Equity Field Notes from temporal sources

[DanWebzster]

VEND is an OTCQB company that sells frozen yogurt robots with a side of passive income franchise dream.

Each robot sells for $45K; and, VEND will eventually receive 12% royalty on froyo sales.

VEND stock was hyped early in 2018 when it announced that the froyo robots could accept payments in bitcoin.

Despite the hype, the company has entered significant franchise agreements. Dade, Los Angeles and Orange counties are now under contract along with the territory of Australia. If everything goes smoothly, the net income from the associated robot net income could approach $20mn for 2018 with reported revenue beginning in the June Q.

After that, the franchisee experience will begin and this era of passive income fantasy will yield whatever reality may come.