Generation Next Franchise Brands Inc. (fka VEND)

[Officiousintermeddle]

"We are glad we hit our projections" sez Nick.

Well, sorry to be picky, mate, but your projections were recently adjusted downwards so that you could hit them.

Remember back in April/May when you said this?

"The Company expects to ship 124 to 164 robots together in May and June, completing the Company's final quarter of the fiscal year (ending June 30). With quarterly sales of $ 8.2 to $ 9.8 million and total annual sales of $ 16.0 to $ 17.6 million, the company said."

It seems that you didn't hit those particular projections, now didja?

The May/June shipments appear to be around 126 kiosks, so you did manage to squeak into the low end of that range of predictions. It's the sales figure that you needed to fudge on. You were repeatedly touting $8.2 million to $9.8 million for the quarter. Now you claim to be hitting your projections with only $8.0 million.

Hey, you're only off by $200,000, but it's $200,000 below the low end of the range that you yourself set.

It is difficult to gain credibility with the investing community when your predictions and projections are so consistently way off, but it is even harder when you don't own up to your own targets relative to your performance.