Buyer Beware Warning! This company may not be making material information publicly available. Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
GRLT will make a comeback with better management and a more solid financial structure. Another restaurant company I follow that had been in default on loans and ceased operations years ago just today announced a deal with a hedge fund to payoff debt and infuse business with much needed capital. Same thing could happen here - Greg has some great connections in the financial sector.