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.
