Seller of Veg-O-Matic, other gadgets offers stock and more 1 Hour AgoThe Associated Press AUSTIN, Texas (AP) — The company behind the Veg-O-Matic and other household products now wants to slice and dice the stock market and sell 5 million shares of Ronco Brands for $6 each. Just like in the infomercials Ronco uses to sell gadgets like the Pocket Fisherman, there's more to this deal. Act now to express interest in the minimum $120 investment of 20 shares. But for investments over $1,000, Ronco will throw in a 20 percent discount on its website. Spend more than $5,000 and get a Ronco Rotisserie too. Why stop there? Invest more than $10,000 and the Austin, Texas-based company will throw in a Ronco Ready Grill to go with the Rotisserie and the 20 percent discount. Ronco was founded in 1964. Since the current owners took over in 2011, Ronco has had losses every year. It has largely relied on private investments and loans to continue operating. The company said in documents filed with the Securities and Exchange Commission that it recorded net losses of $4.6 million in 2015 and $9.8 million in 2014. It also posted a loss of nearly $2.7 million in the first six months of 2016. Ronco plans to launch as many as 40 new products this year. "The Ronco brand has been synonymous with 'innovation' for more than three generations of American consumers. Our products are found in millions of American homes," CEO Bill Moore said. The stock sale is designed to pay for product development and to help the company expand into new markets. INFO: https://www.ronco.com/Opportunity.html
Nice find VZ! I have the Marlboro version of the Pocket Fisherman somewhere! Cost me a lot of "miles". Lol! Love this!
OMG, Ron Popeil had a facility in Chicago, buddy of mine was a draftsman for Popeil, in his hey day was 50/60/70s selling infomercials, sold over one billion dollars for Ronco when he owned it, then sold it for 50 million, but all that kitchen appliances was cheaply made. I meet him couple times, real salesman even at Christmas parties, good booze at least. I remember all the skits on SNL. This is funny:
That sounds about right. Selling via infomercials was a strong model before the distraction of the modern internet and mobile devices came along. I can't even remember the last time I saw an infomercial, much less bought something from one. Moving forward they are going to have a tough time getting captive eyeballs to pay attention to their lengthy demonstrations.
Rogaine and Propecia work great -- if you use them at the early stages of balding. My dad got bald early, but I still have a full head of hair. I buy the generic version of Rogaine from eBay, the Costco version. and generic Propecia from overseas pharmacies....neither are costly at all, very cheap.
Folks...I seriously hope no one here is considering investing in this. This company and cast of characters have a horrific financial history. After the IPO, the CEO and Mgmt. will have 97% control of the company. A few folks including Angelo Balbo (name sounds familiar), are going to walk away with $1.6m on a $1m /2 yr. note. They've applied to the NYSE and Nasdaq, but probably won't be approved. The stock will more than likely stay in the Pinks. In addition to trading, I know a thing or two about investment banking. This IPO stinks!!! Stay away.
Shit... I need the chop-o-matic... I hate the mixer-thingamajig, this seems a lot quicker! And probably a lot cheaper than a Thermomix... Sledge-o-matic sketch is hilarious...