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  "documentTitle": "New Age Beverage Corp. (NBEV)",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-06-27 00:00:00",
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  "notes": "The slide uses a comparative case study approach to suggest that Morinda faces similar risks to NHTC, which previously suffered a stock price collapse following a CCTV exposé.",
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      "text": "Why is this important? Because the CCTV program made the \"诺丽果汁\" very well known (in a bad way) during their NHTC coverage.",
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      "text": "On January 5, 2019, CCTV Channel 13 (China Central Television is the predominant state television broadcaster in China) aired an 18 minute program that alleged NHTC was a pyramid scheme in China.",
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      "text": "Chinese authorities suspended the registration and approval of direct selling amid a nationwide crackdown on wrongdoing in the health products market.",
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      "text": "Natural Health Trends Corp (NHTC) is a NASDAQ listed company, with their main business involved in direct selling to consumers in China. Similar to Morinda, NHTC also operates through multi-level marketing arrangements.",
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      "text": "How NBEV is linked to Natural Health Trends Corp (NHTC)",
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