Peak Skis Investment opportunity

[ctsnowplow]

I was told I was wrong in January, and they had tons of cash. Don't worry, this was a great marketing idea to get consumers!

 

[fatbob]

Wonder if Bode's agent has Alex Horne's number?

Oh Bode would be brilliant on Taskmaster. You can just imagine him trying to alphadog every task to general amusement from all.


From 11.50

 

[cantunamunch]

You can just imagine him trying to alphadog every task to general amusement from all.

See I was thinking more like Romesh and the watermelon.

 

[aveski]

No vest for you. Sold out.

 

[fatbob]

See I was thinking more like Romesh and the watermelon.

Might be straining his genius to come up with Rosalind, geriatric athlete

 

[Tricia]

In other news...

Bode Miller must make big decision on 'Special Forces' after painful groin injury

In an exclusive clip from the penultimate episode of 'Special Forces: World's Toughest Test,' Olympic skier Bode Miller suffers a painful groin injury during a bear crawling challenge, forcing him to make a difficult decision.

ew.com

This was interesting watching the Youtube video.

 

[Wasatchman]

I'm absolutely stunned at the participation. I hope I'm wrong but I fear many people who are participating don't understand this "investment."

These guys are even setup to take credit card payment for people's investment

 

[Philpug]

Something doesn't have to be illegal to be shameful, Phil.

You didn't like what Kastle was doing a while back, you don't like this ... I think it is time you start a ski company to show everyone how it's done.

 

[Tom K.]

A co-founder agreed to sell his truck to the Company in exchange for $53,000

Well, those were tough times to find a truck at any price.

The "investors" are at least getting a vest out of it for a thousand bucks.

Phil and Tricia may want to consider bringing back the retro PugSki vest at the bargain price of only $500 (can be had in four equal payments)!

Done. I have an account we can use to facilitate the whole thing. I just need socials and dates of birth and we're good to go.

Don't forget to get his ACH number......

 

[Wilhelmson]

One thing is for sure they should have ordered more of those $1,000 vests.

 

[Wasatchman]

You didn't like what Kastle was doing a while back, you don't like this ... I think it is time you start a ski company to show everyone how it's done.

If you want to defend Peak's business practices and this offering you certainly can. I'm surprised, but certainly you have every right to defend them and can even reach out to Bode directly to pitch why this is a great investment opportunity and directly address the concerns brought up int this thread.

As far as Kastle, I said I thought they were going to struggle and I think they have been struggling.

I feel comfortable with everything I have said in that older Kastle thread as well as this thread.

 

[dbostedo]

$500 (OR can be had in four equal payments of $150)!

FIFY

 

[Wilhelmson]

The whole idea of crowdfunding is just off in a way. Most of the terms make it more like a donation that might pay some interest and return principal or might not. I can’t imagine many if any people would actually put much of their money in these- maybe I’m wrong. For people that go to a charity auction and drop 10,000 on a trip and a football game i can see how its just fun money.

 

[Philpug]

As far as Kastle, I said I thought they were going to struggle and I think they have been struggling.

They now have a good boot and are competing on the world stage in the World Cup that they haven't since Pirmin Zurbriggen ... where is the struggle?

 

[Wasatchman]

They now have a good boot and are competing on the world stage in the World Cup that they haven't since Pirmin Zurbriggen ... where is the struggle?

I don't know this as fact but I think it is a good guess Kastle is losing a considerable amount of money. The new boot has almost no retail distribution in the US (not sure about Europe).

In the US their retail distribution on skis is still severely limited and I don't know of any place that now carries Kastle when they didn't used to despite a significant investment and expansion of new ski models.

Anecdotal presence on ski hills seems down from five to ten years ago.

All this is anecdotal. I have no access to the financials. I'd be very surprised if they weren't losing quite a bit of money, not that it matters too much to the wealthy owner who would have no problem continuing to fund losses assuming I'm correct.

Not that they can't be successful in eventually fully transitioning to a full line ski company but as of now it is hard to anecdotally point to a meaningful sales ramp.

 

[Philpug]

It just shows the conjecture of a companies financials is beyond what what the average consumer understands. I am not saying or speculating what their financials are or why they chose to go this route but I'm not going to assume (we know what that usually means) either. But they are at 25% of their goal, I can gather that does nto include anyone who are speculating in this thread.

Before someone says "Oh, you are defending them because they are a sponsor", Sorry not the case, if you look at our history, we have defended any brand that we feel that they are defamed based on opinion and not actual fact.

 

[ctsnowplow]

It just shows the conjecture of a companies financials is beyond what what the average consumer understands. I am not saying or speculating what their financials are or why they chose to go this route but I'm not going to assume (we know what that usually means) either. But they are at 25% of their goal, I can gather that does nto include anyone who are speculating in this thread.

Before someone says "Oh, you are defending them because they are a sponsor", Sorry not the case, if you look at our history, we have defended any brand that we feel that they are defamed based on opinion and not actual fact.

And if you read the documentation the goal does not get them out of the $9M in debt nor match spending on marketing/ads nor meet the opex for 2023. We have not even spoke about inventory that they don’t have on their balance sheet. Where is it? This looks like a last minute cash grab for the management team before they go under. $1.2M or whatever their goal was does nothing to get them out of of the hole. If all they needed was $1.2 to turn the ship around the existing Board of Directors certainly would have ponied up. It doesn’t. The Form C shows no path forward unless someone comes in and buys the whole thing for 1x sales which won’t happen as the debt is 4x sales!

 

[HardDaysNight]

The Form C shows no path forward unless someone comes in and buys the whole thing for 1x sales which won’t happen as the debt is 4x sales!

Oh c’mon, the filing values the company at $36 million. Surely you can’t be suggesting that this whole shebang is yet another Bode et al scam! When more than half of a startup’s initial financing disappears into G&A in less than one year, one doesn’t need to be a forensic accounting genius to figure out what is going on.

 

[Wade]

And if you read the documentation the goal does not get them out of the $9M in debt nor match spending on marketing/ads nor meet the opex for 2023. We have not even spoke about inventory that they don’t have on their balance sheet. Where is it? This looks like a last minute cash grab for the management team before they go under. $1.2M or whatever their goal was does nothing to get them out of of the hole. If all they needed was $1.2 to turn the ship around the existing Board of Directors certainly would have ponied up. It doesn’t. The Form C shows no path forward unless someone comes in and buys the whole thing for 1x sales which won’t happen as the debt is 4x sales!

I'm pretty sure @Philpug was responding to the post above his speculating on Kastle’s financials.

 

[dovski]

And if you read the documentation the goal does not get them out of the $9M in debt nor match spending on marketing/ads nor meet the opex for 2023. We have not even spoke about inventory that they don’t have on their balance sheet. Where is it? This looks like a last minute cash grab for the management team before they go under. $1.2M or whatever their goal was does nothing to get them out of of the hole. If all they needed was $1.2 to turn the ship around the existing Board of Directors certainly would have ponied up. It doesn’t. The Form C shows no path forward unless someone comes in and buys the whole thing for 1x sales which won’t happen as the debt is 4x sales!

So to be clear I think this is a terrible investment and the "marketing" around it definitely spins the story, but to their credit as a private company they did share there financials which show us what a hot mess they are. While this clearly is a desperate move, my hope is that they use this money for inventory or something material that will help them try to right this ship. As I said I wish them luck in this endeavor ... just not with my money. Now that said why not sell a fractional ownership share with every ski .... that could actually be kind of cool in the sense that you get to own a share (all be it infinitely small) of the company whose skis you buy. You could give everyone a hand signed certificate of ownership ... plus you could sell premium packages with added perks. Doing that would provide some tangible value (the skis) and some intangible value (the ownership certificate). I mean technically REI is a Co-op, so why not do something similar with skis .... just saying that would be a much more palatable way to raise some additional cash while also differentiating your company and truly democratizing the industry - you could even have ownership meetings and crowd source input on future ski design from your ownership community ... just saying there is more than one way they could skin this cat.

Oh and I think @Wasatchman just challenged @Philpug to a jelly wrestling duel that @Tricia will live stream and @fatbob will take bets on all be it only using his new Crypto currency which I just discovered has absolutely no value lol