Serious Analysis of VATE: HAPPY SATURDAY!
Okay, lets clear the air. Starting with my position in VATE in the first place... "I don't think I need to explain myself" but seeing the lack of legitimacy surrounding others augments, understanding and the partial deletion of my posts because of "Board Rules" I think a few things need to be said.
Let's face it were are ALL in the OTC world of stock investing. That's the modern wild wild west. You can make money, and lose a lot. I don't brag about my positions, people missed my point and I'm glad there are those who understand where I am coming from. I came here, like most for conversation. I came to communicate about investment ideas, gather other investor sympathy/anger, I make calculated decisions on where MY money goes. For those involved in this whole BCCI conversation, understand this. I have been invested in this company. I have talked highly of this company, and if that is perceived as pumping well **** off... I tried to smooth crying here on the boards, because yall are complaining like high school girls. I said I was out, which I was at that point, and because you guys are fellow VATE investors. We communicated, I voicedMY PERSONAL AND TO ME, LEGITIMATE CONCERNS.
I decided why ride VATE? I'll take my money and put it into BCCI. I was very lucky, got to ride a hell of a ride and I'm still riding it. I sold for profit with this big swing, bought back into VATE (BECAUSE I BELIEVE IN CBD COFFEE) and now I have a position in both. Then I have heard, "HOLD FOR 7 MONTHS AND SEE WHERE YOUR AT"... well lets face it folks thats a DUMB@$$ remark. Lets rewind 7 months for VATE... damn if you held from .17 to where we are now... well idk man doesn't sound logical to me. STOCKS are always trade able. I have never believed in the notion of FOREVER investing like "GE" and blue chip stocks because we all know whats happening there...
Long story short, you handle your money which ever way you want. I took a loss, found a better investment (whether its at this point of time a good investment and not next week... it was better FOR ME than keeping that money in VATE at that time). FACTS.
Okay. Lets talk about VATE, and how they look good... and how they look like crap.
I'll start with the Good because I cant salt the wound too much. :)
VATE Bought Blessed, can now cut out cost. (Great! But now NEG on Cash)
VATE has products available for sale on Amazon
VATE has products available for sale on at "some" (Maybe) locations
VATE has sold "SOME" product to VENDORS (BUT WE DONT KNOW HOW MANY BAGS)
VATE has a social media platform
VATE has ZOE CBD
VATE has expanded their sales team
Okay now why I left, and my take on it. This is all opinion of course, and the fact i have to say that is sad.
VATE Bought Blessed - It's great, but now with that huge purchase, its going to put us in a hole in a sense. Production, marketing, Sales, payroll, everything takes a hit for the next fiscal year due to a acquisition like this (IF you a legit operating business of course). This to me leads to believe there will be a lack of extra spending in marketing material, labeling, nicer material for packaging... you get the point.
VATE Sells on Amazon + Stores - Great! We sell at stores and amazon. I look at the metrics, we have held 70 reviews on Amazon for months, and 50 likes on social platforms. (THATS NOT GROWING) we are small, but my last point. If we don't market ourselves we will never have consumer eyes on our products. I'll stick with my Folgers (I've been drinking for years "not really me but just saying") on the eye level shelf VS the "HEMP" coffee on bottom shelf i have never heard or tried before. Look at all the photos, bottom shelf, back of the store placement... just saying!
VATE sold bags to vendors and blah- Okay again, Great! I as a shareholder want to hear from Medico that we had vendors purchase 10 CRATES of VATE products for samples. We know its light now guys but more is to come in the future... idk some crap like that. To me it sounded like he gave them a trick or treat bag of goodies and sent them on their way. This ins't a trade show! This is supposed to be serious business deals that move products to shelves... and frankly im not hearing it, and we haven't heard otherwise.
VAtE's Social media.... GOD DO I EVEN HAVE TO TALK ABOUT THIS. IT's garbage, if you think otherwise, prove it.
Dont worry i'll wait.
ZOE CBD - hasnt released crap in ages, there are other companies like CVSI with GRAS certifications and other more prestigious accomplishments and way better product out there. VATE has nothing on them and nothing on companies alike. So we're all betting on their coffee formulations.
As for SALES... we've heard nothing of numbers or nothing. So, so far sales are doing nothing and should be fired. Jesus months and cant even make a sale... HA!
Long story short, VATE has potential. Hence the reason of getting back involved, and having logical and adult conversations with people. However, VATE will fail if they can't get their head out their ass and focus on some marketing rather than spending. Some cost's are okay to bear in the beginning (like higher roasting) for a more focus on marketing and getting your product to consumer hands. OPINIONS... we shall see right.
-Devil Dog
