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Re: Will the real CEO please stand up?
This is a stretch on my part and only a guess, but based on the wording, maybe Gay doesn't take over until the subscription closes?
On February 28, 2018, Phillip C. Gay accepted the position of Chief Executive Officer of Giggles N’ Hugs, Inc., a Nevada corporation (“Giggles” or the “Company”) effective April 1, 2018, upon the completion of Giggles’ rights offering.
Quote:
If I was Gay, I would be Straight with the Shareholders
Confused or bi?
I figured out the most obvious, perfect answer as to who the accumulator is! I’m sure everyone will agree I really nailed it here and folks will be lining up to give me one of those "plus one" thingys for this post:
Since most “malls” are dead or dying, this is the perfect plan and fit for GIGL. Joey must have contacted “Service Corp International-SCI” and pitched a brilliant, futuristic idea. (Service Corporation International is an American provider of funeral goods and services as well as cemetery property and services.)
Dead malls in densely populated areas can make the perfect transition into mausoleums and columbarium’s! What a great way to stop wasting land for cemeteries and make use of existing land and structures. No kid wants to visit grandma or grandpa at a cemetery anyway so why not make it fun and kill two birds with one stone? (bad analogy?)
Mom & Dad’s anxiety can be relieved with a couple glasses of wine while the kids get their healthy meal and play-time. Plus, junior can still have ice-cream for dessert “with grandma” except she’ll be bought to the table in a jar (ahem, urn). As an added plus, the kids won’t need to field stupid questions like “how’s school?” or “don’t you ever put that electronic thingy down?”
Finally, I would suggest a “slight tweak” in name to better align with the new “theme”. Update the name from “Giggles ‘n Hugs” to “Giggles and Prayers”, or “GAP”. Gives it kind of a familiar catchy 1980’s mall-type name! Hey kids, wanna go to “The GAP”?
Perfect, right?
TDA says the deadline to submit instructions was 3/28, period. Doesn't matter if you have cash or not...
I forgot to add "LOL"...
...Mr. Parsi went on to say Mr. Ferris's compensation will be determined once the rights offering concludes and we see how much money we collected to distribute to insiders, consultants, chefs, brand ambassadors, advisors, etc.
I wonder what they would file? Technically the shares are exercised/issued/paid for "after" the subscription closes. I guess we'll see?
So we got our break "above .03". I sold 50k at .031 and then exercised 50k. I also picked up another whopping 10k in another account without selling any.
Just for Hugs and Giggles, I went back in and attempted "instruct" (just in case I want to do more), and it says:
"Sorry, you have already submitted your instructions using this control number. Please contact your financial institution for details on your instructions."
So I guess I'm locked in?
Nope, not us.
Hey, I hope I'm wrong about that show, but for the reasons I stated, I don't think so. (I'm only talking about that 1 show, not the other connection possibilities!)
NOBODY watched the Fox Business thing except a handful of us existing GIGL investors. My cable company didn't even update the guide from "paid promotion" to "Red Chip" until around noon (which meant my recording failed). Now consider it was Sunday afternoon on against NBA, NASCAR, PGA Golf, & THE OLYMPICS.
Find a different connection...
So - ya know what I am asking myself at this very moment ? How many angel investor and VC-types watched that GIGL segment on Fox Business Channel ? HMMMMMM
Who would believe an "LOI" at this point? We know they need funds before they can do ANYTHING. As much as I want some excitement here, I don't see how they could release one? Could do more harm than good.
As far as your earlier comment "we know an LOI will come weeks before..." (something to that effect) Here's a crazy thought:
Maybe there won't be an "LOI" and there will be an "actual contract"! You know, the way "real companies do things"...
IMO the price only goes up with "expansion" and they can't expand without additional funding so the answer to the first part of your question is "definite maybe". (BTW, when you say "everyone", that means fully subscribed to me so difficult to see how expansion news would not follow?)
As far as "dumping", it depends how much the PPS goes up? The .06 warrant provides protection there, right? .10 cents would be a "quad" from here but would you sell your shares to destroy your warrants?
Wait, one more, I have a better idea! The "COIN" thing is a hint they are entering the Crypto sector!
The agricultural model will be equipped with a Proprietary Organic Feeding System (known as POFS) so that the aircraft can fly over & feed newly invented Bitcoin crops where high-value Bitcoins are grown.
Exciting times...
Cool, they're pretending to do another new thing with the nonexistent "mysterious airplane" by entering the "Counter Insurgency (COIN)" sector!
This would explain why the plane is invisible! ...the Surveillance aircraft would be able to fly very low, away from radar detection.
The next "update" will tell us "due to secrecy, we will no longer be able to issue updates or speak in any way about the top secret plane, or anything we may, or may not be doing regarding this project".
Hope she gets fat too. Really great comments posted with that pic for our "CEO" also...
Don't jinx us! I'm just starting to breathe a bit easier...
Another fun thought: They can extend the offer for up to 30 days. Imagine an "extra" 30 days of silence & speculation!
They won't know. Investors need to "request" extra units & when the offer closes, they go thru the orders & determine "who gets what".
I saw something similar for the units themselves but not sure how that could happen? In other words, someone requests units, but they are "sold out". They included a provision for handling that.
I think it was only issued due to the extension until April 2. TDA sent more emails to me too...
I will sell some & participate IF the PPS gets above .03!
You're coming close to infringing on my previously posted idea for a "Giggles N' Tugs" private massage room for the dad's while the family blaa, blaa, blaa.
Don't make me take legal action...
I agree, that's why I looked into them. I'm in the US so not an option for me. Volume is way down today & price seems stable (right now). I'll take it as a "positive" if they maintain their current price.
OWCP has always used the extension for filing of 10K & 10Q. We can expect the annual report mid-April & the Q mid-May. It will feel like (and be IMO) an eternity if we don't hear anything with meat before then.
Those warrants already "existed" from the private placement. I don't think they are eligible for OTC trading?
With an exercise of price of C3.90/US $3.00, I would have guessed they trade at a Penny. Opened at .05 & closed at .16!(CAD) with good volume.
Maybe people have some confidence this is going back over $3.00? Don't see why these would be hurting the share price "now"? Add it to another mystery...
When you click on the "Instruct" link to exercise, you are asked to "confirm your position" before you can proceed. TDA shows the number of shares I hold.
Here is some of the wording:
Additional shares purchased or received following receipt of this notice will require separate instructions to be submitted. You are responsible for canceling any open sell orders and verifying any option positions pertaining to this security. We will not be held liable for any short positions resulting from acting on your instructions.
This was all in CAPS:
Please note:
IF YOU ARE PARTICIPATING IN A VOLUNTARY OFFER FOR YOUR SHARES, PLEASE CANCEL ANY OPEN SELL ORDERS PRIOR TO SUBMITTING INSTRUCTIONS.
And then...
You may now modify your Current Position for this offer.
Current Position: xxxxxx.0000
(Amount to be adjusted)
Please select an explanation for the adjustment.
Shares/Bonds Traded
Shares/Bonds Deposited
Shares/Bonds Transferred
This is required if your current position was modified.
The question then becomes "what happens if you attempt to sell AFTER you submit your instructions"?
Risk/reward/participate thoughts: My thought is if PPS gets a wee-bit over .03, I would sell maybe 25% - 35% of existing shares and use that money to buy units. I'll still hold most of my shares so I'm "legit" as far as participating.
I look at that 1/3 of my shares as an "investment" (not a flip/trade) so I'd probably hold that amount anyway, regardless of what happens to PPS "thru April".
For the most part, I'd look at like I'm "getting a free warrant".
The "risk" works both ways if ANYTHING major happens to the PPS in the next 2 weeks or about 6 weeks if extended.
If offer is canceled due to "something better" & PPS skyrockets, I miss profit, but really no loss & I still hold most of my shares.
If offer is canceled due to not enough interest, & Joey says "sorry, I had to get toxic convertible debt to keep the doors open" and PPS tanks, I get my .03 cents per share back.
They probably extended it a couple days simply due to the holiday. (Good Friday/Easter) Likely don't mean squat! (I bet it gets a full extension "for real" anyway)
I'm just trying to help Joey create a buzz!
Yes! Extended until April 2nd. I think we all know what this means!
Here's where it is with TDA: (Very easy & works as you say, once you know where to find it!)
Go to "My Account, History & Statements".
Click the "Shareholder Library" tab.
Click the "Corporate Actions" tab.
Now you will see "Giggles N' Hugs" along with "2" links you can click on.
1 is "Offer", which is the prospectus & the other is "Instruct". Click Instruct & there are brief instructions where you can make your choices; yes, no, quantity to exercise, oversubscribe, "everything".
There is also a note that says EXPIRES ON 03/29/2018 & MUST REPLY BY 03/27/2018.
I would think other brokers have similar stuff?
If they hosted porn, the cash would really flow in.
On a serious note, I don't see how or "why" without effecting mining performance, additional resources, & their stated objective. Not to mention what they told people they raised the $150 million from about what they planned to do with the money.
They do also generate "heat", but that was part of the plan as to why they are in Iceland!
When I saw a "Forbes article" headline saying "Top 5" to buy & "4 to avoid", I'm thinking great, more bashing.
It's amazing we're in the group of 5 when you consider the other 4, yet here we struggle!
I'm frustrated but maybe it's just going to take more time to continue to get noticed while the company continues the build out? I plan to hang on as long as possible...
I'm a "definite maybe" if I can get close to a "free warrant". Would sell maybe 50k 'ish existing shares for funds so really peanuts as far as funding to GIGL goes.
"Opposite day" worked out great for George...
No worries...
They corrected the "typo" today. (LTG pointed this out) People received "2 rights" for each share they owned a/o 2/27.
So if you owned 100 shares, you got 200 rights. You can exercise any number of them you want, 0 thru 200. Exercise all 200 at .03 cents each, you get 200 shares & 140 warrants.
You lost me.
Did you factor in the .06 exercise price you must pay to convert 1 warrant for 1 share?
The warrants are not tradable & no plans to change that.
Where do you suppose the SEC found all the details about shares given to Friedland? I'm quite sure it came from SEC filings by OWCP where they said he was an "advisor".
They will get the company for not disclosing that Friedland was a PAID promoter and pumped the stock. Somebody has to disclose that relationship.
If you read the 36 page thing, you'll see scumbag was selling shares thru September 2017 via the "shell companies" he created.
The thing I'm worried about is, this explains what happened in MARCH OF 2017, since he sold his shares over a period of 20 days back then. This DOESN'T explain why it's been dropping ever since...