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Please feel free to list your reasons Alvie. I do encourage your feedback, even if we do not agree. But I will debate you on who the mystery seller might be. The only thing that makes sense to me is the company has been selling out of desperation, to keep the doors open. A small dump of 20-50k shares on occasion could easily be done. Is it legal? I don't know. But we already know they have done things in the past that were not exactly above board. Why would anyone else be selling at all time lows? Even an investor with cheap shares most likely has no reason to sell. They just forked out 150k for 3 units, and it is doubtful they have a cash flow problem. Generation Next does. If they are selling, why can't management just give back some of the salary, commissions, and bonuses that they were so generous giving out in the past. Perhaps that is why they are broke now. That would solve the problem and stop the bleeding...imho...
It just keeps getting worse. Almost 40k shares got sold in a 45 minute window, all the way down to .40. Let's face it.The only person that would be that desperate to sell shares that cheap, would be the company. Perhaps they can't afford the cost of another shareholder meeting August 16th, which they did not anticipate. I have always "suspected" it has been the company selling all along. There has been way too much damage in the past for this company to move forward successfully. Even with Yates demoted. Nice advice "phantom attendee" recommending to buy on the dip. I hope you were fool enough to take your own advice...imho...
It can't possibly be worse. Perhaps Yates is also stepping down to address some other issues. And of course any news we ever get will never have a positive effect on the stock price. It will be a very long path back to establish transparency, and credibility. That if they don't have to file for bankruptcy first... imho...
Looks like Yates finally took my advice and is stepping down as CEO. That is in today's news release, along with some other major news. (Management Reorganization and a Path to Profit) You don't have to thank me all at once. I am sure Alvie will post it soon...imho...
Scoreboard...(.49)...It's not rocket science RoBozo...
What did you think of the shareholder's meeting? Did you have an opportunity to listen to the audio that was on the website for less than 48 hours? Nice job Yates!!! imho...
Come on Alvie. You are way too humble. We all know that Yates has given you the honorary title of EEO of Generation Next, which you happen to excel at...(Explainer Executive Officer) imho
WOW...They already took down the audio of the shareholder meeting...Too funny!!! SmokeAndMirrors strikes again. Perhaps Alvie can explain to us why they did that... imho...
The audio is up. A big fat nothing burger as I predicted. 10 minutes long as I predicted. All business and no answers to any questions as I predicted. But, at the very end where they cut it off, listen closely. Someone says they have some additional business they would like to bring before... That is where they cut it off today. That is the part I heard Friday, and posted what I thought I heard then. I guess it does not really matter what they said. All I care about now, is that the SEC has both eyes on the company...imho...
I voted no for the increase in shares. It was just too many. If they can't get it done with what they have, then too bad. Perhaps if it was around 25 million more, I might have voted yes. I just do not trust Yates with 100 million more shares. Sorry. Perhaps Yates and I will go broke together. We can end our relationship with some quality bonding time...imho...
Interesting first hour of trading. High volume with 3 big sells. One for 15k, 10k, and 10k. But they were all sold at .49. It seems like the MM's want the stock this morning. Way more sells than buys so far, but they are not dropping the price yet. Let's see how this settles. Looking forward to the audio from the shareholder meeting, although I already heard 8 minutes of the first one they had up. And that audio was a big nothing burger. With cheese...imho...
Perhaps the action is starting to pick up...
Well...If it is on Facebook it "must" be true. When do you think Yates will post the audio from the shareholder meeting? It was promised to be on the website today, in the news release...imho...
That "phantom attendee" is sure gobbling up alot of stock today, just like he said he would. Perhaps he will e-mail you later, to tell you when Yates will put the audio from the meeting back up on the website. And maybe he will also tell us where his units are going to be located. I loved the part where he said he "understands" the gentleman who owns the right to LA was there. Well, either he was there or he was not. And considering there were only 10 people there, (like I predicted) it could not have been that difficult to figure out. But my favorite part was when he wrote "There are million dollar deals happening" and "Once you see the numbers you will get it" Well what could possibly be more factual than that? Did you buy on the dip Alvie, like he recommended? imho...
Alvie, aren't you tired of "I've been told" and it is "my understanding" regarding this company. Along with the dozens of other questions we are waiting to be answered. All of this information should be of public record. But it is not. They have always been neglectful when it comes to disclosure and transparency. And as a result of that credibility. I do not see why you keep trying to explain everything away for them. It is their job to tell us the facts. Not yours...imho...
I agree with you 100%. I welcome and encourage an exchange of opinions and ideas, as long as it is based somewhat in "facts" But with this company that is next to impossible. Why are we even having a debate of a "phantom attendee" who apparently e-mailed Alvie, (how did they even do that?) but did not post themselves? And the "phantom attendee" mentioned nothing about his or her locations, which of course is the most important part!!! It just all stinks to high heaven as usual. Let's see what the audio of the shareholder meeting brings tomorrow. That's if they even put it back up...imho...
To the shareholder who claims to have been at the shareholder meeting Friday. I think it is reckless and negligent for you to be offering any financial advice based on your opinion. This stock has been a pure "pump and dump" play for the past 12 months. From $2.79 to .35, just 3 days ago. Anyone that has bought "on the dips" over the past year is getting crushed, and losing boatloads of money. If you want to drink the cool aid, feel free to buy away on Monday. But why don't you keep it to yourself and wait patiently for the "new highs" you predict. Good people have been hurt badly enough in this stock. And for what it is worth, I wouldn't "buy on the dip" until it hits .10. And even then I would proceed with extreme caution... imho...
If it ever runs again, it will fun fast. Be sure to sell on the way up, and at least get your money out. Because it could come back down just as quick. Free shares are always fun...
It has been on life support, but there is still a pulse...lol...
My guess is that there are probably dozens of investors that have already contacted the SEC in the past year. That will get their attention. And it has nothing to do with this board, which probably has under 20 followers. I wish we had a bigger following of shareholders. I hope we get back the same audio I was listening to. Yates sure seemed like he was in a big rush to get his business done. And just a whopping 14 minutes for the shareholders to listen to. If I wasn't losing my azz in this POS, it would almost be funny. They will probably edit it like I predicted. Maybe down to 10 minutes. Although it should be a matter of public record at this point...imho...
Weird...Just when I got to the juicy part about 8 minutes in. The audio was working just fine right up until then. Before that Yates was doing his best to push things through very quickly. I assume he was anticipating the ambush from the shareholder, (investigation) which of course does not surprise me. Again, nothing to do with me, otherwise I would have been there today. The fact that the entire audio was only 14 minutes tells you volumes. Yates said they were ONLY going to cover the business at hand. Classic Yates. You can't make this stuff up...imho..
The audio was already up. It was 14 minutes long, but I lost it after 8 minutes. Apparently there was a motion for the shareholders to investigate the company, which had nothing to do with me. Ironically, that is when I lost the audio. It was very boring and all business up to then. I will try and get it back. I encourage everyone else to try as well. I still can't get it back. I do not know if it is a cookie problem for me or they just took it down...imho...
Proxy and voting materials are being mailed to shareholders of record as of June 25. Generation Next will provide an audio recording of the meeting on the investor page of its website on Monday, August 5.
The meeting starts at 11:00 AM and should be done before 1:00. It will most likely be a small group. We should have the audio available to us from the meeting, on the website this Monday. Now just because that is what they told us in the news release, doesn't mean will happen. Keep in mind they can edit the audio anyway they like, removing any difficult questions that may have been asked, or anything that makes the company look incompetent. I would not expect any significant information forthcoming. We will eventually find out who in management attended. This meeting is strictly to approve another 100 million authorized shares and name change...imho...
Thanks for your feedback. I wish I could share your optimism. I am more afraid of us going down to .10 in short order. There is no support for the stock or new money coming in. Nobody isn't even averaging down at 52 week lows. I am also upset with myself with not selling at least part of my position months ago. All the red flags were there. I have only myself to blame for that. I just hope they record the meeting tomorrow like they said they would, and have the audio for us on Monday. I did call down to the office today. The meeting is only scheduled for 90 minutes, and they are only expecting about a dozen people, which I already predicted. Yates will have them in and out as quickly as he can, and I am sure he will have his way. This past 12 months has been a brutal experience for me and probably everyone else. I wish I have never heard of vend. Don't be a stranger. I wish we had some more fresh faces. It seems like I am currently here by myself...imho...
It seems like I now have the whole board to myself. In the last hour there were 37k shares that were sold at .38 or less. All pretty big blocks. So, the main question is who has shares that cheap, and are willing to sell at that price? And of course how many more do they have to dump. Or, who is so desperate that they need to sell their shares at possibly a huge loss? I expect tomorrow to be another bloodbath. Then the meeting. What is your assessment of the situation Alvie?
PLEASE...PLEASE...PLEASE...Read my post below and submit your complaint to the SEC if you are unhappy with the company and management. There is nobody else who will be willing to help and protect us. You should do this sooner than later. The more complaints the better. You can all clearly see where this is headed. If the company files for bankruptcy, it will be more difficult. Plus this could possibly help for a class action suit...IMHO...
Dear Mr. Sonata (obviously not my real last name)
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
DUMP...DUMP....DUMP...DUMP...DUMP...Will Yates be getting the CEO award of the year tomorrow at the shareholder meeting? Sure he will. Why? Because he is going to award it to himself. So why would anyone be dumping shares at 52 week lows days before the shareholder meeting. Because it tells me the news will not be good. And who would know that. Only the company management. And who do you think is selling shares? It is not rocket science everyone. Besides, the only reason there is any meeting at all is to approve the 100 million authorized shares, which will be worth nothing at this price. Yates does not want to be in any position to have to answer any difficult questions. So it will probably be a nice video, then vote on the shares, followed by all the yogurt you can eat... IMHO...
Nice job Yates!!! A year ago we met briefly in your San Diego headquarters. The stock was trading at about $2.50. I asked you what you thought of the current price. You responded that you thought it was a fair evaluation. So today I will ask you the same question. What do you think of the current price? Is .43 a fair evaluation? Is .35 more a more accurate evaluation? Perhaps a fair evaluation would be .25. You tell me. And what will be a fair evaluation once you get your hands on the additional 100 million authorized shares? Would you say .10 would be just about right? Shame on you Yates. You know exactly what is going on. How could you not? You know who has every cheap share, what they paid, and how many they have...IMHO...
The web site says 407. Then they went back to 325. And then back to 407 when I noticed and posted it. Which is it? Of course they will NEVER list the locations for us to see? Why would they disclose something like that? Maybe because that is their business and why we invested in the company. Zero transparency again. This company is UNBELIEVABLE!!! How do we know if the employees are still showing up to work? Has anyone even called them recently? They won't talk to me anymore. Where is RoBozo in our time of crisis? Has anyone else contacted the SEC and filed a complaint? Wake up everyone!!! IMHO...
You can frame it anyway you like Alvie. The bottom line is I have been right and you have been wrong for the past 12 months. There are many good people getting hurt here, because they were foolish enough to believe the nonsense the company told us. They don't care about us. Do you ever stop and think that your pro agenda posts may have convinced someone that this was a good investment? I understand that was not your intention, but it could have had that effect. I am glad I have possibly kept people from buying this POS or even averaging down. Especially if you will be able to buy it at .20 or less in a month. They should all be thanking me. EVERYONE that has bought this stock over the past year is LOSING money today, and the worst may yet to come!!! IMHO...
I think you should more concerned that such a small amount of volume could have such a huge effect on the stock price. What if an investor with a boat load of cheap shares decided to say sell 100k shares today and another 100k shares tomorrow? We would be down to .20. So let me get this right. You are saying you do not care how low the stock price goes, as long as it is low volume that is causing it? Really? And what good news do you speak of? Walmart? Phil? Name change? 100 million more shares? Confirmation of 407 locations by listing them? More record sales? Printmates doing great? More sale orders that they can't deliver on? What? How about some FACTS for a change. And where is Yates to be found while his company is imploding? He is probably preparing his tap dance show for the shareholder meeting on Friday, if he even shows up...IMHO...
Here we go everyone. EVERTHING I have predicted so far has been accurate. The rest of you over the past 12 months have been WRONG...WRONG...WRONG... We have already hit .40 and could go below. This is a pure pump and dump. Management must know who is selling. Huge blocks of sells going through in the first hour. One for 14k and another for 10k. Why anyone on this board continues to support the company and management is SHOCKING!!! The sellers must know that when the additional 100 million authorized shares hit the street, it is all over. Why else would they be dumping at this price? It is not rocket science everyone. We have all been hoodwinked. There is NOTHING keeping this stock from free falling. This is what you get for not being more pro-active and drinking the cool aid. Stop being an ostrich head and take your heads out of the sand!!! IMHO...
Are you a shareholder Johnny? I am and am currently losing 75% of my investment, at a cost basis of $2.00, in less than 12 months. I didn't know that being a shareholder was a prerequisite for posting on I-hub. The way I see it, is doesitreallymatter calls it the way he sees it. Good and bad. Unfortunately, most of it just happens to be bad. Is that his fault? Or is it the fault of the company and management? Let's just put the blame where it belongs...IMHO...
I'll tell you what RoBozo. If you can get your boss to write me a check for my stock loses, I will be happy to attend. And as a special bonus to everyone, I will promise to disappear forever. Never to be heard from or seen again. But be careful what you ask for RoBozo. If he does write me that check, you are going to dearly miss me!!! IMHO...
Come on now. If Alvie wants to vent once in a blue moon, I am sure he has earned it. Besides, I thought it was tastefully done and funny. Enough said. Let's address the real problem. We closed to at .46 with a 5k shares sell to end the day. I suspect we will test .40 by the end of the week. Let's just call it the way it is. If we are ever going to have any chance of getting our money back, Yates must seriously consider resigning at the shareholder meeting Friday. We need a leader that has a proven track record, and will bring back some credibility to the company. Everyday is just too painful watching the stock price tumble. So please Yates, resign. I am sure you know it is the right thing to do. We all know you did your very best. Stop thinking about yourself and start thinking of all of your employees, vendors, and shareholders who once believed in you and the company... IMHO...
It sounds like you may miss RoBozo's company. I do. He even invited me to the shareholder meeting, but never responded when I told him why I would not attend. As soon as those 100 million authorized shares get distributed, you may still have another crack at .10...IMHO... So I take that as a no, to averaging down today? If not, what price are you looking for? .40?
Is that why the stock is trading at .46? Because of all those buys? Really? Have you done any averaging down today? I assume you are still bullish. You can gobble up all the shares you want today under .48. I'll also assume that you do not have any shares that cheap yet. Although the way things are looking, tomorrow will be a better day, as the price seems to be going down every single day. You would think the stock price would be going up this week, in anticipation of all the wonderful news they will be releasing at the shareholder meeting Friday. Perhaps Phil Mickelson and the CEO from Walmart will be there...IMHO...
Some things to think about today. Yesterday we almost hit a 52 week low. We have already traded at .46 today. Yesterday also saw one trade for 30k shares at .49. Think about that. Someone had 30k shares to sell on one trade at .49. Who could that be? I can tell you it was not an investor who bought the stock at $2.00 and took a $45,000 loss. So it was an investor with a boat load of
cheap shares or the company needing money to keep the doors open. How many cheap shares are out there we do not know. The company knows but will never tell us. Look at the graph for vend. We are on a 12 month dump cycle after a two month pump cycle last summer. There is nothing keeping this stock from free falling.There are no new investors coming into the stock for obvious reasons. Nobody is looking after the stockholders interest. Management has been consistent with their lack of credibility and transparency. They continue to keep the hard facts from us. At the stockholders meeting on Friday they will only tell you what they want to tell you. If they get their hands on the additional 100 million authorized shares it could be game over. We need to protect our interests. Please file a complaint with the SEC if you are unhappy with the company and management. You can file as many complaints as you like. You can reach them at (800-732-0330) or go to their website at sec.gov. The more complaints they receive the better for us. We are down over 80% since last summer and the slaughter continues...IMHO...