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

[LongTermGiggler]

There is no disputing any of this. If you look at page 66 of the s-1 filing, it breaks down share ownership of management and 5% owners. Nowhere in the breakdown are any of the consultants listed and there are zero 5% owners not named Parsi.

I read somewhere that Parsi said he hasn't taking a salary in years (I think that's what he said to justify his selling of shares). I find it incredibly odd that he has a $300k salary listed in the s-1 filing for 2015 and 2016. Either he's lying to us or he's lying to the SEC.

In the Nov. 1 rights offering update, Parsi stated that the offering had been in the works for over a year, which means it had been in the works before Jillian/Tia were brought on board. I wonder if they knew there was a possibility that their warrants were going to be diluted down the line.

He also said in that update that he thinks the stock is currently trading at a huge discount and now is the best time to become (or increase) a shareholder....and then everyone yawned. He has to know that shareholder base is sick and tired of his lack of execution.

It has become a chicken and egg situation. He can't expand without the offering, and the offering can't be successful without expansion. Joey's ability to convey this to the malls/franchisees and still get a deal done will be the true test of his skill. Can he get a binding commitment before announcing the offering?