This is not a PR from VBDG. This is not an interview from VBDG. This is not an estimate from VBDG.
This is a forecast from the Discovery Channel's show Pitchmen themselves after testing out the ad "on a variety of networks and time slots" on the show for all kinds of new products then forecasts their failure or success rate based on the success or failure rate of how much money the TV ad testing brought back in sales. VBDG's just launched product "the tool bandit" is forecasted to be a "grand slam" with "gross sales up to $700k/week" as the ad generated 3.5 times in sales vs. the cost of the ad. This also coincides with what I heard that when the tool bandit was featured briefly on The Today Show, it sold 10k units within 5 minutes.
Which probably explains this:
VBDG update -- monster game-changing news on 5/11/09:
It seems like all of VBDG financials concerns just disappeared. VBDG has massive demand via unfilled orders from 40,000 retail outlets. A much bigger fish (P2F Holdings) has agreed to bankroll their orders 100% in exchange for a portion of their profits. They will pay for all manufacture, distribution, delivery, inventory, and overhead for VBDG's retail sales and split the profits with VBDG, giving back VBDG royalty checks which are 100% profit to VBDG since P2F will bankroll EVERYTHING. In the dream contract, P2F is guaranteeing them as absolute minimums millions of dollars every year including $2.8 million in the first 2 months (ending June 30, 2009) which is, again, virtually all profit since P2F is taking on all of the risk & expenses. Meanwhile, VBDG's expenses on top of this have fallen off a cliff. VBDG will be easily nicely profitable going forward IMO without even trying.....in this case, quite literally.
In the mean time, while P2F does all the work, takes all the risk, and handles all of the expenses, VBDG is left to develop new products and focus on the development and selling via infomercial while receiving guaranteed large checks from P2F.
Also as part of the news, they successfully renegotiated their notes that the market was concerned over to terms that require zero payments until September 2009 and then only $50,000/month. Total dilution = 0 shares, 0 warrants. Absolutely NONE as they have no foreseeable need to raise a lick of capital.
VBDG has 30 million shares outstanding and a tiny market cap, very few expenses now and a guaranteed highly profitable income stream.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
