Shame, shame, shame on you, VEND folks.
Based on a letter filed in the bankruptcy case, it seems that VEND may have been soliciting and accepting deposits from prospective franchisees as late as mid-October 2019.
This poor woman deposited $54,000 with VEND on October 11, only to be offered the option of converting to stock on October 25. They promised to get her money back, but never did.
She claims it was a Ponzi scheme. Hard to argue with that, at least by October 11, 2019.
Shame, shame, shame.