Romy later mentioned she was taking a salary of $100,000 and had $600,000 in debt which is from salary not taken in previous years. Robert wanted to know what happened to the remaining profit. This concerned Robert as the products retails for $15 and Roby had 60% margins. retailers and that she also had international distribution. Roby mentioned the product was in over six thousand U.S. Robert moved into the numbers and Romy mentioned she had almost $1,000,000 in sales in the past twelve months. Romy mentioned there were clinical studies done and that the product had FDA clearance as acupressure has been practiced for thousands of year, but Mark and Robert felt that those claims didn’t really prove the product worked. Robert was wondering if there was proof on the product actually curing nausea. She finished by mentioning her company was profitable before handing out samples to the Sharks. Romy showed the Sharks about her solution in Psi Bands and how the product was different than competitors such as being water proof and adjustable. Romy began by selling the Sharks on the huge market for her product by mentioning common people who face nausea such pregnant woman or someone going on a cruise. Romy entered the Tank seeking $250,000 for 10% equity in her company. Psi Bands on Shark Tank Psi bands demonstrated Psi Bands Now In 2023 – After Shark Tank Update.
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