CNBC: "A money-losing food truck business with ties to retired Gen. Wesley Clark recently filed with the U.S. Securities and Exchange Commission to register shares worth $33.8 million."
"Last year, Clark received total compensation, including cash and warrants, valued at $472,000 from the company. Of this, Clark received $213,333 from The Grilled Cheese Company in consulting compensation, including $100,000 in cash.
The filing comes as The Grilled Cheese Truck has racked up $6.8 million in net losses in its last two fiscal years while only generating $3.3 million in revenue. Its accountants have questioned its ability to continue as a "going concern."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.