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Blood in the streets?
“... which will reduce the current cash burn rate...”
Bottom line...Gay is concerned with this...
Phill is the only hope this company has left and not one of us here knows the exact reasons for lack of developments / expansion from him over the past 3 years.
The last thing I want anyone to do is make him walk away. Have fun tanking your own investment but it’s also mine. ;-(
I agree. I think the narrative here may slowly be changing for the better...
I agree with bubbles
The last thing I want is to scare off the current part time ceo and be stuck with Parsi again.
I will do the same and I also have saved copies of Red Chip investor presentations from the last 3 years.
Current presentation from Feb 2018 says that if they raised 2m they’d build 3 new company owned locations. I was away in February and never read this. Maybe Gay will be able to negotiate financing or may a merger.
We & they need a rabbit out of a hat here
It’s comforting to know who I’m buying from...
Adding here.
I think they’re going to figure something out OTHER than toxic financing.
What would you do in Gay’s position if you only had a couple days a week to run the GIGL machine?
How would you grow the company?
How would you go about getting funding?
Hopefully it was crossing off a zero from Joeys salary?
Totally bro! Let’s sticky that and make sure no one tries to buy our shares. That would be terrible.
How much of that 400k on bid are you?
Parsi is either extremely shady or extremely inept.
But it’s one of the two.
I downloaded and saved every slide from this investor presentation kit from 2016 because it was removed from the GIGL websitewebsite but I was able to find it online and saved it using a program called SlideShare. I made a point of doing that because I personally invested off of that investor kit thinking we would get at least get five or six locations in 2017. I wanted to keep a record of it because I felt it was extremely misleading when we didn’t even get one location added last year
Where I actually would care about this is if this is a revenue stream which was highlighted in the investor presentation kit from two years ago as being something that they were going to add. I will say this would give the SEC involved for sure
I could care less about the private catering business and it’s separation the $GIGL restaurant biz. The money is in ancillary revenues,frozen foods and franchising.
So you probably bought shares around 4 1/2 cents. Similar to myself I bought another hundred thousand shares at five cents when Parsi PRd that Bahrain was expected to close within weeks towards the end of September and they were finalizing the details of permitting
Vomit in my mouth at his lying.
SEC investigation here is very close. There is only so many time you can cry wolf and it’s not a hard thing to prove. Joey’s word / altruism is laughable.
I hope Gay is different. It’s pretty much the only reason I’m still holding. That and the recent $500k cash infusion for only 20milly added to the OS. Joey issues 20milly shares to the ball pit color selector of the advisory board.
I suggest we all start emailing Joey about about pursuing this possibility. Joey needs to learn he’s accountable.
You can start a new twitter account in 60 seconds.
Either way my investing has nothing to do with whether or not you got a response from Gay or not.
But your post is becoming less and less believable seeing as I have not received a response from Joey or Gay myself.
Well if you’re on an iPhone like myself it can be difficult but another way I’ve done it in the past is to post a pic about $GIGL on #Twitter and copy the link to your next post. Everyone will be able to view your pic.
Like this post I did from last year
Bid ask ratio show accumulation...
— VSAStory (@dropbaserally) November 7, 2017
Why? And who is accumulating this stock $GIGL #GIGL pic.twitter.com/XrW5SnNo4e
Why not just post the pic then? You can find a way do do it.
I can ignore Honey...
but since none of y’all do the same I end up having to ready your replies to him and then what he said to you and it’s like I don’t have him on ignore. But the ignore feature works and I don’t see his posts unless I click on one of yours first...
Do us all a favor and __________ him.
TIA
Mall operators wanted a cleaner balance sheet. In my opinion $500k in the bank along with Phillip Gay as the official CEO asking for the money and making the calls might be enough for them to say hey, we’ll put up $500k if you put up $200k and with that metric I think Phillip could open 2 more stores this year. It’s now or never and if it’s never it’ll be exactly the scenario Gator has predicted.
400k was an estimate of a fully subscribed $5,000,000 proceeds.
8% of 5,000,000 is $400k
8% of $600k isn’t bad at all.
This is one thing Parsi didn’t mess up.
I’m working off this:
“In connection with the rights offering, we have agreed to pay RHK Capital, the dealer-manager for this offering, a cash fee up to 6.0% of the gross proceeds of this offering in cash, a non-accountable expense allowance up to 1.8% of the gross proceeds of this offering, and an out-of-pocket accountable expense allowance of 0.2%.”
This could actually be good.
Minimal shares add to the OS.
Minimal ballooning of the market capitalization.
Gay takes the wheel and actually adds two new locations with the recent cash infusion.
Future 10k’s could show exponential revenue growth.
Parsi takes a pay cut and starts doing the dishes at the Glendale location to help with the bottom line.
“On April 19, 2018, Giggles N’Hugs Inc. closed its...19,791,819 units...for gross proceeds, before expenses and dealer-manager fees, of $593,754.58.”
Somebody must know what kind of advising Rand Ferris is capable of...
Huh?!
Everybody chant at the same time...
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
One more store!
I predict someone will become co owner or majority shareholder other than Parsi / Dorsa within the next 2 months after being given shares at and extreme discount. Parsi will never accept the blame
Can easily happen with a GTC limit order that can be edited until the order is fully filled without paying extra commissions
Put your seat belt on for power hour...
Kidding...
Y’all need to ignore some of these peeps. Maybe they’ll get tired of reading their own posts.
Who are you guys talking to? I don’t see any Honeycomb posts in my stream... haven’t for months
Gay is “expected” to “assume” the role of CEO?
I’m guessing the rights offering may not be subscribed enough for him to accept the position.
I’m holding 500k for 14 month now.
Tick tick goes the GIGL clock.
Maybe Gay will take some responsibility in this regard now that he has been given this title. Even if it is only on paper
Ask has been fairly thin all month with an even thinner bid. But prices usually are at or below share offerings after pricing. SOP. When shares can no longer be accumulated for 3 cents people will be buying on the open market again.
Parsi is not currently in a position to demand anything. Let’s see if that changes with some amount of funding.
I know he already raised and utilized $9,000,000 and we don’t have much for it but...
Let’s see what happens with the new funds and fake ceo title given to Phillip.
If malls are more comfortable meeting with Gay or in his direction or with the balance sheet being cleaned up then expansion with concessions could be swift.
This is what I’m hoping anyway
Out of the money options are always priced far away from the current market even when those options expire in 3-6 months.
These warrants don’t expire for 5 years and you don’t have to buy the warrants at all.
Not to mention, what do you think would happen to the share price if current shareholders tried to purchase millions of shares at three cents all at the same time?
April 9th conference might be followed by some buying interest. This has a tendency to “pop” several dollars ever few months regardless
How many franchising / synergistic merger acquisition dudes & celebrity ambassadors does it take to not put out more LOIs at malls that are about to start construction only to announce in a few months that were pulling out of the deal because of the mall construction?!