There are much cleaner "shells" out there than GRLT. And it doesn't cost that much more to file an S-1 with the SEC. Much of what Johnney needs to do for that; he STILL needs to do for GRLT anyway... Like drafting all the legal disclosures, risk factors, corporate governance and 2 years of audited financials. SEC fees are minor.
The likely issue here is doing audited financials. Johnney claiming he's got all this money and being legit and all, yet he hooks up with a decade long serial scam?? The history of GRLT will always be there and it won't be hard to find. Name changes and ticker changes are always noted. There is a 700,000.00-note attached to this. The debt holder is currently in court and under receivership that is looking to collect their loans. Plus, all the other debt. That alone could be over 1 million bucks. And then all the fraud baggage. GRLT could end up costing them much more money, and much aggravation with the fraud baggage, than filing an S-1.
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Buyer Beware Social Media Promoted Frontload Pump and Dump Share Selling Scam
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