Grillit Inc (GRLT)

[tdbowieknife]

GRLT no longer owns the "Grillit" concept. That went back to Ganzi who is now dead. Though I believe that concept is flawed in that they didn't provide any support with supplying the restaurants with the ingredients for the many menu items. It would take way to much money, time and effort for each franchisee to source that for themselves. I heard complaints of inconsistency and unavailability over and over.

I believe a better way to start this would be without the public and with a few private investors/owners to start with say, 6 or 8 in a large metropolitan area. That would be more efficient and cost effective with a central office doing the buying locally. And if successful, to then move on city by city and think about going public to expand once established with a foothold in a couple areas.

Oh... And this would all add legitimacy as would the public company being SEC reporting. Not some dark, non-transparent and scamy bullshit we have seen with GRLT. The only way GRLT can get financing now is with toxic lenders. The total current debt unknown, and the A/S bloated.


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