|NUSKIN logo (Photo credit: Ellery Chen)|
Just reading this paragraph from Xinhua (Chinese official press agency) is enough to send NuSkin stock price in the US plummet 30%.
BEIJING, Jan. 16 (Xinhua) -- Local authorities have been told to investigate media reports that allege Nu Skin distributes false information and conducts illegal business in China, the country's State Administration for Industry and Commerce (SAIC) said Thursday.The "media reports" in China had been posted in June or July 2013, as had continued research from Citron Research, since 2012! [Link 1] [Link 2]
if you wish to do your own research, what you need to know is reports are in Chinese, so you will need to search with the Chinese name: 如新
When China represents 30% of the company's revenue, and sales had SHRUNK in the rest of the world vs. China, this is going to be a MAJOR blow to NuSkin, whether the reports are 100% true or not. And there's no doubt there is *some* truth to the media reports, esp. when it came from widely different sources, in different parts of the country, and even Citron's own investigative report.
But what's REALLY disturbing is the cult-brainwashing.