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I hope he does, I'll buy low and sell high and make a killing now that I know his MO.
Better question is why has VEND been living rent free in your head for the last 10 months (yes, I checked your posts)? Seriously, were you a spurned investor? Former employee? I've written you off as a short, as that was my first guess. But I can't get my head around why you obsess over VEND, a penny stock none the less. You obviously check this board multiple times a day and spend lord knows how many hours dissecting the PR statements. Sure is strange for someone who doesn't own the stock...
For the poster asking about the email that came out, my buddy who introduced me to this stock, who was almost and I guess still is considered a franchisee (although he never got a location), said it was just a follow up email from the RIFO group, whatever that is. He seems to think the are taking steps in the right direction, FWIW.
The "phantom attendee" posted that on Facebook and actually has a name, unlike us anonymous posters on this board. Alvie simply relayed the post, doubtful he's messaging the guy.
I am a shareholder and, no I don't think being a shareholder is a prerequisite for posting. I simply find it strange that anyone would spend this much time on a message board for a stock that trades on the OTC, who doesn't own the stock, only posting negative views against the company. Personally, while I find some things he posts interesting and insightful, most of it I take with a grain of salt because I know there is an underlying agenda, he's not here just for enjoyment.
If you care for my views of the company... I'm going to ride it out. There's certainly things I'm not happy with, such as the potential doubling of outstanding shares, print mates, Nick's 600k salary, and the general transparency of sales/locations. But I still think there's potential, regardless what the doom and gloomers on here say. As I said a while ago, the long term outlook will all depend on number of placements and quality locations. I think the long term success will depend on the royalties from the machines that will drive the stock price, not the machine sales (as that likely just gets eaten up in operating costs). As long as machine placements continue to increase on a quarterly basis and not stall, then I am holding long term. If placements start to stall, I'll look at getting out, regardless if I have lost money or not.
This company could announce they're closing up shop in the stockholder's meeting tomorrow and it wouldn't surprise me. But that's the chance you take when investing in penny stocks. You win some you lose some.
Why don’t you just answer why you’re even here? Multiple posts per day for someone who doesn’t own the stock. Got nothing better to do? Short? Former franchisee with an ax to grind?
I used to think you were a short, but now I’m guessing someone with an ax to grind against VEND. You seem to be a smart guy, and not that you want my advice but find something else to obsess on.
That's crazy that the franchisee(s) have opened multiple Houston locations, since (as some on this board have proclaimed) the majority of the locations aren't worth the investment. You would think they would be smart enough after seeing their first few locations fail they would bow out.
...Or maybe those average locations, the > top 25% as has been mentioned on here before, while probably not making anyone rich, is still worth the investment.
Don't quote me on this, but I heard there were some issues with the Heath Department in California that VEND is working out that has prevented any installs in CA. I'm sure it will be resolved at some point.
I'm still long on this stock, but my patience is slowly waning.
Not to impressed with this acquisition. Wish they would concentrate on their craft first before picking up other ventures.
Agreed that if the average is 7.2 a day then they should go ahead and close up shop right now, but I think there is something off with that number. I have no data to back that up, besides reports from a few franchisees, but just using common sense it doesn't pass the sniff test.
I think we can all agree that there are going to be locations that perform well and some that are duds, like most franchises (besides Chick-fil-a). So to get that 7.2 number one you can look at two scenarios.
1. The good locations are about even with the bad locations. So averaging 1 good location and one bad location they combine to only sell 15 vends a day. That doesn't seem very likely to me.
2. There are a lot more bad locations hardly selling anything (~3 to 4 a day) that are bring the average of the good locations down. Considering folks have likely done research and used a little sense before purchasing and placing a machine in those locations, this also seem very unlikely to me.
As stated in number two I'd like to assume that franchisees did their homework. I think the most likely scenario is that there are a bunch of average performing installs (20 to 25 a day), with a few great locations and a few duds. I just don't see anyway that 7.2 is the average sales and something is off with that ticker.
Also, keep in mind that if they hit that ~10 million number in royalties, that is just the beginning. It should go up quite a bit yearly until it finally plateaus with installs.
Just my opinion, but I think you guys are getting too wrapped up in the profit of the installs. The long term viability of the company will likely be determined by the number of installs and getting royalty income. I would imagine any profit from the initial installs will easily be eaten up by initial operating costs, R&D, etc. We should be more concerned and critical of the number of installs (which look good) and vends per unit. I can’t image the 7-8 units per day are accurate but would be nice for VEND to give some accurate/updated numbers.
Out of curiosity, how is there more buying than selling? Wouldn't one have to sell if one wants to buy? Just curious as to what you are seeing?
Keep the positive posts coming...
Couple of questions though, where did this survey come from and how did you come across it?
And what do you mean by "That response was out of line with our expectations"? Thought you were a loner?
I take it you googled my handle, lol. I'll buy you a twelve pack when the stock hits $2 again.
I was offered a placement in the 19 degrees rollout but didn't really consider it, so don't have anything to add. May purchase in the future once/if I see how the returns are though.
Apparently they have been successful in acquiring locations, which is a big positive for that arm of the company. I believe they are using 19 degrees in areas they do not currently have franchisees.
Welcome aboard the VEND train! Even if you've only got one toe on.
I too would love to hear different opinions, both negative and positive. That's why I started following this board roughly a year ago. Unfortunately, this poster only wants to pry info from a franchisee for ammunition to place a spin on his replies to paint VEND in a negative light, hoping to costs the rest of us money (besides his other short buddies on here).
Again, I'm all for discussion good or bad about the company, and there's been plenty of both over the year or so that I have been following this board. Recently, a few shorts (or maybe disgruntled franchisees) have come out of the woodwork. If I was Alvie I would restrict their postings. Posting and spinning "facts", all based on assumptions they know little about, to intentionally drive the price down for the rest of us. They obviously are not performing an objective analysis the stock as they have not offered one positive thought, claim not to own shares, and only discuss VEND on IH. AM I to believe there is not one thing positive about the company they could muster?
Is that the kind of discussion you want? As much as you have complained about the price falling, and I'm right there with you, you should want these shorts off the board.
Why in the world would he answer you? So you can spin his replies for your short.
While your first sentence is mostly true, I don't completely agree with it. This is the only message board that I know of that discusses this stock. On a low trading day on a stock like this, "average joes" can definitely affect the price of this stock, especially when you have shorts trying to manipulate it. That itself could start to create a panic for other "non-professional" investors who I would assume holds most of the stock the company offered over the last year or so.
Regarding your position, I don't really understand your logic. Based on your sentence you are currently down. So if you think the company will become profitable, and the shares start to climb, why sell right when it breaks you even? Odds are it keeps climbing. If you think the company is a bust, why not sell now?
It's blatantly obvious that you are a short. You admittedly stated in your first post "Disclaimer: I am not an investor and only watch the stock for entertainment purposes". Are we to believe there is nothing else better to do in your life besides follow a stock that is traded on the OTC for under a dollar? You are not coming on here and offering positives/negatives for your "entertainment". Everything you post is negative to suit your short agenda. You are trying to analyze a balance sheet for a company which you should know very little about. Are we to believe that you are so dialed into this company just for "entertainment"?
And let's look at your posting history. You have only posted about VEND, and no other companies since 1/29. You follow stocks for amusement, yet this is the only one you have decide to grace this site with your analysis?
Unlike you and a few others, including @Officiousintermeddle who conveniently also does not own shares and just signed up only to post here, are simply trying to scare people to drive the price down. @Officiousintermeddle states that he isn't an investor of VEND but his friend is and he occasionally likes to comment on stocks, yet he has one post negatively breaking down the 10-Q (which both of your analysis have holes, but I'm not going to go back and forth debating with short seller). I just hope people can see through our agenda of trying to short the stock. Any chance you had a hand in writing that Seeking Alpha article? My money is on yes.
Unlike you two shorts, I have been lurking here for a while and do own shares. Does this company have issues that it needs to correct, of course, that's why it's on the OTC and trading for less than a buck. Is the company going to close shop in the near future, absolutely not. As all stocks on the OTC, this is a risky investment, but one that has a ton of potential, a risk I am willing to take. The stock could take a nose dive tomorrow, I don't really care, I am going to wait this out a year and see how things are progressing (or regressing). This shouldn't be a stock people are trying to make a quick buck on (except you shorts), this is a long term play.
I probably have a better feel for the company than most on here do, and I haven't sold one single share. Although full disclosure, I wish I would have when it was over $2 to get my break even money back. The entire key to the success is placement of the units. If they succeed in finding spots the company will prosper, if they don't it will die a slow death. Right now, from what I am hearing, I like the way it is trending.
I will make one comment about losing franchisees. That's going to happen when you oversell without a landing spot for the machines. One thing I wish they would have done differently. I would not be concerned though, until you hear about not having enough franchisees to fill the available locations.