Grillit, Inc. (GRLT)

[MABBro]

Is that correct? The buyer is Keith? And the Seller is Bill Michael catfish cove and healthy & tasty brand?

I am questioning the seller including Healthy & Tasty Brands....

I ask becasue what COULD happen here is something like this.

#1 - healthy & tasty brands had to buy part of the company from probably Bill Michaels (Probably for 100,000 plus Stock worth 100,000 - 200,000).

Then almost immediately, Keith "takes over" the chain buying it for nothing or almost nothing.

Keith gets a business debt free making even 10K Profit.
Bill Michaels gets Cash NOW (Say 100,000) thanks to the 700K line of credit and a future payday of who knows how much from the stock he might have received as well.

Healthy and Tasty Brands gets Shareholders footing the Keith's purchase of the business.
#1 - a 100,000 debt thanks to TCA's line of credit
#2 - Future liquidation on that 100K in debt
#3 - Not one $ from Catfish Cove


I hope that post is done incorrectly and it is actually Healthy & Tasty Brands that Purchased Catfish Cove.