GRLT
As I understand it….. this is where things stand at this point in time.
I believe the Wilkersons voted Greg Mitchell in as CEO and signed over all their ‘controlling’ shares to him. What that is worth I do not know, because the reality of the situation is this:
Ya’ll remember the line of credit TCA Global issued to GRLT right?
GRLT under the Wilkersons control defaulted on the loan in less than two months time. So TCA Global is the Sr. Debt holder. When GRLT defaulted on the 700K note, that means TCA may just in fact have control of the company. Given the mess the company is in, they may not want to do anything with it. Greg Mitchell is not a fool and will not spend good money to issue a PR that could come back to bite him. This is a tiny company that never got the proper management vision for the company. It would be wrong for Greg to publically and officially state that he is the CEO if we later come to find out that TCA is in control…. If Greg were to make a public official announcement at this time he could be sued. There will be no PR from Greg until he knows exactly where things stand, and what the future holds for GRLT. It could turn out to be that TCA does in fact hold that control. At this time, it is not clear. And there will be no public official PR until it is perfectly clear.
As I understand it….
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