ggilas and Sonata, you are not the only ones holding for the long term and who are down on the stock. I have a core position which I don't trade and then some that I attempt to trade to lower my overall average stock price investment. Problem is I haven't been very successful with the trading - the stock seems to go up each time I sell and back down each time I buy back in.... If I had perfect foresight I could have done much better (both with the trading shares as well as the core shares). But lacking that I'm just sitting tight and riding out the downturns and waiting on news. As lightly traded as this stock is, any significant news could send the price higher quickly.
Per the current OTC page for VEND, the shares short as of 10/15/2018 were 320,680 (down from 600,000+ shares short during the summer). With the stock below $1/share, if there was a good PR there could be some significant short covering as well as shareholder buying which would drive the price up quickly.
Also, with 71MM shares issued and 25% held by Yates and Budman, and no material institutional presence, that leaves 53MM shares free to trade. With average trading volume over the past 90 days being only 122k shares/day that is less than 0.25% of the available shares, which leads me to believe all the major shareholders are holding tight and the only trading is with a few fringe shares, enabling the MM's to take the price down as we have seen over the past few weeks.
JMHO but I am in for the longer term and don't want to be out in the event that a material PR comes along. We should get a PR shortly about the 1st quarter results, although I don't expect any big surprises there as they have already said how many machines were sold during the quarter with revenue being on the order of $2MM. However, if they were to announce a significant uptick in the rate of installations, e.g. if they actually achieve their near term goal of 150+ installs per month, that would be significant imo.
