Yeah, it's worth noting that neither of the previous times they pulled this scheme resulted in a particularly dramatic spike in the SP or anything. It just enabled personal profits at the expense of share holders. I can't believe how naive the shareholder above is to think that a potentially corrupt management is going to benefit them.
With A2M, it simply slowed down (but significantly worsened) a drop on the SP from its all time high. Peter Nathan cashed out all his shares at the peak, then authorised lucrative incentives payments to daigous like Zhang to 'stimulate' sales. However, they just stashed tins away in warehouses and kept taking the money while the problems worsened.
Then at BUB, they moved on a desperate company wanting to emulate A2M's early success (just like AHF). They even created a specific copy of A2 platinum for Andy to market and distribute. Somehow he negotiated huge incentive payments into the distribution contract so that he was paid millions for simply taking a large amount of inventory, which again just ended up in a warehouse gathering dust. No SP spike here either, only millions $$ paid to Zhang and co.
What people ought to realise is that Nathan and Zhang made it big during the daigou boom when any man and his dog could make a fortune. Now the world has moved on but they haven't- they are still pursuing the daigou model solely because that's all they know. It's probably also because it is a less transparent model with less oversight over inventory levels, giving more latitude to con investors into buying into the whole 'next A2' story. It's already working on some here.
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