Pegasus Vapor Academy PVA-40

[Jasen]

Well I've been following this for a bit across a couple forums and what's been bugging me is the lack of transparency. This is not a company that we would consider/hope is operating above board, and we all know companies have overhead so we expect a price mark up to cover those operation expenses as well as turn a profit. Peg isn't running a business, but more of a cash up front pre order on a non existent product and doing it in more of a coop manor.
To me it's not whether or not he's turning a profit, and I don't think it's wrong if he does or all the effort he's put into his, but from what I've been reading it looks like the disclosure of any profit earnings has been hidden and side stepped. Maybe it's just something Peg should have handled different but all in all it makes the hair on the back of my neck tingle.

 

[Shekinahsgroom]

Does everyone that's buying the PVA-40 know which version that you'll be getting?

I'm hearing crickets....

No comments?

 

[stanthemanchan]

Well there's also the possibility that this universe is a simulation and none of you are real.

 

[Shekinahsgroom]

Well there's also the possibility that this universe is a simulation and none of you are real.

You are correct, that is the current theory based on real world evidence.

Ancient knowledge actually, but science is just now rediscovering what our long dead ancestors knew a LONG time ago.

 

[Shekinahsgroom]

Does everyone that's buying the PVA-40 know which version that you'll be getting?

I'm hearing crickets....

No comments?

Okay then....I'll just come back later and let everyone absorb that piece of factual information first.

 

[stanthemanchan]

I assume no one is answering you because it's a dumb question. pegasus doesn't have any DNA40 boards yet because the Indiegogo hasn't finished. He would need to get the money from the crowdfunding campaign in order to buy the parts to build the mod. I would hope Evolv knows what they're doing and supplies him with newer boards that don't have the issue.

 

[towelie]

If his idea is as good as he says, if it's only 28k he needs, it wouldn't be that difficult to wrangle up a few investors, produce his product, repay said investor (with interest), then release a preorder for future units.

I'm just being honest. 28k isn't that much money in the realm of business investment. I'm wondering if he tried this already and was shot down, and if so I'd like to know why.

The obvious answer if you have followed this project from the beginning is that finding investors and repaying them back with interest (profit, usury in old terms) is counter productive to the initial runs goal: to produce and distribute the first run at the lowest cost to the subscribers. The cost of repaying investors plus profit is passed to the consumer, common sense right?

Peg could likely have easily found investors to get the 28k. The problem with investors is they don't just give you money, they want a return in addition to their investment, whether it be a percentage of sale, or a percentage of the company.....
You will get what you paid for, but like Shekinahsgroom said, you are investing in his company for free, while he doesn't have to leverage anything. It is smart, and if you are okay with it, more power to you, but he should have been upfront with what is actually going on.

He was upfront to my knowledge from the beginning. As you stated investors expect a return which we know is reflected in the final price point. By investing in the initial run for "free" you save yourself this additional cost.

I don't think people realize the potential profit margin (in regards to the remaining units), or the fact that they are helping Peg meet a requirement he didn't have the cash for himself, or had the cash and didn't want to use. He isn't doing this for his followers, he is doing it to build his company using peoples money with no compensation, other than getting what you payed to have done. I gave him props, and he deserves it, it is very smart if it works, but initially watching his videos I had never considered what was actually going on, and he surely didn't offer it up.

The compensation is the mod at about a hundie less than what will be final storefront production price. That is, the item at cost is the compensation; we are all well aware of this.

Does everyone that's buying the PVA-40 know which version that you'll be getting?

I'm hearing crickets....

No comments?

The gun metal color that will not be available in future runs of c.$240 per unit.

 

[Shekinahsgroom]

I assume no one is answering you because it's a dumb question. Pegasus doesn't have any DNA40 boards yet because the Indiegogo hasn't finished. He would need to get the money from the crowdfunding campaign in order to buy the parts to build the mod. I would hope Evolv knows what they're doing and supplies him with newer boards that don't have the issue.

Are you sure?

He would need to put up a deposit with the manufacturer before negotiations could even begin and he's already been in contact with Evolv.....

Maybe he bought them already and sent them to China?

He mentioned in his latest video...something about $2800 paying for the initial "product".

Didn't he say that he's expecting delivery in mid-January and that April is a very unlikely scenario?

That campaign ends on December 8th....not much time in between to buy the DNA's (assuming that many are available for immediate purchase? Since they're swamped right now with returns..) receive them from Evolv, package them all up and send to China, verify receipt with the manufacturer, finish any remaining loose-end terms....and have 200 built and delivered to him in what....30-45 days?

Assuming that's what he's having made by his own words in the video.

 

[towelie]

does everyone that's buying the pva-40 know which version that you'll be getting?

i'm hearing crickets....

No comments?

does everyone that's buying the pva-40 know which version that you'll be getting?

i'm hearing crickets....

No comments?

okay then....i'll just come back later and let everyone absorb that piece of factual information first.

take a good look at ocelot's and my post numbers and how long we've been on this forum.

We've both seen a lot and know a lot, we're very experienced members.

Post count=experience and knowledge; demonstrably false.

 

[Shekinahsgroom]

Are you sure?

I hope that you all get a great product, but don't take anything for granted when it comes to knowing exactly what you're getting.

Stay informed and hopefully you won't be disappointed.

 

[OldtimeRocker]

No he just sells juice Most of them have at lest a juice line these days

 

[WakeUp0201]

I hope that you all get a great product, but don't take anything for granted when it comes to knowing exactly what you're getting.

Stay informed and hopefully you won't be disappointed.

On the YouTube Peg says that he's contacted you and you haven't replied to him. Why not? What did he say to you?

 

[RandyF]

He was upfront to my knowledge from the beginning. As you stated investors expect a return which we know is reflected in the final price point. By investing in the initial run for "free" you save yourself this additional cost.

I didn't remember him mentioning the contributions others gave would provide him with a substantial about of boxes he would be able to sell later for around a 100% profit. I heard reference to it in the most recent video, but maybe I missed it in an earlier one. Feel free to link one of the older videos with the time stamp and I will revisit it.

The compensation is the mod at about a hundie less than what will be final storefront production price. That is, the item at cost is the compensation; we are all well aware of this.

Your compensation is avoiding his profit margin? The units will cost the same to make, likely even less after the first run, since the boxes are already manufactured.

I would be impressed if he took those boxes that were left, that everyone else paid for, had them completed at a cost of let's say $120 and turned around and sold them for $150. Letting everyone know that this first run (the first 1000) will be the only ones offered at this price, since the community made it possible. That would be doing something for the vaping community, while bringing him in a modest $24,000 profit (assuming he made $30 on the remaining 800 devices). At that point his device would be in 1000 peoples hands, if it is well received, he can take that $24,000, I would say he earned, reinvest it into a 2nd run and from that point on, if it is a worthy device, he will have no problem selling it for $200 to $240. These are all arbitrary numbers, but I think you get the jist of what I am saying.

 

[Shekinahsgroom]

On the YouTube Peg says that he's contacted you and you haven't replied to him. Why not? What did he say to you?

He did?

Where did he contact me?

 

[OldtimeRocker]

First of all thanks for the posts and interest this has been by far the busiest day since the first day or 2. I don't think we would have made goal without your help. Not that the campaign fulling is a sure thing but it's looking better for sure

A always felt that your main goal was to protect your own 50 unit hana clone run, I know your hopes of running a small mod business from home is not panning out as you had planed. You have a good amount of units still left for sale and that really what this witch hunt is all about. It's sure not about facts as your post one theory after another in hopes something sticks. Surprised you did not trout the fact that your a Moder as well, but maybe you did not want people to know you have some personal motives for knocking this mod down a few knocks.

Really your argument to "prove he is a scamer is other vaper have been scamed. umm ok. looks like maybe you have moved pass that argument, but not before you called him a scamer and called any one that had bought an PVA-40 names and yell at ever one for a half a dozen post on another forum.

I guess Innokin is making stuff in the US now because Evolv "IS" selling DNA's to them and they "DO" manufacture vape gear. Not sure where you get your "facts" but they are wrong. No matter how much you post or yell or say diffident that fact don't change sorry

If it looks like a FDV 510 then is probably is one i have never seen a clone of the FDV 510 but you claim again with no proof that its not. So where is the link of the real FDV or you think FDV makes them in his back room ? No he buys them from the same vendor that Pegs is. So i guess in a way your right its not a FDV 510 its just the same part just don't have the markup of being in a FDV baggy. Why pay 2 or 3 bucks for a baggy . I could do on but its a waste of time am sure none of this is getting thru.

Have fun with you made up facts and theories its been fun watching

Good luck with our Hana clone mods you are making a nice mod.

 

[fredrikstad]

Eh-eh, I tried it myself....the "private" function will show as PRIVATE just below your sign-up name.

But thanks for pointing that out!

"Anonymous"...is this buyer's sign-up name.

So unless there's 20 some peeps all using the same name, the private function is something entirely different.

Peg pointed that out in his video.

Now if there's another option in there that automatically names any given person as "Anonymous", then I didn't see it myself.

Is the Anonymous scenario that you're stating a possibility? Ofcourse.

Is the shill also a possibility? Yes

I purchased as anonymous myselfe, registered in my real name. And guess what. I was named anonymously in the funders list.

 

[Shekinahsgroom]

I didn't remember him mentioning the contributions others gave would provide him with a substantial about of boxes he would be able to sell later for around a 100% profit. I heard reference to it in the most recent video, but maybe I missed it in an earlier one. Feel free to link one of the older videos with the time stamp and I will revisit it.



Your compensation is avoiding his profit margin? The units will cost the same to make, likely even less after the first run, since the boxes are already manufactured.

I would be impressed if he took those boxes that were left, that everyone else paid for, had them completed at a cost of let's say $120 and turned around and sold them for $150. Letting everyone know that this first run (the first 1000) will be the only ones offered at this price, since the community made it possible. That would be doing something for the vaping community, while bringing him in a modest $24,000 profit (assuming he made $30 on the remaining 800 devices). At that point his device would be in 1000 peoples hands, if it is well received, he can take that $24,000, I would say he earned, reinvest it into a 2nd run and from that point on, if it is a worthy device, he will have no problem selling it for $200 to $240. These are all arbitrary numbers, but I think you get the jist of what I am saying.

(Applause)

 

[fredrikstad]

Peg could likely have easily found investors to get the 28k. The problem with investors is they don't just give you money, they want a return in addition to their investment, whether it be a percentage of sale, or a percentage of the company. Peg probably has plans to have 1000 (guesstimate) of these boxes made, he will use, lets say, 400 to fulfill the people that invested for free, for which you have already paid the cost to build. Now he might make a small profit from those 400, but it might be enough to reinvest into the remaining 600 boxes, which he will sell for a larger profit, somewhere around 100% probably.

You will get what you paid for, but like Shekinahsgroom said, you are investing in his company for free, while he doesn't have to leverage anything. It is smart, and if you are okay with it, more power to you, but he should have been upfront with what is actually going on. Even if it does cost him some of his own money to complete the remaining 600 boxes, the difficult part of fulling the manufacturing requirement is done and it didn't cost him anything. I wouldn't call it a scam, just an alternative to acquiring actual investors.

Now this is a fair point. I loan him my money for free, in exhange for a good cheap mod. If I havent I would problaby end up paying much more for it. Its a win win for both parts.

 

[Double Helix]

I only read through the first half of the thread, but I didn't see any instance where Shekinahsgroom said the guy was a scammer. Just that the situation is really sketchy. I'm sure that both him and I are genuinely hoping that the participants receive what they're promised.

One of the problems from my perspective is that the gamble isn't worth the reward. Picking up a DNA40 tomorrow for cyber monday from a reputable company for an additional $20. It may not have as many features as the PVA, but I have no doubts that I'll get it.

 

[fredrikstad]

He doesn't sell a device either

No,he sell juice