{"id":619,"date":"2007-04-20T09:15:33","date_gmt":"2007-04-20T15:15:33","guid":{"rendered":"http:\/\/www.sequence-inc.com\/fraudfiles\/2007\/04\/20\/the-usana-earnings-call-things-just-dont-add-up\/"},"modified":"2010-06-12T21:44:31","modified_gmt":"2010-06-13T03:44:31","slug":"the-usana-earnings-call-things-just-dont-add-up","status":"publish","type":"post","link":"https:\/\/www.sequenceinc.com\/fraudfiles\/the-usana-earnings-call-things-just-dont-add-up\/","title":{"rendered":"The Usana earnings call: Things just don&#8217;t add up"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloggingstocks.com\/bloggers\/zac-bissonnette\/\">Zac Bissonnette<\/a> over at BloggingStocks has <a href=\"http:\/\/www.bloggingstocks.com\/2007\/04\/19\/usana-health-sciences-invokes-the-chewbacca-defense\/\">another great post about Usana Health Sciences<\/a>. He listened to the earnings call on Wednesday, and seems to be just as surpised as I was.<\/p>\n<p>Surprised? Yes. Surpised that the executives (Dave Wentz and Gil Fuller) would go so far as to make <a href=\"http:\/\/www.sequence-inc.com\/fraudfiles\/2007\/04\/19\/gil-fuller-cfo-of-usana-says-almost-no-one-wants-to-make-money-in-usana-anyway\/\">certain apparent misrepresentations<\/a> about the [tag]Usana[\/tag] distributors.<\/p>\n<p>Zac has some questions about this &#8220;only 12% of distributors really want to make money&#8221; statement by Gil Fuller. Zac wonders how the huge attrition rates in the first year (at least 75% quit in the first year&#8230; maybe up to 90%) tie into the figure. If so many are in Usana just for the vitamins, why are they quitting so fast? Or is the 12% figure a total [tag]fraud[\/tag], aimed at getting rid of the questions?<\/p>\n<p>I think the Usana executives are foolishly grasping at straws here. Instead of being upfront about the real numbers and explaining why almost no one makes money in Usana&#8230; they&#8217;ve been busy relying on the &#8220;he&#8217;s a felon&#8221; defense.<\/p>\n<p>Nice [tag]detective[\/tag] work. Guess what guys? We already knew Barry Minkow was a felon, and that didn&#8217;t stop him from investigating a whole bunch of companies and receiving <a href=\"http:\/\/frauddiscovery.net\/FBI%20Letter%20of%20Commendation.pdf\">a commendation letter from the FBI<\/a>.<\/p>\n<p>So what&#8217;s the plan now? More diversion, it seems. And they&#8217;ve been getting away with it. <strong>None<\/strong> of the Wall Street Analysts seems capable of asking Usana a <strong>hard<\/strong> question. Why is that? For them, Usana&#8217;s diversion is working. For the rest of the world, we&#8217;ll just have to wait and see. I predict more trouble for Usana soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zac Bissonnette over at BloggingStocks has another great post about Usana Health Sciences. He listened to the earnings call on Wednesday, and seems to be just as surpised as I was. Surprised? Yes. Surpised that the executives (Dave Wentz and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[184],"tags":[],"class_list":["post-619","post","type-post","status-publish","format-standard","hentry","category-pyramid-schemes-mlm"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6Z0e-9Z","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/comments?post=619"}],"version-history":[{"count":0,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/posts\/619\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/media?parent=619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/categories?post=619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sequenceinc.com\/fraudfiles\/wp-json\/wp\/v2\/tags?post=619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}