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Alvie

07/27/19 3:11 PM

#2934 RE: Sonata #2933

Let me first clarify something that has been inferred in the past - I am not an insider in VEND, or any other company for which I have posted, nor have I ever been. The 1500 posts you refer to are on over a dozen or more message boards during the 18 years I have been a member of IH.

Regarding VEND, I have emailed, texted and Private Messaged with franchisees and private investors. I have talked and texted with Sean Paul, VENDs IR person, and on a few occasions with Nick Yates. To my knowledge they have not shared inside information with me nor have I asked for inside information. In general they confirmed what I may have learned in my own due diligence from other public sources. Like Officiousintermeddle, whose digging found information on specific machines and where they were placed, information that is public but certainly not in a form I could find, I have come across public information that might be 'hidden' from others. It is possible to find information about a company and its operations that is public but not announced in an official PR. Posters on public message boards are under no obligation to disclose all they know about a stock and you are naïve if you believe they do.

As far as having 'hope', that is probably true to some extent but it is reinforced by what I also know. I tend to be an optimist and occasionally that has burned me, but in VEND's case I don't agree with some posters who say that franchisees are fleeing in droves or soon will be because of the California requirements. I believe FLEX has been delivering machines on schedule, and will continue to do so until they have fulfilled the contract for machines on which they received a full upfront payment, and at the same time Stoelting is, or soon will be, delivering machines also. I believe they will overcome their current cash flow problem and be cash positive during the current fiscal year. How the stock price will respond is unknown but I also believe it will be substantially higher at this time next year for investors who have patience.

All JMHO.