Grillit, Inc. (GRLT)

[traderfjp]

I thought Ghazi was brought on to run the company and was the ceo. I don't remember any press release(s) stating that any of the GRLT intellectual property was handed over to him. Do you have a link or press release that states Ghazi took control of the Grillit concept. I see no reason why the company would do that. Also, you use the term toxic lender. The loans are only toxic to the lender if they don't get paid. Toxic debt refers to loans and other types of debt that have a low chance of being repaid with interest. Toxic debt is toxic to the person or institution that lent the money and should be receiving the payments with interest. The second major element that makes a debt toxic is insufficient collateral. An investor purchased the loan, which was supposed to be safe from default, only to find the borrower could not repay. The investor, typically a bank or mortgage company, forecloses on the property. The value of the property has gone down to a point where it can no longer be sold to cover the loss.

Why hasn't these toxic "lenders" force GRLT into bankruptcy and have the court sell any assets that the company has such as the ticker. If the owners did get financing they may have put up their own private assets which was lost in this debacle. Lots of things don't add up but this stock is not where it is because of toxic lenders. It was poor management and perhaps a pump and dump. If these guys are as bad as you say and they may well be why have they not been indicted or sued by some of these lenders. Like I said there is a lot missing from the picture. As long as the lights are on there is hope. I remember PHOT. I bought at .03 sold a bunch at 72 and a bunch at .55. That company went to the grays and was being sued by every person under the sun. They restructured and are trading millions of shares a day and even hit. .04 they other day. Never say die until the lights go out.