Grillit Inc (GRLT)

[kentonmag1]

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.