The Upcoming HY Report, page-238

Fair enough. I understand that China had last year a stronger drop in the reproduction rate than the years before, but admittedly - most of it must have happened before the productive parents knew about Covid - i.e. assuming Covid as cause for the better part of the 2020 reproduction rate was my bad.

Point to you (not that it matters : Problem for ATM obviously would not be the claimed cause for the drop, but the drop itself. As well - I never claimed that this would be the major problem for the current situation. Drop of birth rate will impact on the future growth rate (which impact on the price people are prepared to pay for the share), but it in the short term it is insignificant compared to the distribution issues the company has.

So - before we go into the deeper part of the Chinese reproduction methods ... I think you are producing red herrings anyway - and I am not quite sure from what you want to divert?

Fact is - ATM had two significant downgrades and it is not quite clear yet whether they managed to resolve their distribution channel and related marketing problems. This is the point to focus on in my view for existing and potential future holders. Anything else is just diversion.
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