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Re: DeltaWarrior post# 18348

Saturday, 04/29/2017 1:18:05 PM

Saturday, April 29, 2017 1:18:05 PM

Post# of 43557
GIGL: Thanks Thoth as always Great Factual DD you provide here for us my friend!

Posted by Thoth:
Re: Snizzle Post# 18324
The company is in default with St George because we are at a disagreement, just see the statement from the 10-k below. . In fact, our company revs/sales/exposure continues to grow year over year. We make it very clear that we believe the St George claims lack merit and we retained proper counsel wink .

Also, let's keep things n perspective here as we only owed them:

Quote:
During the fiscal year ended January 1, 2017, the Holder converted $81,300 of debt into 9,261,973 shares of Common Stock. In addition, the Company paid $20,841 of the principal balance. The balance outstanding as of January 1, 2017 was $183,359 plus $3,981 of accrued interest, and is past its maturity date of September 15, 2016. <--- Not as if that little amount of cash will have a drastic effect on the $GIGL pps. St George is practically irrelevant, this is a SHORT attack on $GIGLs pps, PERIOD


Quote:
ITEM 3. LEGAL PROCEEDINGS

St. George Investments, LLC v Giggles N’ Hugs


On March 23, 2017, St. George Investments, LLC ("St. George") served an arbitration demand and summons claiming that the Company had breached its obligations under a convertible note by preventing St. George from converting the remaining balance of the note to common stock. The parties disagree as to the conversion price set in the note agreement due to execution by the parties of different versions of the document. St. George has claimed for additional damages. We believe these claims lack merit and have retained counsel to vigorously defend this action and present cross claims for mistake, rescission, breach of the covenant of good faith and fair dealing and unjust enrichment (See Note 6).

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11997236



Also, we had $145k on hands per last report (see below), we aren't worried about lil ole St George, sorry not sorry wink






Replies:
Great Posts on Facts and St George
crazy horse 0 on 4/29/2017 11:39:46 AM



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