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%)
Volume: 15,300
Open: 0.27
High: 0.27
Low: 0.26
Authorized: 200,000,000
Issued and Outstanding: 8,252,502
Float: 477,502
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.
Last 5 Trading Sessions:
| Date | Last | Change | Volume | |
| 07/26/13 | 0.2700 | +0.0100 | +3.85% | 15,300 |
| 07/25/13 | 0.2600 | -0.0900 | -25.71% | 10,800 |
| 07/24/13 | 0.3500 | +0.1000 | +40.00% | 7,500 |
| 07/23/13 | 0.2500 | -0.1000 | -28.57% | 19,300 |
| 07/22/13 | 0.3500 | +0.1260 | +56.25% | 400 |
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Bottom Line:
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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