Grillit, Inc. (GRLT)

[MikeyInTheD]

There is not a new “owner” of the company. It remains the same publicly traded company with ticker symbol GRLT. There is a new CEO in place running the company. He is working to get current with financials and working directly with the lenders to refinances or forgive the outstanding debt. This will allow the company to start fresh and rebuild the franchise model that was successful for several years before the prior CEO’s ran the company into the ground financially with other operations unrelated to the Grill-it franchise. The company is looking at significant costs to get the company current with financials and paying debts to State agencies and other creditors. I believe the turnaround has just started and plan to hold the shares for several years. Consider buying more shares if you’re holding as a much high price - this will help bring your cost average down significantly and you will benefit more from the coming share price increase. I can’t make up for past mistakes the company made but from here and now there is a lot of money to be made investing in GRLT.