The student reporter has done a significant amount of work detailing the background of Generation Next and its predecessor Fresh Healthy Vending. It is all public information and most of it came from a single source. By not being more thorough, the student reporter has made a number of misleading statements. For instance: "Today, Fresh Healthy Vending is banned from selling franchises in the states of Washington and California".
Not true. There was a Stop Order from 2014 to 2016 while FHV developed and implemented a compliance program and engaged an independent monitor to review and report the compliance activities. The Stop Order ended with the submission of the independent monitor report in 2016. Similarly, for the state of Washington. I have been an investor since January of 2014 and 'witnessed' the Stop Orders and their recission as FHV complied.
Any investor who did DD should have been aware of all of the background on FHV and Nick Yates. Whether most of the missteps were intentional or due to lack of knowledge/experience is debatable. IMO, the current VEND/R&I operations are above board, even allowing for the early overly optimistic forecasts of the number of machines that could be installed with time. Current operations and forecasts are much more realistic IMO.
And the FroYos at Haverford and West Chester University appear to be operating successfully and being enjoyed by the students.
