Grillit Inc (GRLT)

[MABBro]

Venture Capitalists almost never invest more than 10% - 20% of the publicized amount.

If you read their release,

The Company received the initial tranche of $700,000 on Thursday, June 16, 2016 and upon consent of the lender may draw down additional amounts on the same terms. (And teh terms should be illegal, it's payday loans for small businesses)

What the "lender does out f that is start off by paying themselves probably 100K - 150K out of the 700K "tranche". So GRLT maybe got 550K - 600K out of the 700K. That 550K - 600K is due in daily or monthly payments back to the lender usually over 12-24 months. (Yes, at about a 10% interest rate). So let's just say it's 24 months. They owe about 32K per month out of the cash flow of the business or $1000/day. Anyone see about $1000 in shares being issued??? Since they don't even have 32K in revenue. They must issue more shares to the Lender in exchange for the 32K payment. (320 million shares at .0001 or about 10,000,000 per day). And since they aren't enough shares they create a Class E share that will convert to shares they can sell at some point in the very near future.

So they will never issue anything more than the 700K that they already issued and the people who make money are the companies who broker the deals and the financing at the shareholders Expense.