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The Grillit menu is brilliant but the execution is less than lackluster. They had a corporate store in Miami and when that started to do poorly the stock started to tank. The Miami store is now closed and I'm not sure about the Texas store. According to the press releases they were funded by a venture capitalist and bought two other restaurants. A Café (Blue Moon) and another restaurant (Sooner Bread but changed to Joe's Momma). The management needs to go. If Chipotle had the Grillit menu their revenues would be increasing instead of what they are doing now. It looks like the present management may have abandon the whole grilit concept which would be a huge mistake. Diners really do want healthy alternatives without spending a ton of money on a dinner. I'm waiting to see what happens but the boat has quite a few holes in the side of its hull. I bought low and have 11 million shares but am not expecting much.
It's weird that GRLT shows a 900% gain but didn't really change price that I can see.
I still love the Grillit concept and that is where their focus should be. There is a huge need for a menu like Grillit. If this company was managed correctly the stock could have been a high flyer. First they need to build the concept which they had in Miami and then sell Franchises. They need to service these franchises and get more stores open. I wonder if they changed the business plan to just buy any old restaurant. What a shame.
Sooner Bread Company. I see they are changing the name to Joe's Momma. Is this still owned by Grillit or did they sell it? Also, the Blue Moon looks to be a beautiful place but with poor management. Too bad.
Any new news? Anyone been to the Texas store lately? Is it closed for good??
Agree
That is still a boat load of money to lose. You don't know for sure. Lots of conjecture but not a lot of proof.
I highly doubt that any venture capitalist would give a company 5 million in financing and expect to get their money back by selling shares. This company is on the fringe and way to risky for that to happen. It would make more sense that the venture capitalists sees something in the business plan. We are at these low levels because the mother store in Florida closed it doors. We have no energy in the stock. Hopefully we will start to see more positives.
Revenue has gone down dramatically over the last year from over 2.5 million to around 250,000. Can anyone tell me why? I use to be an investor and sold when the stock went crazy a few years back. Thanks
OTC Filing:
NOTE 7 – ACQUIRED SUBSIDIARIES
On January 1, 2016, the Company took over operations of a family restaurant in Broken Arrow, Oklahoma for an investment of $200,000 from the prior owner. Full Moon Café is a well-known local restaurant with a solid reputation for American food and entertainment. Escrow was closed on the purchase of the company stock of the restaurant occurred on February 17, 2016.
On March 18, 2016, the Company purchased the stock of another Tulsa, Oklahoma restaurant renaming it the Sooner Bread Company. The restaurant is well known for family and take out dining. Of note is that all of the dough used in the operation’s menu fare is made in house. The purchase price of the restaurant totaled $172,022
It also states that none of the officers in GRLT is under investigation from federal or state entities. I would like to see proof of the postings of late.
The reason the stock is beaten down is the flagship store closed but the Texas store is still open and other good things are happening.
This stock has already been beaten down from 5.00 to what it's now. This is because the main store in Miami closed. The store in Texas is doing well and more franchises are planned to open. The new loan is very positive imho. I think we need to give this company time to execute. Lets see what happens. http://www.grillitinc.com/
Can you please define toxic lender? Why would a legitimate capital company give them a line of credit if there wasn't anything to execute?
I don't agree. 5 million is a lot of money to play with when the stock has been tanking for a long time. It's time to turn around the ship and implement a new business plan.
I don't agree at all. The 5 million is positive. Even if it was from one of their grandmothers. The stock price is too low and the volume is to low to dump that many shares at this price. Who is buying. I think we see a huge turn around in the company and that the new owners continue with expansion plans. To me the money is only a positive. The stock should move up from here.
I hope we start seeing pictures of working locations and locations that are being remodeled. GRLT needs lots of highly motivated staff to carry this out. I wonder if the "lender" is watching over the expansions. I can't imagine that they would give out 700k without some good will or oversight.
Expansion Plans
If a Venture company is giving GRLT a 5 million line of credit there must be something there. This is not a toxic loan but much needed capital to help with expansion plans. Things are looking up.
Healthy & Tasty Brands Corporation Closes on $5 Million Line of Credit
Jun 29 16
Healthy & Tasty Brands Corporation announced that it has closed on a $5,000,000 revolving credit facility with TCA Global Credit Master Fund, LP. The Company received the initial tranche of $700,000 on June 16, 2016 and upon consent of the lender may draw down additional amounts on the same terms. The Company plans to use the line of credit to carry out its expansion strategy by funding the acquisition of restaurants, retrofit existing restaurants and build out new locations, and to fund marketing/branding campaigns. The Company has four existing restaurant locations to date and is using the draw down for initial capital requirements for acquisition, pay down of debit, and retrofit of the first restaurant locations.
I think there is a chance they can right this boat and we can see nice returns. Time will tell.
I've seen stocks knocked down more than this and recover to make investors very wealthy.
I believe the ticker was sold and all new people own this ticker and they own several restaurants. I think investors may be pleasantly surprised. Time will tell.
We should see updates soon. The restructuring is underway.
4 billion shares at the current share amount. Not a market cap of 4 billion.
They are restructuring. The ticker and stock was sold and hopefully they new owners will start showing income. There is a lot of dilution which isn't good but I've seen stock with 4b shares that went from under a penny to a dollar so you never know
I don't know for sure but from what I can gather the new owners will have several restaurants pulling in revenue. It's a shame that they diluted this stock so much but you never know.
Sooner Bread Company looks good. I hope we can bring this ticker back to life.
Good question
I like the new menu at Sooner Bread company and I like their commitment to making everything fresh. Let hope that we can get some good revenue numbers and push this stock to a dime.
News from March 22nd
BROKEN ARROW, Oklahoma, March 22, 2016 /PRNewswire/ --
Healthy & Tasty Brands Corporation (dba "GRLT" or the "Company") (GRLT) today C. Keith Wilkerson II, CEO of Healthy & Tasty Brands Corporation, is pleased to announce that the Company is acquiring Bellacino's Pizza & Grinders of Tulsa, Oklahoma.
Mr. Wilkerson stated, "We are pleased to announce that GRLT has executed a Purchase Agreement that has provided for the immediate operational take-over of Bellacino's Pizza & Grinders of Tulsa. It is our plan that this restaurant will have a menu change and will be renamed "SOONER BREAD COMPANY", effective as of March 23, 2016."
This is the second "operational" restaurant to be added to GRLT since February 18, 2016, the date when Mr. Wilkerson became the CEO of the Company. The first restaurant to be added was Full Moon Café of Broken Arrow, Oklahoma.
The new CEO, Mr. Wilkerson, stated, "Based on the latest year-end financials, the combined revenues of these two restaurants is slightly over $2 Million per year, which I believe will increase substantially with aggressive marketing and menu changes that represent GRLT's commitment to serve quality healthy food.
Mr. Wilkerson added, "It is our expectation that GRLT can achieve rapid revenue growth through further acquisitions of solid revenue producing restaurants in the future. As further acquisitions occur, they will be announced to our shareholders." Less
Please post a link
I used to be an investor and sold half at .73 and the other half at .50. It's been a while since I checked in. I noticed this stock if off the greys so that is very positive. I was also wondering if all the lawsuits have been settled? Thanks
I remember when Priceline went to 1.28 a share and now look at the stock price. GRLT needs buyer's and volume. Trading is very light. Once the buying starts this stock could break out very quickly.
I don't know but seriously the concept is a multi-million dollar idea. Gillit's menu is genious. It's exactly what the public wants. We just need good management to start opening restaurants and keeping them open. We had a lot of momentum but I guess they were selling to anyone who wanted a franchise. You can't do that because if the new restaurant's go under it makes the company look bad. I know if I opened one of their restaurants in my area it would be a smash hit. There is nothing like this is excistense. They just need to execute. Even with such a large float we could get this to penny land again. 10 cents would be a great target. I heard they are only opening company owned stores.
As long as they are moving. These penny stocks can linger in triple zeros for years and then one day they make a huge run. Lets just hope the run isn't into the ground.
This was a 5.00 stock at one time. We need Taco Bell or McDonalds to buy us out. My last penny stock hit .75 you never know. Usually every few years a stock like this will get killed and then make a run. With the right management a store could probably pull in 2 million easy. Patience.
I've seen penny stocks re-bound to crazy numbers. You just never know.
I guess you'll be an owner of two companies that don't make money instead of one.
We need Chipolte to buy us out and get the stock price up. I've seen penny stocks like this take off. Only time will tell. I bought one stock that was less than a penny and it went to 75 cents. It was only there for a few days and I sold at the right time. It helped pay for my C7. Let hope we get luck here too.
50 Million shares sold today and the ask doubled. That is a good sign.
Great News Yesterday. This could be a turning point for this company:
As a consequence of this transition, CEO Henry L. Klein has released his position with GRLT. Mr. C. Keith Wilkerson II, CEO of Opus Properties Corp. is now the Chairman, CEO and Corporate Secretary of GRLT.
Opus Properties Corp, an Oklahoma corporation, with offices in Broken Arrow, OK, has already merged its first Mexican brand restaurant, the Full Moon Café in Broken Arrow, into the Company, with average yearly sales of $1.25 million for the past three years and a track record of profitability.
I have about 12 million shares. Can we go back in time when this pig was at 5.00 a share. That is about 60 million. Where is that time machine when you need it. I really think the concept is amazing. The good thing is that there are working stores.