From Wikipedia
:
Snake oil is an expression that originally
referred to fraudulent health products or unproven medicine
but has come to refer to any product with questionable or unverifiable quality
or benefit. By extension, a snake oil salesman is someone who knowingly
sells fraudulent goods or who is himself or herself a fraud, quack, charlatan,
and the like.
And from davemanuel
:
A
"snake oil salesman" is somebody that sells an item that claims to
have some miraculous powers. This product is usually accompanied by a
tremendous amount of hype.
The
term refers to a person that is pushing a product that is deemed to be
overhyped at best, and fraudulent at worst.
Does
Theos Medical Systems qualify as a "Snake
Oil Salesman?"
Is
what they are selling "overhyped
at best, and fraudulent at worst?"
Is
Theos's representation of their product Chummie "usually accompanied by a tremendous amount of hype?"
The
reader can look at the large number of entries in this blog relating to Theos
Medical Systems and Chummie to verify the extensive hype and even outright bad behavior of Theos, and why we believe that they very much represent
a "Snake Oil Salesman"
and his "Snake Oil."
Let
us look at a new example which exemplifies the continuing Snake Oil Salesman behavior and attitude of Theos Medical
Systems.
From
day one, Theos has claimed that they had over 100,000 Chummie units sold (or in
use) worldwide. Perhaps due to the pressure of this blog, they recently removed
this gross exaggeration from their web site and also from their claims about
Chummie on Amazon. But when one has spread deceit so widely, it is often
difficult to remember where this deceit may exist and remove all traces of it.
So here it is today on Chummie's false Snake Oil promotion on eBay, copied below from
eBay before the Snake Oil Salesman
changes it:
1. Highly Effective Confidence Booster
Equally effective in stopping bedwetting in boys and girls of all ages
Equally effective in stopping bedwetting in boys and girls of all ages
- Chummie is highly effective in curing bedwetting in children
- Chummie has no side-effects unlike the side-effects caused by bedwetting medication
- Chummie is a complete treatment system
- Chummie will boost your child’s confidence and self-esteem multi-fold
- Over 100,000 Chummie’s have been sold worldwide (the bold emphasis is ours)
From the same promotion, but mentioned everywhere else,
is the claim:
Urine detection is 50X
faster than all other bedwetting alarm sensors. Faster Detection = Less Mess =
Rapid Treatment = Quick Cure (the bold emphasis is ours)
Let us assume, for the moment, that Chummie is "50X
faster than all other bedwetting alarm sensors" in detecting the presence
of urine (though we have seen no
verification or scientific proof of this claim. Overly hyped?). Let us
assume that Chummie miraculously sounds its alarm within one-one hundredth of a
second after urination begins, while the "other bedwetting alarm sensors"
sound their alarm in one-half of a
second after urination begins. Does any reasonable and rational person who is
not susceptible to hype really believe that it makes any practical difference
to the user or the caregiver? We very much doubt it.
Making over-hyped, unrealistic and impractical claims, is
all part of the Snake Oil Salesman's
pitch.
Theos has been using their Snake Oil Salesman's pitch extensively in America for the
past approximately two-and-a-half years. The momentum generated by their Snake Oil Salesman's pitch has
obviously slowed down. This is best exemplified by their success (or lack of
it) on eBay, which is probably the second most effective and well-known site
for internet sales. This has been pointed out earlier on this blog with entries
in November and October, 2013. Since then, Theos is selling their Chummie
"Premium" alarm on eBay at an optimistic rate of three (3) units per
month. This really doesn't pay Theos's bills.
The Big Question:
So what does Theos do? Does someone at Theos say
"Let's go after the international market!" (our quotation)? And how
does Theos approach this? Will they be honest, straightforward, try to build
their "international" business ethically and truthfully and truly on
the merits of their product(s)?
The Big Answer:
Now we examine another example of "overhyped at best, and fraudulent at
worst" which has come to our attention.
Theos Medical Systems, desperate for customers and sales,
has made another Snake Oil Salesman's
pitch, this time
on Alibaba. Again, in order
to present the relevant materials from Alibaba before any possible changes are
made, we copy it below:
Trade
& Market
Main
Markets:
|
11.11% North America
11.11% South America 11.11% Eastern Europe 11.11% Southeast Asia 11.11% Mid East 11.11% Eastern Asia 11.11% Western Europe 11.11% Northern Europe 11.11% Southern Europe |
|
Total
Annual Sales Volume:
|
US$10 Million - US$50 Million
|
|
Export
Percentage:
|
31% - 40%
|
As pointed out above/previously, Theos has recently abandoned
its overly hyped claim of 100,000 units in use worldwide. Now Theos claims
annual sales of US $10 million to $50 million. Working with the lower range of
this claim, Theos would need to be selling over 100,000 units of Chummie at an
approximate price of US $100 each during every single year. If they were doing
so, then they certainly would have 100,000 units and even much more sold and in
use worldwide! And they have abandoned that well-tattered hype! Snake Oil Salesman's pitch?
Relating this to their actual current sales rate on eBay is stretching one's
imagination beyond belief! We can't even hype ourselves into believing it!
Now examine Theos's claim for its Main Markets:
Main
Markets:
|
11.11% North America
11.11% South America 11.11% Eastern Europe 11.11% Southeast Asia 11.11% Mid East 11.11% Eastern Asia 11.11% Western Europe 11.11% Northern Europe 11.11% Southern Europe |
Does any sane and rational reader believe this, or is this
a very convenient piece of presenting absurd and unrealistic numbers to what
Theos hopes are highly gullible readers? Snake Oil Salesman's pitch? We also wonder about the actual abilities,
credentials and qualities of Theos's people who conceive and publish such
nonsense for public consumption!
And finally, at the bottom of the above excerpt:
Export
Percentage:
|
31% - 40%
|
It seems as though Theos's basic mathematical faculties
are also in over-hype mode, and they cannot think straight or be reasonably
consistent. Adding up their market percentages for markets outside North
America (let alone just the U.S.) comes to almost 89%. And suddenly they modestly
claim that their export percentage is 31% - 40%? Huh? Is this believable? Or is
it more Snake Oil Salesman's pitch?
We can learn a simple lesson from the above. Snake Oil Salesmen remain Snake Oil Salesmen! "Overhyped at
best, and fraudulent at worst" remains a constant part of their
character and activities! Snake Oil
remains Snake Oil!
Buyers beware!
Again, we repeat:
We have referred to Theos Medical Systems and Chummie as the
fountainhead of deceit for the bedwetting alarm industry, and they are doing
everything they can to maintain their position. We doubt that they have the
ability or inclination to learn or do otherwise. As we have stated earlier, but
with the time period being extended:
"This is a truly sorry state of affairs, that Theos/Chummie spend so much of their time and effort on trickery and deceit. It may also be indicative of the sorry state of their legitimate business. We also note that all of our recent blog entries in over SIX months have been exclusively about Theos Medical Systems and their continuing buffoonery. We credit every other manufacturer of bed wetting alarms for not blatantly bringing themselves to our attention as Theos consistently does."
"This is a truly sorry state of affairs, that Theos/Chummie spend so much of their time and effort on trickery and deceit. It may also be indicative of the sorry state of their legitimate business. We also note that all of our recent blog entries in over SIX months have been exclusively about Theos Medical Systems and their continuing buffoonery. We credit every other manufacturer of bed wetting alarms for not blatantly bringing themselves to our attention as Theos consistently does."