Invicta Donates To Soldiers - false claims about the values of the watches donated.

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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by WatchDorks.Net » May 30th 2012, 3:54pm

"It's bad enough I have to eat sand over here, but now some fucker sends me an Invicta."

Talk about rubbing salt in the wound.

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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by theKING » May 31st 2012, 2:04am

$70,000 actually represents the total of all packages sent.... including the shipments that were broken into and stolen. A much larger number than 45... Still greatly inflated by about 69,000 though...

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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by foghorn » May 31st 2012, 3:29am

theKING wrote:$70,000 actually represents the total of all packages sent.... including the shipments that were broken into and stolen. A much larger number than 45... Still greatly inflated by about 69,000 though...

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And how,exactly,did you come by that information?

Nowhere in the article, or video, is that mentioned.

Did they write a follow-up that I missed??
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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by AJC » May 31st 2012, 6:07am

koimaster wrote:Posted at youtube and watchgeeks



The co-anchor's name was Maurice DuBois. If only the other was named Depraz.

The mental picture of a whole platoon of American soldiers over in Deustchland with 55mm monstrosities strapped to their wrists makes me laugh. But, this story in general and Lalo's shameless taking advantage of this situation to shill his product makes me uneasy. I would applaud him if he donated the watches and left it at that. But the fake qc inspectors, the inflated msrp, and the overall sense that I get that he's completely insincere pisses me off more than anything he's done in the past. It's a show.
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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by eddiea » May 31st 2012, 6:26am

koimaster wrote:@ FB

This Conversation.Vanessa Borge.
4 hours agoWatch Lords

Your story on Invica is becoming an internet joke line.Every watch forum is laughing at the so called $70,000 value of these donated watches. Over-inflated MSRP and sales prices at shopnbc. Really, $70,000. I can buy this watch brand new at ebay for under $700 at the highest.DId you even question thses calims? Do some research on this company. From fake sandstone dials which Laolo claimed were real ( I have the proof) to fake business relationships with Dubois Depraz, claims of Swiss factories they own which do not exisit. Come on now.
https://www.facebook.com/messages/2065991

http://watchlords.forumotion.net/f31-invicta-controversies
..


Did she ever make a comment on this?
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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by koimaster » May 31st 2012, 6:29am

AJC wrote:
koimaster wrote:Posted at youtube and watchgeeks



The co-anchor's name was Maurice DuBois. If only the other was named Depraz.

The mental picture of a whole platoon of American soldiers over in Deustchland with 55mm monstrosities strapped to their wrists makes me laugh. But, this story in general and Lalo's shameless taking advantage of this situation to shill his product makes me uneasy. I would applaud him if he donated the watches and left it at that. But the fake qc inspectors, the inflated msrp, and the overall sense that I get that he's completely insincere pisses me off more than anything he's done in the past. It's a show.


Agreed. IMHO if he had been sincere, this would have been done on the QT without fanfare.



eddiea wrote:
koimaster wrote:@ FB

This Conversation.Vanessa Borge.
4 hours agoWatch Lords

Your story on Invica is becoming an internet joke line.Every watch forum is laughing at the so called $70,000 value of these donated watches. Over-inflated MSRP and sales prices at shopnbc. Really, $70,000. I can buy this watch brand new at ebay for under $700 at the highest.DId you even question thses calims? Do some research on this company. From fake sandstone dials which Laolo claimed were real ( I have the proof) to fake business relationships with Dubois Depraz, claims of Swiss factories they own which do not exisit. Come on now.
https://www.facebook.com/messages/2065991

http://watchlords.forumotion.net/f31-invicta-controversies
..


Did she ever make a comment on this?


Nothing as yet
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Re: Invicta Donates To Soldiers - false claims about the val

Post by koimaster » May 31st 2012, 7:00am

This is the POS that invicta claims 48 of them are worth $70,000. At the full bogus MSRP claimed of $585.00, the 48 watches are worth $28,080. That is a far cry from $78,000 being claimed. At the current sales price of $188.00 these POS total $9k.

http://www.shopnbc.com/Invicta_Men_s_Specialty_Swiss_Quartz_Chronograph_Titanium_Case_Polyurethane_Strap_Watch/604-440.aspx
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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by themadhungarian » May 31st 2012, 8:32am

3 watch brands make up 99.999999% of the watches worn in combat zones: Casio G-Shock, Suunto, and Timex, because that is what AAFES sells!

I recently spotted a lieutenant in my company wearing a large garish watch.....a Goer (which he pronounced snottily as Go-EHHHH) but I didn't have to heart to tell him what a massive douchebag he looked like.
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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by eddiea » May 31st 2012, 9:22am

themadhungarian wrote:3 watch brands make up 99.999999% of the watches worn in combat zones: Casio G-Shock, Suunto, and Timex, because that is what AAFES sells!

I recently spotted a lieutenant in my company wearing a large garish watch.....a Goer (which he pronounced snottily as Go-EHHHH) but I didn't have to heart to tell him what a massive douchebag he looked like.

That makes sense magyar...and prompt the question, why would anyone sent useless fashion accessories to a platoon of soldiers?
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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by WatchDorks.Net » May 31st 2012, 9:49am

Do you really need to ask that question?

For the tax writeoff and the publicity, DUH!

Not a single person over at WG has dared to question either the motivation or the claimed value... damned idiots.
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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by abduksion » May 31st 2012, 10:01am

45 watches do not equal $70k. 585x45=26,325. I'm going by what Shop as the watch listed at MSRP. So where in the hell is the other 50k coming from? Shipping??? Even if the watches had a MSRP of the $188.43 the current price shop as them its only 183x45= 8,479.35 That would mean it cost Invicta over $50k to ship them???
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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by TemerityB » May 31st 2012, 10:18am

I just read the local (NY) CBS 2 (our local channel here) report, which contained the line, "CBS happy to play a role..."

In fact, the headline of the article reads:

Invicta CEO Delivers Watches To U.S. Soldiers With A Little Help From CBS 2

As much as I admire our troops and charity, allow me this: That's really fucking lame, CBS.

A real news organization - journalists, that is - aren't supposed to be part of the story, no matter what their role. I've been a news reporter, and if someone called me looking for information or help on something, absolutely, you help them out. But when the story comes out, the channel gives itself a pat on the back? That doesn't even qualify as yellow journalism - that's selling out your news cred for the sake of an "aww, isn't that nice!" from your lamest viewers.

What the fuck ever happened to standards, both personal and professional? A news room is supposed to be there to simply report, but then again, since Fox has pretty much ruined the TV news business, everything's a fucking variety show now. A prominent newscaster in upstate New York once told me, "we're not here to help; we're not here to hurt. We're here to report the news." Of course, that was a long time ago. Standards? Only if they equate to ratings points these days.

And as for Invicta, I have NO problem with their gift. Someone sent our servicemen free stuff. Personally, I think that's great in fact. I've done it myself - the only difference is I didn't concoct a way to let the press know all about it.

But that's our problem as a society; unless is happens on TV, it didn't happen. And only with a company like IWG can something like this take place and it still feels grubby and faux.
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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by koimaster » February 20th 2013, 8:54pm

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Re: Invicta Donates To Soldiers - false claims about the values of the watches donated.

Post by Horse Feathers » March 20th 2013, 7:50pm

"If you contribute inventory (property that you sell in the course of your business), the amount you can claim as a contribution deduction is the smaller of its fair market value on the day you contributed it or its basis"

http://www.irs.gov/publications/p334/ch06.html

So for a manufacturer the tax code is clear, the amount of your deductible contribution is the fair market value (FMV), minus any gain you would have realized if you sold the item at its fair market value on the date you made the donation.

Example, Lalo has a watch in inventory that he paid a factory in China $50 to make. He decides he needs to offset the latest debacle and decides to donate the watch. On that date ShopNBC would pay him $200 for it. If he decided to sell the watch his profit would be $150 ($200 wholesale less $50 cost). So his donation is limited $50





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Re: Invicta Donates To Soldiers - false claims about the val

Post by koimaster » April 26th 2014, 1:50pm

:bump:

Since there is a thread at BDWF posted by GeorgeH, I thought I would bump this up. George, I am not a member at that forum but this is my point, not an agenda, The value if fraudulent in a big way. And to use this incident to hawk his ware is bullshit. Two tv stations and new groups reported this crap and while this soldier and his platoon received free watches (sort of), a vendor should IMHO not brag about it and more importantly, not lie about it.

That is the point and more to the point, I wonder if Invicta has tried to write this off? If so, what would the value be, the cost to make the watches estimated to be $3.00 each, plus shipping at $2.00 each and packaging at $1.00 each or the BS inflated MSRP?
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