MY ANOVOS CASHFLOW CONCERNS:
Something else we discussed on the phone has me seriously worried about their cashflow situation. I was worried then, and with the lawsuit, I don't know if they can pull through. Quality issues aside, it is a main reason I decided to cancel all my orders. When I talked on the phone, they had been running back to back 40% off sales of in stock items the month before. They even extended some of the sales past the weekend to get more orders. I told him I ordered a few "in stock" items to see if they were just as slow shipping what they have in stock. I let him know my order of "in stock" items had not shipped for a month, and I had to email Stacy to get them to ship it as a priority. He said there was only him and one other person shipping everything for Anovos. He is obviously not a low level shipping employee, so that is a red flag to me. I reminded him that if they run continuous 40% off sales, it will obviously increase sales volume, so they need to make sure they hire more people to ship. To me, that is pretty simple cause and effect. He said they couldn't hire more people to ship, which from the tone I felt he meant they couldn't afford to hire anyone else. Since he was talking to me late on a Saturday evening, while also supposedly working on the first delay update in 8 months, and supposedly helping just one other person ship orders in his spare time, that still worries me. It then took him weeks to ship a replacement pair of Jyn gloves which he realized was a priority from Stacy.
Additionally, they had been sending repeated emails several days in a row, asking if anyone wanted to pay for the preorder spots of those that were canceling their orders. It reeked to me of desperation. People are all saying they are being told by Anovos that after 6-9 months, refunds are still "processing". Some have said online that Anovos customer service says they wish they could help, but the "finance department" hasn't cleared/granted the refund. Sounds like there isn't any money to give back. I think that's why they changed to an absolutely no refunds policy and trying to get whatever they can for anything they have in stock. What they do sell, it seams they can barely get it shipped with their current staff.
On the phone, we discussed the cancelation of the Jyn Concho, which my wife was really disappointed in. Charlie said they didn't meet the minimum order quota from the factory, which I'm pretty sure he said was 250 units. We purchased it at the preorder price of $120, and he told me the factory cost per unit was $45-$60 per unit I think. I don't remember if he specifically told me the price per unit, or said they didn't meet the minimum and couldn't pay the up front dollar amount and I did the math on 250 units. If I remember correctly, I think he said they didn't have enough interest or orders to meet the 250 unit minimum, and then people started to cancel, and they couldn't spend "$15,000" for that run. I think that is how I came up with the $60 per unit cost. I am very detail oriented, so I am almost positive that is the correct math, but don't hold me to it. Honestly, if that is correct, Anovos is operating at 50% COG (cost of goods), before labor, shipping, overhead, LICENSING, plus 3-4% Credit Card processing fees, etc. I know Lucasfilm licensing alone is an enormous amount. Any time a problem comes up, they must be losing money, so I think they are running huge sales on in stock items and offering new pre orders just to fund older endeavors.
I finally realized it was just too much, so I formally requested a full refund last night.