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Nice post! I hope Joey can turn this around and I like to believe we're at the bottom. The only downside I see with his response is it's the same story as before.
In 2009 he raised $2M for expansion. Then it was 12M in 2011 with the hopes of having 150 stores by 2020. He's failed to execute thus far so hopefully he's learned enough to be able to do something with the $5M he hopes to raise this time around.
3-5 more locations in 2018 and there's no looking back IMO. But, again, that's been the story for years.
http://m.marketwired.com/press-release/giggles-n-hugs-inc-first-its-kind-childrens-restaurant-raise-2-million-private-placement-1231737.htm
https://www.google.com/amp/www.sfgate.com/business/amp/Giggles-N-Hugs-raising-12-million-to-expand-2310559.php
https://www.google.com/amp/www.sfgate.com/business/amp/Giggles-N-Hugs-offers-adults-night-out-kids-OK-2309905.php
My last communication with TA:
Hello:
Please see below requested information .
As of 9/18/17 the o/s is 984,391,831.
As of 8/18/17 the o/s is 984,391,831
As of 7/18/17 the o/s is 917,058,498.
As of 6/18/17 the o/s is 891,949,885
Sincerely,
Olessia Kritskaia
I s l a n d S t o c k T r a n s f e r
Full Service Transfer Agency
15500 Roosevelt Boulevard, Suite 301
Clearwater, Florida 33760
Office phone: 727-289-0010 ext. 243
Fax: 727-289-0069
Email: mailto:olessia@islandstocktransfer.com
web: http://www.islandstocktransfer.com
Sure. I'll do the same
Well they gave me the current share structure so maybe you're just posting false info. Happens.
You say there won't be much dilution because the offering isn't going to be met with demand. But if the offering isn't met with demand, then how will they finance the business moving forward?
It could certainly test it if no news next week regarding Bahrain.
It should have been 'on watch' months ago. This is a grab all you can under .05 situation at this point. IMO, of course.
I finished loading up today. I think. I do tend to add when I see form 4s.
Over $30k
Some may come in on anticipation of Bahrain news next week. But after being burned by failure to execute, I think a lot will wait to see if the deal actually closes.
Why would MM's let this run when they can keep shaking people out down here. I did t think I'd be able to load more after the 10K was released. What a gift to have a week to accumulate more shares.
MAX, buddy, you have to spend some time on google. L2 stands for Level 2. You can get access to L2 quotes through iHub for a few dollars a month. If you're trading penny stocks, you better learn what it is, how to read it and why it's important.
.05?? We'll be at .15 sooner than later.
I've been in this for way too long to start dumping at these levels and with a low float like this, I certainly wouldn't dump a few hundred thousand shares into the bid to close a gap and hope to get those shares back at a similar price.
What? 9M shares at an average of .01 is only 90k. Nobody dropped 6 figures on shares today.
Gap filled today. There was a gap at the opening yesterday. It's now filled.
The majority of the time, they'll fill in the same day. However, sometimes you get big runners and it can take a few months to fill. I think we close green tomorrow and hopefully over .05 by Friday.
The chart suggests that's possible but I think there needs to be some news to support that type of run. Patent news supported the last run up IMO
What in the world happened here? Surprised there's no news yet.
Gap closed and I was able to scoop a bunch more. Great day today!!
Yes!
Looks like a news release to dilute more shares.
Let's go! Back to .03+
We're not current yet. That's when I expect the big moves to happen.
Let's get that gap closed today!
Can we just hurry up and close the gap so we can move forward already?
Dilution finished for now?
Or it could have something to do with merging another company into OMVS.
I didn't present terms, just expressed my interest & willingness to help with financing and opening multiple locations in the Mid Atlantic. I also provided some background info as to my experience in the industry and other restaurant concepts I'm invested in that have had success expanding.
It was within the last 12 months. I also held 1.4M shares of GIGL at the time.
I made multiple attempts to offer financing to Parsi and never received a response. I also understand that two other investors were turned down on their offerings. Apparently he's not that interested in obtaining favorable terms to grow the business.
I hope for everyone's sake he's able to follow through on Bahrain by the end of next week.
Agreed and lots of whales already here.
Who in their right mind sells right when the fun starts? smh.
Huge bid support. Need to slap ask for shares. Going to .05+ today IMO
Nobody selling. Gonna have to slap the ask for shares
Wrong board.
OMVS history is irrelevant and please show me an abundance of penny stocks that get great financing deals.
O/S per TA
Hello:
Please see below requested information .
As of 9/18/17 the o/s is 984,391,831.
As of 8/18/17 the o/s is 984,391,831
As of 7/18/17 the o/s is 917,058,498.
As of 6/18/17 the o/s is 891,949,885
How can you say the O/S is 1.4-1.5B? Where'd you get that information? I got my numbers from the TA...
There has been No Dilution from 8/18 to 9/18. O/S is 984,391,831
He was referencing the pullback from today's opening price, not the all time high.
I'm pretty sure the O/S hasn't changed in over 30 days. Don't you have to sell shares o be a 'share selling scam'?