Generation Next Franchise Brands Inc. (fka VEND)

[Officiousintermeddle]

Not a good sign, but not a surprise. That won't help their efforts to raise capital, and it will delay their filing of the franchise renewals.

So, at least we know how the quarter's bottom line turned out - a $3.4 million loss on $8.2 million in revenues.

Giving them a very big benefit of the assumptions, the 1st quarter FYE 2020 loss looks like it will be another $2.5 million, and with the way things are going, the 2nd quarter outlook is similar.

Since efforts to raise capital don't seem to have succeeded and relatively few new franchises are being sold, the source of funds must have become the liquidation of inventory. Maybe that's why the Flex arrangement ended - VEND could no longer afford to prepay since it needed the cash to fund operating losses.

Maybe they have enough inventory to squeak by until early 2020? But only if they want to augur this thing into the ground.