Grillit Inc (GRLT)

[traderfjp]

Ghazi was the CEO. Unless he bought those right it would be held by the company. It makes no sense that the company the guy works for sells him the rights to the concept. And for what compensation? I don't ever remember seeing that press release. Love to see it. Also, the type of toxic debt you are talking about it an equity investment. When the Miami restaurant was up and running they might have been able to secure such a loan. However, there was a 2nd attempt to buy several other restaurants after the Grillit mother store went under. I find it hard to believe any venture capitalist would have given out a loan to a company with a depressed stock price and no assets. Makes no sense. Has anyone filed charges against he officers of GRLT. Were they outright criminal or just stupid?