Consider what Nick is doing to the volume.
Average volume of shares traded in VEND today is around 56,000 shares.
Even back a year ago when things were more interesting, the average shares traded in a day looks like it was no more than 150,000 shares.
Nick is offering the equivalent of 4,000,000 shares in the most recent of many many private offerings. That's equivalent to 71 days worth of buying volume on the public markets, and it's still equal to well over a month's worth of buying volume back in the good old days.
Not only is that 4,000,000 share offering depleting the buying volume, but those buyers are going to want an exit one day, so there will be an equivalent amount of selling volume on the other side when they dump their shares on the public market.
Lacking adequate cash flow from operations, a situation that will clearly continue through the end of 2019 and probably well into 2020, means that Nick will continue to offer cheap shares in private offerings. The rate at which the offerings are made are frequent enough to ensure that the market never gets a breather from the pressure of the private offerings.
So, if you're waiting for buying volume to save the stock price, you're going to need a lot more patience.
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