9 months later BATS CEO said illegal disposables are estimated to have 6 out of 10 billion market share.
Cigarettes are declining at almost 10%, and VUSE is unable to compete.
Do you still feel the FDA will enforce anything? I can't imagine police raiding vape shops and small online retailers...
I'm not from the US and don't understand the regulatory environment (tools at FDA disposal - is there anything more than writing angry letters?). Are you still confident the market will be cleared out of illegal stuff?
Assuming nothing changes, how woude that reflect on BATs valuation?
9 months later BATS CEO said illegal disposables are estimated to have 6 out of 10 billion market share.
Cigarettes are declining at almost 10%, and VUSE is unable to compete.
Do you still feel the FDA will enforce anything? I can't imagine police raiding vape shops and small online retailers...
I'm not from the US and don't understand the regulatory environment (tools at FDA disposal - is there anything more than writing angry letters?). Are you still confident the market will be cleared out of illegal stuff?
Assuming nothing changes, how woude that reflect on BATs valuation?