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Of course I want that...But the buyers DO NOT want that. At least not until they are finished buying...
I suspect their intention is to buy up as many .0002's as possible. And it may take several more months at this speed. I also suspect that it is the same source or sources that gobbled up all the .0001's as well...
All buys and now a tiny sell. I think it is the same person who is buying. They are very careful not to bring any attention to their buying...
Looks like all buys so far this morning...
I am seeing most of the buys today hitting the ask with no movement. Am I correct?
Stop congratulating yourself RoBozo. The last time I checked, the stock was trading under .70 with a bid of .60...You are priceless...
Correct...This is an accurate breakdown...I am locked and loaded...All aboard!!!
Here we go again...All buys hitting the ask and the stock has not moved one penny. More manipulation. Perhaps we should be discussing that!!! Are we ever going to see a lousy $1.00 again??? I'm tired of hearing all the mumbo jumbo growing pains stories. The truth is this stock this in the gutter and there is nothing substantial from the company that will move this thing north...
I welcome all shorts and longs to post. Why not? Who is to say there is not any value on what they say? Again, this board is strictly for our entertainment. It will never effect the price of the stock more than a few pennies. But it could be useful in helping us make up our minds what we want to do. Let's face it. The company has not exactly been forthcoming. They have yet to earn my trust. There is not one person on this board that truly understands what is going on. During the summer they artificially raised the price of the stock with all of those press releases, knowing they had no way of successfully delivering the units. That is when I got suckered into buying. My mistake. There is still a great deal of doubt whether this company will succeed. If I was not stuck like a pig, I would most likely be gone. I probably will be, if and when I get even. And yes, several new posters have recently come out of the woodwork, including yourself. The more the merrier as far as I am concerned...
I agree...Shorting at this price may not be the way to go. Shorting at $2.70 was a score. I would like to hear as much feedback from everyone who has something to say. Whether negative or positive I hope FroYoMan will continue to contribute his feedback...
I think that is just how the current buyer prefers it to be...Slow and steady...
VERY NICE!!!!!!!
I encourage ALL posters whether positive or negative to continue posting. That is what this board is all about. Again, this is I-Hub. It does not have a sterling reputation. Anyone who is getting their investment information or advice from here, should not be investing at all. This board is strictly for entertainment to discuss whatever we want and sometimes just to vent. I understand there are rules. And since we have a very good moderator, he will let us know when we are breaking them. Aside from that, post away!!!
MDCN is dead and always has been. Always will be. GRLF is where the action is at the same price structure...Check it out...
What do you think is the collective amount of shares owned by ALL of the participants on this board? 100,000 shares? 200,000 shares? 300,000 shares? Whatever it is, it is ONLY a tiny fractional part of the float. This board will NEVER effect the price of the stock more than a few pennies either way. Today my strategy is to sell all the way up to 2.00, if we ever see that again. At that point I will decide if I will keep any shares for the long term. I am not yet convinced this company will be profitable. Yes, I made a mistake when I originally bought this stock. I was fooled by all the hype and press releases that were designed to artificially raise the price of the stock...
In all fairness, this board will NEVER effect the price of the stock. Whether the posts are positive or negative the price is out of our hands. At this point the longs will just have to wait it out just to get even. If the company can FINALLY execute, there MAY be some light at the end of the tunnel. On the other hand, we could just as easily see .50 or even lower again. As things stand today, getting even would probably be my exit point...
This board has NEVER been fun. Almost everyone on this board is down 50% or more. And here I thought it was going to be RoBozo to save us. Looks like I was wrong. RoBozo, where are you???
Nick Yates <Nick@gennextbrands.com>
Feb 15 at 12:44 PM
Here you go.
Note: I’m not going to do this for you every time so please don’t send every post you receive to me. My role is not to satisfy opinions, it is to grow the company and provide long term shareholder value. That’s what I am going to do.
Anyone have any thoughts about the 10-Q they just filed? I'll share mine.
Let's start with cash. Come on. Seriously. $408K? Their burn rate has to be way more than $250K a month. So, that is less than two months of operating capital. Definitely not a good sign. Especially when they had over $10 million six months ago. (I know, I know. Most of it is tied up in inventory). I won't bore anyone with the math, but based on the company's own estimate, there won't be enough cash coming in from machines installed to float the company past the two months. And, the PPM is probably sitting at $0.35 per share with no one even remotely interested given the decrease in the share price.
Our cash of $408k does not include restricted cash of $4.6 million and receivables of $17.8 million (before accounting adjustments). Furthermore, they have not taken into account cash received from deposits on new sales.
Accounts receivable. $0. Enough said.
Our receivables are actually $17.8 million (prior to accounting adjustments); they are shown as “contract assets - due from franchisees on the balance sheet. Whoever posted this has no clue how to read financials.
Speaking of inventory. Why in the world would a company like this spend $5 million on inventory in six months when they can't even get machines out the door. Didn't they just come out and say they expect to get like 20-30 machines delivered each month? Oh, but let's not forget the increase in summer. These guys will get 300 units out in the next 12 months. And, that is if they are extremely lucky, given their past performance. Based on their COGS of $30K, there is about 500 machines just sitting around, or 18 months worth of inventory if you want to think about it that way. That has to be some of the worst cash management I've ever seen, without a doubt.
Our most recent press release stated that we will deliver up to 150 kiosks through June 2019 and up to another 800 through December 2019, thus bringing our total up to another 950 kiosks. This would use up our inventory during the summer of 2019. There is a thing called “materials” and in order to get the best price sometimes the large quantities are required. Again, not sure this person has ever built anything or understands how to manage a supply chain.
A quick glance shows accounts payable and accrued liabilities increased about $2.5 million. Kind of makes you go "hmmm", doesn't it?
Our accounts payable and accrued liabilities have increased over the last six months as we have had an expected increase as a result of material purchases and delivering and installing kiosks. There have also been additional fees associated with managing the technical problems, which we believe are now fixed. This has been reported already.
One of the things that really jumped out at me is the provision for refunds. That more than doubled. Let's say they made $500K in payments in those six months. That means about $2.5 million of what are now former franchisees said "no thanks, we want our money back now." That is a very telling metric of what a certain group thinks that originally bought into the company.
That is correct, we have increased the amount of refunds, due primarily due to the manufacturing delays. However, it should be noted that the franchisees refunded were early purchasers at a lower cost. Some as low as $35,000 per kiosk. Those franchisees will be replaced by new, motivated franchisees that will be investing at $50,000 - $57,500 per kiosk depending on the package.
Lastly, related party transactions. Looks like they were able to payoff the $240K note payable to NY. That's a real positive right there.
I have contributed several hundred thousand dollars into the company and has continually supported the operations based on my belief of the Company’s future success. I am still a debt holder as part of a $500,000 loan to the Company. Furthermore, I am the largest shareholder in the Company and I have never sold a single share of stock.
Nick Yates
Chief Executive Officer
cid:image001.png@01D445CC.12F1D2F0
cid:image002.png@01D44503.634DF9A0 888.902.7558 Toll Free
cid:image003.png@01D44503.634DF9A0 858.210.4203 Direct
cid:image004.png@01D44503.634DF9A0 nick@gennextbrands.com
cid:image005.png@01D44503.634DF9A0 gennextbrands.com
cid:image006.png@01D44503.634DF9A0 2620 Financial Court, #100, San Diego, CA 92117
cid:image007.png@01D44503.634DF9A0
Well...I did it again. I sent doesitreallymatter's post to Nick Gates about the 10Q. He responded to each section. I will post immediately after this one. He also made it very clear he will NOT be responding to every post I send him. Perhaps some other people like RoBozo who have not contributed anything to this board, can contact him themselves and report back. He can be reached at nick@gennextbrands.com. His direct phone line is (858) 210-4203. I would assume talking to anyone else is just a waste of time...Here comes his response on the next post...
There is no bid here?
It looks like it is presently .0002 on the ask. Is that right? Was anyone able to buy .0001's today? 105 million is only 10k cash. I don't blame anyone for dumping. The rest of the day and tomorrow will be interesting.
Was most of the volume today buying? Because if it was, here is my theory. The entities that are buying this stock are trying to keep this under the radar. So while they are buying millions of shares, they are occasionally selling say 100 shares on the bid, so nobody will be interested in buying. In other words they are painting the bid to make the stock look weak, and discourage any other buying except for themselves. And no, I do not know why they are buying. This is just an observation...
My money is on a new company taking over the shell...
Is 6.92 million shares the volume today or is that from yesterday?
Perhaps RoBo could contact the company and find out this information for us. In addition, he could find out when the first of Phil Mickelson's 30 units will be installed in San Diego. Don't you think it is his turn to finally make a significant contribution to this board? I do...
VEND - answers to your questions.
Yahoo
/
Inbox
Nick Yates <Nick@gennextbrands.com>
To:
Feb 11 at 10:55 AM
(Sonata)
I was going to post these on the message board myself however decided against it.
Please allow me to answer your questions;
1. Has a unit been delivered to Walmart for their testing? Yes, this information has been shared with franchisees however not in any public filings. The unit is being tested and presented to Walmart executives. We have hopes to test with them however at this stage we have not entered in to any agreements.
2. How many total units were installed as of Dec 31 or Jan 31? Please refer to previous and pending filings.
3. If FLEX has begun production again at what monthly rate will they deliver robots? Please await pending public filings.
4. If VEND has prepaid FLEX for units, how many total units have been paid for and are yet to be delivered? Please refer to previous public filings. This information is readily available
Also, the Generation Next home page lists number of locations, franchisees, etc, which has not been updated for several months. If they are going to be reporting monthly I would like to see them update the home page monthly, including how many total units have been installed. The page will be updated this week however in our last press release the following was listed.
“The patented technology is currently installed in over 170 US locations with 20 kiosks now in Canada and Australia”.
Revenue claims and recognition for exclusive contracts. Please explain.
When an exclusive contract is sold, we acknowledge the following;
The initial investment made to secure the territory. For example; if the franchisee purchased 20 units upfront for $1m this would be instantly categorized as deferred revenues. The deposit made on the $1m (for this example $450,000) would be deemed cashflow for the company.
When we value a contract, it is based on the number of kiosks the franchisee is to buy through the duration of the contract. In most cases between 5-10 years. If the franchisee is to buy 100 kiosks total at a price of $50,000 each to maintain the territory exclusively then the contract value would be $5,000,000.
Note: there is no way to inflate these numbers. They are factual. The post from “Canada” is simply an attempt to disparage the company.
(Sonata), I took some time to read all your posts on the message board. I assume you are short on the stock as there is no way after all the claims you make you would be long. If you are long, your motives are way out of line. I generally don’t respond to these types of comments however you make claims of stock fraud, scams, manipulation and deception. If you are by some small chance long on this stock wouldn’t it serve you better to support us, versus bashing us? For the record: We are subject to quarterly audits, SEC compliance and have internal governance to ensure we stick to the rules. At what point with all of this oversight do you think we could manipulate, scam or deceive our shareholders? Every day, we (being my team) work as hard as we can to facilitate value for shareholders. We are perfecting our technology, once we do the market will react. We are working on securing the best locations for our kiosks via Compass, individually, and through national deals with the right chains. We issue PR consistently and this year we are focusing on substance. As I said in my January summary, I will repeat the process throughout 2019. Our goal is to under promise and over deliver in 2019. If we stick to our plan, then I believe shareholders will be rewarded. If you are looking for week-to-week action. This stock is not for you.
Finally, sale from our product increases day to day. This only happens because the technology is improving. This was, and has to be our focus #1. Building a lot of kiosks after that point is focus #2. The introduction of Stoelting to work alongside our current partner is evidence of this. We have a team that is dedicated to this concept, not just my team, our dedicated franchisees and their families. If all of that isn’t enough for you and you don’t believe in the future of VEND, I would suggest perhaps considering you sell your stock. There are plenty of other opportunities out there for you I’m sure. We don’t want you spending another day getting upset, posting frustrations and feeling like we are misleading you in any way.
I appreciate the support nonetheless and wish you well in your investing.
Nick Yates
Chief Executive Officer
Nick Yates
Chief Executive Office
cid:image003.png@01D44503.634DF9A0 858.210.4203 Direct
cid:image004.png@01D44503.634DF9A0 nick@gennextbrands.com
cid:image005.png@01D44503.634DF9A0 gennextbrands.com
cid:image006.png@01D44503.634DF9A0 2620 Financial Court, #100, San Diego, CA 92117
I got a response from Nick Gates today. I did not even send Alvie's questions and TeamCanada's posts directly to him. But it got to him and he took the time to respond to me. So, we must give credit when credit is due. Thanks Nick. At my expense (he gently rips me a new one) I will do my best to post it. Nevertheless, it was MY work that got us some feedback regardless of what you think of my posts. The squeaky wheel gets the grease...
Here we go again...Big blocks of shares going off on the ask and the stock does not budge. Will this ever end? Where's RoBozo? I need some saving...
Thanks for the feed back. We need MUCH more of that. It would be great if you could occasionally share your weekly feedback from the company. Everyone here would appreciate that. I hope they continue their monthly updates for the shareholders. We shall see...
When all the SUCKERS will be buying Monday on the news, Ken will be SELLING??? Some people just NEVER learn!!!
Agreed...15 cups a day at 5.00 a cup is $75.00 a day. That is $2,250 a month or $27,000 a year. Which is at least 2 years just to get your money back. I not sure WHO to believe on this board any more!!!
Not having any machines yet is a "PRETTY BIG" problem...Don't you think?
You are ALL in the wrong stock!!!The company MDCN merged with NWPN was up 266% today...TOO FUNNY!!!!!
Just go to 420 Coupon codes and check out the site. It is a terrific site, but I can't find ANYTHING that connects it to GRLF. I WISH IT WAS!!! Plus the site has been in effect since 2016...
Just google "420 coupon codes" and it will take you to the site. I encourage everyone to visit it. It is a fabulous site that has been up since 2016. But I see NO indication that is related to GRLF in any way. Maybe Chipaway can figure it out for us...
Chipaway was just playing with us. That is not true. It was also his first post on our board and hopefully his last...
I will send them them TeamCanada's second post later today. Do you have anything else for us TeamCanada? Where is RoBozo? We need some saving...
Even if they don't reply, I think it will be beneficial for them just to read it. I have to believe that being investigated is definitely on their minds. They KNOW what they have BEEN doing. And now they know that the shareholders know...
Do you have a link for this? I doubt it...
I just sent Alvie's questions AND TeamCanada's first post to BOTH Andrew Beach and Art Budman. I will let you know if I get a response. Is anyone else going to step up to the plate? RoBozo? I find TeamCanada's perspective unfortunately to be more accurate and trustworthy than the company's at this point...IMHO...