Juul/Altria...Willing To Sell Out The Industry To Save Their Bottom Line

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bombastinator

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It's not juul, it's Altria.
juul still "trusts" Altria.
juul will learn soon enough.

Cheers
I
They do? Why on earth would they do that? Perhaps they trust BT to be BT. That even I trust them to do. They’ve been doing it since at least the 1930s and seem unable to change even if they want to (which I doubt they even do)
 

bombastinator

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You may find this commentary by Vaping With Vic very, very interesting. Starts at 17:03


It’s kind of cool. Never seen him genuinely ...... off before. The vaping actually makes it better. He literally steams. Was it the Irish or the Scottish who have a big dragon on their coat of arms? He’s definitely got that going on.
 

bombastinator

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Is JUUL the Problem?
Or is the FDA/US Media the Problem?

Easy to Turn JUUL into the Big Bad Bogeyman which All Sides can Hiss and Throw Stones at. But the Sad Fact is that just about All Flavors were on the Green Mile way before Altria captured National Headlines by buying into JUUL.
The FDA I cannot speak to. I’ve consumed probably a larger than average amount of media in my lifetime though.
Back before Ronald Regan(sp?) stuff did work. More or less. What we have seen over the last 30 or 40 years is a gradual removal of safeguards mostly implemented by the FDR administration to keep things from going sideways.
Media:
There used to be limits on how much marketers could lie. There used to be limits on the ability of a single company to control a media monopoly in a given area. There used to be limits on how much control advertisers and executives could have over the output of a media group. There used to be limits on the quality of facts a newsgroup could use.
There even used to be limits of what even constituted news.

All these are gone.

I personally blame a single man, but that’s my pet tinfoil hat theory and I won’t bore you with it.
 
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jandrew

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So I started listening at the suggested 17:03 mark, and he seems to have twisted a basic fact about who it is that even made the announcement/statement within just two minutes. First he spends a bit of time telling us Juul is a disease ... then he gets to the announcement:

17:48 "this is from Altria ... which has a 35% stake in Juul"
(ok, this is true ... the announcement/statement is supposedly from Altria, who do have a 35% stake in Juul)

18:09 "this is the company that owns Juul ... well they don't own it, they have a massive majority share in it"
(uhm ... 35% is not a massive majority share ... it is not a majority share at all)

18:42 "what you're reading here folks, is Altria and Juul now announcing ..."
(wait a sec, this was a supposed announcement/statement from Altria ... not Altria and Juul)

19:05 "this is the damage that Juul is now doing ..."
(and now he just says it is Juul ... sheesh)

Sorry, but there isn't any point to my listening further than that.
 

ScottP

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So I started listening at the suggested 17:03 mark, and he seems to have twisted a basic fact about who it is that even made the announcement/statement within just two minutes. First he spends a bit of time telling us Juul is a disease ... then he gets to the announcement:

17:48 "this is from Altria ... which has a 35% stake in Juul"
(ok, this is true ... the announcement/statement is supposedly from Altria, who do have a 35% stake in Juul)

18:09 "this is the company that owns Juul ... well they don't own it, they have a massive majority share in it"
(uhm ... 35% is not a massive majority share ... it is not a majority share at all)

18:42 "what you're reading here folks, is Altria and Juul now announcing ..."
(wait a sec, this was a supposed announcement/statement from Altria ... not Altria and Juul)

19:05 "this is the damage that Juul is now doing ..."
(and now he just says it is Juul ... sheesh)

Sorry, but there isn't any point to my listening further than that.

I get what you are saying and yes some of his points are somewhat incorrect, but no matter the % of ownership, Altria and Juul are inexorably linked now. Make no mistake we are fighting a war and Juul and Altria just formed the "Axis" and now it is up to us "Allies" to stop them....both. The only way to stop Altria from using their stake in Juul to kill the rest of the vape industry, forcing people to use their expensive product (which could end up a near monopoly), while they reap huge profits, is for us to kill Juul first. Maybe I am missing something, but I see no other way.
 

ScottP

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Is JUUL the Problem?
Or is the FDA/US Media the Problem?

Easy to Turn JUUL into the Big Bad Bogeyman which All Sides can Hiss and Throw Stones at. But the Sad Fact is that just about All Flavors were on the Green Mile way before Altria captured National Headlines by buying into JUUL.

"18:40
what you're reading here folks as Altria
18:44
and jewel no announcing that they are
18:49
going to lobby the US government to get
18:53
read of all non traditional flavors what
18:56
do they mean by non traditional flavors
18:58
anything that's not tobacco or menthol"

Wasn’t that the idea of the US government, not Juul?

No, it was not originally Altria or Juul's idea, but allowing a company to support this crappy idea with no repercussions from their customers WILL eventually lead to the death of vaping as we know it. Consumers have to demand freedom of choice, or it WILL be taken. This is not an IF but a WHEN.

I love Evolv DNA boards, but if they came out in support of a ban on flavors, or a ban on nonDNA devices I would boycott them as well. We have to show these companies that if they side against us, we will side against them.
 
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bombastinator

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So I started listening at the suggested 17:03 mark, and he seems to have twisted a basic fact about who it is that even made the announcement/statement within just two minutes. First he spends a bit of time telling us Juul is a disease ... then he gets to the announcement:

17:48 "this is from Altria ... which has a 35% stake in Juul"
(ok, this is true ... the announcement/statement is supposedly from Altria, who do have a 35% stake in Juul)

18:09 "this is the company that owns Juul ... well they don't own it, they have a massive majority share in it"
(uhm ... 35% is not a massive majority share ... it is not a majority share at all)
it is these days. Most of any given stock is owned by mutual funds which are for all intents and purposes robots. They’re non sentient. They behave extremely predictably and if you pay a bit of attention they don’t matter at all as far as actual control is involved. If Atria has the biggest single stake, and that stake is bigger than what any other single sentient group can put together they effectively own control.
18:42 "what you're reading here folks, is Altria and Juul now announcing ..."
(wait a sec, this was a supposed announcement/statement from Altria ... not Altria and Juul)
now you’re just nit picking. You don’t like the direction he is taking so you’re looking for tiny language problems
19:05 "this is the damage that Juul is now doing ..."
(and now he just says it is Juul ... sheesh)

Sorry, but there isn't any point to my listening further than that.
Probably not. Your mind seems made up.
 

ScottP

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So you’re saying it’s too late for that one. Doing this would effectively either turn you into a drug dealer, or force your wife to give up cheap protonated nicotine.

Pretty much. She can't vape base, so a prescription for salts would mean she would either end up back smoking, or paying a crap ton more than what I am spending for DIY.
 

Jebbn

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safe distance from a black hole
I like my JUUL's .. they deliver a solid hit, are refillable and nicely portable ..

In fact, I'd consider the Pod to be the future of the Vape, at least within us Regular People that just want a nicotine fix, easily, quickly and conveniently ..
I'm a regular person.
I don't really like any of the pod style vape systems I tried.
Maybe by "regular people" you mean, "speaking for myself " :)
 

bombastinator

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Do people really have time to watch these 1 hour videos?? I took a look at some of the transcript. Several minutes of video can be read in a few seconds.

"17:28
see Juul is a disease that needs to be
17:30
cut out of this industry Lock Stock and
17:33
Two Smoking Barrels
17:34
they need to be bankrupted that's what
17:37
needs to happen to them and here's why"


Is this type of division within the vaping community good for vaping?
no, but it looks like it might be less bad than the alternative of just letting JUUL and BT kill off every bit of vaping except themselves
"18:40
what you're reading here folks as Altria
18:44
and jewel no announcing that they are
18:49
going to lobby the US government to get
18:53
read of all non traditional flavors what
18:56
do they mean by non traditional flavors
18:58
anything that's not tobacco or menthol"

Wasn’t that the idea of the US government, not Juul?
nope. It was the idea of BT in an attempt to kill vaping. The government resisted it and won.

"20:03
announced over in the United States
20:04
they're gonna pull out of convenience
20:06
stores because thank younger children
20:08
and yet over here in the UK they are
20:10
going to aggressively market themselves
20:13
and two convenience stores Juul is a
20:19
disease that needs to be cut out of this"


This isn't necessarily contradictory behavior.
it isn’t even remotely contradictory behavior. They did it in one place and it worked, and now they are about to apparently do the exact same thing in another
I thought that in the US, they were just pulling NON traditional flavors (e.g. mango, fruit, custard), not their traditional flavors (e.g. tobacco, menthol).
Correct. Exactly what BT has been crying for for years because they were barred from selling those flavors themselves for the same reason
They are still selling their traditional flavors in LOTS of convenience stores in the US.
Yep. People are hooked now.
They sell other flavors on their website and supposedly they use a good age verification system on their website.
Yep. Convenience stores were punished by the FDA for not carding. They deliberately DIDN’T pull flavors from vape shops to give them an edge because they do card. So BT wants to change that so everyone can’t sell flavors not just them. Just like they’ve been trying for years now.
Are they going to market traditional or non traditional flavors in the UK convenience stores?
Both for as long as they can I suspect. Or until enough people are hooked and they can dump flavors and put the vape shops against the wall.
 

smoked25years

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No, it was not originally Altria or Juul's idea, but allowing a company to support this crappy idea with no repercussions from their customers WILL eventually lead to the death of vaping as we know it. Consumers have to demand freedom of choice, or it WILL be taken. This is not an IF but a WHEN.

I love Evolv DNA boards, but if they came out in support of a ban on flavors, or a ban on nonDNA devices I would boycott them as well. We have to show these companies that if they side against us, we will side against them.

Juul doesn't support a ban on flavors. Juul sells flavors. They just sell them on their website instead of stores. That move may have actually delayed proposed government action that would affect all vape companies.

Also the statement was conditional. The condition was good age verification practices. And that is something that Juul claims to use on their web store. Other companies might improve their age verification. Some still use a check box. If they use good age verification then they've met the condition.
 
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bombastinator

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Pretty much. She can't vape base, so a prescription for salts would mean she would either end up back smoking, or paying a crap ton more than what I am spending for DIY.
Depends on how they word the law. There were personal use exemptions for :censored: for a long time before it was fully legalized. Personal use exemptions or even :censored: style prescription cards would solve the issue. You wouldn’t be able to sell it to anyone though.
 

jandrew

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it is these days. Most of any given stock is owned by mutual funds which are for all intents and purposes robots. They’re non sentient. They behave extremely predictably and if you pay a bit of attention they don’t matter at all as far as actual control is involved. If Atria has the biggest single stake, and that stake is bigger than what any other single sentient group can put together they effectively own control.
As far as I know, Juul Labs is still a private company (it is not a publicly traded stock), and Altria's 35% is not a controlling interest (either factually or effectively). If you have evidence to the contrary feel free to share.

now you’re just nit picking. You don’t like the direction he is taking so you’re looking for tiny language problems
It isn't nitpicking ... he starts by saying Juul is some evil disease. Why? Well first look at this announcement/statement by Altria, then listen to me conflate Altria and Juul in little (nitpicking) steps, at the end of which, tada ... Juul is an evil disease.

If that's the kind of confirmation-biased logic you wish to follow, have at it.
 

jandrew

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I get what you are saying and yes some of his points are somewhat incorrect, but no matter the % of ownership, Altria and Juul are inexorably linked now. Make no mistake we are fighting a war and Juul and Altria just formed the "Axis" and now it is up to us "Allies" to stop them....both. The only way to stop Altria from using their stake in Juul to kill the rest of the vape industry, forcing people to use their expensive product (which could end up a near monopoly), while they reap huge profits, is for us to kill Juul first. Maybe I am missing something, but I see no other way.
If I were uber-rich and bought a large (but non-controlling) stake in Vape-Company-X, and then proceeded to use more of my wealth to lobby for regulations that might harm other vape companies and benefit Vape-Company-X (thereby benefitting me) ... should you kill Vape-Company-X ... or just me?
 

bombastinator

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As far as I know, Juul Labs is still a private company (it is not a publicly traded stock), and Altria's 35% is not a controlling interest (either factually or effectively). If you have evidence to the contrary feel free to share.
. None specifically. Not being publically traded may change things. The level of control BT gained over JUUL becomes a currently unknown rather than an absolute. The number 36% is interesting though. Not a round 35%, but 36%. I don’t know enough about corporate structures and law in general or JUUL’s particular situation to even surmise what exactly it means. It probably needs to be looked into though. JUUL is certainly behaving like it’s being controlled.
It isn't nitpicking ... he starts by saying Juul is some evil disease. Why? Well first look at this announcement/statement by Altria, then listen to me conflate Altria and Juul in little (nitpicking) steps, at the end of which, tada ... Juul is an evil disease.
Your statement is based on believing is JUUL not being controlled by BT. His statement is based on his belief that it is. IF BT controls JUUL he is correct. I personally suspect that it does, at least to some extent based on sudden about faces JUUL has announced on basic stances. What form that control might take and how powerful it might be I do not know. I kind of want to know.
If that's the kind of confirmation-biased logic you wish to follow, have at it.
It seems you assume 0% control while he assumes 100% control. I suspect neither is correct, but I have no data. Confirmation biased logic isn’t logic. It’s an attempt to manipulate through pseudo logic.
You did seem to identify a possible major flaw in his logic though. The assumption that he is trying to manipulate is unlikely though. He has always struck me as a pretty straight shooter.

I think the take away is that the nature of that 36% stake needs to be looked at hard. IMHO that it does grant effective control is definitely possible. Whether or not his statement is merely a conspiracy theory as you seem to contend is unknown, at least to me. As I said though I don’t know much about corporate structure. I assumed JUUL was publicly traded. It’s definitely big enough to be. He may have too. The concept that it is not though doesn’t completely negate the possibility in my eyes. A lot of people seem to think so, and one of them heads the FDA. That guy probably is in a position to know.
 
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ScottP

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If I were uber-rich and bought a large (but non-controlling) stake in Vape-Company-X, and then proceeded to use more of my wealth to lobby for regulations that might harm other vape companies and benefit Vape-Company-X (thereby benefitting me) ... should you kill Vape-Company-X ... or just me?

If Vape-Company-X was your ONLY weakness then kill Vape-Company-X is the correct answer. Follow the logic, if you are a vaper then by definition you are already boycotting Altria, so how, as a consumer, can you impact their bottom line (which is the ONLY thing Corporations understand)? Answer, you have to boycott the vaping products that they have a financial stake in, which in this case is unfortunately Juul.

Don't get me wrong, I don't hate Juul and I would take no pleasure in making them go out of business, but there is no other way to impact Altria. Now if Juul buys back the stake Altria bought then they are off the hook.
 
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bombastinator

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I like my JUUL's .. they deliver a solid hit, are refillable and nicely portable ..

In fact, I'd consider the Pod to be the future of the Vape, at least within us Regular People that just want a nicotine fix, easily, quickly and conveniently ..
They’re also the past history of vape though. Mechanically pods are basically cigalikes.
 

ScottP

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Depends on how they word the law. There were personal use exemptions for :censored: for a long time before it was fully legalized. Personal use exemptions or even :censored: style prescription cards would solve the issue. You wouldn’t be able to sell it to anyone though.

You mean like how they can't currently sell to anyone under 18?
 

bombastinator

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As far as I know, Juul Labs is still a private company (it is not a publicly traded stock), and Altria's 35% is not a controlling interest (either factually or effectively). If you have evidence to the contrary feel free to share.


It isn't nitpicking ... he starts by saying Juul is some evil disease. Why? Well first look at this announcement/statement by Altria, then listen to me conflate Altria and Juul in little (nitpicking) steps, at the end of which, tada ... Juul is an evil disease.

If that's the kind of confirmation-biased logic you wish to follow, have at it.
So I did a bit of googling.
Working Control
20% is officially considered working control of a company. apparently in practice it is much more variable.
 
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