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Now you're a chartist????
Tried to warn ya'll. This was a complete POS the CEO was bleeding dry. The pandemic simply expedited the inevitable.
These scams are easy to site because they all ignore rule of business, 'Sacrifice!'
They're to busy sucking up money in toxic loans and rewarding their fat A with your doomed sh-its and giggles Germ Jungle 'Investment' from day 1.
This was written pre-Snap. We're living in a Brave New World Now.
Before I sign off for good, I would like to give a shout-out to Vanessa "Countryman" at the SEC - your organization did a bang-up job of protecting investors here.
"The greatest trick the devil ever pulled was convincing the world he didn't exist"
-Charles Baudelaire
Adios.
For issuers with sufficient resources and tenacity, the entry of a Section 12(j) order does not have to be a death sentence. Nothing in the Exchange Act or the Commission’s rules and regulations prohibits a 12(j) company from restoring its Exchange Act registration and re-commencing the filing of periodic reports. Most issuers who decide to pursue this solution will file a Form 10 registration statement, complete with audited financial statements and unaudited interim financial statements as appropriate.
Every case is different but, based on our recent experience, it would be reasonable to expect the Commission registration process to take four to six months and the FINRA review process to take an additional six to eight months. When an issuer is so delinquent in its reports that it may soon be faced with a Section 12(j) proceeding, it is always best to do whatever it can to get those reports current and to foreclose any such proceeding at the outset. This can be an expensive proposition if several years’ reports are due, but in most cases the expense of restoring the issuer’s Exchange Act registration and going through the FINRA review process will exceed the cost of getting its reports caught up. As with many situations in life, an ounce of prevention is worth a pound of cure.
https://burninghamlawgroup.com/another-way-to-restore-a-section-12j-issuers-exchange-act-registration/
GIGL registration revoked:
https://www.sec.gov/litigation/admin/2022/34-94146.pdf
Parsi needs milk moneys..
Volune is 80 ? Is that someone dumping for a loss -- you can't buy this now -- skull and crossbones
For sure, it made me some good money. While back at least. If I ever see him in the real world I will at least know to hold my wallet tight while talking smack to his dumbass. He could have had a real company.
Thank God they stepped in before things got really bad!
Clowns.
He was no match for the dark cloud that follows me everywhere.
I can't knock him too bad; we've become a nation of grifters. I'll bet bottom dollar that he had help, knowingly or not, letting it get this bad.
I am well aware. I had shares off the .006-.25 run way back
He let it get bad for the shareholders-- not himself -- he lost nothing -- he laughed his way to the bank on all shareholders expense -- all shareholders funded two stores-- what exactly were the operating costs of two locations actually one location the last 7 years -- one location and he can't keep it running -- dumb shareholders will blame covid - covid gad absolutely nothing to do with this garbage-- this wasn't making money long before the first case of covid -- He is a piece of garbage and deserves the electric chair or lethal injection--
This stock once had so much promise. How did Parsi let it get this bad?
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
https://www.sec.gov/litigation/opinions/2022/34-93977.pdf
Section 12(j) – SEC Termination of Registration, Revocation and Trading Suspensions
https://www.securitieslawyer101.com/2021/section-12-termination-registration-trading-suspensions/
https://www.sec.gov/litigation/admin/2021/34-92764.pdf
https://www.sec.gov/litigation/opinions.htm
The writers could have at least left us with a $69 market cap. Petty.
I wish -- I would like to see them both get the lethal injection
Just checking in to see if Parsi and Phil Gay are in jail yet
Are you referring to the 10-Q, bankruptcy, or the one fixing my watch?
If it's bankruptcy, I wouldn't hold your breath (especially not for 5 minutes). Closure isn't their m.o.
Are you referring to the 10-Q, bankruptcy, or the one fixing my watch?
If it's bankruptcy, I wouldn't hold your breath. Closure isn't their m.o.
I’m guessing Q is around the corner
I agree-- I just can't understand how the volume is 70,000 and this dropped from .015 to .0001 -- I still don't understand this OTC scam game these companies are playing -- I just know there should be a lot of people in jail--
Damn Parsi killed this business… not the pandemic…
I had to stop reading this halfway through and crawl under my bed I was so scared. Lesson: better get your kids vaccinated or else there is a good chance you'll soon be signing their death certificate.
#1984
https://www.yahoo.com/news/omicron-fears-variant-puts-huge-122611216.html
Since there has been no volume-- is this skull and crossbones now ?? Anyone know
Is this piece of crap still trading ?
Ok. Let's assume that is true. Why then, did so many other restaurants who received the same PPP loans and didn't owe nearly as much money to their creditors end up closing their doors?
Considering Chuck E Cheese is open (and has been for months), why is GIGL getting a pass not to reopen? What makes GIGL's creditors think they are ever getting their money back?
They may not be technically breaking securities laws based on the letter of the law, but they sure as hell are breaking the spirit of it. Publicly traded companies MUST disclose material information to THE PUBLIC, not just individuals of "management's" choosing.
The CEO is now selling real estate and telling people of his choosing that "management" has everything under control. What the fuck does that mean?
If the SEC gave a damn about protecting investors, it should require them to read a case study about this total lie before being allowed to invest in penny stocks.
I’ve just assumed PPP that won’t be forgiven
Am I the only one who asks themselves how GIGL hasn't been thrown out of Glendale Mall yet and how they've avoided bankruptcy?
Sounds like insider trading 0.o lol
You will never know unless you are a qualified trader and have access to the expert market.
Does this need to go to bankruptcy to see trips? Lol
A money losing restaurant was closed because rent ate up the profits.
The remaining restaurant was was cash flow positive.
The RS was initiated just prior to Covid.
The RS was advised by the investment banker making it easier to obtain financial backing for expansion.
That is where everything left off.
I understand but this was underwater long before covid -- its a joke that this idiot can run two successful establishments -- it's a joke -- he scammed all of us -- He managed to get Adam Sandler to eat there one time, with his kids, and everyone thought it was a good investment
Are any of the restaurants within the mall have eat in dining?
LA isn't the problem --
LA is skull and crossbones.
BRAV is now
Expert Market Only
So is this now skull and crossbones?
Lol why the enthusiasm? Did I miss something!?
Sounds about right. Let's pray they don't find out about the devastating effects the flu has on children.
The hospitals are checking all admitted patients for covid regardless of symptoms or reason for hospitalization. If the patient tests positive for covid they are reported as a hospitalized covid patient. At this rate of reporting GIGL will remain closed until hell freezes over.
More propaganda and fear mongering from our corporately controlled media.
Here's an alternate telling of the situation: 23 million kids under the age of 12 DID NOT get COVID in the last two weeks.
And while 2500 kids being hospitalized with COVID infections is terrible, I would love to know how many of those kids had compromised immune systems and/or other contributing factors.
Anyways, back to our regularly scheduled programming: GIGL, the only restaurant in America that doesn't need money to stay in business. I wonder what the management at Glendale Mall knows that the rest of us don't.
Meanwhile, our CEO would love to get you into a new 3 bed/2.5 bath in a great school district with outrageous taxes......
https://www.bizjournals.com/dallas/news/2021/09/04/chuck-e-cheese-david-mckillips.html
Has anyone checked to see if GIGL got ppp loans?
I can almost bet they did before he pulled the final rug.
It's a shame here if he planned to abandon sheep at least put the shell up for sale or sell it to someone that could have salvaged some value for shareholders.
Letting the sec suspend this was his last middle finger to shareholders he knew what the deadlines were just like everyone
I hear ya, Rock, but that's not my style. I'll let Karma handle his rooty-poo-candy-ass.
I have no problem venting about him on this message board though because that's what a message board is designed for.
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