* Grillit Inc.
* Grillit Inc.
Recently got the following e-mail…from MNH.
Hey Jeff,
Have you ever heard of this new Miami based fast food grilled chicken/meat restaurant Grillit which has a few locations? It is a public company GRLT around $1.58 and recently got a brand new CEO who seems to have awesome credentials to really build this one into a huge chain? Would appreciate your thoughts on the chain’s potential and its stock. Here’s a blurb from a recent pr release. “GRILLiT (GRLT) is a growing Latin-Caribbean fusion restaurant concept that marries fast casual to nutritious and healthy food. The company opened its first location in Miami in 2011 and specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads. GRILLiT utilizes domestic growers and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and Angus beef. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design. For more information, visit http://www.grillitinc.com.” Thanks MNH.
*****
MNH,
Took a quick look at GRLiT…personally, I wouldn’t buy the stock. Too undercapitalized for Jeff Eats. Too many big-players who can do the same-thing. As for its food, can’t comment because I haven’t tried the joint.
jeff, you are being very kind. the new ceo’s credentials don’t look all that impressive to me. the company has very little capital.
MNH:
This was a shell company. It was 11 cents a few months ago. It got up to almost $6. Don’t be a sucker. Not a chance for this stock. Just some guys playing the public. I see they got a credit line of $3 million. That’s nothing in the competitive fast food industry. As for the new CEO all puff titles. Nothing really there.
klemp, you got it just about right. a suckers game.
SCAM
Stay away
it’ll be out of business in a year
I wouldn’t touch this stock with a ten foot pole. Looks like a scammerooo.
Now 42 cents.
now 16 cents. a scam.