MikeH
Well-Known Member
i wouldn't be shocked if at the start of the year they had 20k. they got a lot of people to sign up with all those 40% off sales + the freebies deal I bet. Would also bet that many of those customers are gone when it came time to pay "full price", they couldn't predict pressing numbers easily which led to lots of dead stock and now they don't have international customers.I doubt they have 20k subscribers any more. Most vinyl people I know in real life think decently of them but don’t have a subscription (a number of whom used to). I could see that number being closer to 10k and that’s why there more of a financial squeeze.
the financial squeeze is probably due to a number of awful financial decisions and stuff being siphoned to the plant + stuff like hiring then firing the mondo dudes after they did like 2 projects, paying for gary salstrom without him actually being a VMP employee, etc.
those 40% off sales were such an awful idea. completely devalued the product for tons of people.