Generation Next Franchise Brands Inc. (fka VEND)

[Officiousintermeddle]

Things have been pretty quiet in the bankruptcy case, but there was one interesting recent development. It seems that the bankruptcy trustee is serving a subpoena on Bank of America for account records, with a particular focus on a few checks.

One question that raises is why the trustee needs to obtain those records from the bank. You would expect that the company's records would be complete and available. Did something happen?

The bigger question is why there's such a focus on specific checks. Could there be some irregularities? And could it be that those irregularities are related to the fact that the company's records seem to be so incomplete that you need to go to the bank for them?

There's no time frame provided, and it will probably take a while, but sounds as though the trustee is gearing up to sue one or more folks for some questionable dealings.