Spot on Glen! I started typing a message about this yesterday and canceled it as I needed to get away from the IHub OTC sewer for awhile.
When I read Matt's announcement, I don't see there being any commitment from Bonham (Benzer's phc's) to buy any product from INND via PO. They get 200 kiosks FREE which we pay for as shareholders. The Moore's aren't paying a dime and neither is Bonham (Benzer's).
INND just launched their Hearing Health line of vitamins along with cbd. If ever there was a time to negotiate and prove you can lead this company effectively by getting a PO for products in return for 200 FREE kiosks, this was it.
The kiosks are for education/information which then requires folks to act by contacting INND for purchase. There's no Hearing Health vitamins or cbd with the kiosk nor any hearing devices.
It's not like when you go into CVS or Walgreen's and see the endcap full of Dr. Scholl's products with an interactive, informational display. If that happened, even with a small chain like Benzer's, our SP would now be much, much higher.
Getting Bonham (Benzer's) to take something for FREE that provides value to their customer, is a no-brainer from their viewpoint. They are getting kicked in the teeth daily by CVS and Walgreen's and they have little resources. So when Matt comes along and says I'll give you 200 kiosks my shareholders will pay for, Bonham CEO says are you kidding, yes please, where do I sign!
Sounds like you've had experience in this arena. I've called on every major drug and grocery chain HQ in the US during my career. Getting into CVS, Walgreens or any other large retail chain is very difficult and takes a lot of resources (financial and personnel wise).
They are bombarded with 100's of companies daily wanting their goods/services in those stores. Getting on the website is one thing, getting into the physical stores is completely different and very long, arduous process, in which the vendor is unsuccessful most of the time. I've lived it with success and failure.
With CVS we had success after 18 months of heavy commitment, resources and good fortune and that's having a 3,500 employee company behind our efforts, not 5 people at Innerscope. I left the company in 2010 but our signs are still up in the windows when I go by CVS in any city today. With Walgreen's we weren't able to get in during my tenure for multiple reasons and we offered a good chunk of change (7 figure signing bonus) to make it happen.
That's why Matt went to Bonham/Benzer's as it's way easier and they need anything to compete, especially with something for FREE.
As I've said repeatedly, we must DEMAND a shareholder CALL. It's the ONLY way to get to ask questions of the Moore's where the investment community can participate. Shareholders don't seem to want to demand what is CLEARLY needed, so I'm not posting as often as it's a waste of time.
The Moore's are paying for their $2.5M building with OUR shareholder funds every month. It's on their Q as rent. Nice! We pay their salaries, pay for their $2.5M family asset HQ and they put NOTHING at risk except potential share loss. But when you're paying good salaries and paying off a $2.5M family asset that will appreciate in Roseville, CA, they really aren't putting anything at risk. WE are!
Until folks demand accountability, this used car salesman family will keep screwing things up. They are salespeople (dad and junior) not strong businessmen and it's proven by the Tweets and constant over promising and under delivering.
Start demanding accountability. I will be visiting them on my next trip to CA to see my dad who lives 5 miles from their HQ. I want to see the white's of their eyes in person and let them know this is unacceptable as I'm down $22k thanks for junior and dad's foolishness and family greed.
Peace.
CF
AI
