{"id":2375,"date":"2013-08-24T14:13:47","date_gmt":"2013-08-24T14:13:47","guid":{"rendered":"\/?p=2375"},"modified":"2013-08-24T14:14:27","modified_gmt":"2013-08-24T14:14:27","slug":"grillit-inc-otcmktsgrlt-exits-stage-slides-below-3","status":"publish","type":"post","link":"\/articles\/grillit-inc-otcmktsgrlt-exits-stage-slides-below-3\/","title":{"rendered":"GRILLiT, Inc. (OTCMKTS:GRLT) Exits Stage, Slides Below $3"},"content":{"rendered":"

The GRILLiT, Inc. (OTCMKTS:GRLT<\/a>) stock is making neat stairs downward, as it faces the end of the trading week on a downward note. GLRT stood at $2.94 after sliding down 6% on trading a bit above $480,000. With no new promotions since August 15th, it is natural to expect a retreat, but the question is whether this is the end of the promotion, or there may be a brief rebounce at what is perceived a bargain price. \"GRLT0823_New.png\" <\/p>\n

And with a bashing by Seeking Alpha, we may expect GRLT<\/a> to sink, faster or slower, as investors get out. For now, the promise of future restaurant revenues are a bit overinflated, and the locations are hard to find and underwhelming. But we mentioned several times that GRLT<\/a> was full of empty calories, and now the inevitable is starting to happen, the only question is how fast. But the initial price of 25 cents before the phenomenal 2500% run may be revisited again, if we rely on our past experience with overly promoted penny stocks. \"NROM0823.png\"<\/p>\n

Fridays are usually good days for offloading a stock that has grown tiresome. And GRLT<\/a> will grow tiresome long before it opens all of the restaurant chains, with such limited resources:<\/p>\n