Generation Next Franchise Brands Inc. (fka VEND)

[Officiousintermeddle]

I suppose there may have been a private placement in 2019?

You can see from the financials for 12-31-18 that the private placement(s) in that quarter were in the $1.50/share range.

Like doesitreallymatter, I had been thinking that the current offering must be in the vicinity of 30 cents a share.

I may follow up with more thoughts on this, but in general, it's bad (for a number of reasons) for a public company to engage in dilutive private placements of its equity securities. In VEND's case, the situation is interesting, given the length of time and number of times that private offerings have been made. A lawyer or SEC enforcement person might be tempted to characterize their conduct as a continuous offering that does not qualify for a private placement exemption, but I haven't looked at it hard enough to say. Aside from that, it just plays hell with the stock price and the potential returns that are available to retail public investors.

The 19 Degrees offering seems to have failed to raise sufficient capital, so I suppose VEND has no choice other than to continue to pursue private placements at lower and lower prices.

Those who invested in earlier rounds or who are considering investing in current offerings have every incentive, of course, to pump the price.