NO DEALīoth Mark Cuban and Daymond John both said they Do Not TRUST HER. Psi Bands are clinically proven drug-free wrist bands for the relief of nausea due to morning sickness/pregnancy, motion sickness/travel, chemotherapy, and anesthesia. It appears that she came in the Shark Tank and had no intentions of negotiating as she steadfastly sticks to the 10%. Taormina instantly says no and refuses to make a counteroffer. They all go out except for Kevin O’Leary who is the only one to make an offer for the $250k but wants 40% of the company. Yes, she actually had the balls to ask the sharks to cover her past salary with their investment in the company. She also has $600k in debt that includes past deferred salaries from years ago which instantly turns all the Sharks off. They are already in over 6000 retail stores across the country with a gross profit margin of only 11% (a hundred grand). PSI Bands Shark Tank Recap Romy came into the Shark Tank asking for 250k for a 10 share in the business. Robert Herjevic is the first to ask about sales for the last year when Taormina responds “almost a million dollars. PSI Bands (pronounced Sigh Bands) are currently available at REI, Whole Foods, pharmacy chains, & online and cost about 15. Romy came into the Shark Tank looking for a $250k investment for a 10% stake in the acupressure business valuing it at $2.5 million. There’s more to this story then meets the eye, and unfortunately, we all have to wait until this Friday Night on ABC to see how this all plays out. In 82 of CVS cases, subjects either develop migraine headaches later in life or harbor a family history of migraines 11. Deal or No Deal, they’re still obligated to give the producers of the Shark Tank a percentage of the acupressure business. In fact, the more I dig, the more I wonder what could the Sharks even offer this business? Maybe provide additional working capital to keep up with demand? Could be, but it seems this company’s already way past that point, so there must be another reason to even consider coming to the Shark Tank and give-up part equity. Maybe a QVC play to help further the Brands awareness? No, they’ve already been on QVC as early as 2008. Psi Bands Psi Bands Drug Free Bands For The Relief Of Nausea Cherry Blossom. Psi Bands Psi Bands Acupressure Wrist Bands for the Relief of Nausea, Crystal Clear. With an already clearly established product available in some of the most recognizable stores in the country, this should be a very interesting round of negotiations for the Sharks. Psi Bands Psi Bands Acupressure Wrist Bands for the Relief of Nausea, Heart Land. A partial list of just some of the stores already carrying Psi Bands includes Toys-R-Us, Babies-R-Us, Rite Aid, Wholefoods, CVS, Walgreens, and Target stores. Psi Bands are arguably the most attractive acupressure bands on the market and many retailers have already taken notice and already sell this brand. Taormina said yes.When Taormina had severe morning sickness during her pregnancy, she designed a more fashionable attractive alternative. "Are you saying that because you didn't pay yourself in the past, you consider that debt today? Herjavec asked. Her debt, specifically, added up to $600,000, which included past deferred salaries that she didn't take for the first four years. Taormina mentioned other expenses, including overhead, rent, utilities, bookkeeping and debt. The sales may have been high, but the net profit was considerably low, and the Sharks were concerned with how that could be the case. Robert Herjavec was especially intrigued and even a little skeptical. As she touted Psi Bands as products superior in function and fashion, the Sharks were growing more and more interested - especially after learning her sales were $1 million in the 12 months prior. In 2013, Taormina went on "Shark Tank," seeking $250,000 in exchange for 10 percent equity in her company. They were ugly, not waterproof so I could not wear them showering otherwise they'd get waterlogged. "The only thing that provided me with nausea and vomiting relief were acupressure wrist bands, but I was dissatisfied with existing products on the market. "I suffered from debilitating morning sickness during my pregnancies," Taormina said in an email to CNBC. Her products, Psi Bands, are stylish acupressure wrist bands she says help relieve nausea, including motion sickness, morning sickness, and nausea due to anesthesia and chemotherapy. Taormina asks for $250,000 in exchange for a 10 percent stake in her company.īattling nausea is far from a joy ride, which is why Romy Taormina made it her mission to create a solution for the uncomfortable experience - without forfeiting fashion for function. On "Shark Tank," Romy Taormina pitches her stylish acupressure wrist bands, which she says help relieve nausea, including motion sickness, morning sickness, and nausea due to anesthesia and chemotherapy.
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