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A share buy back is where a company buys it's own shares from the marketplace. If you elect to sell your shares they are treated no different to selling your shares voluntarily. If you sell at a loss you claim back Capital Losses at end of year or you can set them against Capital gains to offset the amount of Capital gains you will pay if you have sold other Company shares at a profit.
Somebody spent $180 at the ask price to try and get the bid price going. Not working, GRLT has become to transparent as an investment scam.
Bid has collapsed, but to be honest there shouldn't be any bids since this should be in quadruple zeros (if it was possible) based on increase in AS.
Once again the slime balls running this POS increase the A/S on the quiet. So it's gone from 8M shares with a high of around $5 to 1.5B shares at a price of .0003. I mean I only officially found out it had increased from 306M to 950M recently. How the hell can anybody trust these conmen??? I've said it before the brakes will go on this very soon with a reverse split and after that .0003 will not look as cheap as some people seem to think it is. A 100 to 1 R/S on this will be lucky to take it back to .01, that's of course if it hasn't already gone to .0001 before the R/S happens.
Also just remember this first hit .0003 when the AS was 306M, here we are with 5 times as many shares and the price is still .0003/4 It doesn't take a mathematical genius to work out that (If possible) this should be in quadruple zeros based on that math.
$202 worth of business in first hour. Chances of a 10 bags anytime soon are remote. Even the pumpers on this site appear not to be prepared to pay .0004 to add to their holdings, hardly inspiring!!!!!
Yes $5 to .0003 and 8M shares to 950M shares in 2 years does make people A LITTLE negative. I WONDER WHY!!!!!?????
giving this POS a $240M valuation, give up on the whacky Baccy brother.
Send in the clowns, just what GRLT needs!!!! Yawn??
You don't say? It looks like you are coming around to my way of thinking?
Thankyou you have confirmed why GRLT is not worth investing a single penny in.
8 million shares, increased to 36 million shares, then a so called rights issue of 4 new shares for each share held (which was a concealed share split). After that it went to 306 million and now up to 950 million. When will the dilution stop? Problem is now they need to consolidate out of the trips so I see a R/S down the road.
Another Scam I follow is MDCN and in the last couple of days they have just done a 1000 to 1 R/S and you should see the people squirming on that board.
I'm still after an answer to my question
"So please since you feel the SS is not big enough to do a RS, what is the SS because I've lost bloody track? Is it 306M or just under 1 Billion"
If you don't know the answer then why would you choose to buy shares?
So please since you feel the SS is not big enough to do a RS, what is the SS because I've lost bloody track? Is it 306M or just under 1 Billion.
GRLT is famous for moonlighting their share increases and it's usually 4 or 5 days before existing pee-ons become aware of what has happened. It has been noticeable in the past by a considerable increase in traffic on this site culminating in 40M-50M shares trading per day over a few day period and then those same people creating the extra traffic disappear. It has been the same trend for the last 2 years. Not that I'm a conspiracy theorist??!!??
In the Pinks a R/S is ALWAYS bad news for investors. I have first hand experience of that. A R/S takes place and then they dilute the market with more shares which completely obliterates your holding. It's scamming 101, and stops anyone taking to big of a position.
Pretty sad when nobody knows what the actual share count is??? All I know is from around 8M shares only 2 years ago we could be near a billion or more today. This is being setup for a R/S and all those people sitting on millions of shares are going to get clobbered since the multiple price wont hold, it never does!!!
No, unless it was the truth and there was a genuine game plan? Up to now it has been all smoke and mirrors. Broken promises, share price capitulation and massive dilution.
2 years ago they said they would have 30+ operating and 50+ franchised stores open within 5 years. (The 5 year plan). Tell me again how many openings have they made in the 2 years since that bare faced lie was made???
A lie that still makes many a bagholder squirm. Thankfully I never trusted them then and I don't trust them now.
Winn Dixie?
All GRLT get from each franchise is a one off $25K plus 4% of yearly revenue. Pretty pathetic to me, and the 25K will already be in someone's offshore account.
No "hype" just BS. This was, is, and always will be a POS. Do not believe anything positive written on here, there has been NOTHING positive with GRLT in the 2 years since it was a well publicized P&D and has created a multitude of bagholders in the last 24 months.
To have volume you need to "ask" something that somebody is willing to pay. This POS is only worth buying with a .0001 ask.
Wait for 1s, coming soon (.0001)
Maybe if they do a 306 million to 1 reverse split lol.
Cant get excited about a Company that have gone from 8M to 306M shares in 2 years, with a share price that has gone from $5 to .0005 in the same timeframe. And also a company who said they would have around 54 outlets in 5 years and that statement was made 2 years ago, and what is the current total, is it 2 or 3?
Somebody has to as very few new investors would touch this POS with a barge pole. It's left to existing bagholders to average down, or people who believe in fairies and leprechauns.
Hope lunch was on him?
" If we stay under a bil" track record not good, 8.5 million to 306 million in 23 months.
Zzzzzzzzzzzzzzzzzzzz somebody just spent $250 and spoilt the no hitter.
"Holding down"???? 0.0000 is the true value.
Insiders love people that buy all their worthless shares. 50+ million pieces of the worthless sh-t dumped today. They must be laughing all the way to their Cayman Island bank accounts.
And I wonder how good they feel about that for those that did. Fool you once fool you!!!!!!!!! Those people need hit over the head with a proverbial hammer. lost a fortune the first time and then got screwed again if they took up their options, since we are down 99% twice over.
No it didn't. Hardly anyone took that up since by the time the year of waiting was out the shares had dropped from over $3 (at time of offer) to pennies. To take up your options with a broker cost more than the value of the shares. Just another con job by GRLT to sell their worthless shares into the feeding frenzy.
They have gone up from 8.5 million shares just 2 years ago to closing in on a billion now and they never announce ahead of time. The previous share increase was from 96 million to 306 million and it was around 4 days of massive dumping later that someone let the cat out of the bag.
It was probably not a coincidence that some heavy hitter pumpers have been pushing GRLT over the last 2 weeks on this site. Most have disappeared again.
Looks like a few of the pumpers from earlier in the week have zipped it and moved on.
Back in the 5's & 6's. So much for the big run that people were spouting about lol.
Everything is "thin" $3.5K in trades today. You can fool some of the people some of the time and so on.
It's in a dried up watering hole in the Sahara desert. No water and no Grillit, it's just an illusion but it seems real if you're not right in the head???!!!???
All of you recent contributors need to start buying shares if you want to get the price up since new stooges are at a premium and all ex GRLT holders that were "grilled" previously, with this dogsh-t, wouldn't touch this with a proverbial barge pole.
Have a nice day and GLTA.
Yes after 35 yrs of trading I know nothing hahahahahaha. I have a boatload of $,$$$,$$$ in the market to prove differently!!!
Doesn't matter what the AS is, the PPS x AS dictate the Company value and for that reason GRLT is exactly where it should be. Started life as your run of the mill P&D and now sunk into oblivion.
There has been a couple of 3 or 4 day blips orchestrated by day traders (exactly as has happened this week)over the last 2 years and then they take their profit and crawl back into the woodwork once they realize that there are no more fools to hoodwink into buying this cr-p.
Different time!! before the house of cards collapsed.
From July 2013 it went from 22 cents to $4.72 in 3 weeks and 3 weeks later is was back at $1.24 but I suppose in sub penny world 3 weeks is a lifetime since that is about the amount of time you would have held it!!!