Best World

[chialc88]

Thanks weijian.
Indeed, we all had a great weekend.
The birds still chirping happily and the cool wind make me fresh.

The rule is clear:
禁止多层计酬和网络直销，
直销企业支付给直销员的报酬只能按照直销员本人直接向最终消费者销售产品的收入计算，
而以“下线的销售业绩为依据计算和给付上线报酬”则被列为被禁止的传销行为。

How is it possible that BestWorld achieve such a fantastic result in China without using 多层计酬?

The leading question is:
Without 多层计酬, how successful will be BestWorld in China?

And, the follow up question is:
With Direct Selling license, will BestWorld be able to achieve a result as good as current (not say better lar)?

My instinct tells me that Dora/Doreen/HBC had taken their eyes off DS license,
for obvious reason.


    


Dora/Doreen/HBC ,I just felt that instead of spending time on popping up share price and financial engineering,
why not work closer with China export team?
Get the DS center setup asap;
Be proactive, given such an excellent opportunity,
Make full use of these critical 3 months and do the right things.

When there is a mistake, let there be truth.

Keep it up!
宝贝 加油! 用心生活.

[Ray168]

Excerpts from Maybank Kim Eng report
https://www.nextinsight.net/story-archiv...maybank-ke

Analyst: John Cheong
BEST’s share price has underperformed peers

Since the Bloomberg news article on 15 Aug 2016, the share prices of all three US-listed direct selling companies featured in the article have declined notably: Herbalife (-6%), Nu Skin (-8%) and Usana (-4%). However, BEST’s share price decline of 19% is higher.

This could be due to higher dependency of BEST on China where c.50% of sales are from China vs Herbalife (19%), Nu Skin (36%) and Usana (4%).

Chief operating officer Huang Ban Chin. NextInsight file photo

[size=undefined]Q&A with management

[/size]1. What is the impact from the Chinese government’s crackdown on pyramid schemes on your China operations?
We do not expect any impact as our business is not a pyramid scheme. We highlighted in our response to the Bloomberg article the distinctions between a pyramid scheme and direct selling.

Moreover, we are still operating under an export model and have notified the local authorities of all of our activities. More importantly, the crackdown should not impact licensed direct sellers who are running their business in a proper manner. The campaign aims to crack down on the illegal investment-related schemes and recruitment websites.

2. Will you consider delaying the conversion of your current export business model into direct selling model? What are the key differences between both models?
We will not delay the conversion process. The key difference between the two models is accounting recognition of revenue and commissions. However, there will be minimal earnings impact.

For the business operations, there will also be minimal impact. The reason why we spent so much time and resources to secure the direct selling licence in China is to raise our profile and to prevent regulatory issues as we are a direct-selling company outside of China. Our key success factor in China is our product strength.

3. What are your plans to regain investors’ confidence, after the major correction in your share price?
For starters, the company, founders and directors have bought back shares in the open market since the share price correction.

Also, we will be writing to the World Federation of Direct Selling Association to request it to issue a clarification that China’s crackdown is aimed at pyramid schemes, and not the licensed direct sellers. More importantly, we will continue to deliver a consistent set of results, particularly for our China operations.

.............

Not vested.

[Boon]

Download a copy before it disappears

2013年晋升的全美世界铂阶企业经理. ... 陈冠霖PD短片（2013）

[Boon]

Motivation speech by Dora Hoan

[Boon]

[Boon]

Download before it disappears

[Boon]

Yang Min PD

[Boon]

@ Nikki:
 
For clarification, there is no prior mandatory contribution requirement for anyone to comment on other’s postings – this could be a misconception formed by you from comments made by a few other buddies, which were wrong.
 
Please don’t complain that there was nothing NEW in the thread (which was not the case) if you yourself could not contribute  something NEW to it – that was exactly my point.
 
For the good of the forum, I think it would be worthwhile to pursue further debate on what “personal issues” of yours or mine are considered OOT, after all, investing to most of us, is a “personal” undertaking, isn’t it ? But I would leave it for another day as I have a more “meaningful” dissecting exercise to do.
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@ a few other buddies:
 
Thanks, for the support but you were wrong.
 
Anybody, regardless of gender (lady, man, shemale), seniority ( senior, junior, newbie), level of contribution (has contributed a lot or has contributed nothing) can comment on any other’s postings in an open forum.
 
Name of the game is to follow the rules or face the consequences – PROVIDED the rules are clearly defined.
 
For the good of the forum, I think it would be worthwhile  to pursue further debate on whether the rules are clear. But I would leave it for another day as I have a more “meaningful” dissecting exercise to do.
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So a few buddies (me included -  can the list be disclosed?) had been banned for a week.
 
How many “NEW” posting had been made during  this period?
 
Was it a good decision ?
 
Was it a good outcome?
 
In the notion of alternative histories by Nassim Taleb:
 
“we see what's visible and available. Often this is nothing more than randomness and yet we wrap a narrative around it. A good outcome means we made the right decisions, right? Not so quick. If we were wise we would not judge performance in any field by results (outcome bias).”
 
What could be the “substitute courses of events”?
 
Could there be a better outcome?
 
For the good of the forum, I think it would be worthwhile to pursue further debate on this - but I would leave it for another day as I have a more “meaningful” dissecting exercise to do.
 
Perhaps, Chialc88 is still pondering over what could be the alternative histories of a 15 -bagger………………………
 
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“Our ANONYMOUS online persona is a BETTER reflection of who we really are.”  - that's my opinion.
 
On one hand, anonymity does encourage incivility (rude or unsociable speech or behavior.)
 
But on the other hand, anonymity also encourage participation and risk taking which could boost a certain kind of creative thinking and lead to improvements in one’s problem solving skill.
 
“Thought provoking incivility act” could sometimes spark off creative thinking in the midst of a heated debate.
 
Incivility act which leads to more incivility is bad (with hindsight benefit) and should be discouraged.
 
Incivility act which leads to creative thinking is good (with hindsight benefit) and should be encouraged.
 
But without hindsight benefit of the outcome, how could one know what is good and what is bad?
 
For the good of the forum, I think it would be worthwhile to pursue further debate on how to strike an appropriate balance between promoting and stifling anonymous online risk taking to provoke creative thinking  - but I would leave it for another day as I have a more “meaningful” dissecting exercise to do.
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“It takes 20 years to build a reputation and five minuted to ruin it.”, but there is a second part to it which is “If you think about that you'll do things differently.”
 
What is the anonymous online persona (disinhibited) of WB? Could it ever be discovered? I wonder……………………
 
It took me more than 5 min (many many more x 5 minutes) to THINK about how to do things differently – and I INTENTIONALLY did what I did - very DIFFERENTLY, wasn’t it?
 
It was a reputation RUINING act, no doubt about it – done INTENTIONALLY to……….
 
But without knowing the OUTCOME of how Millionfaith could have reacted to my postings - who is to say my decision for making such postings was a BAD one – other than it had harm my reputation – which ironically was my intention.
 
What is the meaning of “reputation” in an anonymous online world in which histories could be substituted/deleted at the discretion of a moderator?
 
Very interesting topics to look into indeed - but I would leave it for another day as I have a more “meaningful” dissecting exercise to do.
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“All out of topic posts (of the last 1 week) in which the main message/spirit of the post does not involve BW's business/value/prospects, have been deleted.”
 
What has happened had happened in EXACTLY the ways it had happened.
 
By deleting the ORIGINAL posts – in the notion of alternatives histories (from Nassim Taleb), HISTORY would have been played out differently in ANOTHER way – which is not ACTUALLY the case.
 
By deleting the original posts, what EXACTLY had happened would have been misrepresented and distorted.
 
By deleting the original posts, Millionfaith’s strong point, which is definitely not off topic, would have been unfairly censored along with her other “ OOT points.”
 
Her strong point is :
 
“The reason why I explore MLM is not just an income from one single market, it is the international sales that I can leverage on. That is to say, although the China IBOs may not be able to generate multi level income from his China group, he can derive income from his global sales, all the markets that the company is in. The income from overseas can also be greater than the income from home market, it all depends. And this could be one POSSIBILITY.”
 
By deleting the original posts, ALL good points would have been “unfairly” deleted.
 
By deleting the original posts, all “wrong doings” would have been “UNDONE”
 
Is there a better way to do it?
 
Wouldn’t it be EASIER, better, FAIRER and more effective for Moderators to ADD - by wrapping a Moderator narrative around it – WITHOUT deleting any of the original postings.
 
For the good of the forum, I think it would be worthwhile to pursue further debate on this - but I would leave it for another day as I have a more “meaningful” dissecting exercise to do.
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Has the moderator “interrupted” pre-maturely?
 
The lists could go on but let’s save it for “another day” – but “another day” may never come if creative learning spirit is stifled in the name of “OOT” in the way it is happening now – I could be banned  permanently or I could ban myself permanently from this forum…………
 
But as intended, I got a dissecting exercise to do ………..
 
From Howards Mark:
 
“The price of a security at a given point in time reflects the consensus of investors regarding its value. The big gains arise when the consensus turns out to have under estimated reality. To be able to take advantage of such divergences, you have to think in a way that departs from the consensus; you have to think different and better. This goal can be described as “second-level thinking” or “variant perception.”
 
Superior performance doesn’t come from being right, but from being more right than the consensus. You can be right about something and perform just average if everyone else is right, too. Or you can be wrong and outperform if everyone else is more wrong.
 
Investors would be wise to accept that they can’t see the macro future and restrict themselves to doing things that are within their power. These include gaining insight regarding companies, industries and securities; controlling emotion; and behaving in a contrarian and counter-cyclical manner. “
 
Questions:
1)  Have the market consensus over estimated or under estimated the reality of BWI’s China business model?
2)  Who is more right or more wrong?
3)  Can we gain further insight into the Company?
 
The limits of the possible can only be defined by going beyond them into the impossible. – Arthur C. Clarke
 
Should I ban myself for another week? Ha-ha !

Ha-ha ! could be a "thought provoking act" to some but an "incivility act" to others..............

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[chialc88]

Ha Ha Boon.
Not thinking about the alternative history lar...
history already made...
thanks to you for prompting me to buy at bwl's low point and sell at it's high.

Ka-Chiang, Ka-Chiang... 1/3 of it save and sound in SCB...
remaining already dump into Singapore Shipping Corp and Straco.
(I read from vb.com that you were keen in SingShip.  Why not dig it up again?
   something quite interesting is building up...my sixth sense)

Meanwhile, I still think that BWL is a good company.
We ought to give Dora and her executive time to do the right things.
(which I had a feeling that they are stuck and will really need someone/some trigger to move faster.)

Dora, watch the video and remember that we are in for long haul:




宝贝 加油! 用心生活.

[Boon]

Download a copy before it disappears

2013年晋升的全美世界铂阶企业经理. ... 陈冠霖PD短片（2013）

Testimony speech from CGL:
 
“Many do not understand Direct Selling.
Some have thought it is a “quick money” scheme while others have misled that DS could turn them into millionaires overnight.
How could this be true? If so, no body needs to work hard.
If no one is willing to work hard for sales, how could they get income?
There was one time I was at a loss, my team members had abandoned me for quick money. Initially, they tried to poach me to join them.
I was also bitter when I saw they joined a company that was not product oriented, yet claimed that they achieved more. However, the outcome became clear after some time.
I have stuck with my principles and remained with BWL, continuously accumulating knowledge and experience, gradually building up my network and increasing my income………………..
During the tough time, only DMJ was the one who stayed with me in BWL to build our business from scratch …………………………………………..”
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CGL implied that he and DMJ had been engaging in Direct Selling activities with BWL by building up their network and increasing his income……………….
 
Engaging in DS activities in China without a DS license is another violation of the rule.