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SDJungwirth

1,933 Posts.

794

17/09/19

13:54

Post #: 40451786
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Originally posted by Smilez: ↑

I don't claim to know anything on Cosmetic startups and never have... i do know a few things about setting up a business, or two, from scratch.. and long term ones at that.. based on quality product not fad social media trends that can change overnight !

First you need money and lots of it if you're going GLOBAL ? Where is that? oh that's right we have unlimited cash in the coffers.. 2 mil or something like that dont we ? ah maaaate we are set.... back up the truck ..
Then you need the right products and then to manufacture them ? Where are they?
Then you need a great marketing team .... wheres that ? then you need customers etc etc etc blah blah blah
That's right we have no idea at all .. NONE.. but Peros and the founders will sort that all out for us yeah? because he made a billion dollar company last week with other peoples money .. she be right mate.. no worries..

My concern is not whether Peros has the skills or not .. my concern is that this is a popup style business based on the current "trendy, looks cool on instagram, facebook etc".. this is not building an OBJ brand around a quality innovative product ....imvho this is OBJ getting desperate to get cashflow in quickly because its not due any time soon from P&G .. and that is a cold Fact... that is why OBJ is taking matters into their own hands now..

So take your sarcasm and you know what buddy.. so many here are blindly putting their faith into Peros like hes the OBJ saviour.. right now all he is doing is costing OBJ a bucket load of cash and will continue to burn cash day after day until hopefully his social media campaign gains enough traction to do a Massive launch and make us all rich ... all hail our saviour Paul Peros.. its as good as a done deal ... isnt it?

Riddle me this.. where is all the cash going to come from to go GLOBAL and what happens if Reduit is a flop ?

Oh wait that's right we have more revenue from more products from P&G coming out that will fix everything.. pretty much a given on that no ?

BTW i have fist hand experience with the founder of the worlds largest flooring wholesaler who was engaged to help our business expand globally using his network of suppliers and customers... LOL his model didn't work when he tried to implement it with our company... got the boot after 18 months... so yeah i do have some experience with people have been successful in one company but failed on the next !

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Stick to flooring ;-)
All the best

OBJ Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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