That's awesome for Provape, meh on Reomods. I don't have either. lol
Are you done stocking up?
- Thread starter bnrkwest
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They have sold over 500,000 Provaris in the short time they have been in business so figure they sell 5000-ish mods a month? At $100 each ($40 blems up to $250 Radius), they are a $6M/yr business that sells very high margin products.I saw all of that and looking at the company as a business stand point, with the amount of money for the building,land and high dollar equipment, what would be the best option for them....stay 2 yrs and lose value or go now... just thinking so no hating please.
I bet my above guesstimates are low as well, but I would be suprised if they arent a very profitable business.
I bet they stay in business long term unless the FDA makes it too hard for them too justify it.
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Provape could always move the operation abroad.
Isn't that the American way. Over regulate, till there is no more made in USA.
Isn't that the American way. Over regulate, till there is no more made in USA.
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Oh goodness. I give on the saving the Vendor money thing. I've emailed back and forth with them. They are determined to ship the whole kit and caboodle to me, just to have me take out two screws and ship it back. 
That's all true, I love that they are a American company and I hate that the government could put them out of business. I just know from other fab shops ( not vape related) when new standards or laws or made, a company can go from 23 million in value to 7 million and so on. I was just looking at the company side of things. I would not doubt if they have had close door meetings with companies overseas. I just hate it because they have a wonderful product and they stand behind it too.
They would have a tough time finding a buyer right now if they wanted to cash out for top dollar. Until the FDA mess is sorted out or overturned, vape businesses are a risky proposition.
I think they will do what is best for them when the fda takes control. I just hate that it's happening to them.
Well.. and I've never even had a bottle come leaking and with a cracked seal. This is a first. I said high shipping, because if I had ordered the same from Mount Baker, for instance, it would have been cheaper shipping rate, and I would have gotten tracking info.
I wasn't complaining that shipping wasn't free. Just that it was higher than it should have been for the size and weight based on the last time I ordered only one small bottle to try.
I decided to go ahead and try it, yes against better judgement, but honestly, I'm glad I did.. just saved me a lot of time in taking pictures and waiting for another bottle to come if they offered it, to try it and find out I could say the same thing then as now.. it's cheap crap.
I threw it away, cleaning the tank I used, replacing the coil.. and brushing my teeth repeatedly..
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It's a crap shoot though.. do you spend all the money necessary to apply for fda approval, with no guarantee since the fda won't even give parameters of what they would be willing to approve, or do you walk away, with profits in your pocket and retire?
I can understand those who would simply walk away and retire.
My understanding is manufacturers have up to 2 years before they have to file for a PMTA, if they file one (or more) they have an additional year to sell following the 2 year period while they wait to see if it is approved. I think a lot of vendors will take advantage of that 2 years, and not file any PMTAs, to see what will happen legally/legislatively before they fold.
Provape's woes might be state related, as well. This state is getting increasingly down on vaping/products. I heard they want to pass a 90% tax on vape products. That would put me out of the Provari market, at least ordering directly since I have to pay their high taxes.
On one hand, absolutely correct. The proper action would be to delay the filing to the end of the period issued, then file and sell as much as you could into year 3. However, the FDA has taken the position about "honoring" the 2 year "freeze" period providing the company is making a good faith or "serious effort", I believe was the quote, towards a PMTA application. So a manufacturer might very well have to show evidence of progress at completing the testing and documentation in preparation for the eventual filing, and not simply sit back running the 2 year clock out to get the last dollars in.
Which opens up an entirely new course of litigation. What constitutes a good faith effort at preparing an application? For someone like BT, that's easy. Either snow the FDA with paper, or send your attorneys into court to argue that very point. Probably take the 2 year period to be resolved. Unfortunately, smaller manufacturers and vendors do not have such resources, and could get burned by the FDA even before that 2 year time period expires.
Just had a wonderfully wicked idea.
My father owned his own slaughter house and there were ways of "intimidating" the inspectors that came in periodically.
Wonder how much "intimidation" could be accomplished if vape shops started to co-locate with gun shops/ranges.
My father owned his own slaughter house and there were ways of "intimidating" the inspectors that came in periodically.
Wonder how much "intimidation" could be accomplished if vape shops started to co-locate with gun shops/ranges.
lol,, yes,, even on the net you can end up running around.. i prefer to fill 1 cart and be done with it.,, not going to chase down a dozen vendors on line.Running around? Aren't you using your computer to shop online?
I hope Provape stays around, but if FDA was smart, I know oxymoron, but if they were smart they could have done something like all US manufacturers of vape goods are accepted as 8-8-16 for predicate date but they have to submit their product for safety review and save the US economy. That would have been awesome, but no such luck.
Ack I don't want to see vape wars and people getting killed over vape! I am not anti gun just anti violence.Just had a wonderfully wicked idea.
My father owned his own slaughter house and there were ways of "intimidating" the inspectors that came in periodically.
Wonder how much "intimidation" could be accomplished if vape shops started to co-locate with gun shops/ranges.
Sad but true! Hope they don't go to China! LOL
2 vape shops near me 'biz as usual' today,, a 3rd one had a food party yesterday (i didn't go)... i think for now,, texans going stick with minor changes (no samples/better&fewer labeled bottles)
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