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That was my trade. I just wanted to make sure that this stock was still trading. It looks like the selling has stopped.
What are you trying to say. I don't understand.
One thing I know for sure the Grillit concept is spectacular. It's like a Chipolte on steroids. Grillit has a much better variety of food and the food is very good. The people running this would have made more money scaling the business. This should be a dollar stock not a sub penny stock. I've seen stocks like this go much higher but the ship has to be on a clear path to growth. Dilution of the stock didn't help either.
Great concept poor execution. Maybe the new guy can turn around the ship. This company does some shady things. For one that listed stores that had closed on their website. Not cool. They do have a store in Miami, That I know for sure. Diluting the stock was a bad idea especially since the stock was actually making a move upwards. The market makers must be cleaning up with such a huge spread. Time will tell. I have to decide to sell this and take a loss on my taxes or hold and see. I made a lot of money in penny stocks and got too cocky with this one. I still only lost a third of what I made so it's house money but still....
This stock use to have a low float with some promise. What is the authorized shares? I was hoping for a penny. This use to be a 6.00 stock. With some management and a game plan this company could really do something big. They have a unique offering of food which is fresh and healthy. Look at the crap they serve at Panera. Soup and chicken from a bag and people can't get enough of it. They created a nice atmosphere for people to come and eat. However, their food is low quality and lots of it is processed. Grillit is all fresh.
This stocks seems at to follow any rules.
One is a DVD and one is a drug that is illegal with the federal government. It's going to be a really long time before vending machines are seen outside a dispensary. What was the revenue for last year. That tells the story.
When I was in WA state I went into a dispensary. It was pretty empty, just my wife and myself. They have huge display cases with everything for sale. My point being it was a very visual experience. You could also ask to smell the bud, hash, dabs, etc. that was for sale. That said why would anyone buy from a vending machine when they could see and smell what they are buying? A vending machine works best in locations where you wouldn't normally find these items. However, for now they are not allowed in any other place but a dispensary. It's kind of like going into a beverage store and buying your soda from a vending machine while the soda you want and many others are sitting right there on the shelf.
Yikes! This is one crazy stock.
Lets see how the new guy does. This is good news.
GRLT needs to open 5 locations this year and keep them open. If they can do that this stock could easily hit .50
They should get a better PR firm too. I still love the concept of the restaurant and food.
4 more days like today and we will be at zero. Go grillit.
Maybe. I don't think we can go past zero!
There were a ton of pics on FB several months ago. The building inside has white walls like a hospital with a vault, security system some grow lights, fans, etc. It didn't look ready to go but they weren't claiming it was at the time. Not sure why you want to see inside anyway. If there isn't a license it doesn't matter unless you're trying to prove some type of shady dealings.
Just because companies don't file doesn't means they can lie. They would be fraud and a ticker could be halted.
Looks like the volume has dried up. Maybe the selling is about to end. Who knows.
If they were smart they would grow hemp and extract CBD's. Hemp has no THC so I can't imagine the town being against this but I think they need to go through HC for a license which would probably be a waste of time. I would guess they will sell off everything that they can and then the facility would be rented for whoever wants a prison like facility. What a waste.
Anyone that shorts at these levels is playing a high risk game. This stock can bounce 40% in a day.
It has been selling off like it's going belly up. I took a bath on this one. I hope by some miracle they make a turn around. They open locations and then they go out of business. No news which makes me think there isn't a PR firm. Maybe there is. I still like the concept and the CEO has lots of experience. This company is very disappointing. No news, nothing which would help to keep people stay invested in the stock. I can afford to take a licking but it sure sucks. There are two things that make me want to hire an attorney. 1. They have locations listed on the website that have closed. These should be removed since it's very misleading to investors. I also called the main store and they told me that these store were open. That is fraud. Not cool. Still deciding if I want to start something.
Why the huge selloff? Yikes!
I agree that there were many outrageous claims but the town knew of many of these outrageous claims when they were holding socials, taking pics together and shaking hands.
How would I see it when nothing is made public. In all fairness there were many pics posted on FB that I guess you didn't see. I saw a vault, a few grow lights, a security system, etc. There was definitely, some systems in place in that building. I would also think that after all the money they spent they would have wanted to get the license to get the PPS up. They would have made millions more if they went to completion. I think the town had something to do with the rejection. If they failed because of the failure to complete the required parameters of the building then they should have failed and it should have been made public. The town got scared by a few residents and their attorneys and what some people were sending them about CEN. Now the town is stuck with an empty building that will sit and rot. Wouldn't make more sense to create a new industry in your town. I think property values would have increased dramatically. I guess we'll never know.
I'm not defending this company because it's run by well you know....Anyway, if they did say something off colored they should have been fined. Good god it make no sense that anyone can spend millions of dollars and be rejected for no apparent reason. Yes, things were said, etc. but the application process is flawed. Charge like 20k for an application that will weed out all the non-viable companies. Do the background checks, check zoning, liquid assets, building site, etc. Let the company build out and give them 3 or 4 tries to pass inspection. After a failure the next inspection is delayed even longer. My point is that once everything checks out the building should go up and that should be it.
That is all conjecture. There is no transparency so none of us no this to be true.
Even the big guys lie. As long as they didn't lie to HC they should have gotten a license. In any event there should be some public reason for the refusal. A lot of innocent people were hurt.
The rules need revamping. Totally crazy. You can spend millions and then have nothing to show for it. If a company gets approval then they should be given a certain amount of time to break ground and get everything up and going. Period. Not you build it and then we decide. How would you like one of the prisons, the HC wants companies to build, to be abandoned in your town. It doesn't make sense to me on any level. Lets waste people's money because we can. If a company is turned down then they could potentially use that money to invest in another endeavor that will create jobs.
Approval for the license should be where a company applies. HC does the background checks, checks for liquidity, town compliance, etc. Once this is in effect the applicant should have X amount of time to build the facility and then three attempts to pass inspection. I think it's crazy that you can get an approval, put up a building and then be denied for any old reason. I personally think this is one of the worst run companies but I really think that HC needs to re-think how they do things.
Why follow a turd? Just wondering
Great idea. Everyone loves burgers and fries but we know that this is not the healthiest food combo. McDonalds had a burger with kelp in it that was really good with much lower fat content. I would love to see backed fries. I do this all the time. They are much healthier and taste great. Americans want to eat healthier that is why GRLT can be huge if they get it together.
What is market cap. Starting to hate this stock.
Can you please provide examples of how this is a scam company. Also, are you long or short this stock?
Where is your proof besides the sell off.
Very low volume. Lets hope the selling is done for now and that we can start building and going forward. Grillit is still working the kinks out of their concept. They will get there. We have made several key alliances that can only help us bring locations online. They need to get strict with monies in reserve. Most businesses go out of business the first year due to lack of funds. I really believe in the concept and the food is delicious. I still believe that we will see a huge runup in the near future to .10 cents or more. Only time will tell.
I don't have time to do your DD but FITX is one example off the top of my head. This tock rebounded to 11 cents. There are many stocks that have been beaten down and gone on to huge recoveries. Most of them fall really fast after their big run-ups. Phot, Vape, ERBB, the list is very long. These stocks were below a penny at times and went on to huge gains. VAPE was a 40 stock at one time. The key to penny stocks is to find several that you think will run and don't put all your eggs in one basket. Then just sit back and wait for the run up. Sometimes these runups come once every three years or never. You just need one to make serious cash. I bought PHOT at 3 cents and sold it at 70 cents. I think GRLT will have another big run. I want to be holding it when this happens. I'm also prepared to lose every dime. It's gambling and not for everyone.
Most of the pot stocks. I made a killing on them.
That is pretty funny. This stock has been beaten down for sure. I've seen many cases where a stock goes to triple zeros and then will bounce back to 30 cents or more. You never know. Only time will tell. GRLT needs to open up more locations and keep them open. They need to only sell to people who have the funds for the long haul. Grillit is a great concept. With a little momentum a desperate McDonalds could buy them out. McDonalds is seen as very unhealthy and for making America fat. Owning Grillit would make a lot of sense. Time will tell.
There are three locations and they have letters or intent to open more:
AIRPARK PLAZA - (MIAMI)
5799 NW 7TH STREET
MIAMI FL, 33126
TEL: 305-264-7600
NASHVILLE, TN
555 CHURCH STREET
NASHVILLE, TN, 37219
TEL: 615-248-45000
ELIZABETHTOWN, KY
(NOW OPEN)
2018 N. MULBERRU STREET
ELIZABETHTOWN, KY 42701
TEL: 270-234-0052
It hurts if you bought this when it was way overvalued. I feel your pain. Average down.
Where is your proof? I can't find any association with the people you mentioned and GRLT.
It was nice that we stayed positive today. The stock has been moving sideways for the last three months in a coiled pattern. This is bullish. I don't want to trade this stock because of the capital gains that I would have to pay. If I can go a year holding it that would reduce my tax bill greatly if I decide to sell some and hopefully take a profit. I strongly believe that this stock will have a huge run to .50 cents or more.