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Float should be bigger now. As of August 7th everyone who held shares as of Sep 2013 were able to take up their options on the 4 extra shares for each share held as of that date. Until you start to see statements, post split, you can't equate the June float to todays float. Typically investors hub don't update the totals, until next statement, hence the current float quoted on the page. Just my thoughts on the matter.
Have a great vacation and who knows you could be loading the boat with fish and some even more cheaper GRLT shares when you get home.
Wow these 135,000 shares at 18.5 cents look really expensive now. No wonder you want the train to pull away from the station!!
Wow someone spent all of $550, things must be heating up lol.
$2,500 is the total of what Grillit has, cash on hand, from the last quarterly report. Your statement puts this into perspective.
Please tell me how 25 cents is realistic? GRLT has about 96 million publicly traded shares from a float of 350 million. 25 cents would value this at $87.5 million dollars.
Of course a massive pump & dump could send any share to inflated prices but based on past performance and pure fundimentals Grillit is currently trading exactly where it belongs, or maybe it's higher than where it belongs.
Oh I see, so GRLT is posing a serious threat to McDonalds, this has takeover written all over it ha-ha. Give me a break!!!!
Unfortunately "this train" has only been running downhill during the last 18 months. Such a shame for the bagholders who were buying this at anywhere up to $5 a share GULP. They must have felt like jumping in front of the train to try and stop it!!!
General Custers last stand, somebody has to blow the trumpet as the troops get slaughtered.
From my very limited knowledge on shorting stocks I believe trying to short in the sub-penny market is extremely difficult. Most reputable financial institutions wont do it.
For those that have managed to short Grillit over the last year they have already made a fortune and are no doubt basking in their profits.
Can you post the total operating loss during the same 3 quarters timeframe, and it still only reports $2.5K cash in hand, as of the last quarter. Lets hope they have enough to continue to pay the staff wages?
With reports like this it aint going far for long. These last 2 reports are up to the end of September and March. This will give you a chance to see that nothing is improving.
GRILLIT, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the quarter ended September 30, 2014
(Unaudited)
Operating activities:
Net gain/(loss) $ (90,382.41)
Adjustments to reconcile net loss to net cash provided by
(used in) operating activities:
Accounts Receivable $ -
Accounts Payable 22,606.61
Net cash provided by (used in) operations (67,775.80)
Investing activities:
Investments $ -
Net cash used in investment activities -
Financing activities:
Loans Payable 67,623.10
Net increase in cash $
Cash, beginning of period 2,500.00
Cash, end of period $ 2,347.30
GRILLIT, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the quarter ended March 31, 2014
(Unaudited)
Operating activities:
Net gain/(loss) $ 392,261.74
Adjustments to reconcile net loss to net cash provided by
(used in) operating activities:
Accounts Receivable $ -
Accounts Payable 16,483.97
Loans Payable (417,474.68)
Net cash provided by (used in) operations (8,728.97)
Investing activities:
Investments $ -
Net cash used in investment activities -
Financing activities: -
Net increase in cash $ (8,728.97)
Cash, beginning of period 10,090.46
Cash, end of period $ 1,361.49
Ha-ha you're correct, even with a 400% gain from todays price, that still puts it at a 99% drop from a year ago. The BS never ceases to amaze me.
You were buying "cheapies" when they were over 2 cents so you are obviously averaging down to recoup losses.
I'm sure people were saying that towards the end of 2013 about 2014, and not one extra store, just a 99% collapse in the share price. Oh well can't expect much else on the Pinkies!!!
Cash on hand $2.3K and losses of $21K as per last report. This can only continue to drop like a stone.
So do you think this Company will be valued at $370 million by the end of 2015. That is what you are basically saying by stating that each share will be at $1. It is currently worth about $400K
Why would you post that, did you read it properly? This was done by GRLT exactly 1 year ago and I've pasted an excerpt from that 1 year old attachment.
GRILLIT's CEO, Ghazi Hajj, stated, "Last month, we initiated an effort to reduce our outstanding shares in order to maximize the value of the shares held by our investors"
Wow do you actually think he has maximized the value of the shares held by his investors during the last 12 months. If I, or most honest hard working people, screwed up like that we would be out of a job. This is how you know that the people surrounding Mr Ghazi Hajj are all in this scam together.
I'm sure there are many longs that wish they were "day traders" of this a year ago, since all the longs back then have been wiped out.
If you honestly think that a Company, that had 2 stores 3 years ago, but has not completed a single franchised store startup yet since it first mentioned that they were going in that direction 3 years ago, will get to 1000 stores, then you are in cloud cuckoo land.
I still remember all the pumpers when it was at various PPS saying it couldn't go any lower, whether it was a dollar, 50 cents, 20 cents or even 2 cents but it has continued to go down. Whether it is at the bottom is anyones guess but it has royally screwed many investors. Even those buying a 2 cents are currently 80% down, so those buying at a dollar or more I just hope didn't mortgage the house to buy their next Chipotle (as some on here have referred to GRLT as).
As for my short sightedness I've just worked it out that if I'd invested my $160K in GRLT when it was trading at a dollar (and pumpers were pushing it then as well) it would be worth $640 today. Thank god I was skeptical then and nothing has changed.
Can someone please tell me how GRLT is going to make money with such a crappy business plan. Isn't it a one off payment of $12K for each new franchise plus a 4% yearly return from each franchise. If a franchise turns over $1 million, that is $40K per year.
So when they eventually get to 4 franchises, and say they earn $1 million per year (ignore the one off payment) the yearly revenue is $160K per year. I'll let you into a secret, as a field service supervisor I earn more than that in a year. So how is this going to make money, or indeed ever going to be worth investing in.
Don't say by building hundreds on franchises because in 3 years of broken promisses they still have only 2, with maybe 2 more being built. That hardly inspires confidence.
"We will hit a bottom and then up from there. I've seen it time and time again with penny stocks" you don't say. Once anything hits a bottom, unless it becomes entrenched there, it can only go up!!!! The other scenario is that it could cease trading altogether.
Duly noted
Nothing like covering all the bases!!
It has taken over 3 years for Grillit to have 2 franchises, so if it opens 2 more franchises in the next 12 months that is a one time only payment of $25K. IF those 2 franchises do $1 million in business per year, at 4% royalties that is $80K. How is that amount of revenue going to boost the share price, it wont even pay the wages of 2 people. Some business model????!!!!?????
Hit the all time low today and bid is still there. How low can it go is the question. There is little to no interest, todays volume 2.5 million shares at .006 per share is $15K hardly inspires confidence does it.
"Big things do happen in Texas" Enron springs to mind and Energy Future, the biggest Power Company in Texas filed for bankruptcy earlier this year.
Grillit may not make the headlines like the above mentioned but the outcome will be the same. It just keeps going down the toilet and has flushed away millions of investors money in the last 18 months.
Well what do you know, i've just returned from 3 great weeks in Florida and Cancun and open my computer for the first time. Everything I've been saying about GRLT for the last 18 months has come true and it's in the sub-pennies now.
I've watched individuals on this site constantly say it couldn't go lower and it's primed to explode, those are the type of comments that have been repeated and yet down, down, down and down it goes.
This started life as a well documented P&D that was exposed by pumpsanddumps.com and since then it has been nothing but an unmitigated disaster for the vast majority of investors that have held for more than a couple of days. Daytrading sharks may have made a bit, but for any stock to go from $5+ down to .008 cents in 18 months should be a criminal offence since many must have lost an absolute fortune in this scam.
Nobody can say that the Company were not complicit in this scam as they were the ones that pumped the share price when announcing the 4-1 split last August 2013. those orchastrating this so called Company should be locked up for defrauding the public.
I smell sub-penny very soon. Maybe temporary short term but longer term that's where it's going to stay.
I mean the scum running this scam have given up putting anymore lies out to artificially pump up the price.
Well it aint going up, record low today, one lousy cent. you made a statement " I realize that some ppl got F'd hard with this stock... but give it time, it is gonna go up from this pps" Well people are still getting "F'd hard". This is heading for sub-penny land very soon.
Their CEO maybe able to boil an egg but he hasn't done a thing for this POS share price. Almost at record lows today. Whoever supposedly respects him in the business obviously has no intention of investing in his Company, so much for respect.
Ha-ha best belly laugh I've had in quite a while Chipotle and Grillit on the OTC GRLT message board. I was trying to find the comparisons and then it hit me. They both have the letters i, l and t in their names.
Oh do you mean those same lying scumbags that touted it up to $5 18 months ago. I'm not so sure there are to many gullible people left out there willing to get hosed like the previous bevvy of bagholders. I'm sure credibility with this garbage went out the window ages ago.
Of course that is just my well researched technical analysis of the situation.
On 1200 shares, not inspiring confidence at the moment. However after working in Atholville, New brunswick earlier this year people are very enthusiastic about Zenabis coming to the area. If MDCN keeps the partnership going I still think it's a breakout stock.
I am not in this stock but have an curious interest after being introduced to the owners of Zenabis, at a restaurant, whilst in Atholville back in May.
And it's not not doing anything. 6 month chart for this looks like the 90 meter hill at the Winter Olympics.
Yes you are right "it takes time to build them" it's been an ongoing joke for 3 years and they still have not expanded. Maybe it will be news in "November" however that could be November 2017, not this year.
I'm actually heading down just north of Miami for a week at the end of the month so might just call in and give them some of my hard earned cash. Maybe they can put it towards a tin of paint for the next location.
So why do you post promotional crap about them when you admit it's a scam? Change one letter in the word scam and you have the word scum and that is basically what you and the garbage that infest these boards are. Goodnight and good luck to all.
Massive "retrace" BS this thing is a joke, been saying it for over 2 years and the one big thing that has changed is that it has dropped 99.3% since I started saying it. The only thing that I predicted incorrectly is that I said it would be in the sub-pennies by now, but what the hell there's plenty of time. When it gets to .0002 I might rate it neutral.
Good night to all you people getting grilled out there OUCH!!!
Looking like lots of sellers willing to offload shares under 2 cents today, considering the equivollent of over 20% of the outstanding number of shares have changed hands today. Doesn't say much for the future direction of this baby, looks like a case of burn baby burn.
Sorry to disagree but the outstanding share count prior to Aug 2013 was 37 million, and still was prior to Aug 2014. It has increased to 43.5 million during the last 5 weeks as individuals have registered their extra shares.
I know all this as have been following it for over 2 years as I did at one time have an interest in buying in. The doubters then saved me from the bloodbath that followed the share split, which has culminated in a 99.5% drop in the share price.
The share split flop tells a story?
Since the pumpers are rehashing old garbage on this junk I thought I would re-post my comments from yesterday. This is the true story about this Company (I use the word "Company" very loosely) over the last 3 years.
When Grillit announced over 12 months ago that all existing shareholders of record would get four extra shares for each one they held, the share price was fluctuating between $3.50 - $5.00 (unbelievable). There were 37 million shares outstanding at that time. So that means as of 8th August 2014 another 148 million shares could be outstanding, if everyone that received their extra quota made them available to trade.
Isn't it pitifull that here we are 5 weeks after that date and only 6 million of the 148 million have been added to the amount of share outstanding. This is obviously with good reason since to register your extra shares and make them available for trading costs money and with these hovering around 2 cents a share it's not worth even bothering about, since the value of the extra shares wouldn't cover the registration costs. This POS is not, and never has been, anything more than a con job.
There were enough people, including me, warning everyone 12 months ago that this Company was conning people, and so it turned out. This thing is going nowhwere fast, it has lied about new restaurant openings in the past, the franchise stories have been circulating for the last 3 years and are still pie in the sky stories. And then there is still another 140 million shares 'that could' be made available to trade should the price ever go up, but what does that do but constantly dilute the share price, it looks a recipe for stagnation to me.
Don't look to get rich here anytime soon.