What happened to Vennela 1.5?

Our viewers might have remembered the much hyped Vennela 1.5 directed by comedian Vennela Kishore.The movie created lots of interest among common audience due to adult comedy and sleazy dialogues.However, our sources tells us that the movie output is not up to the mark. The makers have approached few big producers and distributors to find a bulk buyer for the movie. But all of them refused it after watching the final output.
The producer of the movie Vasu Varma lost his faith in Vennela Kishore and is refusing to shell out even a penny for re-shoots. The movie negative is lying alone in the lab while Vennela Kishore is still trying a buyer for the movie or a financier to finance the re-shoots.