Generation Next Franchise Brands Inc. (fka VEND)

[MJtwopointoh]

9.5M shares won't reduce the dilution that much for all the shareholders at the end of the day (especially given the financing activity VEND will need to engage in)... That said, these are the first real comments I have heard from NY regarding real reality. Take note that NY mentioned potential lenders... Convertible lenders with a high yield accrual rate, to be sure. Perhaps some performance warrants on the back-end as well just for sufficient coverage...

By my rough calculations based on filings, NY will go from a 22.75% shareholder to a 9.8% shareholder in VEND if I understand the 8k correctly (a forfeiture, not rescinding, of 9,500,000 shares worth of vested/unvested options). Dilution will affect NY as well and it is good that he is separated from the strategic financing decisions of the company, which he would be conflicted on. NY needs VEND to do well and his hand has been forced. He benefits from a good outcome for all. Just not as richly as before this horrendous plane crash. That's a good thing.

IMHO
MJ 2.0