Chuck - have you ever thought that the GIGL Rights Offer, as proposed, will absolutely KILL this stock? It could literally take a year even with expansion to dig out of trips to get back to 2 cents if we balloon from 145M current o/s to say 390M because a rights offering went through at a penny and was moderately received.
The best option here (by far) is to have one or two people/groups load up at these ridiculously low prices. Give needed money to Parsi for expansion. Sit back and wait until he cancels the rights offering and watch PPS skyrocket and then wait until he announces 2-3 more locations 2 days after. Then PPS really goes crazy. They sell what they just amassed for a 5-7 bagger which makes their outlay to Joey well worth it. They would practically guarantee that they make a nice profit in a relatively short amount of time IMO.
See, in this theory THAT is key to make all of this happen - PPS WILL rise BIG TIME if dilution is avoided AND expansion news hits. Would you not agree?
Here's some math:
Investor #1 has been quietly amassing say 18M shares over the past 40 days at an avrg of .019 for a "side investment" costing him $342,000.
Investor #2 has been following GIGL for over 7 months now and already has 2M shares but accumulates another 13M at an overall avrg of 3 cents. She's frustrated that his investment is stuck and knows the only way out is to help get money to Joey to expand. More dilution would suck she says
Say, the investors decide to provide Joey with $1.5M each. PPS soon rises to 15 cents BECAUSE Joey gets to carry out his dream and RESULTS officially happen. Perhaps the 2 investors are first in line for franchisee rights as they cared enough to get him over the hump? That and free birthday parties for life.
At a PPS of 15 cents, Investor #1 makes 2.7M less 342k less the 1.5M he gave to Joey = a profit of $858K.
At a PPS of 15 cents, Investor #2 (with the higher cost basis) makes 2.25M less 450k less the 1.5M he gave to Joey = a profit of $300k.
See Chuck, if these 2 BIGGUNS don't step up they are guaranteed to breakeven at best and likely LOSE. I would argue PPS would blow past 15 cents easy in above scenario. I bet cancellation alone gets her to 6 cents and a PR of 2-3 more locations gets another 10 cents on top of that. RICH people get richer because they take calculated risks and HAVE the money to create change. A couple milly is NOTHING but chump change for some, especially Asian men who play Baccarat. GLTY
* Again - just my opinions/theories. Quite sure Joey has seen/heard them all by now
AI
