“It would be interesting to know what the breakeven point is for Reed; i.e. how much revenue they need before they make a profit.”
I thought I had read somewhere that there would be no refunds for those who pull out of the show.
I’m not usually litigious minded, but in this case it is warranted. To change the rules like this a week or two prior is bad form. Should take a good hard look at the fine print of the vendor agreements...
The revenue from selling exhibit space is only one revenue stream; Reed also makes money from selling tickets to the attendees of the show. My guess is that word is spreading through the outdoors community and that attendance will be proportionally affected by the withdrawal of key exhibitors.
Be interesting to see if the jury at the lawsuit feels themselves bound by the arrogant proclamations of a bunch of contract-breaching rule-changing deadbeats. I'm guessing not.