Vinyl Me Please (store, exclusives, swaps, etc)

Mather said:
I think the vast majority of VMP subscribers could care less about any of this as long as they get their coloured vinyl every month, wherever it's pressed. So I don't think they'll lose much there, however in terms of whether this signals actual money problems at VMP that could be an issue, yeah I can certainly see that being the case.
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I agree on the first part, but if they overextended themselves trying to go after audiophile money they're effectively giving up on that now and if they don't realize that then the subscriber business is in trouble.
 
I have two things to say. First, I think people are probably overreacting to that article. I mean, there is a lot missing factually since it is a short piece and I would suggest that there are some strategic moves taking place here by the venture capitalist "owners". Perhaps waiting and seeing what comes of this might be the best course of action, though I do realize that some may need to protect their finances vis a vis their preorders. Second, as for the lawsuit, while it doesn't seem that there is much more out there, please remember that attorneys are paid for their persuasive writing skills and the truth, like much in life, is somewhere in the middle. If you post Offbeat/Defendant's response to the complaint and we can see the facts in their totality, perhaps a clearer picture of reality may exist.
 
Holdsworthian said:
I have two things to say. First, I think people are probably overreacting to that article. I mean, there is a lot missing factually since it is a short piece and I would suggest that there are some strategic moves taking place here by the venture capitalist "owners". Perhaps waiting and seeing what comes of this might be the best course of action, though I do realize that some may need to protect their finances vis a vis their preorders. Second, as for the lawsuit, while it doesn't seem that there is much more out there, please remember that attorneys are paid for their persuasive writing skills and the truth, like much in life, is somewhere in the middle. If you post Offbeat/Defendant's response to the complaint and we can see the facts in their totality, perhaps a clearer picture of reality may exist.
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Yeah honestly the only thing I'm taking from this is we're going to be seeing a lot of GZ. But other than that I honestly doubt anything changes much.
 
Holdsworthian said:
I have two things to say. First, I think people are probably overreacting to that article. I mean, there is a lot missing factually since it is a short piece and I would suggest that there are some strategic moves taking place here by the venture capitalist "owners". Perhaps waiting and seeing what comes of this might be the best course of action, though I do realize that some may need to protect their finances vis a vis their preorders. Second, as for the lawsuit, while it doesn't seem that there is much more out there, please remember that attorneys are paid for their persuasive writing skills and the truth, like much in life, is somewhere in the middle. If you post Offbeat/Defendant's response to the complaint and we can see the facts in their totality, perhaps a clearer picture of reality may exist.
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Meh.
I waited several months after paying a wad of cash for something that was supposed to come out Dec/Jan.
Then that became April.
Then that became June.
Now all this drama unfolding, and they don't know where Impulse will be pressed now, which means they have zero clue on the timeline.

You may think it's overreacting, I think it's not willing to pay $300-400 to the circus and hoping they put on a killer show. People can do whatever they want, hell if they want to wait, good on em....but I'm cutting my losses.
 
Holdsworthian said:
I have two things to say. First, I think people are probably overreacting to that article. I mean, there is a lot missing factually since it is a short piece and I would suggest that there are some strategic moves taking place here by the venture capitalist "owners". Perhaps waiting and seeing what comes of this might be the best course of action, though I do realize that some may need to protect their finances vis a vis their preorders. Second, as for the lawsuit, while it doesn't seem that there is much more out there, please remember that attorneys are paid for their persuasive writing skills and the truth, like much in life, is somewhere in the middle. If you post Offbeat/Defendant's response to the complaint and we can see the facts in their totality, perhaps a clearer picture of reality may exist.
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I think that only matters if you care about who's right/wrong in this dispute. But I could care less about what any of the claims are. I only care that the pressing plant is not going to be pressing the records I bought and, if it came to the point of dissolving the relationship over money, then i don't want it to be my money that's burned in the middle if it means VMP is on shaky financial grounds. They already have 7 more months of my money and that's enough to gamble with on their bad decisions.
 
Re the above, the point is that building something like this takes a ton of more time than expected and their biggest failure was communication. If anyone here has gone through a process like this, especially one that involves governmental approvals, financing, construction and all that relates to a project like this, this is not too out of the ordinary. Maybe Denver is about the same as here, where it takes forever to accomplish anything.
 
boychik0830 said:
Woops I meant to post it in the magnolia records club form.
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Hemotep said:
I think that only matters if you care about who's right/wrong in this dispute. But I could care less about what any of the claims are. I only care that the pressing plant is not going to be pressing the records I bought and, if it came to the point of dissolving the relationship over money, then i don't want it to be my money that's burned in the middle if it means VMP is on shaky financial grounds. They already have 7 more months of money and that's enough to gamble with on their bad decisions.
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Totally get it. This is why I have no preorders in personally. My point is that people on this thread seem to be saying that VMP is going down in flames because of this. I think that's a bit hyperbolic.
 
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Holdsworthian said:
Totally get it. This is why I have no preorders in personally. My point is that people on this thread seem to be saying that VMP is going down in flames because of this. I think that's a bit hyperbolic.
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I agree with this. With 20k subscribers, the amount of money mentioned in that Complaint $1.5-2m (loan from VMP to plant; Salstrom’s salary; etc) shouldn’t be significant enough to threaten the company unless there has been uttter mismanagement in other ways. The fire sales give me pause, but that could just be good management with sort-of-new interim exec.
 
Holdsworthian said:
Totally get it. This is why I have no preorders in personally. My point is that people on this thread seem to be saying that VMP is going down in flames because of this. I think that's a bit hyperbolic.
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It may be.
But this whole model kind of relies upon trust.
Trust to subscribe to a 12/6/3 month membership. Or trust that that expensive boxset preorder is actually going to show up at your doorstep. Trust that the product you're getting is going to be high quality.

That trust is definitely eroding. Will it sink them? Only time will tell, but my trust was cracked with the delays, and now broken to the point of cancellation because I have no idea WHEN I'm getting that product, let alone if.
 
Holdsworthian said:
Totally get it. This is why I have no preorders in personally. My point is that people on this thread seem to be saying that VMP is going down in flames because of this. I think that's a bit hyperbolic.
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I don’t think anyone is saying that VMP is going down in flames necessarily. Just that their business practices seem, at best sloppy, at worst unscrupulous and if, as a record collecting community, we are semi invested in the company through memberships and preorders then we might want to move with caution for the time being until there is a clearer picture of what’s going on.
 
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