You know what I thought was crazy when it first came out on the market - bottled water. Who in their right mind would buy what you can get for free?
What people don't understand or come to realize is the retail market is constantly evolving. Demographics play a big part in retail.
Maybe you wouldn't pay $5 for a frozen yogurt treat, but there are people who will. Not having to stand in line, not having to deal with employees who have attitudes, not being ignored by employees, not having your order made incorrectly, etc.
In and out and on the run.
There is another robot in development that will certainly enhance the company's revenue.
Placement is crucial and I can't fathom these entrepreneurs not doing the research to ensure profitability. Let's also not forget the agreements with Danone, Felx and Pitney Bowles, all multi billion dollar companies who have done the due diligence on VEND.
Deployment is happening right now. It slowed because of an issue with the toppings. The matter has been corrected and the deployment is geared to meet expectations.
Everyone is entitled to their opinion, however the data will determine a win or loss. The next 3 quarterly financials will provide the proof of the retail markets acceptance of a convenient tasty treat.
If folks are interested in dialog I have a Facebook group, Vend Investors. Not a lot of discussion at the moment. More of an outlet for press releases.
There is one franchisee that joined.
Anyway, looking forward to great things ahead. :)
