GREY:SXHHF - Post by User
Comment by
commissionson Jul 12, 2011 2:56pm
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Post# 18823704
RE: A sales update would be nice
RE: A sales update would be niceI was told that the Hearatlast store in Edmonton has sold 65 units since it rolled out there - 3 weeks ago - thats pretty damn good - and its a very small unassumingy little store - the manager said they had zero complaints / zero returns. When you extrapolate even 1/3 that number times the number of locations that Vitasound can get the product into (12000-as per the AGM slide) - we are talking very big numbers.
Nick also said that the first store to carry them - Boutique Tone in Montreal has reordered for a 3rd time now.
Go to the updated presentation at the website and look at the AGM hard copy and look at the rollout schedule page 15- and who they are.
Radioshack - 550 locations (11000 in total) , Airport Wireless has already said they project $10000000 in sales for the 1st year - thats approx 50000 units.
JAM - 3800 locations at even 10 per store - thats 450000 / year
J&R - is one of the biggest online resellers in the world.- they have told Sonomax - just give us the product - we will sell it absolutely no question.
Skullcandy IPO is July 19th - they - from what I understand want the product for the Xmas season - their biggest client is Best Buy - if those dinky little Hearatlast stores / Boutique Tone - can sell at the rate that they are imagine at the big box store.
Plus with Skullcandy - once public we can get alot more information regarding their marketing plans / projections etc - as they will have to answer to the analysts now.
The shareprice is painful - but I believe anyone coming into the stock now will be getting a hellava bang for their buck .
I will admit these guys have frustrated me to no end shareprice wise - but it will come. All we have to do is get the frigging product into the stores.
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