Grillit Inc (GRLT)

[traderfjp]

The truth is that no one knows what is brewing, if anything. As long as the ticker is active there is hope. The ticker is an asset as is the concept of fresh, fast casual food. The company did have one very successful restaurant in Miami. I felt the whole concept was and is brilliant. There are many great reviews on Yelp and FB. That is a fact. I don't know the full story but my thinking is that the Grillit concepts was probably started by hard working investors who understood the business. At some point management must have changed and then things began to unfold or the business was sold. The company was basically giving away franchises at one point that is when I knew things were troubling. GRLT needed better management and consistent leadership. The name, ticker and concept is very much relevant. I live in the east and in my area that are no such restaurants. If one was to open with a great chef, and proper management the concept would be very successful. Investors felt prey to the notion that they would open a franchise with an up and growing company. Almost like a young Chipolte or Starbucks and then there wasn't any support.

I could see some rich dude who loves the concept take the helm and get things going again. Way stranger things have happened. Debtors would rather hold on for some of their money back then lose it all. If Grillit could clean up its books and start reporting we would be on our way. 10m in finds would be a good starting point.