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

[Gator328]

Sub-penny, maybe. I put the odds around 30%.

I also agree this should not be a public company. Even with three locations. Joey needed cash, and he figured the capital markets were an easy way to get the funding he needed to continue operations. And then when that money ran out, he learned a valuable lesson about toxic financing.

I think at some point there might be a private equity firm that comes in and makes an offer to take the company private, sort of like what happened to Chuck e Cheese. Ideally that happens much later, but everyone has a price.

If Joey can show promising growth across several locations, I can see him being approached with an offer to buy the company for $250M.

I can also see a potential hostile takeover scenario, where shareholders themselves are directly offered a tender.

If someone came in tomorrow and offered .12 for your shares, would you sell?

70M would be enough to take control of the company, assuming there aren't any preferred shares or poison pill provisions.

70M x .12 = $8.4M. Now, I wouldn't pay $8.4M for an imitable concept and only two locations -- but I can see why someone might if they have the ability to expand the concept quickly.