Fresh Healthy Vending failed to disclose that Mark Trotter and Nicholas Yates actively hold franchise management positions with the company.
Fresh Healthy Vending failed to disclose that Mark Trotter and Nicholas Yates and their partners were previously fined $10 million and $3.5 million respectively in unrelated fraud cases.
Washington State has issued a Consent Order (see below) requiring Fresh Healthy Vending to come clean in regards to its ties to Trotter and Yates.
Mark Trotter owns all preferred shares of FHV (Fresh Healthy Vending
According to the WA Consent Order, “Mark Trotter (“Trotter”), a California resident, is the president, secretary, and sole shareholder of FHVHC, which holds all preferred shares of FHV. FHV consults Trotter before selling FHV vending machine franchises.”
The Consent order states that since Trotter manages franchise sales, Fresh Healthy Vending must disclose his relevant litigation history:
Trotter’s relevant litigation history includes his being the subject of an action involving the alleged violation of the Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003, and the Texas Electronic Mail Solicitation Act, and the Deceptive Trade Practices-Consumer Protection Act in connection with sending unsolicited e-mail messages containing false, misleading, or deceptive information. On June 6, 2006, the US District Court for the Western District of Texas entered a Final Judgment and Order for Permanent Injunction and Monetary Relief against Mark Trotter.
Nick Yates has sales and operations oversight at FHV (Fresh Healthy Vending)
According to the Consent Order, both Trotter and Yates have management responsibility over franchise operations and sales. Nick Yates should have be fully disclosed in the Fresh Healthy Vending FDD, along with his relevant litigation history:
Yates’ relevant litigation history includes a February 2006 judgment involving a monetary penalty that was entered against him by the Federal Court.
It's financials and cash flow. This company has none and THAT is what's necessary for the long run. I literally have more in my margin account then this company has in their books.
You were duped by a pump and dump and if yo knew basic dd, you would be able to see the scam warning that was put out on Feb 5th.
Sentiment: Strong Sell