What A2M have is the brand and marketing. It is certainly no accident they could generate close to $1B sales. Go to the supermarket shelf and why A2M rack is always thinly stock while some others are gathering dust? China e-commerce law changes is a good thing to clamp down on small dodgy sellers and tax evaders. I am confident management will sort out the legit distribution channel once things are cleared up. They got money in the bank to work this through. Bear in mind A2M is a NZ company and they celebrate Chinese New Year as a public holiday there, so they are more culturally and politically aligned than you think. Just my opinion.
Bloomberg TV, page-129
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