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Investors familiar with this company have been waiting for years for expansion. Since announcing plans for 12 company owned stores in 2017, announcing a few worthless LOI’s and useless celebrity ambassadors, now Parsi puts out a PR that a company with two restaurants has hired a new chef. This, while his shareholders wait on news of an offering and new locations in Bahrain.
This is a joke. This morning was the last opportunity to get out above .02
GLTA and goodnight Irene
The trouble with this company is Parsi. Having read many of your posts, if you were at the helm, I’d buy back in. You have something he simply doesn’t: vision.
Very sad to see what’s happened here. I too once considered this a company with promise and yet months after the rocket run to .23 what’s left?
12 company owned stores in 2017?
Nope
Franchises?
Nope
Same low float?
Nope
Mall expansion?
Nope
Tons of debt?
Yep
Failing CEO?
Yep
B list celebrity “ambassadors “?
Yep
Pissed off shareholders?
Yep
A SCAM?
I think so
My sincere condolences to all who’ve been burned here.
Dilution. This CEO is a failure and a liar. What's the OS count going to be now?
And there you go folks. Last December/January the board was beaming with excitement that the toxic financing issue had been resolved. Here they are... AGAIN!
I've been pretty tough on this company lately and had some posts removed as a consequence. I'm not making any apologies. This "company" is so poorly run it's disgraceful. If you're here because you like the idea, you can open a similar restaurant for what it costs to buy a few hundred thousand shares of this company and probably make money pretty quickly. If you're here because you think Joey is going to make you money, I think you're in serious trouble.
Sorry folks, this one is headed down the road to BK.
Shame..,
That's a little troubling, eh? I thought malls were clamoring to get ol Giggles.... hmm...
In and of itself, no, it's not that bad. Just more of the same ol broke ass sh$t. Problem is, it puts the odds of expansion in the next year or so at near zero.
In and of itself, no, it's not that bad. Just more of the same ol broke ass sh$t. Problem is, it puts the odds of expansion in the next year or so at near zero.
Is now a good time for investors to get a toehold in reality and see this for what it is? A failure. They're seeking debt financing to stay alive after September, why? The next time you see some idiot post about the cash that's on its way from the Bahrain deal, now you know who not to listen to. Oh but wait.... malls across the country want to give them millions to build out new organic chicken wrap shacks. Must be the exemplary record of fiscal mismanagement.
Ok, that's enough for now. Sorry to those who didn't have the good sense to sell yet. Tomorrow should be brutal.
Oh wait.... he had to in order to get ready for all the new stores that are coming.
Bwahahahahaha!!!!!!!
Yep, POS CEO sure learned his lesson with St. George, never gonna do that again, right?
SMH
Hate to sound like a Richard, but I saw this coming. That's why I sold at .07 I've said before and I'll say again, I like the idea, but there's nothing proprietary about it. Anyone can do it, except for maybe Parsi. Seriously, there are millions of people in America alone with more money than the current market cap for GIGL. Anyone could open similar stores, and probably a couple dozen of them before Joey gets his next non-binding LOI.
And this crazy notion that struggling malls, still worth billions, need a 5 cent company with two stores, formerly four, to save America's malls.... any idiot that buys that deserves to lose money.
For the sake of those still invested, I hope things turn around. But if this is your retirement plan, I feel sorry for you.
GL anyway.....
Correction: you don't bring in celebrity "ambassadors " if you know you have expansion plans lined up. What would be the point? Why give Jillian 10% (at that time) of the company if you already have expansion deals worked out? I think will run out of money soon because there are no expansion plans that are actually done deals. Toxic financing is their only choice and will likely follow the late Q in next PR
If the CEO has recently sold shares to keep the company afloat, as some on this board have quite confidently proposed, what would lead anyone to believe the Q will be strong?
Can you imagine being the MM on this? They must be well read and skilled in chess lol!!!!
Possibly. I may jump back in but I'll probably wait for the Q. If no news is released prior to the quarterly, you'll be able to buy these much cheaper. I desperately want to believe they're expanding but the pragmatist in me says save your money
GLTA
Because the company has been talking expansion for so long, years really, and issuing nothing but PR's about LOI's and celebrity ambassadors, this is now being flipped like burgers in a fast food joint because traders have little fear of a big bomb PR that says, "We're Expanding!"
Full disclosure: sold my entire position this morning. Love the idea but LOI's mean nothing, CEO has gone.silent after selling shares to (presumably) keep the company afloat after telling shareholders there would be 12 company owned stores this year and issuing a PR about franchising in another country without delivering on the PR about expansion here in the good ol' US of A. Too much bullsh$t for me. For those of you invested, I hope it works out but my "DD" it smells like a sh*thouse rat. All talk, no action. Next PR: Justin Bieber bangs A chicken wrap in a giggle ball pit
. Waiting for super cheapies! GL
And... there go the 7's
Second verse, same as the first:
Low volume, ask wall, false bid support, bid whack, ask wall disappears... maybe the other way around, ask slap, bid support disappears...
This will continue until news, could go sub-penny again. Buying opportunity? I hope so.
The risk? No deal and all invested here lose their ass
GLTA but watching the daily drop down is annoying
My sentiments exactly. I love the company and want badly for us to succeed, however, if the next PR is remotely related to celebrities, I'm selling immediately, even if it's for a loss. Time for GIGL th sh*t or get off the pot.
GLTA
Been getting nice little hits on the ask lately, last few trading sessions. Any idiot that would bid whack in light of that deserves the loss and a bid of good riddance.
GLTA
Still here and $gigglin$
Can't quite put my finger on it, but my gut says something is coming. This feels a lot like the calm before a storm. I'm hoping for a bigger and more comprehensive financing/franchising/expansion rollout. We'll see!
GLTA
Yikes,
CFRA price target 14
Holy sell off! Where's the bottom?
If she can't hold 17, it may get very ugly
Nice looking Q eh?
When news does hit, I hope it's big enough that a halt is required. I hope it hits midday without warning and anyone short gets caught standing there holding their pole, pants down, tide out.
GLTA
Being fairly new to charting, I could use a little help understanding something. If the company is continuously diluting, why have less than 12 million shares traded in the last 30 days?
Thanks
Great post, excellent DD! There is a distinct possibility here that management is putting together a more comprehensive plan than many are expecting. Remember, they have now signed letters of intent for a store in SF plus the recent LOI in Bahrain. My hunch is they are coordinating with an entity, perhaps Phillip Gay's company, to fund a frozen food acquisition and roll-out, along with some operating capital and also in conjunction with the new stores. This would be a pretty sizable undertaking that would take some time to put together, but would put them almost immediately on the path to some serious revenue growth. This is just my opinion and quite candidly, my hope, but I will not be surprised if the next PR is surprisingly bigger than many expect.
GLTA
Roger is paid to post. Look him up.
While I understand and in many ways agree with your sentiment, I believe that as cryptos increase in use and value, they will inevitably pose a threat to world banks and governments. This is where they will meet their match and their use will be curbed and controlled in the name of "public safety."
GLTY
Many asking what happened?
It's not what happened, it's what hasn't happened yet. People need to remember that we are living in the most heavily regulated business environment the US has ever seen. The politics of how we got here and what are we going to do about it are irrelevant. We're here. These deals take a great deal of time. It's not a matter of simply signing a contract. I'm purchasing a waterfront home. I've probably spent 20 hours of my time dealing with flood insurance. It's a nightmare. That'a a residential home dealing with a flood insurance policy. How much bureaucracy must be involved in opening stores that involve food service, child care and children playing (insurance, safety protocol, etc...)
Couple that with a lot of excitement voiced here about impending deals surrounding TV exposure and a society with no tolerance for delayed gratification and you get someone selling 250,000 shares in the last minutes of trading to go look for the hottest bitcoin penny stock service or some other quick profit crap. Whatever. If you're here for a flip, maybe you're going to be frustrated watching this head lower. If you're here because your DD tells you the franchising/expansion deals are going to get done, you will look up one day and see your account heading north.
GLTA
Very well said and exactly correct!
Yes sir! Huge week coming, yuuuuge!!!! We're gonna get exposure, believe me, major! We're gonna make organic food great again??
Same form as yesterday. Same dates and number of shares. Nothing new
D, great post. Well said and clearly stated. Thank you!