Usana distributors are volunteers, according to the CFO
Usana Health Sciences Inc. CFO Gil Fuller (they guy who called himself a CPA when he didn’t have a license) has been trying to spin many of the negative facts being revealed about the company. This one is fantastic.
Fuller gave a presentation on Thursday at the Morgan Stanley Small Cap Executive Conference in New York City. Zac Bissonnettte at BloggingStocks listened to the recording of the presentation and had this to say:
When asked about whether he is a CPA during the company’s analyst presentation on Thursday, Fuller joked that he needed to ask Bill Clinton’s attorney about the definition of is. But the highlight of the presentation came earlier when Fuller explained the company’s “business opportunity” by saying that “direct selling implies a volunteer army…”
Now what a great explanation for why almost no one is making money in Usana. They’re volunteers. Apparently volunteering to spend their money, so the company can use that money to repurchase stock, so that management can get rich exercising their stock options. What a great volunteer opportunity!
People will say and do anything to justify what they have done once caught. I guess so many have gotten away with this for so long they think they can fool people by rewording things. It is sad….soooo sad. Usana and his gooneys should be locked up tight for a long time!