Management is trying to steel the company at $7 per share. They own over 60% of the company already so they may be able to pull it off.
GRLL owns its own restaurants and they alone are worth much more than the $7 buyout price. The company has a low PE (under 10) and an even better price / cash flow.
They are growing rapidly and have recently anounced partnerships in Asia, South America and Europe.
The company last traded around $5 and is so undervalued its pathetic, But then they are a real money making business and not a money losing dot com.
Any thoughts?
Good Luck Out There!
Brian |