I haven't received mine yet so I don't know if the other reviews are valid but it's a FREE item. People should take that into consideration.
I recieved mine but haven't used it yet. I agree it's a free item, but it is an item they are selling as well, so reviews and suggestions to Fastcap are a good thing and maybe what they want. The company seems like they are willing to listen and have proven themselves so far with what sounds like a MUCH bigger giveaway than they ever imagined.
I agree the lip is way too small, I don't see why they couldn't make it bigger, it also seems to have a lot of flex, I like the idea of the magnetic base and the bright orange color. The magnets in mine are pressed in and tight the plastic is bulging, I don't see how they would fall out.
Free is free and the catalog I got has already been paged through a few times. Their prices seem reasonable and some neat ideas coming from them that I will look at and try in the future.