Very well said. I totally agree with everything you wrote. Time will tell if this Mitchell fellow follows through and can get the financing to revive the Grill-it concept which was spectacular yet miserably executed. I can't think of one restaurant that even comes close to the offerings from the Grill-it menu.
One thing that always surprised me is how little the big chains give credit to the average American consumer. They hire cooks not chefs. If a typical Friday's is doing 2-4 million a year per location, why not hire a new chef out of school to make sure the food is executed properly and not just cooked and thrown on a plate. There is too much poorly crafted food in the restaurant space. The recipe for success is not that difficult.
1. Negotiate an affordable lease 2. Create atmosphere in the restaurant 3. Excellent service 4. Excellent food 5. Fair prices 6. Keep the restaurant clean 7, Know how to buy product 8. Do 12 items right instead of 24 half ass. 9. Hire good management to do quality control and to create an experience for the diner.
Wilkerson was just a change in the front man as I exposed the real person in control as Ronald Blackburn a proven fraudster when Clown lawyer Henry Klein was CEO.
If there is any truth to the "new" CEO Greg Mitchell he is likely just a new front man as Wilkerson has worn out his stay and proved himself a liar, conman and an associate of Ron Blackburn and Clown lawyer Henry Klein.
What these GRLT crooks want to steal is investor money by selling them worthless GRLT shares by way of fraud. The toxic lenders and insiders stuck with shares have a real interest in unloading them.
Financial Statements? GRLT filed a 15-12D 03/29/2013 and went dark. GRLT is no longer an SEC registrant, GRLT can only "file" disclosure statements with OTCMarkets.
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Buyer Beware Ron Blackburn Scam toxic death spiral convertibles up the yang