| home » forum » who wants asides? | ||
|
Login (sign up)
Latest Comments
Latest Forum Posts
|
Who Wants Asides?
Feb 8, 2010 by sylonbroadsides Hey guys, How many of your friends would want a pair of Asides or AT LEAST BROADSIDES? Try to make a list here of people that are interested, and have them sign the soap petition as well. We need to keep moving guys, otherwise this is going to die out. Replies
Login or sign up to reply
|
|
| copyright © 2000-2006 Broox Productions | ||
Feb 8, 2010Brad
Feb 17, 2010sylonbroadsides
Feb 17, 2010Brad
Feb 20, 2010sylonbroadsides
Feb 20, 2010Brad
Feb 20, 2010sylonbroadsides
Feb 20, 2010Kooksoaper13
Feb 20, 2010sylonbroadsides
Feb 20, 2010Brad
Feb 20, 2010Brad
Feb 20, 2010Timuukun
BTW, anything going on with our master plan to appeal HSL? Renny basically told me not to, but I still want to make that phone call!
Double BTW: I totally forgot in the heat of the Broadside auction, but I talked with a financial advisor who's a friend of the family recently, about what might be an effective strategy for negotiations. He gave me a lot of suggestions about info we would want to dig up before we entered into serious talks, but it's a lot of info, so I don't know whether I should post all of it. Anyone up for a long paragraph of technical stuff?
Feb 20, 2010Brad
Feb 20, 2010Timuukun
1) It's absolutely essential that we know the fate of the original moulds and production equipment. It's probably safe to assume that HSL still has the moulds for Expresses, Chaos/Nitro, Scam, and T-Bone (since they were the ones who designed and produced those shoes), but the fate of the Broadside/A-Side moulds and equipment is less clear. IF HSL still had the moulds and owned all the machinery necessary to produce Broadsides/A-Sides, it wouldn't be prohibitively expensive to dust off the old moulds and start a new run. However, as often happens with mergers and acquisitions, it's possible that HSL only bought the SOAP name and patents, and the moulds/equip is now lost to the blue mists of time. If THAT's the case, then it's a whole different ballgame.
2) (This involves some economic theory) If I accurately remember what I was told, any economic venture (such as a new run of SOAPs, for instance) has a high initial cost, which must be amortized before the venture can turn a profit. In the case of production and assembly lines, there is a "magic number" of shoes that would have to be produced and sold before the costs are amortized. However, every shoe sold after the "magic number" has been reached is highly profitable. So, it would give us a real advantage in negotiations if we could find out what the "magic number" would be in the case of a new production run--that would give us a sense of how many shoes they would need to sell, and how close we come, as a community, to meeting that number.
3) It is also equally important to know what HSL's liability situation is. First, we'd need to find out just what type of corporation HSL is; the situation changes depending on whether it's a joint-stock corporation or a limited liability corporation (LLC) or whatever. Even though HSL produces a much-derided product that injures hundreds of kids each year, let's be realistic: SOAPs are MUCH more dangerous, and my advisor friend thinks that they might be hesitant because their asses aren't covered in case of a huge lawsuit. So it'd be good to know exactly how liable they are, to what extent is the individual liable, and also if they can get any insurance against such lawsuits. The economy has changed radically since 2003, and it's quite possible that liability insurance has become prohibitively expensive in the 7 years that have elapsed, and no corporation with a brain is going to produce a dangerous item without some sort of liability coverage.
That's what I remember of our conversation. Sorry if it's too dense. But if anyone knows anything about the moulds, the economics, or the current legal situation with HSL, tell me. If we could have answers to all those questions, we'd be in a very strong position.
Feb 20, 2010sylonbroadsides
Especially the broadside molds. The reason why Asides are not possible is because only size 9 asides exist, so there are only size 9 molds for the Asides.
Also, people were well aware of the risks of soap shoes. if you check the sssoapshop website, there are interviews with shops that sell soap shoes mentioning how well soap has mentioned that it is dangerous. People still wanted to soap, however
HSL does allow the public to buy stocks, click on investor relations on their website and you can check out their stocks.
Furthermore, HSL has not had very good stock relations since the summer of 2006. That was the height of heelys popularity, and was worth 40 dollars per stock. Today, heelys is worth less than 2 dollars per stock.
Naturally, the company MUST do something different or they will no longer be around.
Feb 20, 2010Timuukun
I understand that *people* are aware of the risks of soaping, but, stepping into HSL's liability mentality, I'd still see a high danger of legal action. Despite all the disclaimers, it's still far to easy to make the case that the company had a duty, that duty was breached, and a harm resulted (not saying any of US would ever think of a soaping accident as anything other than our own darn fault, just trying to think like a corporate suit). But...I mean, worst case scenario: someone manages to pull a class action suit for, like, a rash of deaths or paralyses (unfortunately, not an entirely impossible situation, given who HSL markets to primarily), and win a huge settlement. HSL is screwed if that happens--not to the same extent as if it was a private corporation and each member was jointly and severally liable, but still, it would likely drive them into bankruptcy, if not out of business altogether. Just saying, there's that to consider when thinking our strategy through.
What we still need, though, is a profitability model of some kind. Anyone know anything about the initial cost of starting a production run of this kind, or where information of that type might be found? I think the profitability argument would be our strongest one, IF, and ONLY IF we could make it work--guaranteeing anyone a profit is a staunch motivator, and we would provide the advertising.
Feb 20, 2010Brad
Feb 20, 2010Brad
Feb 20, 2010Timuukun
The problem is, the courts have not always upheld those disclaimers in the case of a large class action lawsuit (that is, a lawsuit filed by one lawyer on behalf of everyone affected by a problem, which anyone with a legit claim can take a piece of, if it's resolved in the plaintiff's favor. Think about all those asbestos lawsuits a few years back--same idea). It's just too easy to make the claim that the company had a duty to protect the safety of its customers, that duty was breached, and a serious harm resulted; and if I was a lawyer representing HSL or a member of the board of directors, I wouldn't feel comfortable making a product known to be more dangerous even than the infamous Heelys without some SERIOUS indemnification (costs $$$, bad for us). It all boils down to this: we need to make HSL think that they're getting a sure-fire profit with low risk and costs.
Is that a little clearer?
Feb 21, 2010Brad
Feb 21, 2010sylonbroadsides
Where the hell did everyone go? Everyone is gone.
Feb 21, 2010Timuukun
But let's not let this die out, folks. Keep up the interest in A-Sides, and let's keep trying to dig up some of this info! We have a chance to win this, but it has to be done soon and we have to have a strong case.
Feb 22, 2010Kooksoaper13
Feb 22, 2010Brad
Feb 24, 2010sylonbroadsides
Feb 24, 2010Brad
Feb 24, 2010Revengasaur
Feb 24, 2010Timuukun
@Travis: Any luck with that HSL call? Keep us posted!
Feb 24, 2010Brad
Feb 25, 2010blakeashake
Feb 25, 2010blakeashake
Feb 25, 2010blakeashake
Feb 25, 2010blakeashake
Feb 25, 2010Brad
Feb 25, 2010Timuukun
What he said.
And that's exactly why I posted those paragraphs of exposition--if we know those three things, we're a LOT closer to having a business strategy.
I'm still working on figuring out the capital involved with starting a production run...I'm sure the info must be out there, but I'm having a hard time finding it (or interpreting it, rather. I may have found it and not know what it is).
Feb 26, 2010blakeashake
Feb 27, 2010sylonbroadsides
I think we just need to do it, it seems that HSL is closed today so I won't be able to contact them until next week.
Feb 27, 2010Brad
Mar 1, 2010Timuukun
Mar 2, 2010blakeashake
Mar 3, 2010Brad
Mar 4, 2010Brad