Thanksgiving Day is a national holiday that originated as a day set aside to give thanks for a bountiful harvest and the blessings of the year gone by. In honor of this special day, the verykool team would like to share our feelings of gratitude.
Reflecting on the past year, we can say it was indeed a “bountiful harvest.” We delivered more affordable mobile devices with 3G and LTE internet connectivity around the world than ever – giving people access to technology that was previously out of reach due to high prices. We can’t tell you how amazing it feels to come to work each day knowing that our products have enhanced people’s lives. This drives us to push harder to create even better products at affordable prices.
First and foremost, we thank our wonderful customers including our distributors, retailers and network operators who put their faith in us and distribute our products. Thanks also to our technology partners who collaborate with us to incorporate the latest advancements and make it possible for us to deliver innovative products. And, finally, we thank the individual consumers who buy our verykool products and provide positive feedback on social media. Here are some examples:
Dianne L- I am very happy I made this purchase. I will be recommending this company and phone to everyone.
Pursell M - This is an amazing phone for the price. Very light, huge screen, and very fast. I'll say it exceeded my expectations.
Diane A - I can't believe what a great value this phone was. Bought as a gift for husband and now wish I had gotten it before I bought the less user friendly and more expensive Note 4.
Gary W - Purchase was easy and it arrived on time, in perfect condition and began using it almost immediately. Works perfectly and is an impressive phone. This phone proves to me that the made in the U.S.A. is making a comeback.
Tom C - This phone lives up to its name. It is very cool indeed. Does and has everything you need. Unlocked and ready to go once you put in the SIM card. Highly recommended.
Deja W - I LOVE this phone. I had an iPhone before, but this is so much better and bigger.
It has been a great year and we feel truly blessed. From all of us at verykool to all of you, Happy Thanksgiving!
If you go to the Nasdaq site under stock consultant and plug in IFON there is a breakout alert for a trade above 1.83 with volume and a breakdown alert for a trade below 1.73 with volume.
If you scroll further down, you will notice that there has been steady, slow buying over the last 5 days- today included- someone is accumulating IFON very slowly.
As the shares get slowly eaten up, this will rise steadily IMO- take a look at the chart from this past Monday forward.
A lool at another unlocked smartphone from verykool
Photo Courtesy of Infosonics
Forget everything you know about smartphones, buying a smartphone and getting locked into two-year service contracts. InfoSonics verykool® Jet takes all the frustration out of buying and using a smartphone that will be connected to a 4G LTE network. The Jet is a 5-inch budget, well I hate to use that word, but at under $140, this full-featured and attractive smartphone is able to run on every major U.S. GSM carrier, so you won't get "locked in" or "grounded" with a bad smartphone deal, since this is an unlocked phone. This "Jet" is ready to take off and be your next smartphone.
“When it comes to connectivity and overall value, I am proud to say InfoSonics is leading the way in the budget smartphone market,” states Joseph Ram, InfoSonics president and chief executive officer. “Our latest example, the verykool Jet, is equipped with 5 LTE bands (Nos. 2, 4, 5, 7 and 17), on top of 4 3G bands, that facilitate seamless international 3G roaming to help our customers stay connected at maximum available speeds. In addition to its modern, streamlined design, the Jet features a unique front-facing flash providing an incredible value to our customers who love taking selfies.”
The Jet comes attractively packaged with Android 5.1 Lollipop and a more than capable 1.0 GHz quad-core CPU containing 1GB RAM, 8GB ROM and as a bonus, a micro SD slot for extra storage up to 64GB. The 8-megapixel main camera performs as expected and the 1.3-megapixel front-facing camera comes with a flash and loads up quickly for those who love selfies. Also included are a smartcase, screen protector along with cord and cable. The Jet weighs in at 3.7 ounces, so it's light feels comfortable in your hand. The phone runs seamlessly and is a great deal for any smartphone user looking for that rare combination of affordability and performance. The tempered glass is another nice touch as we all are prone to those accidental drops.
The verykool® Jet is available now in both dual and single SIM models in black or a cool blue. The suggested retail price is $139.99 in the U.S. See more or feel free to order here. This Jet is ready to take flight and save on frustration and the dollars in your wallet. The Jet does everything else an Android smartphone should do, but it's versatile and easy to operate. Give it a look and you might have your next smartphone.
that was another 1.5 million that they made up elsewhere after walking away from the carrier in Central America.
Also forgot to mention that the drop in South America was due to the fact that Verykool walked away from a low margin carrier there as well this past quarter
Infounbiased- info was from IR
They would not tell me who is their large retailer, but they did tell me that Cellular One and GCI are small at this point and time
One has to more confident about Infosonics now as they have eclipsed carrier sales; 74% of quarter three sales were from big box vendors. The risk has been spread out and they do not have to worry about a few large customers- as their base has widened greatly
They had $3.5 million in sales to carriers in Peru in 2014 and $2.5 million sales to carriers in Puerto Rico in 2014. They chose not to deal with them as they would have had to cut their margins too thin. They have replaced all 6 million dollars in revenue with big box vendors.
Quarter 2 in the US was $1,574,000 million compared to quarter 3 being $1,430,000. They had a one-time sale in quarter 2 of old, outdated models that caused much of the up-tick here. US sales are growing. $10,000 in q1 2015 on Amazon to $250,000 in q3 2015.
They have just about reached scale. Their current margin of 16% will fall directly to the bottom line once scale is reached.
My opinion here, is that it is just a matter of time before we see some very strong results that will translate into appreciation of the stock-price
Margins are greater here
Also- they are in the process of converting over to become vendors to Amazon rather than Sellers. As vendors, Amazon pays for the phones upfront (not consignment) making cash turnaround faster as well as Amazon assigning their own Marketing Arm to assist in increasing sales of Verykool
infosonicsunbiased- I called to ask why no press release and that's what he told me- that was it., Sorry
eb2 is an "insignificant dealer at this point in time" according to IR.
Spoke with them 2 days ago
E2B is a Master Dealer for MetroPCS, Distributer of several popular wireless products, eCommerce Business and a Global Wholesale Company. E2B is headquartered in Baltimore MD and we provide the latest smartphones and wireless accessories, prepaid airtime, prepaid activation services, SIM cards and other products and services... E2B is an exclusive distributor with VeryKool of San Diego CA, if you like BLU you'll love VeryKool.
Classic 5k dump/buy on the open to shake the tree and it dives from 1.18 to 1.0499 and back up again-
There have been a total of 1,076,300 shares traded in IFON since 9/1/15. Divide by two and 538,150 shares have changed hands during this period which is approximately 5% of the float.
This further equates to 31,655 trading volume or 15,827 shares changing hands daily.
In other words-- a pittance.
Please further note that the short interest is at its lowest in over a year; less than 300,000 (298,000 to be exact)
It is obvious that the strong hands are holding for 11/5 and anyone looking at the day to day action to make any type of decision here is wasting their time. JMO