This thing was doomed from the start. No legitimate plan. Definitely no execution. And absolutely no idea of how to operate, manage a process or be a public company. Other than that, what could go wrong? lol. NY got blinded by the money and didn't understand the numbers. But, he's a sales guy, what do you expect?
There will always be investors that don't want to listen to reason and sound analysis. They just want to put a bet down and see if it works out. That's cool because that is part of the fun for them. But, that group is long gone now and probably don't even remember VEND existed.
From what I heard, the franchisees as a group were not that close. Some wanted contact with other franchisees. A lot didn't want to be bothered. Got to wonder if the franchisees that didn't get machines are actually better off. Now they can put the whole experience behind them and be better prepared for the next snake oil salesman that comes their way.
