China IF market will expand 21%, page-64

Mado you can't have it both ways either Goldman Sachs narrative is correct or we are supply constraint. Just last week you were crowing about the Goldman Sachs narrative that we had too much stock and too few sales narrative and now we are supply constraint. Make up your mind. I'll quote Goldman Sachs below:

"Furthermore, our feedback from channel checks continue to suggest an abundance of product across Australian retailers and Daigou stores particularly stages 1 and 2 product."

Stop sitting on the fence tell us which narrative is correct. Is there too much stock which clearly we cannot see from the two largest retailers in Australia and therefore GS is "lying". Or we are supply constraint and our stock is empty. I say GS "lying" cause they released their guidance 2 weeks ago and things dont change that quickly.