Replies to post #2817 on Generation Next Franchise Brands Inc. (fka VEND)

[doesitreallymatter]

Down to about 2 million available shares. Assuming that number is correct. Pure awesome. If the increase is approved, that means the company will be able to raise some funds. But what it really means is that NY will be able to issue himself more options.

The audit fees were almost $100K. That just shows how much risk this audit has. The fees should be about half that.

[Sonata]

Why isn't the shareholder meeting a "news" release? They can issue a "news" release on the Print Mates pilot at Bed, Bath, and Beyond, but not the shareholder's meeting? I think we all know the answer to that...IMHO...

[Officiousintermeddle]

I wonder whether they will file the 10-K before the meeting. It could address questions like:

- The status of the Stoelting arrangement. It's July 15, and there's been nary a peep about the manufacturing that was supposed to commence this month.

- The status of the Flavor Burst mechanism. What's the problem, and why do you keep talking about 6 or 7 flavors, Nick?

- Projected installs for the balance of 2019. It seems noteworthy that, contrary to previous reports, no further guidance was provided for the balance of 2019. Could that be because the Stoelting manufacturing line hasn't started and the ability to ship the 600-800 kiosks that Nick had predicted is doubtful? The only projection - a potential "$40 million over the next fiscal year" - sounds ominous. Even at only $50,000 per kiosk, that's only 800 machines over 12 months instead of 600-800 over 6 months. And Nick conditions the achievement of that performance on the solution of the "short-term" cash flow problems. Sounds to me like a set-up for another disappointment.

- Most importantly, the status of their "short-term" cash flow issues that were going to be the focus of their attention this month.

So, if these questions aren't fully addressed in a 10-K that's filed before the meeting, will there be a Q&A session for attending shareholders to get their answers?