Thursday, August 23, 2018 1:17:51 PM
Manipulation takes place with almost every penny stock - that’s why they trade otc and with bloated share structures and in the sub-penny price range. Management teams are either corrupt or inept most fo the time. At the same time, these companies do not have the revenue to support themselves and must finance losses with toxic debt and share issuances. GRLT fell into this category but I believe with the right management team we could regain some value with a relaunch of the original Grill-it concept that was moderately successful for a period of time.
I am holding all of my shares and will continue to believe in Mr Mitchell’s ability and desire to turn things around and create value for GRLT shareholders. At this point you are buying into Mr. Mitchell’s business skills since there is nothing left within the company itself worth any value as it stands right now. The rights to the Grill-it concept and ticker do hold some value to the right buyer.
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