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Planopenny Free

05/22/11 8:29 PM

Post #14

Re: #12: @LOL - In 2007 they had a private placement for

Losses this Q weren't too bad...Wonder if they are going to make a profit for Q2. They are getting close to profitable. Debt need to be erased though

Planopenny Free

04/24/11 4:59 PM

Post #13

Re: #11: @LOL - I wouldn't say they don't care about shareholders,

point taken

LOL

04/24/11 2:55 PM

Post #12

Re: #10: @Planopenny - wondering why they wont uplist. I talked to

In 2007 they had a private placement for $14.1MM, in 2009 they issued Conv Debs for $14.8MM, they are losing money way too quick, they need to get some new management in there.IMO

LOL

04/24/11 2:33 PM

Post #11

Re: #10: @Planopenny - wondering why they wont uplist. I talked to

I wouldn't say they don't care about shareholders, they are trying to stay alive, which IS caring about shareholders, because if they file bankruptcy the stock will be worthless. It cost a lot to stay current with the SEC, and they would probably rather be back on NASDAQ than spend the money just to be on the OTC.

As a result, the Company will be able to cease registration of its common stock under the Securities Exchange Act of 1934 and withdraw its shares from listing on the Nasdaq Capital Market. The Company anticipates savings of approximately $766,000 (1% of annual consolidated sales) on an annual basis as a result of the Transaction.

Planopenny Free

04/24/11 1:30 PM

Post #10

Re: #9: @LOL - You are right, it's 30c. I still

wondering why they wont uplist. I talked to them and they said it was strictly because of $$ reasons. Dont think they really care about shareholders right now. Maybe in a few years this might turn around

LOL

03/27/11 4:30 PM

Post #9

Re: #8: @Planopenny - I thought it was .30 a common share?

You are right, it's 30c. I still don't like the financials, far from good. In 2009 they needed to sell those convertibles for $15MM, and a good chunk of that money is already gone, they are leaking money slowly but surely, I'd say in another 2 years they will need to sell more. They delisted from NASDAQ for a reason, hell, they're not even OTC, they're pink. And they couldn't get a bank loan, they had to sell convertible debs. Fully diluted the O/S will be 78MM. I would act as if the O/S is 78MM now and make any investment decisions based on that number. I'd buy their steak but not their stock :)

IMO

Planopenny Free

03/27/11 2:40 PM

Post #8

Re: #4: @LOL - I love the food! I'd like to

I thought it was .30 a common share? Am I wrong?

The guy who owns most of this company via investments looks to me to be pretty intellegent. (Charles N. Mathewson) His son is on the board of directors also. I like this company.

Planopenny Free

03/27/11 2:30 PM

Post #7

Re: #4: @LOL - I love the food! I'd like to

annual report out friday. what do you think?

Planopenny Free

02/22/11 11:38 PM

Post #6

This thing moves fast

weekend farmer Free

02/01/11 8:24 PM

Post #5

Re: #1: @Planopenny - Doing some DD here. Anyone feel free to

GLLC- HI planopenny here's a link to thire website, the food looks good. Putting GLLC on my watch list
peace
http://grillconcepts.com/index.php

LOL

02/01/11 1:59 AM

Post #4

Re: #3: @Planopenny - Agreed, Not sure why they are opening a

I love the food! I'd like to see them convert the conv debs at 20c, get that off the balance sheet, then I think we would be good to go for a little while. They are not too far off from breaking even or making a profit. This is the kind of company I love to go in big with, but not with those conv debs hanging overhead.IMO

Planopenny Free

02/01/11 12:47 AM

Post #3

Re: #2: @LOL - They are bleeding really bad, someone is going

Agreed, Not sure why they are opening a new store though. I am going to go eat at the Dallas one and see if I can talk to the manager. This seems similar to STRZ, struggling chain trying to make it out. Might be worth a gamble of a few hundred $$

LOL

01/31/11 9:43 PM

Post #2

Re: #1: @Planopenny - Doing some DD here. Anyone feel free to

They are bleeding really bad, someone is going to have to come in and save them or they will need big time dilution or bankruptcy.IMO

$14.8MM in convertible debs and losing money every quarter

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=38938

Planopenny Free

01/31/11 7:45 PM

Post #1

Doing some DD here. Anyone feel free to jump in and help.

Grill Concepts (GLLC)

Followers	2	Posters	3
Posts (Today)	0	Posts (Total)	14
Created	01/31/11	Type	Free
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The two best known members of the Grill Concepts family are The Grill on the Alley, with locations in Aventura, Beverly Hills, Chicago, Dallas, Hollywood, San Jose and Westlake Village; and Daily Grill, with locations in Northern and Southern California, Portland, Seattle, Tulsa, Austin and Houston, TX and the Washington DC area

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