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Greg didn't say it would be happening today, tomorrow, or even next year.
It was obviously a forward looking statement.
As we attract partners to join us
we will bring in the necessary cash flow to allow GRILLiT Inc to pay down debt accumulated from previous management, buy-back shares from our positive cash flow, and increase value to each shareholder.
Jeez. . . .
I see where Greg mentioned buy-back of shares in December.
https://www.otcmarkets.com/stock/GRLT/news/Financials-Released-and-Current---GRILLiT-Inc?id=283940
12/18/2020 Paragraph 6
As we attract partners to join us, we will bring in the necessary cash flow to allow GRILLiT Inc to pay down debt accumulated from previous management, buy-back shares from our positive cash flow, and increase value to each shareholder.
Greg and Nick shall soon be folding delicious fillings in to fresh baked pretzels!
Happy Mother's Day to all the wonderful Moms out there!
You may soon be able to ship your Mom a box of fresh baked pretzels :)
I help nobody by living in the past and spending all my time and energy chasing poor decisions made by previous management and people who had their own interests at heart. Any legal proceedings would cost hundreds of thousands in legal fees and consume 100% of my time that I dont have, and any resolution would be years away. I do and have cooperated by answering any and all questions posed to me by State Attorney Generals, the SEC, the IRS, and any other regulatory authority who asks. The SEC has gone after and successfully convicted multiple people trying to eliminate the toxic environment that surrounded Penny Stocks. My family was one of the families permanently hurt by this industry. Our current strategy is to leave the legal proceedings to taxpayer funded entities and be transparent with all shareholders and the common public which is easier now that we are current on our financials.
PROVIDE ACTUAL FACTS!
Do you have Financial statements proving illegal transactions?
Do you have records of an SEC investigation in to illegal transactions under prior management as they pertain to GRLT?
Do you have court records of convictions against these individuals as they pertain to GRLT?
Put in Context:
cautiousoptimism Saturday, 03/06/21 12:56:11 PM
Re: None 0
Post #
16425
of 17125
Who is Greg Mitchell?
___________________________________
From: Greg Mitchell
Date: January 18, 2016 at 2:21:20 PM CST
To: undisclosed-recipients:;
Subject: GRILLiT - Please reply
Please reply back if you feel we need someone new to run this company. I personally have an unrealized loss of $250,000 and hundreds of hours because of this company.
About Me:
I was the Chief Investment Officer for a regional Investment Firm managing over 750 million in assets
I have been at publicly traded fortune 500 companies for 20 years, the last 9 as a Sr. Executive at a company doing 2.5 Billion in sales annually.
I purchased the rights to a franchise here in Tampa
I have been a shareholder of Common Shares ONLY for 2 1/2 years (I have never owned a convertible note).
I believe that the product was excellent (I flew to the Nashville location and drove to the Miami location and discussed their financials and operations with both operators in 2014)
I also believe that if GRLT borrowed money from some people and they issued Convertible Notes, that is a debt that I believe is legitimate. If you provided valuable services such as web site design or marketing and they issued you a Convertible Note, that is debt that is most likely legitimate. If you were given a Convertible note and did nothing to add value to the company, that is most likely not legitimate.
I want to help those who have lost money because of this company. (Not sure how yet, but I'll figure it out)
I also want help this company run properly.
Feel free to reply to me and I will be happy to do my part to attempt to get the right things done. (Mr. Klein probably did't even realize he handed out the e-mails to 75 investors, not very professional, but thanks Henry for connecting me to everyone.)
Thanks,
Greg Mitchell
cautiousoptimism Saturday, 03/06/21 01:03:13 PM
Re: None 0
Post #
16426
of 17125
The question has been asked:
Why would any legit business man want to start a legit business with a obvious penny stock scam that has a long history of fraud??
And no matter the truth. . . repeated... and repeated... and repeated
cautiousoptimism Saturday, 03/06/21 01:20:24 PM
Re: None 0
Post #
16427
of 17125
It is quite simple and pretty straight forward:
On Jan 20, 2016 - I asked why he had never done anything with his franchise in Tampa:
_______________________________________________
From: Greg - Sent: Wednesday, January 20, 2016
I actually have a signed LOI to open one, but when Henry Klein became CEO, they sold the GRILLiT brand to GARR. Going forward my franchise fee now goes to GARR, not GRILLiT. Not one cent of my franchise fee goes to GRLT. That is not why I purchased over 65,000,000 shares. I believe in the GRILLiT brand and now they split my investment in half
I then dug in and uncovered a ton of misrepresentations of the company. The level of fraud is amazing.
_______________________________________________
On Jan 22, 2016 - I asked:
I definitely understand how upset you must be over this whole mess..... but couldn't you potentially be making money with a successful GRILLiT location?
________________________________________________
From: Greg - Sent: Friday, January 22, 2016
Who cares, the store was projected to make about 75K per year profit. I've lost 250K because of Ghazi, why would I open a restaurant to help him make money and not help my shares at all? It's the principle of the situation.
Also, it will cost another 250K to build-out the location and be up and running. I will not support that brand until I own the company in court along with 2-3 other people.. Then I will build the 5-6 stores I wanted to open....
I will not cut one check to these thieves who have taken approximately 4 million dollars from people
cautiousoptimism Saturday, 03/06/21 01:27:16 PM
Re: None 0
Post #
16428
of 17125
So why build a legitimate business using GRLT?
______________________________________________
From: Keith Wilkerson
Sent: Sunday, October 1, 2017 6:46 PM
Subject: Re: Seriously???? UNbelievable...!!!!!!!!!!!
This is Keith's dad . He can't do anything with this co as he doesn't have the resources. We are willing to turn this over to you shareholders if u want to step up.
________________________________________________
From: Greg Mitchell
Sent: Sunday, October 1, 2017 9:37 PM
Subject: Re: Seriously???? UNbelievable...!!!!!!!!!!!
Recommend to Keith (the dad) to have them turn it over to me.... it may take a while, but I will keep working for the shareholders.....
No.... You do NOT get to keep using that correspondence out of context!!!
Those emails were over five years ago. A great deal has transpired since that time.
That was 2 years before Greg had access to any details, bank statements, or financials.
Nowhere has he stated that their financials were wrong. ..
YOU need to provide YOUR PROOF of FRAUD! Where is your proof that the there was ever any illegal transactions?
My sharing of my historical correspondence with Greg was intended to demonstrate that he is a man of integrity who is working for the Shareholders of GRLT.
Pointless point
Funny how that happens on the stock market.
How some people are buying shares other people are selling.
Huh?! How very strange that is. . . Does that make any sense to anyone?
I believe the announcement said the financials reporting would be released on Thursday 4/29. Tomorrow is only Wednesday. . . Yeah, I know time flies when you are 'having fun'. Actually can't wait for the fun to begin :)
Greg Mitchell's purpose behind his actions with GRLT are obviously above and beyond the comprehension of some. . . It will take time.
I for one, as a long term shareholder of GRLT, am very satisfied with all that Greg Mitchell has accomplished thus far. I am looking forward to a bright future for GRLT filled with Stuffed Pretzels, Beer, Chicken, and some of that awesomely delicious Garlic/Cilantro sauce GRILLiT offers for the Salads and Bowls!
Makes me absolutely ravenous thinking about all the deliciousness we shall soon be serving up!! ANYONE ELSE HUNGRY?
There will be several open and selling Pretzels on National Pretzel Day next year!!!!
what matters now is maintaining current status, moving forward, and building the future of GRLT.
ON-TOPIC!!!
Greg continues to deliver on his business plan for GRLT.
Step by Step Greg is building the future for GRILLiT Brands from the ashes of GRLT.
We the shareholders finally have some hope for the future of GRLT Thanks to You Greg Mitchell!!
If you would like to learn more regarding the Pretzel Haus, below is the link to Greg Mitchell's Press Release on OTC announcing the PRESIDENT OF THE PRETZEL HAUS LLC.
https://www.otcmarkets.com/stock/GRLT/news/PRESIDENT-OF-THE-PRETZEL-HAUS-LLC-ANNOUNCED?id=286159
Just to be clear.
This little bit here came from me personally, and was not included in any of the Financial Statements that Greg has released and posted on OTC.
This right here. This is me speaking for myself :) I did not scrape this portion of my post from any of the Financial Statements... Just wanted to point that out in case any of you are scouring through all the postings looking for it :)
Everyone should check out 'Penguin Pretzels' in New Port Richey/Trinity FL. Incredibly popular. Consistently very highly rated. Google It! Much loved within the Community (and beyond)!
.....
The concept of the Pretzel Haus is a Greg Mitchell original for the GRILLiT family of retail restaurants.
The model is a family owned and run business Greg truly believes in.
Financials Released and Current - GRILLiT Inc.Press Release | 12/18/2020
The inspiration for this business came from an amazing company in Tampa Florida with whom GRILLiT of the Suncoast had been working with, investing in, and advising since 2013.
Why the build out is beginning with the Pretzel Haus:
Financials Released and Current - GRILLiT Inc.
Press Release | 12/18/2020
The second business is called The Pretzel Haus (MA operating LLC). This business will be offering wholesale pretzels to local restaurants, sporting venues, breweries, and pubs while producing the fresh wholesale products from local retail stores offering an expanded menu of stuffed pretzel pockets offering feta and spinach, and mozzarella and peperoni, cheddar and bacon, along with rotating seasonal favorites. This strategy also incorporates a premium website for ordering gourmet pretzels packages to be shipped around the US and delivered as a friendly gift to be given to friends and family. The Pretzel Haus will be the first of the four businesses to go live as opening each location can be accomplished for under 50K with revenue projections of 400K per location and a profitability of 50K. The inspiration for this business came from an amazing company in Tampa Florida with whom GRILLiT of the Suncoast had been working with, investing in, and advising since 2013.
Everyone should check out 'Penguin Pretzels' in New Port Richey/Trinity FL. Incredibly popular. Consistently very highly rated. Google It! Much loved within the Community (and beyond)!
Oh Lord...
Geez...
It is NOT NOW
It is NOT WITH GREG
Furthermore:
As Greg stated in his update to the shareholders:
___________________________________________________________
Update to Shareholders Related to GRILLiT Inc.Press Release | 11/09/2020
GRILLiT, Inc. (GRLT) started a long and tedious process back in December of 2018, to determine legal ownership of numerous entities, shares, properties, assets, and liabilities. Much of this was necessary to determine with absolute clarity the ownership of certain shares and reconcile financial statements that previous management allowed to lapse.
I am happy to announce that effective Monday November 9th, significant progress has been made to GRILLiT, Inc. to resume providing quarterly updates of our financial statements with the intent of being current on financial reporting requirements by December 31, 2020.
___________________________________________________
Financials Released and Current - GRILLiT Inc.Press Release | 12/18/2020
Previous 3-year summary
The year ended December 31, 2018 was spent collecting financial documents, reaching out to previous management, contacting companies like TCA for supporting documentation, researching numerous subsidiary companies in multiple states, reviewing bank statements from banks in Florida and Oklahoma, implementing a new accounting system, validating debts with individuals and companies, and researching numerous other transactions that happened under the previous management. We develop a plan to get our accounting systems reconciled and plan to outsource the accounting to a nation firm so that financial statements can be audited in the future.
The year ended December 31, 2019 we knew there was a pathway to profitability and determined our priority was to go keep the GRILLiT franchise as the foundation of our future after the multiple previous failed attempts in Oklahoma trying to revive failing restaurants loaded with debt and cash flow reliant on additional debt. The plan was to get cash flow positive in as short a time as possible, and the capital structure of The Pretzel Haus is at the foundation of that model due to the minimal upfront capital needed to open a location. In December 2019, I moved from Tampa to Boston and I pitched our new business plan to more than 5 different PE firms with the hopes of landing a long-term partner in early 2020.
2020 was not kind the launching a new business strategy, especially a restaurant business, and delayed our announcement until today. In November 2020 I pitched our business model to a Corporate Bond Broker based in San Francisco who could possibly attract capital that would be non-dilutive to our shareholders utilizing a new crowd funding model specific to small company corporate bonds. . We have a follow-up meeting scheduled for January as they liked our business model and especially liked the Pretzel Haus vision.
I believe my actions speak for the past 3 years speak for themselves. There has been plenty I wanted to share, but ultimately, I help nobody by living in the past and spending all my time and energy chasing poor decisions made by previous management and people who had their own interests at heart. Any legal proceedings would cost hundreds of thousands in legal fees and consume 100% of my time that I dont have, and any resolution would be years away. I do and have cooperated by answering any and all questions posed to me by State Attorney Generals, the SEC, the IRS, and any other regulatory authority who asks. The SEC has gone after and successfully convicted multiple people trying to eliminate the toxic environment that surrounded Penny Stocks. My family was one of the families permanently hurt by this industry. Our current strategy is to leave the legal proceedings to taxpayer funded entities and be transparent with all shareholders and the common public which is easier now that we are current on our financials. I will be seeking additional people to create and fill out a diversified Board of Directors of GRILLiT who agree with and can support our strategic vision. These plans will take time, but we have a new start. My personal financial support every month since January 2018 is reflected as an investment into the business on our cash flow statement that successfully helped us get GRILLiT Inc. current with Pacific Stock Transfer, The State of Nevada, The State of Massachusetts, and we now have a viable entity for all our shareholders. Have a great holiday season and I look forward to a prosperous 2021 for all." Greg Mitchell
CONTACT:
Greg Mitchell - President
E-mail: info@grillitofthesuncoast.com
Those emails were corresponded over five years ago. A great deal has transpired since that time.
That was 2 years before Greg could have had any access to any details, bank statements, or financials. Nowhere does he state that their financials were wrong. .. I imagine Greg was more than likely speaking out of frustration over the dilution of his stock shares. I know many of us shareholders were experiencing a flurry of emotions back then over the management (or lack thereof).
Greg did post every person issued shares from 2013. Exposing each and every company that was issued shares.
Cheers to Pretzels with Beer!
You have not provided proof there ever was fraud in the financials!
Tell us precisely which Financials were fraudulent?
What year of financials need corrected? 2013? 2014? 2015?
Where is the Fraud?
What Balance sheet is incorrect? What Income Statement is incorrect?
It is not here.
It is not now.
It is not with Greg Mitchell.
Are you telling us all that everyone who managed GRILLiT prior to Ghazi operated legitimately?
Are you telling us that all Financial statements and balance sheets reported prior to Ghazi were correct, true, and legitimate?
Are you telling us that the "Fraud" began with Ghazi?
Not even close to being a good enough answer!
Thus far, Greg Mitchell has followed through on every step of his business plan. Greg's ultimate goals are turning the long stagnant stock ticker GRLT in to a legitimate revenue generating operating company, and returning value to the shareholders of GRLT.
There are many more steps to come... Greg is walking the walk.
Tell us precisely which Financials were fraudulent?
What year of financials need corrected? 2013? 2014? 2015?
Where is the Fraud?
What Balance sheet is incorrect? What Income Statement is incorrect?
Apple Computers started in a garage
According to WHO?
OTCPinkGuidelines
1. To qualify for Current Information on an ongoing basis, companies must upload reports through OTCIQ on the following schedule:
o Quarterly Report within 45 days of the quarter end
SEC Rule as to Use of Form 1O-Q
Companies must file their 10-Qs 40 or 45 days after the end of their quarters depending on the size of their public float.
GRILLiT Inc Release of 2021 Q1 Results
Press Release | 03/30/2021
GRILLiT Inc. (GRLT) today announced it will release the Company's First Quarter 2021 results on Thursday, April 29, 2021 at 9:00 a.m. Eastern Time.
I keep answering the same question over and over and over again with the same answer. . .. the answer has not changed.
Greg is committed to the success of GRLT operating legitimately so we all have an opportunity to recover at least some portion of what we lost
Yeah, I was conned too!
Difference here and now is Greg was not one of the Cons but right there with the rest of us who were conned!
Greg is committed to the success of GRLT operating legitimately so we all have an opportunity to recover at least some portion of what we lost
what proof do you have to legitimize your characterization of Greg?