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

bdrummond said:
I'm really curious about these two...are they ACTUALLY shipping since the "Updated Shipping Month" is still technically over a month later.
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I'm guessing it means they are at the warehouse now and will be shipping with next month's packages. they have been doing that lately--if the albums aren't in the warehouse before a certain date each month, they get bundled with the following months' packages.
 
Nee Lewman said:
They were definitely trying to be sold and it would appear that interested party from before is interested again from the legal filings the other week.
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yes--they were looking to be acquired and someone was interested. i just don't see how raising prices + selling wholesale shows imminent sale of the company. definitely shows they are trying to get their financials in order though which needs to happen regardless of whether or not someone wants to buy them.
 
Haimez40 said:
I preordered the repress of Black Sabbath - Masters of Reality. If I cancel that are they as quick to refund me as they were to charge me? If getting a refund is a whole ordeal, I might just wait it out. Going from July to Sept to now November is not promising.
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Wondering this too - this is the last thing I have from VMP on order. It seems like the only well-regarded version of MOR that's available for a reasonable price though (assuming the repress actually happens), so I suppose I'll wait it out.
 
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Haimez40 said:
I preordered the repress of Black Sabbath - Masters of Reality. If I cancel that are they as quick to refund me as they were to charge me? If getting a refund is a whole ordeal, I might just wait it out. Going from July to Sept to now November is not promising.
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bdrummond said:
In the past they've been pretty good about refunds. I'm not sure how that works now they canned their CS department, but I've always had good experience cancelling preorders.
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MikeH said:
they are typically quick to refund but unsure of how backed up CS is after they switched all the agents over. they seem to be really behind on stuff at the moment.
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Took a day or two longer for my refund recently than the usual quick turnaround, but nothing egregious.
 
MikeH said:
yes--they were looking to be acquired and someone was interested. i just don't see how raising prices + selling wholesale shows imminent sale of the company. definitely shows they are trying to get their financials in order though which needs to happen regardless of whether or not someone wants to buy them.
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By rising prices you show potential buyer how much more they can make in a near future while reducing the dead stock.
 
MikeH said:
yes--they were looking to be acquired and someone was interested. i just don't see how raising prices + selling wholesale shows imminent sale of the company. definitely shows they are trying to get their financials in order though which needs to happen regardless of whether or not someone wants to buy them.
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When you sell, you are selling a cash flow if the seller does not have property/IP/products as part of the deal. VMP's only value is its sub base. A buyer who feels they have dedicated sub base is basically buying a steady revenue flow. What a buyer doesn't want is to buy vaporware, where you buy it and the revenue flow dries up unexpectedly, wasnt real to begin with, or due to error in valuation, you've overpaid for an asset that is now not worth what you paid. That should get sorted out in any due diligence. Example: Twitter and it's ad revenue vs X today and bunch of investment banks holding the bag on the loans.
 
spilledleche said:
their actual savings is probably in reducing the amount of square feet of warehouse space they're paying for - my guess is by selling these to wholesalers, they no longer have to physically house the product and can reduce that footprint and see immediate savings. post covid, commercial warehousing space costs have gone up quite a bit from what i've been told.
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I'm sure cost-saving from reduced inventory space is beneficial, especially for cash flow. But there are accounting issues as well -- inventory generally is an asset on the balance sheet unless they think it's not sellable within a certain period (likely a year), and that period of time may already have been ticking, so it may have been or was potentiallly going to be converted into a liability.

Another issue can be financing/line of credit issues if the inventory itself is financed (almost certainly it is). As w/ car dealers (who need to move inventory to maintain the best financing terms and sometimes need to give better deals bc they have to move certain inventory by end of month or some other time period to stay within financint terms), VMP may have been or risked becoming upside down on the financing terms for their inventory (current and future) bc of how much inventory already subject to financed debt was sitting around. They have to be able to finance future inventory, so it may have been necessary to dump existing inventory ASAP even if terms weren't good.
 
gafacaode said:
Bandbox 2.0
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Thank you for calling VMP. No your record is not pressed yet, but soon. Would you like an additional $50 in credit?
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Skalap said:
I am not sure a potential buyer would really care abut Discord. If the buyer is a major then what he wants is a clear stock and a customer base big enough to start its own business. We'll see what happens with all of this.
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I think a potential buyer would absolutely care about the public perception of a subscription based service and Reddit and Discord are their two biggest communities. If the customer base is rapidly losing members, why would a company buy them?
 
Nee Lewman said:
I don’t know that the vocal minorities would constitute a mass exodus.
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i think that subscriber count is gonna get drastically smaller once those renewal dates hit. bet they already did this year as that freebies deal ran out. plus 15% of their base is gone with internationals as of next month. i just don't see how raising prices this much is the indicator that a sale of the company is imminent. it just shows that they need cash + are trying to dig themselves out of a hole to me.
 
MikeH said:
i think that subscriber count is gonna get drastically smaller once those renewal dates hit. bet they already did this year as that freebies deal ran out. plus 15% of their base is gone with internationals as of next month. i just don't see how raising prices this much is the indicator that a sale of the company is imminent. it just shows that they need cash + are trying to dig themselves out of a hole to me.
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I never said it was, just pointed to the fact that we know they do want to sell.
 
Nee Lewman said:
I never said it was, just pointed to the fact that we know they do want to sell.
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yea it was more for what skalap was talking about. i'm very curious who the interested party is that wanted to buy or invest heavily in VMP. Craft is the only one I can really think of but not sure why they would need VMP.

It was also mentioned that it's getting harder and harder to get titles from major labels these days. Universal is making it extremely difficult apparently to license any sort of desired titles. Interscope is off limits with their IVC club. Sony has fired their 3rd party retail team and production liason. The person who used to run some spotify accounts of Sony's is now the liason for Target and their exclusives of Sony titles. Warner and Concord are the only two majors left that will seemingly play ball. So it would make sense for VMP to want to sell since they don't control the licensing, don't control production and don't have international or much wholesale distribution (though they have that now it seems).

The value is the subscriber base and contact info/customer list. but when that dries up, as it seems to have been doing a bit lately, don't know what is left in VMP's value.
 
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