Giggles N'''''''' Hugs Inc. (fka GIGL)

[Gator328]

Joey just doesn't come across as a very good CEO. He's a pitch man. Nothing more.

I invested in Giggles despite this because the idea is solid, and there are other competent executives underneath him.

But as far as CEOs go, he's nothing remarkable. A good CEO would have known better than to resort to toxic financing, especially with a business model that supposedly sells itself -- there should be no reason why this company isn't flush with cash other than poor decisions early on from an inexperienced leader.

Even his finance resume isn't all that impressive. Our CEO has a community college degree (Santa Monica College). I'm sorry, but Wall Street doesn't hire Community College grads to run major portfolios. His resume sounds impressive to those who haven't worked on Wall Street -- but at the end of the day, Parsi's nothing more than a guy who came up with a great idea.

Giggles will be fine...but it would do a LOT better if Parsi would step down and let a real CEO take over.