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  "documentTitle": "New Age Beverage Corp. (NBEV)",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-06-27 00:00:00",
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      "text": "People might argue that Morinda, as opposed to NHTC, obtained a direct selling license in China. However, having a direct-selling license does not prevent scrutiny and even a crack down from the regulators in China.",
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      "text": "GRIZZLY REPORTS",
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      "text": "Morinda's main product is sold in China under the same Chinese name (in short) as NHTC's product could make the customers/members hesitant or even unable to purchase or promote Noni juice, thus hurting Morinda's business prospects in China substantially. This is the exact scenario that played out in the case of NHTC. Like most multi-level marketing businesses, Morinda heavily relies on the public perception of its product and its ability to recruit more people into the system. We interviewed an industry expert who maintained close relationships with senior members of NHTC and our suspicions were confirmed: People are currently very skeptical of the product Noni juice and it has become increasingly harder to convince people to purchase or resell the product in China.",
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      "text": "People might argue that Morinda, as opposed to NHTC, obtained a direct selling license in China. However, having a direct-selling license does not prevent scrutiny and even a crack down from the regulators in China. For example, Chinese regulators have tried to crack down on at least 4 big-scale MLM companies with direct-selling licenses. Those companies are Hualin Group, Quanjian Group, Infinitus (China), and Tianshi Group. We found the following report in China, published in 2018, that had strong allegations regarding Morinda's business conduct.",
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      "kind": "quote",
      "text": "\"……大溪地却涉嫌跨区域直销、超范围销售产品的违法违规行为，同时其采用的奖金制度也涉嫌多层次计酬。\" — \"Tahitian [Noni] is suspected to conduct direct-selling business and sell products in areas that are not allowed by the rules, and in the meantime the reward compensation system is suspected as calculating compensation in multiple levels.\"",
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      "kind": "quote",
      "text": "\"根据中国消费者报 2017 年 3 月 15 日的报道……\" — \"According to the China Consumer News report on March 15, 2017, Tahitian Noni Beverages (China) Co., Ltd has been developing its direct-selling business and expanding its geographic areas, and [it has] set up branches in Beijing, Shanxi, Shandong, Liaoning, Shanghai, Zhejiang, Jiangsu, Fujian, Guangdong, and Chongqing.\"",
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        "source": "China Consumer News",
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      "kind": "quote",
      "text": "“......大溪地却涉嫌跨区域直销、超范围销售产品的违法违规行为，同时其采用的奖金制度也涉嫌多层次计酬。” — China Consumer News report (paraphrased)",
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      "kind": "title",
      "text": "Additional Evidence that Morinda is operating illegally in China",
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