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Funny I remember someone telling me the same thing around a year ago when the share price was around 25 cents and he had just bought $25K worth of shares. I bet you he wishes he had listened then. It is the same Company with the same incumbent A--Holes running it. And so far they have lost investors 99.9799%
Yes "Rapidly expanding" it's gone from 2 to err...... 2 in the last 3 years??????
Announced back in January? Also GRLT has received the $25K franchise payment. Now all they receive is 4% of generated revenue, which based on their own restaurant sales is $20K per year, not enough to pay the office secretary a yearly salary.
Oh and by the way still wont believe anything that GRLT say until I see it's operating on Urban Spoon. These con men have a habit of being habitual liars.
Still not cheap enough, I'm thinking when it gets down to .0002 I might buy 250,000 shares for $50 just for a laugh. This has to be up there with some of the worst share price capitulations in such a short time. And as for those investors enticed to buy at $3 for the 4 extra shares scam run by GRLT between August 2013 - August 2014 I feel for you even though you were warned. Of course they were saying this was the next Chipotle ha-ha-ha-ha.
Bid and ask both in the trips, bag holders beware!!
Ok 21 GRLT owned and 58 franchised Grillits (total 79) in 5 years from August 2013 to August 2018. 20 months or 0ne third into that 5 years and there is zero extra Grillits than there was then. I will bet you there will not be a further 77 Grillits built and operating in 40 months time?
This was the statement back in January regarding Tampa.
The Company's CEO, Ghazi Hajj, stated, "We are delighted to add a new franchisee in the State of Florida.
Believe nothing that Ghazi Hajj says, the man is a compulsive liar. This is the same person that bragged about the 3 recently signed franchises back in August 2013, that never got off the ground.
Ok I will repeat myself again
These are the same people who said this back in August 2013, read the 2nd paragraph and tell me where are the "3 new franchises signed in the past 3 weeks alone" that were signed back then. And as for the 21 corporate and 58 franchised within 5 years how far have they come in the following 20 months??
GRILLiT, Inc. has the right leadership, concept and early wins to become the next major success story in fast casual dining. By marrying an innovative health conscious menu with what may be the only pure play Latin-Caribbean fusion concept chain, GRILLiT has already enjoyed success and acclaim in its 2 South Florida restaurants.
In addition to its 2 corporate owned stores, the Company has signed 3 new franchisees in the past 3 weeks alone. Management plans to have at least 21 corporate and 58 franchised locations operating within the next 5 years
Also remember one of those "2 Florida restaurants" that enjoyed "success and acclaim" has closed. So much for that statement.
How about the truth!!
It's a old habit of mine that I picked up before I moved from the UK to Canada, maybe like some people like to eat the cream out of the Oreo cookie before eating the biscuits lol. I prefer my hotdogs rolled up in bread.
Pinks with nothing to hide, do. Pinks who are taking investors for fools, don't.
I roll my hot dog up in a slice of bread, does that make it a wrap or a sandwich?
GRLT has not filed with the SEC since 2012 so take any, and all, information coming out from these prolific lairs with the same pinch of salt you would put on Grillit sandwich.
You do realize that 1.8 million shares at these prices equates to around $2,000??? Nothing to get excited about and there isn't enough buyers to get a run up on this. Even when it was doing 40 million shares a few weeks ago the share price was dropping.
Looks likes somebody spent $90 on 60K shares to try and inflate the price. I think that is called scamming 101, artificially pushing the price up on thin volume? Bids staying firm at .001
Previously all the times it was dropping and then seemed to consolidate it then started to go lower again. Of course when the share value has lost 99.974% in less than 2 years it may turn a corner. However the scam and the BS will be the same GRLT, nothing will change there. The same schemers behind the original P & D are still running the show.
Get it back to, and buy in at .0002 then the most you can lose is 50%, unless of course it capitulates completely??
More of the same today?
So much for your 16's wink, wink.
Yes really falling hard, $1,000 worth of trades today so far. since the bid is still on .0011, I can only see this going in one direction DOWN.
Well at least you will have no need for new underpants today, no 40 million shares trading? 500K shares currently so around $600 changing hands.
It is one thing to talk a big run-up but actually getting people to put their hand in their pockets for such a POS is another thing.
And by the way, on another note, what better could I be doing than highlighting this piece of garbage (you know what I mean) and my trading is doing very nicely thank you.
Under $4K in trades and people are wetting their underpants. 6 weeks ago this went from .002 to .005 and the told ya so people were spouting again. Then GRLT retrenched down into the trips and the board went quiet again. Historically there is NOTHING to justify any run up other than people spouting hot air.
45 minutes in 9K shares traded = $10. bids still in trips.
"Interest is building and bids are growing" No they are not, there is no future, there is not even any more lies, just silence.
Thought I had found something "positive" on the Grillit home menu page today. Coupons for the Chicken Rice Bowl and the Chicken Caesar salad. Then I realized the offer ran out 8 days ago. Can this Company do anything right???
It's extremely thin because nobody is interested in it!!! If you're so bullish at this level why don't get the ball rolling. A million pieces of worthless paper for a thousand bucks, its a great deal, especially if you're short on toilet paper?
Any news announced in the last 3 years has been lies, anyone willing to push the price up on this wants their head examining.
And how would you know that? Judging by volume nobody is interested in GRLT.
$52 in trades so far today ha-ha. looks like the asks are going to have to delve permanently into the trips or this will die a death on volume.
There is absolutely no interest out there for buying this so where these so called bounces are going to come from are just figments of peoples imagination.
So far this has only succeeded in bouncing like a water balloon.
My DD at $5 said it was a scam, my DD at every other downward price said it was a scam. And so it has proved to be nothing more than a scam.
You want to buy in today for a bounce and make money, it's possible but not because of a couple of mundane outlets. No DD can make this look like anything more than a front for pumping worthless paper.
GRLT reminds me of one of those TV shows that has the Russian Mob running a legitimate laundry cleaning service, and we know how those usually end up???
Trips yesterday lol. That is yet another milestone I predicted that has come to fruition. And still people believe in this CR-P???
These are the same people who said this back in August 2013, What a load of BS. read the 2nd paragraph and tell me where are the "3 new franchises" that were signed back then. And as for the 21 corporate and 58 franchised within 5 years they must have been on the Wacky Backy.
GRILLiT, Inc. has the right leadership, concept and early wins to become the next major success story in fast casual dining. By marrying an innovative health conscious menu with what may be the only pure play Latin-Caribbean fusion concept chain, GRILLiT has already enjoyed success and acclaim in its 2 South Florida restaurants.
In addition to its 2 corporate owned stores, the Company has signed 3 new franchisees in the past 3 weeks alone. Management plans to have at least 21 corporate and 58 franchised locations operating within the next 5 years.
GRLT has been stringing out investors for over 2 years with false promises. If the other so called Grillit franchises are an indication of size and shape for any new stores, a reputable builder would have them up and operations ready in 10 weeks.
Do not believe any information and future growth projections that supposedly emanate from the mouths of the insiders at GRLT, everything has been lies up to now.
If you were to read my previous posts on GRLT over the last 2 years or so, you will find my guesses have been well documented, and ultimately proved correct.
Like any share price there is a bottom and trying to predict it is impossible, however in the case of GRLT, and it's recent trebling of the number of shares trading, I believe that should equate to a triple zero PPS.
Until they can prove that there are another 4 to 5 franchises past the groundbreaking stage there is no reason to re-evaluate GRLT. They have lied about new franchise orders in the past so until the buildings start going up (if ever) I wouldn't trust anything that they say.
Based on what? the laws of gravity!!!! Another new player in GRLT with a baseless comment?
I would never trust a Company that has increased their shares from 8 million to 305 million in 20 months. Who can trust that number to not be 1 billion or more in another 20 months. On the other hand now that they have totally diluted everybody's holdings they could do a 1 for 30 reverse split (which has happened to me before) to get the number of shares trading back to around 10 million. And believe me the PPS NEVER goes up by 30, or whatever the reverse split numbers are, in Penny world.
In answer to your 4% return question, Grillits 2 owner operated outlets generated about 750K revenue (not profit)last year. If the new franchise generates 400K revenue that is 16K to GRLT. I have followed GRLT for close on 2 years now and recall all of promises/lies that drove the share price up over $5. They should have been at over 20 franchises based on those lies. Based on the numbers above that would have been a yearly return of $320K plus the one off start-up payment of 12K or 25K (cant remember whether it was 12K or 25K) for each franchise. And how many Grillit franchises have opened in the last 2 years, ONE!!!!
Sorry but this Company (GRLT) is a joke and the people running the show have bilked investors out of millions.
I did "Mark it" as you asked. Since GRLT have just blindsided everybody by sneaking in a more than tripling of the number of shares trading your predictions for this POS are toast which they were without the share increase anyway.
Have a nice day
Don't think we need the running commentary on the share price?
Look at the facts, this has gone from 8 million shares 20 months ago to 305 million shares today and decimated investors PPS in the process. Also it has at best 3 outlets today as against the 2 it had 2 years ago and that extra franchised store has already paid it's one off setup fee and now only has to pay GRLT 4% of generated revenue. Please tell me how that is going to increase the value of GRLT???
GRLT getting very close to it's true value of ZERO. TRIPS very soon. Then again nobody should be surprised that it has gone the routine route of every Pump and Dump and decimated investors all the way down into the gutter.
The biggest surprise is that GRLT hasn't manufactured any news to stop the slide into oblivion, most scams at least try to put out more lies to stem the flow, GRLT has gone down with not so much as a whimper??
A young lady walks into the Grillit outlet in Miami and asks the server "I have $8.50 to spend would you suggest the glutton Free Chipotle Chicken or 4,250 shares in GRLT". The server says "I would suggest the Chipotle Chicken because it will taste better going down"
New all time low reached today, triple zero's very soon. 45 million pieces of worthless paper changed hands today, they have obviously ramped up the printing presses AGAIN.
"Could definitely make a quick bounce around .001 maybe" talk about sitting on the fence and covering all the basis, that comment has it all!!