Generation Next Franchise Brands Inc. (fka VEND)

[MJtwopointoh]

Good points. You're seeing that whatever VEND does, and however Yates and the board spin it, it is incredibly dilutive and a sign of desperation. As far as the VWAP is concerned, a much easier way to deal with the uncertainty of future valuation is to demand warrants (as an investor). I guarantee warrants will be part of any offering (particularly for any investors the new IB will bring forth).

The turnaround firm that VEND just hired will have a network of experienced distress investors who can stomach risks like VEND, but for a PRICE. NY is seeing his control stake get eaten away due to his incompetence. If he keeps going the way he is, he won't even be the VP of Sales or have any role in any of the day-to-day. The board is now in control and they have a fiduciary responsibility. No more lifestyle company for Yates. But it may be too late.