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Tuesday, December 23, 2025 10:41:51 AM
My most successful seven-figure investments were in companies bought out under circumstances similar to GRLT, even when they had incomplete financials or deeper issues—often worse than those Mr. T is highlighting here.
A play I enjoyed had more than a decade of lost records, which the new team was unable to recover. It took almost two-years and two CPA firms before the company could finally present FRINA with audited financial statements. All while the stock was publicly traded.
An important aspect to consider is the connection between the former CEO, whom Mr. T disfavors, and GRLT's financial performance. In most cases I have observed, shell companies were acquired with management transferring control and offering minimal further involvement.
That’s not the case here. If you’re skeptical, simply check the most recent Q filing to see how many common shares the former CEO currently holds and has for some time. Meaning he understands the importance of working with the current team with ALL financial records an prior legal sins to his financial success. A smart play by Johnney that's not discussed here.
A common error made in this community is relying solely on individuals who simply recite SEC regulations and assert that a particular action is not possible.
One aspect I admire in successful GP’s is their capacity to overcome challenges. They approach situations with a solution-oriented mindset, encouraging others not to focus on obstacles, but rather to identify ways to achieve the desired outcome. Meaning they walk into a meeting with a; Don't tell me it can't be done, tell me how to get it done!
As a GP who has developed and managed commercial projects for over 40-years I have a hands-on knowledge of what Johnney and his team is pulling together and I'm not selling stock here to chase some other shinny OTC that is being pumped. Which is some of what we are currently seeing here.
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