Showing posts with label Verve. Show all posts
Showing posts with label Verve. Show all posts

Friday, September 25, 2015

Scam Tactic: Speak in Half-truths, or how Vemma is trying to create value out of bull****.

Speaking in half truths is the best way to scam. You sound as if you are telling the truth, esp. if that's all the truth you know. You can't be lying if you don't even know the other half, right?

That's why you should fact-check any PR claims, esp. those without any links for you to verify the claims, and if the evidence themselves need to be fact-checked.

Let's take one recent example, when a Vemma fan (what I'd refer to as a Vembot) posted basically a cut-n-paste PR speech "how dare you compare Verve to Red Bull". Okay, I made up that title, but that is accurate.  His words in blue, my comment will be in red.
For those trying to do a cost comparison with Red Bull, you are obviously missing the entire concept of Vemma.
Oh, I think we understand you all too well. It is you who don't understand Vemma... 
The clinically studied nutritional supplement Vemma cost about $2.00 per serving, if you purchased the stand alone Vemma product. 
But did you actually read the two "clinical studies"? (NOTE 1)
Verve has the same 2 ounces of Vemma, plus the components of the energy drink. Yes the price is about $2.80 a can, but $2.00 is the Vemma supplement. So the energy drink component is really only $.83.
You set your own prices. You can say it's worth $1000 if you'd like. There's nothing to compare it to. In fact, there's not even any proof that mangosteen has any benefit on the body. But more on that later. (NOTE 2)
You show me where red bull has 12 vitamins, 63 minerals, mangosteen, aloe vera and green tea. Show me where Red Bull paid 250000 to run full clinical studies to see exactly what happened in your blood after drinking it.
You show me what those "63 minerals" are, and what effect they have on the body. Show me how ECGC is not harmful to the body. Show me how two little studies in China, on self-reported results prove "what happened in blood". (NOTE 3 again)  
Until you can show me that trying to compare the to is like comparing a Ford Fiesta to a Ford Mustang. They are both Fords (energy drinks), but they are not the same thing and they dont cost the same thing.
Vemma is no-name energy drink with an unproven secret ingredient. The analogy is bull****. 
Now let's look at the footnotes...

Monday, July 21, 2014

Due Diligence: How to Read an Income Disclosure Statement

It seems that people are losing their basic math skills, or even willingness to apply math to simple problems... such as "should I join _____". Today, we are going to pick an example, and show you how to read such an income statement. And yes, this may involve some WORK, so you should probably sit in front of a computer, as you may need to type in some numbers into a computer (one in library should be fine as long as you have access to Google)


Today's... example, Vemma. Their 2013 income disclosure can be access here:


Any way, first thing you should note about the two bar graphs is... WHY TWO GRAPHS? Looking at the two graphs should make you realize two things:

1) The two graphs have DIFFERENT scales

2) The two graphs both use exponential scale instead of linear, thus de-emphasized the difference in bar heights. 

In fact, if you regraph the same numbers, using a linear scale, it looks like this (go ahead, do this in Google Sheets yourself)


The red line has the SAME numbers as the Vemma graph, but using a LINEAR scale, combined into a single graph. The blue line is the percentage of all affiliates. 

Roughly translated: vast majority of the company make peanuts, while a selected few made much much more... one made like 2.5 million in 2013.