Replies to post #2716 on Generation Next Franchise Brands Inc. (fka VEND)

[Sonata]

I totally agree. Where is the buying volume going to come from? As soon as anyone sees that the outstanding shares will be doubled next month, they will run for the hills. And if someone wanted to "actually" see a machine in action, they have no way to know where they have been installed. Until Yates decides he will be more transparent, the price will continue to fall. What is he hiding??? Instead of sending FrankyKnowsitall on the board to do his dirty work, he can come on himself and answer some basic questions like...
1) What happened to the Phil Mickelson deal that was supposed to bring 30 units to San Diego? Many investors like myself bought on that news alone. That was almost a year ago.
2) What is the latest news with the Walmart locations?
3) Why aren't all the current locations listed on the company website, so a potential investor can go see the product in action for themselves?
4) Are you going to be awarding yourself personal shares for services rendered, when you double the outstanding shares?
5) Why isn't there a set date for the shareholder meeting? And how much notice will you give the shareholders?
6) Many more questions to come from myself and other posters, but answering these would be a good start...

[doesitreallymatter]

To me, price per share has to do with supply and demand, not volume. As we've talked about before, there are tens of millions of unrestricted shares just waiting to hit the market from the prior PPMs. And, the number of unrestricted shares will only continue to grow, especially with the increase in authorized shares. The further the disparity between supply and demand, volume decreases. Obviously, when supply outweighs demand like it does right now, the price is going to go down. And, visa versa.

Alvie stated that increasing the authorized shares is a necessary evil for growing companies. I would agree with that in certain circumstances, like having no operations. However, in VEND's case I respectfully totally disagree. The company has grossly mismanaged their cash flow. NY received cash compensation last year of over $800K, and his base salary is $200K. Does anyone really believe he earned an extra $600K? Then there's the whole inventory purchasing debacle. It's great how NY tells Sonata that it was necessary and that I don't have a clue about business. Fast forward about 4-5 months and the new CFO/COO comes out and says they screwed up and are going to something close to a just in time inventory system.