To: paulmcg0 who wrote (863 ) 2/22/1999 7:44:00 AM From: MasterConfucius Read Replies (1) | Respond to of 1140
Ok so the Ron Popeil conspiracy theory goes that he purchased 1,000,000 shares at .02 and is now currently hyping and hawking this dog so that unsuspecting investors push this price up to $5 at which point he will dump all of his shares. So a multi-multi-millionare whose entire business revolves around his good name and his ability to bank on his name recognition value is going to risk loosing his company's potential billions in sales over 5 million dollars of chump change. Afterall the SEC will not look kindly on his activities. Popeil has sold over a billion dollars. He spends 120 million just to advertise one product. I guess he needs the extra 5million to renovate his Is Popeil totally insane or is this some questional elements of this conspiracy theory?? You will have to be the judge. But if you are so convinced of this theory, please provide at least some supporting evidence for our examination. Let me provide evidence that he might not be interested in a measly 5 million but instead has much bigger plans. First get an idea of how big RONCO is:communities.msn.com Popeil may be exaggerating, but not by much. TV infomercial business is a muti-billion dollar industry and Popeil is king. Popeil is a master hypster. But where is his field of expertise? He knows how to SELL PRODUCTS ON TV. Period. He is not a master hypster of stock prices. He has no track record of that skill since his company is privately owned. Why did he make this ONTV deal? He tells you in person: San Francisco Chronicle, January 25, 1999: <<"Our stuff is perfect for the Internet," said Ron Popeil, the dean of infomercials and founder of Ronco Inc. -- the folks who brought you the Veg-O-Matic slice-and-dice machine and the Electric Food Dehydrator. "The medium is an extension of television, except on a computer you can order products easily and view them anytime you want," he said. The Chatsworth company plans to redesign its Web site (www.ronco.com) and add video within 30 days. Steep media rates, a bevy of TV channels and the rapid emergence of electronic commerce as an economic engine have prompted the makers of infomercials to expand onto the Internet. Many consider Web sites an interactive extension of television that will revolutionize the way they display and distribute products to some 100 million cybersurfers worldwide at any hour of the day. >> One can also assume that Popeil is also taking part in a recent trend of TV broadcasters setting up mall outlets. If you check with the old press releases at the ONTV site, they mention setting up mall kiosks that will sell items advertised on TV. They plan to open hundreds of locations throughout the country. There are already competitors that are taking advantage of linking TV advertising with mall shopping: THE HARTFORD COURANT October 2, 1998 Friday: <<Television and shopping have been lucrative bedfellows since the 1960s, when Ron Popeil first brought his slicing and dicing gizmos to the late-night airwaves. So it is perhaps no surprise that 30 years later that partnership has come full circle, with more and more television stations invading malls with high- concept stores from such channels as ESPNand Nickelodeon, and PBS stations, including WNET in New York. Today, the Discovery Channel joins the effort, opening a store at Westfarms that will feature a variety of products -- from models of World War II planes to fossils -- that match the cable channel's educational bent>> So as you can see Popeil MIGHT BE trying to take advantage of two trends that he's noticed is taking place among his competitors. Going internet and TV media types setting up mall sales. Could it be that he's not so interested in a penny pump and dump that could ruin his career???? Again you be the judge, but try some DD first. I want facts. Otherwise, we are all just wasting our time.