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The share split flop tells a story?
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.
Absolutely, now that the Nasdaq news has turned out to be pure lies, this will drop like a lead balloon. More gullible lemmings taken to the cleaners by unscrupulous con merchants.
Yes back then it was touted by the now defunct Awesome Penny Stocks and the share price hit $3. It was pitching cheap smart phones and tablets, to be marketed in China and India if I recall correctly?
Some of these successful scams can be pumped 5 times and more so it maybe a candidate for another run, who knows?
Some astute people will buy a couple of hundred bucks of these old scams when the price has sunk into oblivion on the off chance that they will be resurrected at a later date. If they take off again they can make huge gains on the few hundred dollar gamble.
There was never a product in the first place, however I did triple my money on a lie, with Kunekt. I was lucky to get out at the right time but I wont be playing it again.
"Normal Friday prifit taking" translated means insider dumping. Looks like another bunch of Lemmings are rallying around this POS.
2 news articles in last 2 days after nothing since May 7th smells pukey to me. And the news in the last 2 days is the same stuff they were spouting 2 years ago, expansions, franchisies YAWN.
Look I've been following Grillit for over 3 years now. They had 2 outlets 3 years ago and were talking about another 20 to 30 within 5 years, it's all Bull Sh*t. I watched the shares go up from 10 cents up to $5 on lies and fall back to 2 cents. Those 2 outlets were valued at $180 million on the hype and the proposed 4 extra shares for each share owned. It was all a con to sucker gullible people to invest in this POS.
Mark my words this con-job WILL NOT have 8 outlets by this time next year.
Thats it buddy, load the boat?? This could be sub-penny after Thursday. You must have been a Japanese Kamikaze pilot in a previous life.
You may be correct since prior to Aug 7th 2013 silly people were paying between $3.50 - $5 for shares in this con job. Since the shares are down over 99.5% it may not be worth it.
Buy today and get screwed on August 8th when the 400% extra restricted shares start trading. There is not a single good reason to buy new Grillit shares until after that date, even if you don't think this is a 2 outlet burger joint hijacked by market manipulators, which it is and has been.
"Hope" springs eternal, unfortunately scams never do. Last quarter zero revenue and 3K cash in hand, it has that stinky smell all over. To change a letter to the Monty Python song, Scam scam scam scam scam scam scam scam scammity scam.
And just to my fellow Python fans out there, this is for you.
That would be a sensible conclusion, there is no reason for people to buy new shares today because of those extra 400% restricted shares trading after 8th August. To me that dilution will kill the share price.
The only business plan that Grillit ever had was to screw investors for as much money as they could and after watching this POS going from 20 cents to $5 and back to 1.4 cents it has done an excellent job of conning everyone. And the most brilliant tactical manouvre it did was to sucker the bagholders by offering 4 shares for everyone held as of August 7th last year. Unfortunately for the dummies, that took the bait, those shares couldn't trade for one year. That means as of 8th August this year there will be an extra 400% shares trading. Your guess is as good as mine as to what will happen to the share price on 8th August. All I know is that this POS won't become 400% more valuable overnight, my guess is the share price will drop significantly. To me zero means zero and this POS is worth very little more than that. Grillit is just another scam that lured the dummies with false promises, and boy did the dummies take the bait.
And just in case you are not aware of the share "split" anybody buying shares today doesn't get the 4 extra shares, for each share held, on the 8th August so please tell me why I would invest today and potentially lose 80% of the value on the split??
Mouth watering last report, zero revenue and zero cash on hand. This could be a real winner folks but no it's just another marijuana scam yyyaaawwwnnn.
Actually not all are scams, I am confident that MDCN may turn out to be a stock worth following. I was recently working in Atholville, New Brunswick where Zenabis is due to open a big facility cultivating medical marihuana. MDCN has a 49% stake in this operation, and at around $1.50 per share, this could be something worth following. Certainly the locals of Atholville are all over this.
One other point with MDCN, the Pumps and Dumps.com website has never listed MDCN as a pump, the same can't be said of MediJane and a whole raft of other marihuana stock frauds.
Zero income last quarter and $3K cash in hand, I've got more in my wallet. Whats to like about this POS???
You "like the name" - hardly inspires confidence to buy this cr*p.
You "like the brand" - there are boat loads of these con jobs jumping on the MM bandwagon and if the SEC doesn't hit them with an H10 the poor bagholders are still getting fleeced by the P&D.
This P&D is sailing into the sunset "MEDA" but the con merchants are still pushing the cr-p out of it. Just above 12 month low whats to like about losing money day after day? "MEDA"
Grillit shareholders getting grilled again today, what a POS!!
grillit changing name to Subway, sorry I meant Subpenny lol, since that's where it's heading to very soon. All you people holding out for your 4 extra shares for trading on August 8th have been well and truly hoodwinked by this con job. bought in at over $3 and now it's worth 3 cents. My bad math tells me it's a 99% drop GULP.
Doesn't this POS make you want to stick two fingers down your throat and assist yourself with a good old vomit?
In the good old days when you got share certificates you could have used them as a sustitute for toilet paper. Today just use it as a expensive lesson to stay away from the Stinky Pinkys market. If you buy in to the initial pump and hold to long you will get caught in the dump that ALWAYS occurrs, been there, done it and got the T shirt.
Just finished working at the pulp and paper mill in Atholville and the whole community is buzzing about Zenabis coming in. Their management team are being treated like celebrities. I'm one to scoff at these POT plays but I have first hand knowledge that this one is legitimate and Medican (MDCN) appears to have bought a 50% stake in it.
Reverse split will come within a month of all the numpties getting their 4 for 1 extra shares on August 8th.
"Finally a press release" which was just an excuse for the insiders to dump the sh*t.
Oop's you spoke to soon!!!
Wrong - sub nickel again, this POS is exactly that, a POS. You are going to need a lot of that corn whiskey to drown your sorrows.
A 10% stake of $70,000, so lets see even my non mathmatical brain tells me they have invested all of $7,000 WOW, eyecatching stuff? Was it really worth the announcement? Sounds all a bit fishy to me, oh wait they are into fish as well. Anybody bothering with this POS must be smoking dope, oh and by the way EMBR is into that as well. Saying that, a bit of fishing, a day at the races and a huff, sounds like the perfect weekend!!!
This POS has been talking about extra outlets and franchising for 2 years now, it's just all part of the scam, they are no further forward now than they were then. Shares were worth over $5 per share last year, now lost over 98% of their value, 'wow' talk about getting screwed.
Down in the single pennies today, closed lowest price of the day so over a million shares bought today closed in the red. This POS is toast!!!
Agree .... 52 week low today and still sinking quickly, hope their burgars taste better than the bad taste left in the mouth for those holdding this cr*p.
Still a long way to go before I get to break even but it's nice to see positive things again. Up 200% in 4 trading days isn't a bad start.
You got your wish today, good news from PNG. The price has got a long way to go before I get my money back but this is the most positive news in the last 2 years.
Hopefully onwards and upwards from now on.
The fact that you are the first one to write in 5 days, since I posted, shows me there is zero interest in REFG. Just another pump & dump that had it's day in he sun.
Actually "Lockup" is what should happen to the unscrupulous people pushing this cr-p. I've been buying and selling shares for 33 years now so fully understand the workings and terms of the markets. However when you are dealing in the OTC/Pink markets, normal circumstances don't always apply.
Time will tell but I dont think GRLT falls under the category of normal circumstances.
Do you believe that the book value of this "Company" is going to increase 5 fold when those shares start trading? It will be 400% more shares into the same Company valuation. What is the valuation, about $7 million today?
Anybody silly enough to buy the shares last year at around $3.50 on the strength of the 4 extra shares for each one held has been absolutely murdered. Despite mine, and many others warnings, they followed the pumpers over the cliff like a bunch of Lemmings.
The bloodletting is not finished yet, but at least you can console yourself in that you wont lose as much money as those mugs have.
Why add now since when the 4-1 split comes on August 7th you will be able to pick these up for 3 cents (or less). Same valuation but 400% more shares to trade.
Looks like Tanke is tanking, another P&D dud
Shareholders in PHOT were just as stupid as the people believing the cr-p that this POS is churning out. The SEC shut that down and many bozos got hurt. This Cannabis bubble is going to burst very quickly
This has been threatening to expand for the last 2 years and it still only has 2 outlets so don't hold your breath. It is going nowhere fast but it will continue to pump garbage to make people like yourself believe it is credible. IT IS NOT!!!
This has been threatening to expand for the last 2 years and it still only has 2 outlets so don't hold your breath. It is going nowhere fast but it will continue to pump garbage to make people like yourself believe it
What a load of horse manure, from thoroughbreds to cannabis, what a crock of horse sh*t. If anybody believes, and buys, this BS they obviously still believe in Santa Claus. I keep scratching my head with the pure rubbish that these conmen generate to get the Lemmings to invest in the cr*p, and then the more surprising thing is how many Lemmings there are actually out there in the first place.