Replies to post #2599 on Generation Next Franchise Brands Inc. (fka VEND)

[Sonata]

You have no way of proving what a fantastic job Yates is doing. Nor can you prove it is not the company that has been the source of the six month sell off. If he was so confident about his recent accomplishments, he would reschedule the shareholder meeting. But instead he continues to keep us in the dark, except for an occasional fluff and puff news release, while the stock continues to fall. Additionally, he has done a horrible job of attracting new investors. Scoreboard .61...PATHETIC...

[doesitreallymatter]

Agreed. NY has worked his behind off. However, I believe the window of opportunity has passed the company by.

The first huge flaw was selling franchises for a product that wasn't ready. Maybe the success of the franchise sales surprised them. I don't know. Regardless, they've been selling this concept for at least three years now without any significant royalties and the gross profit from the sale of the machines is too low to really help very much. Given the burn rate, how does anyone expect them to keep the lights on for that long?

The other huge problem is securing enough locations. I have to disagree with you on NY focusing on the most profitable locations. I think he is focusing on ANY location. Because without a location, the sale of a machine is meaningless. At some point in the not so distant future, machines will be delivered to all of the secured locations. Then what? Interesting that they don't say how many total locations are secured and distract everyone with how many cups are sold or some other stat.

Either of these two things individually are enough, let alone all of the other problems, to take the company down. If it survives, it will be a miracle.