Updated March 4, 2010
How do I find out more about My Vintage Baby, Inc.?
There are a couple of sources for information about us. You can send an e-mail to invest@myvintagebaby.com, or go to www.PinkSheets.com and enter our stock symbol MVBY to view our financial and regulatory filings. You may click on Quarterly financial report to see our most recent financial information.
As with any investment, you should contact your financial advisor to discuss the suitability of this investment based on your individual situation. (Updated 3/10)
Can I buy stock directly from the company?
No, interested investors may purchase stock through any licensed brokerage house. Our stock symbol is MVBY.PK (CUSIP 628 47C 100) and we are listed on the Pink Sheets.
The following is a list of stock brokerages, as of March 1, 2010, that indicated they are trading My Vintage Baby, Inc. (please note, these are mostly discount and online brokerages). All companies added the disclaimer “subject to approval and change”. This is not a comprehensive list as there may be other brokers handling our stock and is not meant as an endorsement or recommendation, rather as a starting point for investors to research.
Investors should explain to the broker representatives the actions they wish to accomplish as some will accept electronic, not physical, shares to be moved to them and some will only allow you to buy and sell shares you purchase from them (will not accept transfer of shares). (Updated 3/10)
- OptionsExpress
- Fidelity
- Charles Schwab
- Zecco
- Vanguard
- Muriel Siebert & Co., Inc.
What is Pink Sheets?
The following is from the Pink Sheets website. “Pink OTC Markets Inc. is the leading provider of trading systems, pricing and financial information for over the counter (OTC) markets. Pink OTC Markets provides broker-dealers, market data providers, issuers and investors with software and information services that improve the transparency and efficiency of the OTC markets. Pink OTC Markets' Electronic Interdealer Quotation and Trading System provides centralized information and messaging network for competitive market maker price quotations and execution negotiation in OTC securities.” (Updated 3/09)
How does Pink Sheets work?
The following is from the Pink Sheets website. “In a dealer market, like the OTC, market makers compete for customer order flow by displaying buy (bid) and sell (ask or offer) prices for a guaranteed minimum number of shares. Once an order is received, the market maker will immediately purchase or sell from its own inventory, or seek the other side of the trade until the order is executed. Pink OTC Markets serves this process by providing our Electronic Interdealer Quotation and Trading System, an Internet enabled application that permits the community of broker-dealers to view and update quotes in real time. Brokers wishing to respond to a bid or offer displayed over Pink OTC Markets' Electronic Interdealer Quotation and Trading System can contact the displaying firm electronically to arrange the transaction.” (Updated 3/09)
What is your cycle for clothing?
Spring/Summer and Fall/Winter are the clothing cycles. Additional information is available on the full year business activities including the design, selling, order placement and revenue recognition timing in the “Yearly Business Cycle” on the Investor Relations page.
Our Direct Sales Representatives sell through Trunk Shows held every week during these seasons. In addition, there will be a selection of blankets and diaper bags available for sale throughout the year.
(Updated 1/10)
When did My Vintage Baby, Inc. go public?
In June 2007 as a public company; however it started in 2003 out of Jessica’s dining room and a friend’s garage. (Updated 10/08)
What is the number of employees?
The company has eight employees, four are full time and four are part time. (Updated 1/10)
What is the amount of common stock held by insiders?
As of January 16, 2010 the following individuals hold shares (over 50,000):
Jessica Wiswall (CEO) – 1,723,984,527 common (restricted)
Jeff Welsh (CFO) – 1,700,000,000 common (restricted)
Lisa Welsh (Director of Operations) – 16,320,000 common (restricted)
Shares are restricted for Jessica Wiswall, Jeff Welsh and Lisa Welsh (1 year from date of issue, and there are restrictions after the holding period that apply). There was a sale of 500,000 shares by Jessica Wiswall on February 4, 2009 due to a potential opportunity to fund an activity that would benefit MVBY. While it did not occur, she had gone through the time and expense of getting the shares out of restriction and did not want to go through the process to get them back in.
Total restricted shares including the above are 3,631,413,910.
(Updated 1/10)
What is the number of shares authorized, outstanding and number of shares freely tradable?
As of January 16, 2010 there were ten billion shares authorized, 5,321,341,574 shares issued and outstanding and 1,689,927,664 shares that are freely tradable (public float). (Updated 1/10)
When and how are your financial results posted?
Our financial filings are due 45 days after the close of a quarter or year end period (March 31 due May 15, June 30 due August 15, etc, year end December 31 filings are due February 15 of following year).
They are posted on Pink Sheets www.PinkSheets.com and can be viewed by typing our stock symbol MVBY in the upper left “Get Quote” box. Once our company page is loaded you may click on the “Filings” tab in the pink band of tabs in the middle of the page to see our current and past financial and Attorney Opinion Letters. There are several pages of information available by clicking on the arrows in that section. Any information prior to 2007 refers to the shell corporation we purchased and does not pertain to the current management team or product line.
You can also go to the Investor tab on the My Vintage Baby, Inc website and click on the Relations section and look for “Current Financial Reports”. (Updated 1/10)
Where is your manufacturing done?
The non company owned facility is located in Chao Zhou Jiangdong Dush District, Guangdong, China and it produces both exclusive and custom fabric and finished clothing. (Updated 1/10)
How is the line sold?
Beginning with the Fall 2009 season, we initiated a test of a new direct sales marketing venture, My Vintage Baby Direct. Eighteen representatives, primarily in North Texas, were selected to become My Vintage Baby direct sales representatives for the test in their respective communities. The commission-based sales representatives purchased sample lines from the unique My Vintage Baby Collection to be showcased at in-home trunk shows. The sales representatives provide shoppers with expert advice while they view My Vintage Baby’s exclusive children’s fashions in a relaxed setting. Shoppers can now be introduced to the complete Collections in one sitting, enabling them to easily select coordinating styles and accessories. Due to the success of the test and the favorable margin structure we have decided to use this as our “go to market” method of marketing our products. Where we have Direct Sales Representatives in an area we will not sell to any remaining retail customers. Instead, we will attempt to convert these retailers to My Vintage Baby, Inc. Direct Sales Representatives.
As of February 25, 2010 we have 136 DSR’s signed up for Spring 2010 from 25 states and 2 Canadian provinces. (Updated 2/10)
Why have you recently been issuing stock?
We have sold stock to provide additional working capital to support our operations, complete production deposits for our seasonal inventory and to pay down the past due debt from Agile Opportunity . Unfortunately in today’s economic environment there are limited sources of capital. We are actively looking at more permanent options as opposed to issuing stock. (Updated 1/10)
What’s with the stock price?
Stock price is a difficult discussion at any time but especially now due to several factors. Each investor has their own set of criteria for establishing the worth of a company and thus its market price.
For some investors’, it’s all about the daily price movement. There is no searching for underlying business fundamentals, no real study of the financials, the management team, the product line, the number and quality of retail outlets, the investment in market research, etc. They have no long term stake in the company. There are certainly other investors that look at multiple areas before arriving at a price and are in for the longer term.
Recently there is the whole external environment that affects their short and long term thinking, especially in today’s volatile economic times. Some investors may not be in the same financial position as last year or even last month and may have sold to cover other expenses. We simply do not know what factors the individual investor weighs when making his decision when buying or selling and what their price threshold is on any given day. (Updated 3/09)
Do you use “chat rooms” such as Investor’s Hub or Raging Bull for communicating with investors or potential investors?
As a business practice we want to communicate in a manner that both satisfies the regulatory agencies and provides factual and meaningful information to the investing community. We have elected at this time to not use chat rooms as a means of outbound communication. That does not mean that we do not look at these sites periodically to monitor what is on peoples minds. (Updated 10/08)
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