Generation Next Franchise Brands Inc. (fka VEND)

[Officiousintermeddle]

I suppose you aren't going to get a detailed response, but the silence probably tells you everything you want to know.

Chessler still hasn't moved for relief from the automatic stay (or taken any other action) in the bankruptcy case. The only way that makes any sense to me is that he has decided it's better to let the bankruptcy trustee collect the royalties for as long as he can and liquidate whatever else that can be liquidated for value (preference actions?), then Chessler can show up with his hand out to recover on his secured claim. That may be a smart move on his part so that he doesn't have to deal with the mess that he would inherit if he forecloses, but it suggests that he's not interested in resurrecting the business for the longer term. Can't blame him for wanting to keep his distance from this mess and avoid incurring additional professional fees, but it runs the risk that there won't be enough to pay him off.

I think Chessler regrets ever having gotten involved with VEND, but that goes for a lot of folks.