Replies to post #3688 on Generation Next Franchise Brands Inc. (fka VEND)

[Alvie]

Thanks. Thought it was something more recent.

[Officiousintermeddle]

Ancient history, as VEND goes, and no longer valid. You should know better than to post this.

The most recent guidance, which is now a month old and also probably no longer valid, is as follows:

"... the Company decreased its fiscal year 2020 revenue projection to a range of $12 to $17 million on 260 to 380 global kiosk deliveries."

The reason this more recent guidance is probably no longer valid is that the company is approaching 120 days since it announced its 90-day restructuring project. No production, no sales, no financing.

The updated revenue guidance for fiscal year 2020 should be zero.

And the next news you hear from VEND should be an insolvency proceeding of some sort.