37m shares @.29 = approximately $10.7m. Dividend shares are already issued so share count won't rise. They only become part of the public float which is only 1.6m now. I understand this is a roll of the dice, not a long term investment but how do you adjust the valuation when the numbers pretty much stay the same? IMO a few promising press releases can raise awareness and interest sending this stock higher short term. I don't see a sub-penny scenario anytime soon.
I agree with you, Grillit will be sub-penny very quickly. The 6 cent calculation was only based on the 30 cent price split into 5 on the day I wrote the response. Despite the promise of more restaurants and franchising during the last 18 months, it has done nothing, zip, diddly squat, zilch. It still however puts out bogus garbage once in a while to trap some gullible bag holders into it's web of deceit.
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