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

MyWifeHatesTrain said:
They are doing too much at once. They clearly didn’t move enough during their recent sales and are in straight up panic mode. I imagine some of that is they know there is certain percentage that is coming up for renewal that will not because of the deals last year. Raising the sub price will only exacerbate that exodus especially combined with just cutting off a whole section of their sub base.

I mentioned on the discord that they should do some focus group in solution to issues and was told by a poster they were…. I assume this really refers to the @yukbon survey thingamabob… which is not really what I was talking about but I don’t have the energy to argue with those yokels.

Like they should have asked some international subscribers about what moving forward looked like. But whatevs.
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They're doing one on one phone calls with customers.
 
MyWifeHatesTrain said:
Also if they pulled Gary away for $165k and lunches, maybe Chad should have paid him more
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But I liked the part in the files where they argued with the board that they need to build their own plant because qrp might not be able to fulfill their pressing needs anymore without mentioning that the reason for this is that they pulled their plant manager away.
A bunch of their shenanigans would probably make a decent sitcom
 
It would seem from these documents that VMP owned/owns the liability of the plant because the execs paid for it with VMP $ and negotiated at time as VMP execs. Salstrom was a VMP employee, on their payroll and benefits, further blurring the employment law lines.
VMP could sell the pressing plant. Use the proceeds to pay off debts and settle the severance lawsuit with the exes. Then, sell VMP, minus plant, to the mystery prospective buyer they cited. The current execs can leave in the transition.
The valuation of VMP would be a question however because minus the plant, they only own what LPs they've pressed, everything else is leased (release rights, rented space, etc). As they have no back catalog of their own (like Rhino, for example), the exorbitant rights leases will be what ultimately drives their costs to a point of going out of business.
 
MyWifeHatesTrain said:
They are doing too much at once. They clearly didn’t move enough during their recent sales and are in straight up panic mode. I imagine some of that is they know there is certain percentage that is coming up for renewal that will not because of the deals last year. Raising the sub price will only exacerbate that exodus especially combined with just cutting off a whole section of their sub base.

I mentioned on the discord that they should do some focus group in solution to issues and was told by a poster they were…. I assume this really refers to the @yukbon survey thingamabob… which is not really what I was talking about but I don’t have the energy to argue with those yokels.

Like they should have asked some international subscribers about what moving forward looked like. But whatevs.
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TBH, from a business standpoint they should probably call it a day.

This ship ain’t sinking, this ship done sunk.

They’re already dead they just don’t know it yet.
 
Biscuit said:
It would seem from these documents that VMP owned/owns the liability of the plant because the execs paid for it with VMP $ and negotiated at time as VMP execs. Salstrom was a VMP employee, on their payroll and benefits, further blurring the employment law lines.
VMP could sell the pressing plant. Use the proceeds to pay off debts and settle the severance lawsuit with the exes. Then, sell VMP, minus plant, to the mystery prospective buyer they cited. The current execs can leave in the transition.
The valuation of VMP would be a question however because minus the plant, they only own what LPs they've pressed, everything else is leased (release rights, rented space, etc). As they have no back catalog of their own (like Rhino, for example), the exorbitant rights leases will be what ultimately drives their costs to a point of going out of business.
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The plant has already been sold. Gary and Dave Rawlings bought it and renamed it Paramount Pressing. They are doing all the Gillian and Dave stuff.
 
MyWifeHatesTrain said:
They are doing too much at once. They clearly didn’t move enough during their recent sales and are in straight up panic mode. I imagine some of that is they know there is certain percentage that is coming up for renewal that will not because of the deals last year. Raising the sub price will only exacerbate that exodus especially combined with just cutting off a whole section of their sub base.

I mentioned on the discord that they should do some focus group in solution to issues and was told by a poster they were…. I assume this really refers to the @yukbon survey thingamabob… which is not really what I was talking about but I don’t have the energy to argue with those yokels.

Like they should have asked some international subscribers about what moving forward looked like. But whatevs.
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my ... survey?
 
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