To Elio and a few other you keep begging for news.
First of all, if you read the press release, it said that
<< BNEZ announced today that is has signed a contract with Ingram Micro.
This contract will allow us to place PMA in many of the major retail chains throughout the US.>>
First of all, what does this mean,??? IT means that we have signed them up as a distributor, that is it, they aren't promising us
(INGRAM) a damn thing, except that they will buy some product and see if it sells to their clients. ( they could order 1k, 5k, 25k or even 50,000 copies the first time around).
I personally loved the news that we signed up the largest disty in the world for our product, but I was very surprised at the price of the stock jumping as high as it did, I really didn't think we would go over .50 cents UNTIL, BNEZ ANNOUNCES A SIGNED, STAMPED, SEALED PURCHASE ORDER FROM INGRAM.
Until that happens, I wouldn't expect anything else from the company, everybody is bitching we need news now, forget that, all we need to do is to release news and then have INGRAM MICRO make us recall the release. DO YOU KNOW WHAT THAT WOULD DO FOR THE COMPANY.
Like I have always been told and thats why I respect Jack and Mikey so much,
UNDER PROMISE AND OVER DELIVER.
The company has always been very conservative in the press releases and until there is a PO in BNEZ hands, I wouldn't expect anything till then.
The smartest thing in the world for us,BNEZ, to be doing is visiting all of the major clients of Ingram and pitching our product, ie
Circut City, Best Buy, Mail order, INC- more credit unions. These are the people that will buy it from Ingram, they don't buy it from us direct, remember that, THAT IS WHAT A MARKETING DEPARTMENT AND SALES REPS ARE FOR, THEY GO OUT AND DEMO THE PRODUCT TO THE BUYERS FOR THESE COMPANIES.
Ladies and Gentleman, this isn't any different than any other business that has to do with distribution. Take potato chips, do you think that buyers for grocery stores are going to buy a bunch of news chips if nobody comes to see them and lets them taste it and does free demos for them. Just because a disty carries your product PMA doesn't mean the REP for that area is out trying to push PMA.
It is up to the company to get the ball rolling and I'm sure that is what they have been doing in the last 90 days.
Also, < He added that details of purchase orders and delivery dates will be provided within the next two weeks>> that was only last wednesday in reality.
I'm in the disty business of electronics and If a manufacture ie;
(BNEZ) were to come to me and say I want you to carry my product, I would say then I want your rep to travel with me to my top 10 accounts, I want coop money for advertising, I want free samples, I want on site demo's and if they don't, why the hell should I carry their line if I don't get product support.
I'm sure thats what BNEZ is doing right now, we want to have as many order pre booked before our initial shipment even arrives at INGRAM.
We want our product to go into their wharehouse and right back out the door, the last thing we want to do is announce we cut them a deal for 25,000 units, but since we haven't done our leg work, 20,000 units are sitting on the shelf getting dust, ( sorry, no more orders from Ingram's, EVER )
REMEMBER, WE ARE THE NEW GUY ON THE BLOCK AND HAVE TO PROVE OURSELVES TO THESE PEOPLE.
This is your best chance to buy more stock before we begin to hit a new level and then find a new resting spot before moving on once more.
I for one am happy to see the stock settle around .40 cents versus .15 cents two weeks ago on just a news release about INGRAM MICRO, when it was quite evident that we had hired their FORMER PRESIDENT TO HELP US WITH OUR PRODUCT, WHICH EVERYBODY HAS KNOW FOR OVER 15 MONTHS.
You will see real interest in our stock when we release our first
Documented Purchase Order with INGRAM, that boys and girls, is the the start of the race, we are in the blocks right now.
So I don't expect anything for atleast another week.
anyway, that is just my opinion, but being in the Disty business for over 10 years through 3 different types of product, I know exactly how it works.
Mitchell |
