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Knowing what you now know, do you still think this company can put this insurmountable baggage behind them, and turn the corner into the profit zone? It just seems to me that the lawsuits will be unending and the legal ramifications that await them will be overwhelming. You haven't expressed your sentiments lately, and are the only cheerleader left that makes any sense at all...imho...
Who cares about the 10-k? Those are just facts (supposedly) that are legally required. How about the blockbuster news we have been receiving from our new posters. Based on that information, I expect that we will be back to $2.00 in no time...imho...Scoreboard...(.32)
YEP...Nothing like having a 3 year old recollection, to remind us all how lucky we all are to be invested here. Don't you agree Alvie?
WOW...Keep those facts coming...Is that you that bought the 2k shares that has traded so far? With all that insightful information we may trade 5k shares today!!!
That is really good to know. I think I will start buying again. Please don't hesitate to keep us informed...
Thanks for that incredible information. You have no idea how helpful you have been. We have been starving for some substantial facts like that. Don't be a stranger...
Where is RoBozo? We sure could use an updated "version" of his "vision." His perspective of the company is the only one left we can trust to be accurate!!! imho
We could never thank you enough RoBozo for all the entertainment value you have given us over the past year. We got to laugh at you time and time again. I am sure even Alvie had to be chuckling away, as you continued to make a fool of yourself on a regular basis. And here we sit at .35 and the company in disarray, and you somehow need to prove to us that you have something important to say. Well you don't, you never have, and you never will. You have proved that to us every time you posted, while you continue to defend a company that is defenseless. I feel sorry for you RoBozo. Very sorry...imho...
Someone is nibbling at .0002's this morning...
If it "ever" runs again, it will go much higher than that...imho...
Some good volume today...Was it mostly buying or selling?
What's your point? It only took 150k shares today to bring it down to .21. The price is still the price, whether it is a small dump or a big dump. A "big dump" would take it down to .01...imho...
Scoreboard...(.28)...Perhaps the headquarters in San Diego was raided today? That's is if they are still there. Maybe they have already moved into one of Yate's mansions, where he is only charging the company 50k a month for rent. Hey, you got to make an honest living somehow. What are your "sources" telling you Alvie? Here comes the dump!!!...imho...
You have another opportunity to average down today. You could pick up some more shares right now at about .33. Are you saying you are no longer a believer? Didn't you once once mention you had a framed photo of Yates on your desk? Or perhaps it was Robozo or Franyknowsitall. You all seem like a big blur right now...imho...
We will probably trade at a 52 week low tomorrow. Were you buying or selling today Alvie? I hope I didn't forget to thank you when you gave me that fabulous advice, to average down when we were at .60...Just saying...imho...
Scoreboard...(.37)...Yates is the kiss of death!!! imho...
Would he at least shave for the show? Probably not. Besides, he does not have the time, now that he is going door to door...imho...
Maybe Yates and his other cronies will give back the money they awarded themselves without merit. That is what probably got them into this mess in the first place. It would most likely cover most of the deficit you mention, and help bail them out...Scoreboard...(.39)...imho...
You are right...I don't know why I am still in this POS. Perhaps after the 10-k, I will finally start selling. This looks like it will hit .10 before $1.00. Believe me, I will let you know when I do, and then you and your boys can start celebrating. Yates has decimated alot of lives, and he could not care less. That is the type of man the "cheerleaders" will go to the gates of hell for...
This is the part that is most disturbing. All of these lawsuits are a result of the sales they made over a year ago. They used that information to pump the stock up to $2.79. They also knew they were not prepared to deliver those units on time. At the same time Yates was awarding himself raises, commissions, and bonuses based on those sales. Now is that fraud or not? I guess the SEC will have the final word on that. I just hope Yates gets what he "truly" deserves. As long as he is connected to this company in any way, shape, or form, the company will fail. Just watch. If you are unhappy with the company or management, please contact the SEC and file a complaint at sec.gov...imho...
It has always been suspicious to me that they would never disclose a list of the locations of the "407" units they claim to be installed. Why not? I will bet anyone on this board 10k that is not accurate. And here we argue over the operating condition of a single unit that someone just happened to take a picture of. Really? How pathetic is that? Think about the feedback we have gotten from the other franchise owners. Hardly any. If it was good, don't you think we would hear about it. And look at the credibility (excluding Alvie) of the cheerleaders promoting the company. A total clown show never backed up by any facts. We are still waiting for RoBozo to prove his sales numbers but we all know he never will. I still do not know what Fraky's agenda is. All I know is he never makes any sense and talks in riddles. That is scary as hell. We are in trouble folks. Wake up. We have all been hoodwinked and the worse it yet to come. All the signals are pointing in that direction!!! Scoreboard (.40) Let me repeat that (.40)... imho...
The silence is deafening and the volume is pathetic. Nobody is ever going to buy this POS. Let's try and put this thing into a proper context. This company can not be trusted at all. Yates only cares about himself, and have been consistently proving that for the past two years. He knows he is in over his head, and will most likely be fighting legal battles for the next 10 years. And let's not forget the SEC along with an upcomming class action suit. With 160 machines just sitting there, I am not even sure that moving forward is on their agenda. I think they know this company has no chance of ever being successful. I also think with they are now positioning themselves for an exit that benefits strictly themselves, and not the shareholders or franchisees. They haven't even updated their website in three months. We can all agree it would not surprise a single sole if that is where we are headed....imho...
Where is Franky and what have you done with him???
Yes, that is what Ryan told me. But "my sources" tell me that the 160 units are ready for be delivered to the homes that Yates has sold going door to door. You see his good old longtime buddy and pal of the company, Phil Mickelson lives in Rancho Santa Fe. The richest zip code in the country. It turned out to be very lucrative selling units there. People who live there just wanted the units as a novelty item. And of course they bought them as a special favor to Phil. Aren't you tired of thinking out loud Alvie? Isn't that the company's job to keep us informed of important information like that? Quit making excuses for them. It is "my understanding" that this company has done enough damage as it is, while consistently keeping us uninformed...imho...
How is this company ever going to turn the corner? Who is ever going to buy this POS or their products? No transparency, credibility, or track record. They don't even mention Printmates anymore. What a joke. And who benefited from that transaction again? Yates has run the company into the ground and I can't imagine anyone having any good faith in their services. Then you tack on all the lawsuits, SEC investigation, and eventually class action suit. Perhaps all management cares about this point is somehow enriching themselves again with the additional 100 million shares before the s**t hits the fan! Are you proud of yourself Yates? Did you return that money you gave yourself and did not deserve or earn? Is that why there is no cash left today, because you and the the rest of the management team took it all when you had the chance. Did you think you were going to get away with this? Some "clarification" would be most helpful. Scoreboard (.40) imho...
How about the shareholders that have lost 50-75% of their investment like myself. It only took Yates 2-3 months to run the stock up from 1.00 to 2.79 on news releases of multi million dollar sales. I find it hard to believe that they did not know they had little to no chance of delivering on those orders. At the same time Yates was enriching himself with raises, bonuses, and commissions. I am sure the SEC finally has him under the radar. Think of all the lives he has destroyed. Investors, shareholders, employees, etc. And now he has another 100 million authorized shares to play with, at the shareholder's expense. How does he continue to get away with it? Please file a complaint with the SEC if you are unhappy with the company or management. You can contact them at sec.gov...imho...
Who in their right mind would ever buy this POS stock or product? How does Yates even show his face at work. The employees know what he has done, and what he stands for. How is working for VEND ever going to forward anyone's career? Perhaps that is why Yates took the door to door sales job. So he would not have to embarrass himself being seen in the office, by the unlucky employees who were not let go...imho...
Well one thing is for sure that we can all agree upon. The company will never disclose to us what the "real" reason is. They never have, nor ever will. Perhaps Franky can fill in the blanks for us. He seems to somehow "know it all" and is quite adept at answering questions in a riddle format, without presenting any facts whatsoever. Quite a skill indeed. I am sure if they were not cutting 40% of the current payroll expense, they would have asked him to run Investor Relations. At least he would be my choice...imho...
It has also been over 10 weeks since they last updated their operating installations on their website. I am sure the current numbers are not all accurate. And I do not mean that there may be more units. My favorite part of the website is going to the investor page. When there comes up a stock graph of vend on a cell phone. Going straight up and leveling off a little, when the real stock graph is straight down. Take a look. Too funny. As you say it is almost impossible being a cheerleader anymore, when the company has zero credibility, no transparency, and has been run into the ground by greedy management. But I am sure there will still be a few cheerleaders left, who will still try and defend a company that has gone from 2.79 down to .40 in a little over a year. Hard to believe but true. Some people just do not have any grip on reality. I am sure Yates will find another way to richly reward himself in his new door to door sales job. And we haven't even discussed what they are are going to do with the 100 million more authorized shares. Dilute. Dilute. Dilute. What do you supposed happened to his "vision" of the company that was revered by most of those cheerleaders? What a shame Yates does not ever read or post on I-Hub. He might have learned a thing or two, that could have helped him avoid this current dilemma. But I am sure he thinks he knows it all. I guess there is nothing to cheer about anymore except all the incoming lawsuits by investors, the SEC releasing it's findings, and the pennies on the dollars that the the investors might get back years from now, in a class action suit. Give me a V...Give me a E...Give me a N...Give me a D...What's that spell? VEND...SCOREBOARD...(.41) imho...
Has the big, bad, brown bear finally come out of hibernation? If so, buckle up!!! imho...
Nice try at a pump today, but that is an old tactic that is no longer fooling anyone. That's what happens when you have no credibility. Can someone explain to me how Yates got away with giving himself and other management personnel raises, bonuses, and commissions that they did not earn or deserve? Those sales news releases over a year ago pumped the stock up to 2.79. Then he proceeded to run the stock price into the ground. Nobody in the world get compensated for running the stock price of their company down 80%. He does not deserve that money which belongs to the shareholders. Did you return that money Yates? Please contact the SEC at sec.gov and file a complaint if you are unhappy with the company and management. We all know they can't be trusted. The SEC will make sure they will get what they really deserve...imho...
IT IS NEVER TOO LATE TO FILE MULTIPLE COMPLAINTS WITH THE SEC, IF YOU ARE UNHAPPY WITH THE ACTIONS OF THE COMPANY AND MANAGEMENT...
Dear Mr. Sonata,
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
We appreciate your informing us of your concerns regarding Generation Next Franchise Brands Inc. The Office of Investor Education and Advocacy (OIEA) processes many complaints received from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some correspondence received by OIEA is referred directly to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you.
The SEC conducts its investigations on a confidential and nonpublic basis and neither confirms nor denies the existence of an investigation unless the SEC brings charges against someone involved. We do this to protect the integrity and effectiveness of our investigative process and to preserve the privacy of the individuals and entities involved. As a result, we will be unable to confirm whether an investigation exists or provide you with any updates on the status of your complaint or of any pending SEC investigation. Information on our policy is enclosed. You may wish to check our website, www.sec.gov, for information about pending SEC civil actions, administrative cases, and other matters.
If you have any questions, please contact me.
Sincerely,
Karen R. Flemming-McDowell
Investor Assistance Specialist
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
www.sec.gov
www.investor.gov
www.twitter.com/SEC_Investor_Ed
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INFORMATION ABOUT SEC INVESTIGATIONS
Let's not go too hard on Alvie. He is the only cheerleader left who makes any sense at all. My "sources" tell me Yates has not had the time to put out the monthly update. He is too busy going "door to door" in his new sales position. At least there are two things will can all agree on. The first is that Yates has run this company into the ground, without ANY regard for the shareholders. I wonder if he has returned any of that bonus money he awarded himself. For a job "well done" of course! The other is SCOREBOARD...(.42)...Nice job Yates! Dilute away, which appears to be your best skill... imho
Of course it smells. Bust out those 100 million additional authorized shares and let's further dilute this POS. This is just another admission of guilt. Over the past few years management has been overly generous to themselves. After consistent raises in salaries, commissions, and bonuses they had to finally decide to reorganize to save the company. I am not saying these are not productive steps considering the present situation. But I am saying if they weren't so reckless and greedy in the past, none of this would be necessary today. Or if they had done this years ago (like they should have) there would have been more check and balances to protect the shareholders. Now look at us. Scoreboard (.39)...imho...
Your last two posts have been spot on. I encourage everyone to read them. I have already lost 75% of my investment in less than one year. The only thing keeping us from losing the rest is the SEC. The company and management are not our friends here. We can't expect them to be acting on our behalf. The SEC will enforce the rules. They could take that additional 100 million authorized shares and run the stock price right into oblivion. They already have. Any shareholder that is unhappy with the company can file as many complaints as they like at sec.gov. Vend is already on their radar. Nobody is exempt from the rules. Scoreboard (.40)...imho...
WOW...Scoreboard (.42) Big volume with most of the trading at .40-.41. Now that Yates has his hands on another 100 million shares, we should expect to see new 52 week lows shortly. Not even Printmates or Popcorn can save us now. Nice job Yates!!! Are you proud of yourself? How about some more "clarification" for your "beloved" shareholders...imho...
That's what I thought, and I wish I had never bought shares in this company as well. But I did. It is just that your post confused me, when you said, "I am going to give him a chance to prove himself, and hopefully everyone will do the same." Does that mean shareholders like myself, observers like yourself, or both? I am down a significant amount of money in this POS. That is very easy advice for you to give, when you have nothing to gain or lose by how the company performs in the future...imho...
I agree. It is possibly some positive steps in the right direction. It certainly can't be any worse than the recklessness of the past, now that Yates will no longer be running the show come Sept.1. It has been a lot more painful as a shareholder, than as an observer. If I recall correctly, you do not own any shares. If you do, I apologize for the error...imho...
From the August 8th press release from the company. Path to Profit. "Eliminating 40% of the current payroll expense." That sounds like an admission of guilt to me. Now you are saying you can do an equal or better job than before, on 40% less payroll? To me that sounds like incompetence at its pinnacle. How badly did payroll get out of control? What is it you are now cutting out? Massage technicians, chiropractic adjustments, acupuncture treatments, manicure and pedicures, free golf with Phil, all the yogurt you can eat? Which ones are no longer there? Or is just reducing the compensation for executive management, the "actual" 40% reduction in the current payroll? A "clarification" here would be most helpful for shareholders...Scoreboard (.48) Who's fault is that?...imho...(Post 2 of 2)
From the August 8th press release from the company. Path to Profit. "Reducing compensation for executive management." Are you kidding me? This company has been run into the ground by this management team. The stock is down 75% in the past year! Down 75%! What could they have possibly compensated themselves for? For having no credibility? No transparency? No follow through? It has been one mistake after another after another. Nobody gets compensated for that! Nobody! Do the right thing here management team. Return all bonuses, raises, and commissions back to the company. Why should you be rewarded for your incompetence, while the shareholders including myself are losing their azz? DO THE RIGHT THING!!! RETURN THE MONEY!!! Perhaps Yates will miraculously show up again and "clarify" why they have not. Or even better than that, "explain" why he feels his management team deserves the compensation they proudly rewarded themselves!!! imho... (Post 1 of 2)