Thanks for this Beebee.I was inspired by the the confidence coming from Jayne in relation to the upcoming changes of the new e-commerce laws.
Jayne Hrdlicka text excerpt from Your Money Video:
“What we are very confident about is two things :One we got the lot of flexibility when the multi channel strategy into china, so whatever happens with respect to laws and regulations and you can expect we're doing quite a lot behind the scenes to make sure that we're prepared for any possible scenario so we are confident we have got a multi channel strategy into market.
We’ve got both China label in English label products both are doing very well, and we've been working overtime to ensure that our Daigou network is very sophisticated and it already complies with the expectations of the Chinese regulator.
We are already shipping our products through Daigous into the free trade zone they are already paying tax they are already go through normal customs procedures, which is all outlined as part of the move with respect to this new e-commerce law,
So honestly from our standpoint we’re well prepared we are looking forward to increase the sophistication with think this placed our hand because we have quite a sophisticated commercial Daigou structure, and we will work to ensure that our product is in hand to consumers because there is quite a lot of demand that sits behind our brand, will do whatever we need to do to ensure that we comply with regulations and there is no change to supply lines into a market that are very hungry for product. “
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Ignore all the noise that the current fearmongers and instos shorters are doing to push this SP down to make money in the ST.
This should be viewed more positively as a massive buying opportunity to buy at a stock sale discount for all LT investors, as the strength of this company's fundamentals will win this battle for sure!
GLTA LT SHs & DYOR
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