一下人生价值，真是可笑，
今天又带我去听课（跟洗脑差不多）我不听，他们就骂我，我手机一打 110，他们就要跟我干架，
后来我废了九牛二虎之力才杀出来的，正准备回家，哎！
我是个 00后，出来挣钱不成还遇到这种事情，我不傻，
大哥哥，里面的人真的很会讲道德人生责任，呆就了自然而然人就陷进去了，希望各位兄弟一定多警戒

x 0

Another reason why BR and BT never attack these allegations (which can easily be searched from Baidu), is that they probably also believe these comments or these cases are not related to BWL.

x 0

Firstly thanks Sin_cos_tan for pointing out the posts. Saw how quick people jumped into conclusion.

Objectively, from Baidu, we see two groups of people, 全美 related

1) the legit people trying to fend off critics
Quoted:
- 全美世界皙之密（中国）美容科技有限公司是新加坡全美世界有限公司在中国设立的全资子公司，总部在广东省东莞市长安锦厦工业区。

经营种类：皙之密、美容护肤、补水、祛斑、祛痘。

营销机制有三大特性：

1、公平，公正，公开。
2 兼种兼得
3 可世袭，可继承；上不封顶下不保底。

奖励制度：多劳多得的模式被美国比迩盖茨称之为完美无确无卸可袭的奖金制度。

1、个人销售佣金奖（ 9%~27%月结奖金）
2、市场开拓奖（ 3%~21%）
3 4%领导奖金

The description fits exactly what we have here except for the compensation scheme(which is likely the franchise model compensation)

2) pple who say they are being 拉人头 , or force to 拉人头 , force to buy products
This is also the group of pple who say that 全美 keep them staying together for few days, force them to do this and that

1 of the case was a student who was drown by these scheme, in 2017, and BWL was implicated as it was thought to be under the same operating scheme, so did Herbalife and Nuskin shares fell. See the clarification by BWL in 15 Aug 2017.
The company explicitly stated
Quote: All service outlets set up are subjected to local authorities beforehand.
And they suggest that even one day when they go full direct selling model, they will not enroll students and civil servants

Another case that was very prominent was the 18year old lady who was pulled into the ?全美 ? scheme(was mentioned in the skyjuice post).

This case happened in July 2018, the lady involved said that she was held at 全美 20days, made to pay rmb8990, etc etc. Then her parents reported to the authority. The police treated this case very seriously, but end of the day, they couldn't locate this organization. The said "many students" that were kept together weren't verified.

Remember BR reported that BWL's outlet didn't seem to be prepared by walk ins and new customers, if they are not prepared, how to force these students to pay RMB8990.

So why there are two group of people with very different testimony? After 2 prominent cases, I deduce that the 2nd group of people who had bad reviews of 全美 , belongs to a clone syndicate. If you realized, these group of people never mentioned about buying products, they only mentioned they are forced to pay money or pull people in.

Refer to the BWL sustainability report released last year. The group acknowledge counterfeit products are a challenge.

Quoted
Counterfeit Products and Intellectual Property In therecentyears,theissueofcounterfeitproductshas posedseveralchallengesforcompanies.Theseunsafe productscaninfluencetheconsumers?perceptionof legitimate products and even put consumers? health andsafetyatrisk.Withoutpropermanagementand measures,itmayleadtoalossofconsumerconfidence andinturn,negativityaffectproductsales.AtBestWorld, weareawareoftheadverseeffectsthatcounterfeit productscanbringabout.Therefore,tosafeguardthe interestsofourbusinessandourconsumers,wehave inplacestrictmeasurestomanagetherisksassociated withcounterfeitproducts.

There is another possibility that this group belongs to rivals that are spreading rumors.

The logically deduction is this as there is no way 全美 can be spared under the law if all the allegations are true.

Sin_Cos_Tan ( Date: 29-Apr-2019 21:19) Posted:

Not really,
see 6....恶人先锋 2018-12-30 & others

Rashi08 ( Date: 29-Apr-2019 21:04) Posted:

Just wonder the complaints on Baidu, they were dated on 2017 Aug and Nov

x 0

Yes I am sure there Re more mistakes and lies in the report, probably will be clearer when clarification is out.

Meanwhile, take a look at this article. I suppose is some short seller ask this question on Baidu. (Just like how BR assumes).

https://zhidao.baidu.com/question/308489416434017924.html?&mzl=qb_xg_3&word=全美传销 &fr=relate&refer_title=全美世界化妆品是合法的直销产品吗？

So far there has been no issue on their franchise selling model. It's the people who don't understand who keep saying they are doing the DS model, the MLM model.

Having said that, glad that operator81 u are not vested. Because don't invest in something you do not know.

Yes I am reading and interpreting, which I feel is better than just an empty vessel trying to tell grandfather story on what happen to company ABC , what happen to the other company XYZ, without even trying to understand this company. If everything can be told by history, then the only traders who will win money are the 70-80 year old veteran with the most history to tell.

Operator81 ( Date: 29-Apr-2019 18:50) Posted:

What you read and interprete and you assume it is the world (there is a chinese idiom on this, go figure it out). I am sure there are more things that you have not seen. Amateur Mistakes also spell longly, the pork calling the cattle black. Please pardon my amateur typo mistakes. 😂

x 0

Refer to this post.

https://sgtalk.org/mybb/Thread-Just-for-a-Badly-Written-1-page-Report-This-SGX-stock-lost-about-8-million-today?pid=3399211#pid3399211

Amaetur mistakes. Shows that they never vet through the report before publishing? Or they want to create a nastier picture using wrong information?

Notice they have been mixing Taiwanese and China sales consistently, I believe is to confuse readers.
They mentioned 中国制度， so is it 中国台湾，中国香港， or 中国大陆 ? I believe all 3 systems are different.

Notice they are also asking taiwanese(if the two person interviewed is real) about system in China.
And the credits to the CEO picture with the DS cert is from Taiwan, when they are talking about legal system in China.

Operator81 ( Date: 29-Apr-2019 12:39) Posted:

Sen9999, what make you think the shortists did not do their due diligence?

What is half truth? Tell me which is the correct answer below?

1) The glass is half full.
2) The glass is half empty.

Dun you agree that both are correct answers?

Sen9999 ( Date: 29-Apr-2019 11:21) Posted:

Yes I am on the other side of the camp because I spend days reading up about the company, the reports, the short sellers, the clarification. I read it many times, trying to make sense of everything, talk to people, go to FB, IG etc

I interpret the meaning as getting wealth from correct means, and not through unethical methods such as reporting half truth. No? Means I still need further education on my Chinese 😂 😂

x 0

Yes I am on the other side of the camp because I spend days reading up about the company, the reports, the short sellers, the clarification. I read it many times, trying to make sense of everything, talk to people, go to FB, IG etc

I interpret the meaning as getting wealth from correct means, and not through unethical methods such as reporting half truth. No? Means I still need further education on my Chinese 😂 😂

Operator81 ( Date: 29-Apr-2019 11:08) Posted:

You are against short sellers because they are on different side of the camp? Once you put your 💰 in the market, be prepared for any events, it can be short sellers, it can be broad market movement, it can be external event like war and it can be natural disaster.

Do you even understand what is 君子爱财取之有道 to say that?

知之为知之，不知为不知，是知也。

And let me tell you something, i am never on the short side of the market.

Sen9999 ( Date: 29-Apr-2019 10:53) Posted:

Yes, I am very against these short sellers, unless it is a perfectly written piece of work, with really extensive research done. From the first page, there are already so many mistakes made. Let's see how many mistakes BW finds in the report.

There is a Chinese saying, 君子爱财，取之有道 . Today some of us are holding long position, one day, it may be your turn that you are holding long position and a serial liar shortist attack your position.

Look at the report( Nikkei and CNA report) they say most of them run when they release the report, so who is going to be left behind? Retailors again.

x 0

Yes, I am very against these short sellers, unless it is a perfectly written piece of work, with really extensive research done. From the first page, there are already so many mistakes made. Let's see how many mistakes BW finds in the report.

There is a Chinese saying, 君子爱财，取之有道 . Today some of us are holding long position, one day, it may be your turn that you are holding long position and a serial liar shortist attack your position.

Look at the report( Nikkei and CNA report) they say most of them run when they release the report, so who is going to be left behind? Retailors again.

stockpicker ( Date: 29-Apr-2019 10:08) Posted:

The Reputable Shortists are not always correct unless they have got information from the insiders or was a insider before...The companies who wants to commit fraud would never be so stupid to leave trails behind and let external parties pick them up. If they ever left a trail, they would quickly wipe them clean. Only the insiders could have these information..

There are exception of course, especially those many " Innocent Chinese farmers" who have been " duped" during the 80/90s or even after 2000, into believing they can get rich by listing their companies in Singapore or in the US, not knowing that they were being used by the syndicates to " drain money" out of the companies.. when these syndicates are done, they become the insiders and informed the US short sellers about the companies' " rotten deals"

So be very careful with these so called professional and reputable short selling companies.. they are just like you and me, knowing only what we suppose to know on the surface. Don' t ever believe they always have the correct insider information unless you are prepare to part with your money..but run as far if you can when they attack.. let them fight and suffer.. pick up the carcass after the battle..

Sen9999 ( Date: 29-Apr-2019 02:10) Posted:

People who are commenting on Reputatable Shortist, did extensive research, impossible to have no truth in those reports, look at these links.

https://www.channelnewsasia.com/news/business/short---distort--the-ugly-war-between-ceos-and-activist-critics-11365684

https://asia.nikkei.com/Business/Markets/US-short-seller-fights-Hong-Kong-regulator-over-free-speech

And you will read about why these reports are usually lies and more lies.

When people say 无风不起浪 , yes. When there is just a small wind, people think the big wind is coming. Even the signs that big wind is not coming is presented, rumormongers will take the chance to "cheat" pple that the wind is coming to create fear.

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http://txjy.syggs.mofcom.gov.cn/manager/prosecute.do?method=add&id=6652565

Refer to this.
They mentioned they obtained the DS license but they have not use it at all to DS in China.

Sin_Cos_Tan ( Date: 29-Apr-2019 09:21) Posted:

1. 2016年 6月 7日，全美世界（浙江）药业有限公司获得了直销经营许可证（俗称 " 直销牌照 " " DS" ）。
这一成果来之不易，想在中国拿到一张直销行业的 " 入场券 " 太难了，十多年来，商务部总共才颁发了 91 张直销经营许可证（据商务部直销查询平台数据）。
据公开信息，全美世界（浙江）药业有限公司注册于 2000年 9月 30日，对应 2016年才拿到直销经营许可证，已历经了漫长的 16年。
2. BW only transitioned to the Franchise Model in China in the second quarter of 2018. (But can' t google the licence)

直销经营许可证 *DS licence) - 7/6/2016

Sen9999 ( Date: 28-Apr-2019 18:35) Posted:

The funny thing is, after umpteen times of saying it's not doing DS model in china, still talking about this model.

Notice in all the articles(by BT or by BR), no one mentioned they are being pull into the system. 拉人头 , it should be easy to be 拉 if it is like how those articles mentioned. During the 4months timeframe of the BR report, they never attended any of the 拉人头 seminar? Why?
Is it because there is no such event? If there is, it is so easy to join it.

Quoted from the rebuttal statement previously:

The Franchisees would purchase the Products directly from BWL China instead of the thirdparty Import Agents, and would continue to be independent third parties (in relation to the Group) and take ownership of the Products upon purchase. As opposed to the Export Model, where the Franchisees (then operating as distributors) would deal with the Primary Import Agent as customers, the transition to the Franchise Model would give the Group the ability to enter into franchise agreements with the Franchisees directly and strengthen the Group?s relationships and controls over the distribution of the Products in China. In addition, it would give the Group greater control over how the Products are promoted and sold, as the Group worked together with the Franchisees to expand the brand?s reach across China. The Company had obtained legal advice from its legal counsel, one of the largest law firms in China, confirming (a) that the operation of the Franchise Model is lawful, (b) that the Group has obtained all material licences for the conduct of such operations in China, and (c) the business of the Group under the Export Model and Franchise Model did not and do not constitute direct selling activities in China. Rationale for Transition to Franchise Model Since the Group?s entry into the China market through the Export Model, the Group had been exploring various options to evolve its business model to improve efficiency, enhance earnings and generate returns for shareholders. The Group considered transitioning the Export Model to the Direct Selling Model in China, which would require the expansion of the coverage of the Group?s direct selling licences, as well as establishing service outlets in every district of every city in which the Products are distributed due to legal requirements relating to direct selling in China. This was considered inefficient, costly and may inevitably lead to market competition between the Company and the existing primary distributors. After careful evaluation of the different options and in consideration of market factors and the competitive landscape in China, the Group decided to transition to the Franchise Model in China. The Franchise Model would allow a more seamless integration with the Group?s existing network of primary distributors under the Export Model, which would allow the Group to leverage on the growth momentum already achieved in China. In addition, given the population size and geographic expanse of the China market, the Group believed that the Franchise Model would enable the Group to effectively establish a physical presence in several locations across China through close collaborations with the Franchisees. "

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People who are commenting on Reputatable Shortist, did extensive research, impossible to have no truth in those reports, look at these links.

https://www.channelnewsasia.com/news/business/short---distort--the-ugly-war-between-ceos-and-activist-critics-11365684

https://asia.nikkei.com/Business/Markets/US-short-seller-fights-Hong-Kong-regulator-over-free-speech

And you will read about why these reports are usually lies and more lies.

When people say 无风不起浪 , yes. When there is just a small wind, people think the big wind is coming. Even the signs that big wind is not coming is presented, rumormongers will take the chance to "cheat" pple that the wind is coming to create fear.

x 0

The argument about they are president of DS association is precisely I believe they won't do illegal DS model.

Let's put some numbers into perspective.
$144million of sales in china, if say average spending per person in china is sgd$600 a month(probably average in SG by experience), so per year is $7200. $144mil / 7.2k = 20000 members in China, divide by the numbers of franchises, it's about 600 users in each franchise on avg. 600 is no astronomical figure, or is it?

It is quite funny to say easy money earned, how easy can it be after spending 28years in the business, 15years in China to earn that kind of money? How many 28years u have in your lifetime? Talk is easy, business is never easy.

stockpicker ( Date: 28-Apr-2019 20:18) Posted:

Remember, DS model alone without MLM (multi-level membership with commissions), DS is as good as dead. Franchise model has no rule about MLM yet and BWL taken the opportunity to let its Franchisees do the MLM illegally and they collect the money.. How long this will last? It is definitely not a substainable business model... Don' t forget the BWL Founder is a DS President in Singapore DS Association, they believe Franchising model is a better business model in China? LOL

stockpicker ( Date: 28-Apr-2019 19:59) Posted:

The main different not explained is that the DS is governed by a DS rules and Franchise is governed by another called Franchising rules. The other different is DS sells only the products, Franchise needs to transfer technology and must supervise the Franchisees properly or else, the responsibility falls back to the Franchisor. It is like " father and son" in a legal setup..

It is hard for Franchisor to control the Franchisees In the back stage and behind the scene, There is nothing to stop the Franchisees from setting up illegal sub Franchisees doing pyramid sellings. These illegal activities can be easily traced back to the Franchisor besides, the names of the Franchisor will be tarnished. There were court cases before and Franchisors like QuanJian and Tenesee have gone scot free but it was not long for the Laws to catch up and put them in jail for related reasons.

Anyway, if Best World is not using the same tatic and can select a good Franchisee, it will be fine however, it is hard to believe they could make good profits in just transforming to Franchising model as people like AVON must have tried before they gave up China.

We don' t think BWL has committed any fraud but we will get to know soon. But the risk of business failure is always there especially when Chinese Authorities make efforts to correct the Franchising model to ban " multi-level Franchising" , like they banned MLM.. who knows, may be tomorrow.

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I think the bigger problem was last time when during the export model, where BW has no control. Now they are controlling with the franchise agreement which is renewable on year on year basis.

Profit increase is inevitable as they are doing away with intermediaries and now doing it themselves. With the same amount of users, and growing numbers, it will be a surprise if profit is even lower, no?

Yes understanding the franchise model is the Crux. Franchise model in general is no issue, besides they have already license to do franchising.

Quoted:
"The Franchisees are independent third parties who operate BWL Lifestyle Centers and who purchase the Products from BWL China as principals and exclusively on-sell the Products to consumers and Workshops. First time consumers often visit a BWL Lifestyle Center in person in order to test Products, obtain a consultation and place orders. Repeat consumers may place orders directly with Franchisees in various ways, including by sending messages through online or mobile platforms like Wechat to Franchisees to place orders informally, make payments separately by bank transfer or online money platforms, and arrange for delivery or pickup of such products at BWL Lifestyle Centers."

I realized they had explicitly stated customers only buy from franchise. So effectively manufacturer to franchise to customers. 3 layers?

stockpicker ( Date: 28-Apr-2019 19:59) Posted:

The main different not explained is that the DS is governed by a DS rules and Franchise is governed by another called Franchising rules. The other different is DS sells only the products, Franchise needs to transfer technology and must supervise the Franchisees properly or else, the responsibility falls back to the Franchisor. It is like " father and son" in a legal setup..

It is hard for Franchisor to control the Franchisees In the back stage and behind the scene, There is nothing to stop the Franchisees from setting up illegal sub Franchisees doing pyramid sellings. These illegal activities can be easily traced back to the Franchisor besides, the names of the Franchisor will be tarnished. There were court cases before and Franchisors like QuanJian and Tenesee have gone scot free but it was not long for the Laws to catch up and put them in jail for related reasons.

Anyway, if Best World is not using the same tatic and can select a good Franchisee, it will be fine however, it is hard to believe they could make good profits in just transforming to Franchising model as people like AVON must have tried before they gave up China.

We don' t think BWL has committed any fraud but we will get to know soon. But the risk of business failure is always there especially when Chinese Authorities make efforts to correct the Franchising model to ban " multi-level Franchising" , like they banned MLM.. who knows, may be tomorrow.

Sen9999 ( Date: 28-Apr-2019 18:35) Posted:

The funny thing is, after umpteen times of saying it's not doing DS model in china, still talking about this model.

Notice in all the articles(by BT or by BR), no one mentioned they are being pull into the system. 拉人头 , it should be easy to be 拉 if it is like how those articles mentioned. During the 4months timeframe of the BR report, they never attended any of the 拉人头 seminar? Why?
Is it because there is no such event? If there is, it is so easy to join it.

Quoted from the rebuttal statement previously:

The Franchisees would purchase the Products directly from BWL China instead of the thirdparty Import Agents, and would continue to be independent third parties (in relation to the Group) and take ownership of the Products upon purchase. As opposed to the Export Model, where the Franchisees (then operating as distributors) would deal with the Primary Import Agent as customers, the transition to the Franchise Model would give the Group the ability to enter into franchise agreements with the Franchisees directly and strengthen the Group?s relationships and controls over the distribution of the Products in China. In addition, it would give the Group greater control over how the Products are promoted and sold, as the Group worked together with the Franchisees to expand the brand?s reach across China. The Company had obtained legal advice from its legal counsel, one of the largest law firms in China, confirming (a) that the operation of the Franchise Model is lawful, (b) that the Group has obtained all material licences for the conduct of such operations in China, and (c) the business of the Group under the Export Model and Franchise Model did not and do not constitute direct selling activities in China. Rationale for Transition to Franchise Model Since the Group?s entry into the China market through the Export Model, the Group had been exploring various options to evolve its business model to improve efficiency, enhance earnings and generate returns for shareholders. The Group considered transitioning the Export Model to the Direct Selling Model in China, which would require the expansion of the coverage of the Group?s direct selling licences, as well as establishing service outlets in every district of every city in which the Products are distributed due to legal requirements relating to direct selling in China. This was considered inefficient, costly and may inevitably lead to market competition between the Company and the existing primary distributors. After careful evaluation of the different options and in consideration of market factors and the competitive landscape in China, the Group decided to transition to the Franchise Model in China. The Franchise Model would allow a more seamless integration with the Group?s existing network of primary distributors under the Export Model, which would allow the Group to leverage on the growth momentum already achieved in China. In addition, given the population size and geographic expanse of the China market, the Group believed that the Franchise Model would enable the Group to effectively establish a physical presence in several locations across China through close collaborations with the Franchisees. "

x 0

The funny thing is, after umpteen times of saying it's not doing DS model in china, still talking about this model.

Notice in all the articles(by BT or by BR), no one mentioned they are being pull into the system. 拉人头 , it should be easy to be 拉 if it is like how those articles mentioned. During the 4months timeframe of the BR report, they never attended any of the 拉人头 seminar? Why?
Is it because there is no such event? If there is, it is so easy to join it.

Quoted from the rebuttal statement previously:

The Franchisees would purchase the Products directly from BWL China instead of the thirdparty Import Agents, and would continue to be independent third parties (in relation to the Group) and take ownership of the Products upon purchase. As opposed to the Export Model, where the Franchisees (then operating as distributors) would deal with the Primary Import Agent as customers, the transition to the Franchise Model would give the Group the ability to enter into franchise agreements with the Franchisees directly and strengthen the Group?s relationships and controls over the distribution of the Products in China. In addition, it would give the Group greater control over how the Products are promoted and sold, as the Group worked together with the Franchisees to expand the brand?s reach across China. The Company had obtained legal advice from its legal counsel, one of the largest law firms in China, confirming (a) that the operation of the Franchise Model is lawful, (b) that the Group has obtained all material licences for the conduct of such operations in China, and (c) the business of the Group under the Export Model and Franchise Model did not and do not constitute direct selling activities in China. Rationale for Transition to Franchise Model Since the Group?s entry into the China market through the Export Model, the Group had been exploring various options to evolve its business model to improve efficiency, enhance earnings and generate returns for shareholders. The Group considered transitioning the Export Model to the Direct Selling Model in China, which would require the expansion of the coverage of the Group?s direct selling licences, as well as establishing service outlets in every district of every city in which the Products are distributed due to legal requirements relating to direct selling in China. This was considered inefficient, costly and may inevitably lead to market competition between the Company and the existing primary distributors. After careful evaluation of the different options and in consideration of market factors and the competitive landscape in China, the Group decided to transition to the Franchise Model in China. The Franchise Model would allow a more seamless integration with the Group?s existing network of primary distributors under the Export Model, which would allow the Group to leverage on the growth momentum already achieved in China. In addition, given the population size and geographic expanse of the China market, the Group believed that the Franchise Model would enable the Group to effectively establish a physical presence in several locations across China through close collaborations with the Franchisees. "

权 健 之 后 ， 女 大 学 生 深 陷 全 美 世 界 （ 一 ）

权 健 之 后 ， 女 大 学 生 深 陷 全 美 世 界 （ 一 ）

权 健 之 后 ， 女 大 学 生 深 陷 全 美 世 界 （ 一 ）

权健之后，女大学生深陷全美世界（一）

权健之后，女大学生深陷全美世界（一）

权健之后，女大学生深陷全美世界（一）