Grillit, Inc. (GRLT)

[bluediamonds500]

Rejoice! Klein no longer CEO of GRLT


Here is his farewell message:

This is in response to at least the following recent accusations possibly aimed at my efforts as CEO to bring this company back to life, but far too venomous to allow to pend in mid-air unanswered:

"This is the biggest scam. He has not followed through with anything" [omitted]

"How do we go about escalating this to higher authorities?" [omitted]

1. The "scam", of course, occurred long before I endeavored to revive the company. The rampant issue of "death spiral" convertible shares and debentures has diluted the common shareholders to the level of .0001, although that black cloud has diminished and should be close to disappearing. Litigation over that cancer in the penny-stock world by the SEC is increasing and may soon begin to show results. The SEC is well-aware of the damage by these predatory lenders specifically as to Healthy & Tasty Brands thanks to my efforts and my "follow through" with regulators. I can say no more on that subject, but keep an eye on what I do in that aspect of the legal world.

2. To date, your CEO has not been paid for the efforts made and the approximate $40,000 spent on keeping the Miami restaurant open, holding a Special Shareholders' Meeting and dealing with doomsayers. Things are changing, however, and for the better. To date, efforts to make things happen have been hampered by accusations such as the above, published in InvestorHub without recourse against the irresponsible venom spewed.

3. For good reasons, including the need for a fresh start with a new CEO, control in the Company has been transferred to an Oklahoma entity which has already merged one restaurant with $1.25 million in revenues into the company, with several more on the near horizon. Prior announcements regarding agreements reached with other Oklahoma restaurant owners, although accurate, could not be completed because due diligence uncovered hidden debt (which is what due diligence is supposed to do).

4. A press release will come out in the next several days on these issues, but as shareholders, you are entitled to the information now. The frustration by some shareholders about the lack of news is understandable, but could not be avoided until final steps were taken to hopefully strengthen the company's fiscal condition.

5. "Escalating this to higher authorities" is a curious question with an empty place to go. The regulators (authorities) have woefully failed to regulate the conduct which caused this company to reach this level of fiscal demise. SEC and Finra are the real reasons why Bernie Madoff did what he did. Litigation against the same defendants recently sued in Florida, raising the same issues I raised months ago may be the right thing to do, except that the judicial system is hardly efficient.

6. Because of some health reasons and an increased demand for my legal services (including the need to bring the death-spiral industry down), I will no longer be the Man of La Mancha for Healthy & Tasty Brands Corporation. I leave a better place than what I found six months ago and wish all shareholders the best of fortunes with some sense that in the long run, my efforts to fight against death spiral predators will make this world a better place.

Good bye. Let any others know.

Henry L. Klein