Are you hungry to go into August with a penny stock which could triple or better from Friday’s closing price? Look no further than GRILLiT, Inc. (GRLT), a franchise focused on the fast-casual dining experience with fresh, nutritious home-style cooking. Having added some top notch management to their crew and just recently closing a deal for $3 million in financing with TCA Global Credit Master Fund, the float is so small on GRLT stock that traders without reservations may have to wait quite a while to get a seat at this table.
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GRLT Stock Quote
Market Cap: 2.15M
Friday Close: 0.27 ▲ +0.01 (+3.85%)
Issued and Outstanding: 8,252,502
14-Day Rel Strength: 44.12%
1st Resistance Point: 0.2733
2nd Resistance Point: 0.2767
1st Support Level: 0.2633
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If you look at the chart for GrilliT’s GRLT stock, you might say to yourself that it doesn’t look very appetizing, even if it appears to be trading at a “buy 1, get 3” type of price level. However, if you were following this on Friday, you would have seen a mouth-watering level 2 that looked better than a 50oz porterhouse with all the trimmings.
GrilliT only recently opened its 1st location in Miami, Florida which was designed to allow customers to indulge in chef-inspired, custom crafted rice bowls, pasta and wraps as well as salads. The reception went so well that , in May of this year, the company opened its 2nd in Pembroke Pines, Florida and has plans for at least 58 franchised locations across 8 states over the next 5 years, 21 of which will be corporate owned.
In order to make that happen, GRILLiT appointed Ghazi Hajj, a recognized leader in the fast-casual and quick service restaurant and franchising industry, as their CEO last week. With a successful history in the industry which began in 1984 and grew to 36 Little Caesars stores in S.E. Ohio and South Florida and eventually lead to a decade long tenure as, among other positions, Regional Operations Director and Vice President of Franchise Support for Quiznos, Hajj most recently was the Head of Operations, Design & Distributions for Salad Creations Corporate.
But can GRILLiT actually make any money? Prior to acquiring Healthy & Tasty Ventures, LLC in April, the Company reported Q1 sales for the 3 months ended of $209,006 from their one location in Miami. Gross profit was an amazing $133,045, 63.7%.
With TCA Global now involved as their financiers and $250,000 of the $3 million already drawn down on, anticipating a drop in the price of GRLT is a knee-jerk reaction for obvious reasons. However, when looking at the share structure of GRLT stock, demand can easily outstrip supply on this within a few minutes when trading begins tomorrow making it all the more reason to book a reservation in advance.
About GRLT Stock
GRILLiT, Inc. is a development stage company focused on growing their Latin-Caribbean fusion restaurant concept that marries fast casual to nutritious and healthy food.
Click here to view the financial filings for GRLT.
Click here to view the website for GRILLiT.
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GRLT looks like its ready to open its doors to the public, a very limited public at that, a make its move to becoming the next best restaurant franchise. Anyone without this insanely low float of GRLT stock on their list of penny stocks to be watching pre-market should not be trading. A fat, juicy steak is starring you right in the face while you’re starving for a way to make the best gains in the shortest amount of time. If fast-casual doesn’t work, I don’t know what will.
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