Hi Cathe and SNM,
A couple of questions regarding the presale...
I'm sure you realize that there has been a fair amount of discussion regarding the timing of this presale, and was hoping that if you would clarify your general thoughts about presales this might help many folks who are distressed about all of this.
It seems that from the general thrust of your first posting, most assumed that these first four workouts were to be sort of a fall schedule - looks like that has kicked out now since filming has not yet begun. In general, do you think that there is a reasonable amount of time that the investor of a presale product should expect the final product - six, eight, ten months? Any ball park figure might help, but to be indefinite about this I think makes people a bit uncomfortable. Therefore, if you could give us a time frame in which you think presale investments should reasonably sit in your bank account prior to delivery of the promised product would be very helpful.
And in this vein, do you think that in this presale venue, that if production were delayed beyond some specified period of time, that folks should be compensated somehow, if the product was not delivered in such timely fashion? It seems that in most other businesses, you aren't charged until the goods are delivered, or there is some deadline if you are an investor.
I am really interested in your views regarding this, as this has always been fairly ill-defined in the exercise video business. Thanks for any light you could shed on this matter, and best wishes for the upcoming filming ...
Cheers,
Colia
A couple of questions regarding the presale...
I'm sure you realize that there has been a fair amount of discussion regarding the timing of this presale, and was hoping that if you would clarify your general thoughts about presales this might help many folks who are distressed about all of this.
It seems that from the general thrust of your first posting, most assumed that these first four workouts were to be sort of a fall schedule - looks like that has kicked out now since filming has not yet begun. In general, do you think that there is a reasonable amount of time that the investor of a presale product should expect the final product - six, eight, ten months? Any ball park figure might help, but to be indefinite about this I think makes people a bit uncomfortable. Therefore, if you could give us a time frame in which you think presale investments should reasonably sit in your bank account prior to delivery of the promised product would be very helpful.
And in this vein, do you think that in this presale venue, that if production were delayed beyond some specified period of time, that folks should be compensated somehow, if the product was not delivered in such timely fashion? It seems that in most other businesses, you aren't charged until the goods are delivered, or there is some deadline if you are an investor.
I am really interested in your views regarding this, as this has always been fairly ill-defined in the exercise video business. Thanks for any light you could shed on this matter, and best wishes for the upcoming filming ...
Cheers,
Colia