Re: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Robert Doc Wright
the biggest difference is that you don't get burned with the Instant Pot you take a grave chance the old fashion way. You also don't have to monitor the pressure like you do the old way. - Original Message - From: Sieghard Weitzel To: viphone@googlegroups.com Sent: Wednesday,

RE: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Sieghard Weitzel
Yes, what you say is exactly true, it is an electric pressure cooker, but unlike the stove top models which have been around forever, it was market as something completely new and revolutionary with all the different programs and basically it was a reinvention of the wheel. But of course we see

RE: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Sieghard Weitzel
That is true, but some key facts from the article are: In court filings, the company says it generated operating cash flows of just $17.9 million US in the first three months of the year. That relatively meagre figure is a sharp contrast to the more than $500 million US worth of debt on its

RE: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Richard Turner
Here is a quote from the article that Feliciano sent: "The company’s sales of “electronic multicooker devices,” which primarily includes Instant Pots, reached $758 million in 2020, the start of the pandemic. Since last year sales for those products Link ‑ plunged 50% to $344 million, according

RE: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Sieghard Weitzel
Definitely there are other options and some have been discussed on here,. One I believe was from a company called Cosori, but many exist from well-known brands like T-Fal, Breville and others. My article was simply meant as an interest read for those who have Instant Pots and have an interest

Re: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Feliciano Godoy
I agree. They filed for chapter 11 bankruptcy. I quote The bankruptcy process will not impact the ability to purchase products as Instant Brand will operate as usual with the help of $132.5 million in new financing.

RE: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Richard Turner
I am not a user of the Insta pot or any other pressure cooker. However, I did a quick duckduckgo.com search for Smart Pressure Cooker and found one by Chef IQ at Amazon. Regular price $200, with the 20% off coupon on the site it is $160. I know nothing else or if the app is accessible, but

Re: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Mary Otten
It’s important to recognize the difference between the two different kinds of bankruptcy filings. Instant filed under Chapter 11, which means they are trying to re-organize, not just go out of business. Apparently they do have a financing group ready to infuse more money into their business, but

RE: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Cristóbal Muñoz
I’ve had my Bluetooth IP for eight or so years now. I always expected it to last longer than the supported app and for a while, that seemed to be the case until I guess enough people complained about the situation where they put out an app update. I suppose now we’ll see how long the Bluetooth

Re: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread lenron brown
Hm they will be around for a while. Instant pots are great for quick meals or large families. On 6/14/23, alia robinson wrote: > it’s not really a craze. there have been rice cookers, pressure cookers, and > slow cookers forever. this just combines them, and does it well, imo. > > Alia > >> On

Re: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread alia robinson
it’s not really a craze. there have been rice cookers, pressure cookers, and slow cookers forever. this just combines them, and does it well, imo. Alia > On Jun 14, 2023, at 6:07 AM, Robert Doc Wright > wrote: > > mine is still going strong after four years. I have the Instant Pot Dual >

Re: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread alia robinson
all the instant pot is is an electric pressure cooker. you are still making things from scratch. people have been cooking under pressure for ever. it was easy convenient, and quick, and you get perfect rice everytime. it might not be branded “instant pot” but these devices are going nowhere,

Re: Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Robert Doc Wright
mine is still going strong after four years. I have the Instant Pot Dual crisp. - Original Message - From: Sieghard Weitzel To: viphone@googlegroups.com Sent: Wednesday, June 14, 2023 12:39 AM Subject: Enjoy your Instant Pot while it lasts - the company has filed for

Enjoy your Instant Pot while it lasts - the company has filed for bankruptsy

2023-06-14 Thread Sieghard Weitzel
I know many on the list bought into the Instant Pot craze about 4 or 5 years ago, I kept considering it and was waitiand waiting for the new Smart model (not the Bluetooth one) to come out and to be available for a reasonable price here in Canada. At one point it was somewhat reasonable, but I