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I believe December is correct & I'm wondering the same regarding "hope".
I'm staying tuned to the board this week for any potential details that could improve our position...
I are Chuck. I hold shares & warrants...
Thank you, I check in here all the time...
I tried that pump rumor 3 quarters ago, it didn't work...
Friday, 01/20/17 04:56:53 PM
Re: None
Post #
16291
of 23412
I heard they are raising funds to retrofit truck bodies for the safe delivery of fresh, legal, California marijuana!
Among the options are reinforced steel bodies, bullet proof glass, and 50 caliber machine guns to defend against potential mj attacks.
They have millions in orders lined up for the new marijuana delivery trucks. The new model for the mj trucks will be "SCAM'D". Secure Comfortable Affordable Marijuana Delivery
Please use the words "marijuana", weed, cannabis, mj, etc in any responses to this post just in case people are looking for those type of opportunities!
By the way, I heard that rumor from the voices in my head so it might be real, right?
How'd that buying go today?
Maybe it's an edible that converts to a crypto coin that you poop?
Why no chat about the S1 registration that hit around 5pm Friday for TMPSW?
The consensus appears "if" someone were looking to "add shares", then do it now.
Thanks to all...
Thank you for the detailed reply...
You forgot a key point: "The person" has $2k cash available.
Quote:
The more I buy now, the more rights I get.
I have "plenty of shares NOW". I can use the $2k to add shares now, OR, take advantage of the offer, if it happens...
(I realize there is no crystal ball for a definitive answer) So, is it possible people are on the sidelines just waiting?
Ahh, but this is the conundrum:
It all depends on whether or not we get news before the offering. I personally think we will. If we get news, today's price is a good deal. If not, it's better to wait for the offering price.
If you "think" we get news, which means the offer goes forward, but you spend your cash now, then it might be better to wait & take advantage of the offer using "existing" shares... See?
Deep thoughts, by Me:
Does anyone think the offer as proposed will go forward?
Because...
Suppose "a person" had about $2k they were thinking about using to add to their shares currently at about a .035 average. 2 cents "seems" kind of cheap now. But if the offer goes forward, "said person" won't have more cash to take advantage of it.
Could other folks also be watching & waiting slowing down the current action as well?
Just thinking out loud...
I was stealing something "much more original"...
A Tale of Two Cities
Novel by Charles Dickens, published in 1859
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair…
These are the best of times, these are the worst of times...
Wait! I think I have an idea for a novel!
I think Joey should hire an artist now! This way, after he secures funding, and then after we expand, and after we actually develop a frozen food item, and then after he gets distribution for it, the art work will be ready to go!
You've posted about "paid in" capital many times. I'm afraid you don't have the correct understanding of what it is? It's actually not an asset, it's on the "other side" of the balance sheet.
There is "no money" for anyone to grab. Not sure why anyone would think GIGL is sitting on millions of dollars, they are trying very hard (we think) to raise capital. PIC represents cash raised since the beginning of time from "selling shares". So basically, the only way for anyone to "get their money back" is by selling their shares, if they still hold them, at whatever the current PPS is. Sorry.
I admit I'm not familiar with the fine points of the "capital industry". I guess I was assuming Chardan would get a cut of the amount raised? (Not shares) I've seen this with other OTC's for PIPE funding.
Unfortunately we are left to speculate the "why", but ultimately I guess you're saying the "buck stops with Parsi". Thanks for your opinion, was just a little surprised nobody talks about Chardan.
I can't disagree with anything you said but I'll add this: End of April, "Joey asked me if I was accredited & interested in a private placement" so there is a disconnect here. He did this in an email reply to me where I never asked him about a PP.
In addition to your theory about asking for too much money, I think it sucks that we are left to specuate, but...
A) Is it possible us few shareholders are the only ones that think the business plan is viable? If it's such a great idea, why won't the big guys buy in?
B) Could a nice funding offer include a provision like "we'll fund your idea 100%, but we want to install our own CEO"?
Here's something even more depressing to think about regarding "why no funds raise at .15", & I haven't seen a single post mention it:
Dear Leader hired a "top notch firm" to find funding in Chardan Capital, that's what people said they were, right? So why couldn't Chardan find anyone willing to finance "anything"?
I hope this doesn't sound like I'm defending Joey, that is NOT my intention. But I was "scolded" by some irrational exuberant folks when I explained Jillian DID NOT INVEST in GIGL so now I feel obligated to remind others she also WAS NOT GIVEN SHARES!
She was granted WARRANTS, thru her "agency", which are exercisable at .10 cents each. There has been NO evidence that any have been exercised. I mentioned the agency because it is my belief that Tia whoever "was thrown in with the deal".
So if you think about it, I'm happy she didn't say FU when she was asked to take 10 seconds to send a tweet! Finally, remember when she blurbed something about having or opening 6 or whatever locations by year end? I don't think she made that up, she "heard it somewhere". Sure doesn't look like it's gonna happen now, but I bet she "thought it was" when she said it.
I bought 400 whopping shares of this sometime in 2000 when I had no idea what I was doing! Can't even figure out why I bought it or what I paid, probably .50 cents?
Account was transferred to TDA at some point and shows zero cost. One of those things that's been taking up space in my account for 17 years!!!
Post RS, I hold 200 shares, yea. If I wasn't a gambler, I should SELL NOW & take the wife out to dinner to celebrate a $100 win! Of course the same $200 "investment" would probably be worth more if I bought a CD, but whatever...
Any thoughts this thing could actually do something or should I go buy a couple of steaks???
"Not that there's anything wrong with that"...
So while I was reading the GIGL messages, I got a pop-up ad for a "Tony Roma's franchise opportunity".
That was just to annoy me, right?
Sure we can be optimistic, maybe just not euphoric yet? FWIW, I'm thrilled with "today".
GL to us all!
Strong sell signal just hit... I'm smoking a $3 Cinco Vegas because it's been ONE DAY IN A ROW!
Those of us who've been here a while "know what can happen". What's next, buying a sports car? New vacation home? Early retirement? Hey, does this mean OWCP will start paying a dividend next week?
Everybody please settle down before you screw up the "KI" (Karma Index). Back to my Yellowtail...
I guess anything is possible? But I don't think so. I've only seen T trades when there's dilution & shares are being sold. Also, if "most" of the T trades were "buys" of existing shares/float, wouldn't the PPS be climbing? Add to that what we already know about St. G...
How cool would that have been...
155,878 at .189
Odd indeed. I sent Parsi an email end of April. I kind of asked him a "leading question" hoping he would confirm the reason for no expansion was due to "no funding". Not only did he confirm that, he ASKED ME if I was interested in a private placement! Maybe it was all about timing?
I posted the text of the email below. I'm too busy/lazy to upload the image and don't care if anyone doesn't believe it (not saying you). Joey's answers are in "red", just like he did in his reply.
*
Mr. Parsi,
I am a shareholder of Giggles N’ Hugs. In fact, I hold shares in a regular account, my wife’s IRA, and each of my 4 granddaughter’s trust accounts. I obviously believe in the concept and potential for the company. I am aware and pleased with much of the recent news regarding brand ambassadors, potential expansion, etc.
However, I am concerned at what appears to be a lack of desire to finance your vision by institutional/investment grade funders. I have a few questions I hope you can answer to alleviate my concerns:
1) Can you confirm the LOI for mall expansion is still valid and the delay is due to a lack of funding? This is correct
2) Does the announcement of the engagement with PacificShore Ventures “replace” Chardan Capital, or are we working with both firms? We are working with both of them . One is for financing and the other is for potential acquisitions.
3) I realize timelines are difficult to commit to, but would it be within reason to expect some kind of non-toxic, “investment grade” financing within the current fiscal quarter (Q2)? Its hard to say if we finalize in Q2 but we are trying very hard. Its been difficult because we will NOT do anything that could be considered Toxic and or very expensive and so its been a challenge but we have some things we are working on that I think will work out well for all shareholders. If you are accredited and interested in investing in a private placement lets us know.
I appreciate your time and anything you can share with me regarding potential funding.
end
Yeah, at least a dozen people posted about restrictions. I'm sure he'll be posting an apology real soon...
Anyway, below is the email I received on July 29th. I'm not harping on this to "keep anything going". The point is this is NOT helping liquidity. OWCP/people are talking about listing on TSX. Maybe we can "trade normally" on the OTC first? And, for the folks who will say, "just call it in", or really stupid comments like "get a new broker", that isn't the point!
The restriction at a minimum makes people stop and re-think their purchase and in some cases change their mind all together. In my case I already have "too many shares" so I just said "I'll try again later" and then never bothered...
If two trains, one from each current location, simultaneously leave, one heads for Bahrain and the other...
#riddlessuck
The restriction "was" real. I was restricted in 1 of my 2 TDA accounts that I tried to add shares in.
I posted the email I received, twice, that stated the restriction was due to "suspicious trading activity" & "manipulation".
I also opined this was a GOOD reason why the 8k was issued by OWCP to dispute the bogus acquisition or whatever rumor, but nobody seemed to agree with me? Whatever.
FWIW, TDA recently lifted the restriction in my 1 account AND, I received an email TODAY from TDA saying their acquisition of Scottrade is NOW COMPLETE. Had no idea that was happening...
Rumors are pfun & maybe I'm just pfrustrated I didn't take profits when I should have, but did everyone pforget about all the trading restrictions imposed due to manipulation & suspicious trading activity?
Isn't it possible OWCP is just trying to prevent even more restrictions by saying "we got nothing to do will this bs article!"
Don't get me wrong, I'd love a deal with Pfizer, but c'mon...
Good explanation of the S1 and I concur with what you've said. Regarding the filing itself, at this point I think I don't know what to think?
Kind of, I think, but...
Does anyone know if the cream would effectively treat radiation burns? It’s looking increasingly positive that nuclear war could break out on the Korean peninsula and also impact Japan and Guam.
Potential customers could be in the millions. This doesn’t include the millions of civilian & military survivors/witnesses who will suffer with PTSD that could benefit from the sublingual tablet!
This could be the big break we’ve been waiting for...
I don't think I predicted that? In fact, that would be the "problematic scenario" I speculated...
Thoughts on funding (and lack thereof at higher pps):
1) GIGL hired an "expert company" (Chardan) to find capital for them. At the risk of sounding like I'm defending Joey, what if they just couldn't find a decent deal & they told Joey to be patient? Do we think Joey said "no" to potential offers or Chardan just couldn't find anyone to back the expansion? Unfortunately seems like the latter to me.
2) Why can't insiders "buy" into the S1a offer? Insiders always have insider information & they buy shares, right? Now if an insider loads up discounted shares, & Joey releases an awesome "LOI" that drives the price up, the insider sells & the LOI never happens, that would be problematic insider trading. But "buying" cheap shares, no problem IMO.
3) Pipedream scenario: (not PIPE financing!) No new news comes and the offer goes off at .0075. Between "insiders", current, & new investors the offer is fully subscribed. And THEN big expansion news is released & PPS takes off! Maybe it's the wine talking?
You just posted my next point. The shareholder update contradicts itself:
Check out my bold below:
Tanforan Mall – Previously, the Company announced an LOI with QIC, landlord of San Francisco’s the Shops at Tanforan, to open the first Giggles N’ Hugs location in Northern California. Since signing the LOI, QIC has decided to begin a complete renovation of the mall. We believe this is due to some of their existing retail anchors, including Sears, closing at this location. As evident in recent years, the retail environment has changed dramatically due to consumers shift to online shopping. As such many landlords are changing the look and feel of the malls to attract more foot traffic. This bodes well for our unique concept which attracts thousands of people per month to to each of the mall we are located in. The project is in the early stages but having experienced challenges with a similar renovation project at our Century City location, we have decided to put this project on hold until the renovation is completed and then we can revisit.
We continue to explore other options with QIC throughout the country, and we have also been in talks with other leading mall owners, including, Simon Properties, Macerich, General Growth Properties and Westfield about potential additional locations. Our business model calls for large landlord/owner concessions, including rent discounts and build-out costs. As such, negotiations for each location can be extensive and can take longer than usual. Given that we are asking for the bulk of the build out costs to be paid by the landlord, there is a lot more work that must take place, as a result deals can take up to 6 months or longer to negotiate.
Pacificshore Ventures – In April, we engaged PacificShore Ventures, a global specialty finance and M&A firm, to explore potential synergistic acquisition opportunities. They have introduced us to a variety of companies in different sectors of the market that complement our business and provide synergies. While multiple discussions have been had with many companies in different sectors, including kids clothing companies, frozen food companies, event companies, and catering companies, no agreements have been finalized at this time and discussions are ongoing. We believe that if and when we find a suitable synergistic company that these discussions and the due diligence can take months before we can finalize a deal.
Domain LA - We continue to work with Michelle Steinberg and DomainLA to extend the reach of the Giggles N’ Hugs story. Our celebrity brand ambassadors, Jillian Michaels and Tia Mowry-Hardict, remain very active, and with their help, we were recently featured on NBCs Extra !, as well as being featured in every major entertainment news magazine in the country as part of our recent Fitness Friday launch event. Over the next year, we expect our brand ambassadors and CEO to be interviewed on national and local news, talk shows, business programs, and entertainment shows, and social media outlets, creating significant visibility for the brand in the coming months.
Whatever...
Financing - It has been a long time coming but soon, we expect to announce our financing strategy that should provide the Company the needed capital to execute all the above. Joey Parsi, Founder and CEO of Giggles N’ Hugs, stated, “We are still at the early stages of building a concept that we hope will grow into a global enterprise encompassing multiple synergistic business lines. Building something of this scale takes time and money. We believe we’ve set the foundation for future success, and we will work tirelessly in the weeks, months and years ahead to execute on our vision. Parsi Continued, we understand that the stock price has been very volatile in recent months but that is out of our control. All that we can do is to execute and we hope as a result, the stock will take care of itself, stated Parsi. Thank you for your patience and continued support of Giggles N’ Hugs.”
All of the above what? You basically said everything is either on hold, off the table, or will take a very long time.
IMO, EVERYTHING hinges on BAHRAIN. Looks like the capital raise is to keep the doors open to me? BTW, other than "up front" $ from Bahrain, "if" deal is closed they have 1 YEAR to open store(s).
I also found the following "interesting" from the S1:
We may not be able to refinance our current debt obligations which are currently due and in default. Failure to successfully recapitalize the business could have a material adverse effect on our business, financial condition and results of operations.
Is this St. G? Like they had to include this is the S1?
S1 Also mentioned they have enough cash to last thru "September 2017". I thought is was thru 2017? Are they trying to sell this deal or kill it?
Any speculation as to what the offer will be? It appears from the S1 that it will be a fixed, set price. Like if the PPS is .05 on day of registration, the offer will be "x"?
Also, any history of any other similar examples of stocks who did this?
This is a new one for me...