I think that for future “Boardroom Meetings” we need to do a tattle listen party, where we have to take a sip every time she says “I was saying to Ryan” or “ you need to understand”. We’ll be hammered within 10 mins
This meeting began with Scammie berating her true confused admirers as it is their responsibility, not hers, to set themselves a reminder about their monthly board meetings, as they are the same date every month (except that they started off on the 1st of the month; and then there was that one time that Annie completely forget about it)
She’s setting the scene for Vixen not to launch at end of Jan, as previously promised. Stitching of garments has just begun; and that happens really quickly, but shipping will take at least 4 weeks and everything in China shuts down over Feb.
Her voice sounded very rough - she said it was because she was recovering g from Saturday night. Ryan was there, sitting next to her off camera.
There was lots of talk about the costs associated with TAW co are only for directly product related expenses - all other expenses - accounting, Kel, Kendall etc are being absorbed by her other companies.
TAW co spreadsheet does not include shipping costs (as she doesn’t know what they will be yet, but expects it to be between $1-$2.65 per item) or marketing and advertising costs (because she basically won’t start advertising until she’s flogged her products to her community and then she’ll advertise to move the demanding stock). She won’t be discounting left over stock as her first mentor (Brad Sugars) didn’t believe is devaluing your goods or services by discounting and neither does she.
With embody she ordered (based on community feedback) 3 times more size 12s in every item than every other size. This back fired as she’s been left with a huge number of unsold size 12s. Consequently, for vixen, she’s ordering the same amount (20) of each size.
Sounds like collection three will be called “Yes and Both”.
Then ensued a very confusing conversation about how profits will be split, started with this question from the crowd
View attachment 2692829
Scammies initial answer was along the lines of “no, you’re confused. I don’t know what you mean”.
Ryan, off camera (and away from the mic, so not clear) was trying to explain the question to her. She seems to be genuinely confused about whether TAW selling out, or remaining at the current number sold - she indicated that both are good/what she wants/ good for the community.
Finally, after much confusing and circling, she confirmed that profits will be paid per NFT at the time of profit payment. So, for example, if profits are paid on July 15th, and on July 15 there are 2000 NFTs sold; the 50% profits owed to the community, will be shared between those 2000 NFTs - regardless of how long you have held your NFT for. But that also means that as more NFTs are sold, the profit is shared between more - Scammie doesn’t believe that this will mean less money per NFT because “you have to understand” as more NFTs are purchased, that gives her more capital to invest, which will result in more sales and profit.
I checked out shortly after, but some additional notes that I made are
- Warehouse charges are $3.50 per item plus 75c for each additional item - unsure if this is just for picking and packing or if there is a storage fee on top of this.
- industry standard is 3 items per order - embody sold an average of 2 items per order
- there were approx 45 participants
Copy of Embody and Vixen Spreadsheets and a couple of screenshots of community questions - I think Annie is just so used to people worshiping at her altar, that when people start questioning her - even in her “safe space” she gets quite rattled and isnt actually capable of responding in an adequate manner.
