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This is not the news I was waiting for.
When is Joey going to announce an executive pastry chef has been added to the advisory board?!
When Joey?!
Could be why some were getting phone calls...
To see if they were going to utilize their shares or not.
“Over subscription privileges”
When does this study commence / conclude?
Stop market activated at open this am
Next target entry $2.75
#1 Mr. Gay will also be appointed to the Board of Directors of the Company on April 1, 2018.
(So he’s not really ONLY a part time employee)
#2 Also, he was compensated in stock last year for partial payment of the $5k monthly (thus the Oct 1 2017 shares issued for compensation we’ve wondered about.
#3 Joey plans to resign from his position but will remain on the board. But he obviously wants to emphasize this and distance himself from the company in hopes of a more successful offering
With Phillip at the helm I’m hoping the mall owners get on board with the franchising model.
Mall operators pay 70% of build out
Franchise owner pays 20% of build out
GIGL pays 10% of build out
And with even $1,000,000.00 raised from the offering they could open 5-10 franchise locations.
Well I’d say it’s from the few notes issues last October and could be the consultant looking to shift funds to the offering or just get their money
The offering won’t get canceled. It’ll get underfunded and whatever backstop there is or was will get utilized at a discount. But I don’t care too much about any of that as long as they get some amount of money ( even partial ) to keep the lights on and open a couple new locations. Beginning of the beginning?!? Hmmm
$2.50-$3.50 is the previous trading range last fall. Prices always leave this area. Also there are gaps (above) to fill starting just south of $8
Because they can’t get even one without more money in the bank.
Any LOI and any subsequent DEAL will not be announced until AFTER the offering closes.
300,000 shares a years is nothing compared to Parsi and Dorsa’s 30 mil
1.2mill shares even at $0.08 isn’t even $100k
Phillip needs to be offered ownership in NEWLY OPENED locations.
Within weeks of the closing of the offering. Sometime in April or more likely May we’d find out.
I am reserving my judgment on Gay’s long term interest and potential til either May or June. That’s said, I will say this to all here and DIRECTLY TO JOEY:
IF YOU WANT PHILLIP GAY TO TAKE THE BULL BY THE HORNS AND ACTUALLY MAKE GIGL A HOUSEHOLD NAME IN THIS COUNTRY AND OTHERS YOU NEED TO MAKE SURE THERE IS INCENTIVE FOR PHILLIP. i.e. SOME PERCENTAGE OF OWNERSHIP IN ANY NEWLY OPENED STORES. OTHERWISE, he can just keep getting his $5k / month until the next offering is filed in 2019 and 2020 and 2021 and...
I’m hoping this changes by April 1st. If joey is still doing all the talking then then truly nothing has changed with regard to GIGL’s leadership
We are drifting slowly into the previous demand zone and trading range where share were accumulated before the 1000% parabolic move happened in September. HMNY is an easy 2 bagger anywhere from $2.50-$3.50
Great point! Parsi should get paid $0.10 per washed dish
The next PR from Parsi should be an announcement he is taking a pay cut from 300k down to 200k.
Along with a pay increase for Phillip Gay signifying that anything is actually new here.
Personally, I shorted at 33 and covered at 22 forgot about this stock for awhile and now just grabbed a starter at 3.55
Another “theory” is in October 1st the company issued shares for compensation to several people valued at around $0.02 and those people hired Kaylex
(the green kool-aid guy) to pump it up and Parsi was pissed they were getting compensated 100% more than the market value upon issuance.
One way they could really get people
to participate in the offering is if they could get the share price 50-100% above the $0.03 offering price where warrants are almost “in the money” the closer we get to April 1st when Phillip takes over the more this might really start to move.
Bingo… I’ve been waiting for someone to point this out. I was going to mention it a month back when I read that but was honestly shocked that there were only 197. If you subtract out Joey Parsi’s shares that would leave current holders with approximately 600,000 shares each. This float must be locked pretty tight because it doesn’t take much for each of us to hold 500K shares each many of us have quite a bit more than that
Well I assumed there was a restriction period or some delay for when they’d be issued but I never checked that.
“In due time” price can get to $0.10 with new locations and new CEO before warrants are even exercisable
I don’t think GIGL needs a full time CEO to be able to make a few phone calls to merge GIGL with a huge deep pocketed restaurant chain...
Be honest...
Did you add to your position today?
IMO things just got real.
Geez, what does it take to cheer you guys up around here?!
Today’s news is a game changer.
Also up 50% isn’t bad.
Let’s see what kind of follow through we get on the offering...
All Phillip needs is some dough to work with.
Wouldn’t that be nice...
You must remain a holder for now the offering isn’t even priced yet
Only a matter of time here. Philip is also the former CEO && CFO of the Wolfgang Puck Co
New locations and franchises this year
$0.05 is a steal with this new leadership
I’ve never loved Joey more...
Guess again applegreen.
Right back up to $.20 and higher
Mr. Drifter would you do the honors of compiling this into a new sticky?
Let’s goooooooooooo!
$0.10 this week easy