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Press Release: Giggles N' Hugs Appoints Former CFO of California Pizza Kitchen as the New CEO and Director
Holy shit new CEO!!!!!!
Seems computer generated probably a misinterpretation of “.70 of a 5 year warrant”
Sunday afternoon must be the cheapest time slot he could secure
What do you think his credit rating is?
But somebody knew...highest volume during this run was last Friday
Although I agree with you on the whole, I think he is trying to learn from some of his mistakes. I do not think he’ll ever accept a convertible note ever again...thus the rights offering he conjured up once he realized what a debacle it was with St. George investments.
Certainly 40,000,000 shares priced at $0.05 for proceeds of $2,000,000are better than 100,000,000 shares converted for $100k or whatever the hell it was
This guy has had offers before to help him out that he has refused up to this point. Maybe now he’ll entertain them
Like I mentioned before and in the interview Parsi doesn’t even know about this rule?! I guess when the interview aired and when it was recorded are different but still...
Los angeles, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Giggles N’ Hugs Inc. (OTCQB: GIGL) (the “Company”) announced today that the Company has set the close of trading on the OTCQB on February 27, 2018 as the Record Date for its previously announced rights offering. Due to T+2 settlement you must be an owner of GIGL common stock on February 23, 2018, the Ownership Day, to be deemed a shareholder of record.
ACC/DIST still trending higher look at a 20 day chart
Amen! It’s all about the value of the warrants. Similar to the premium of options which are “out of the money”
$0.10 is possible for the pricing
Could be anywhere from $0.05-$0.10 IMO
A backstop at $0.02 isn’t even close to toxic financing. Can’t compare a share offering to a convertible debenture.
Nice post...One store if not two are gonna be a reality very soon. I will make sure to remind those critical of Parsi now when the share price is above $0.10 to give him credit for that too. Even just one new store will help Q1 ‘19 numbers look great compared to Q4 ‘18 etc...
I think the profitability is scalable once achieved and would get better with each additional store. I think going from 2-4 stores this year is doable if JP gets the funding. I wish he would step aside but above all I’d like to see expansion this year. Parsi can step aside at anytime and I’d be elated. But “if” he won’t, we are left with what “he” and only he can accomplish.
Fun is just beginning.
$0.02-$0.04 is nothing.
Talk all you want about JP but it looks to me like he is trying to grow the company with “minimal”dilution.
Give the guy a break for a minute. Seriously, yesterday we were on Fox Business news.
“Fun while it lasted?”
Wait until funding is in his hands.
If we don’t have 2 additional stores by the end of 2018 then you can say whatever you want but you can’t blame Parsi for swing trade profit taking on a low float stock. Tomorrow could be $0.05 or$0.08 are you gonna give him credit for that too or will that just be a fluke?!
Exciting to see green every day however I don’t mind a pullback on low volume. I’m waiting for pricing of the offering and announcements regarding several new locations. I wouldn’t be surprised if we test 2s but ultimately we are heading north. Mark this post.
Clear skies breakout. $0.10 imminent!
That ask has been there for months and I have no doubt it’ll get broken this week if not today
Ever heard of a backstop?
Never mind...
This is very thin to about $0.11 which is where we’re heading IMO as early as this Friday
I wonder what the offering is priced at?! Going to be an entirely new group of investors this year. What I was waiting for last year ( and the reason I didn’t sell ) was the announcement of adequate funding for new locations & also the rollout of franchises.
I think we get both of these now so to me this run may have longer legs.
Actually that is the day of holding but according to the 3 day settlement (or 3 days prior) I think is the day to have initially bought.
Someone correct me If I’m wrong?
Nothing will move this but new stores which with and amount of funding seems inevitable at this point.
So I agree with you. New stores and we move to the teens for real. This is the OTC and we’ll soon be trading with a market capitalization equal to cash on hand.
They have officially launched catering as another revenue source. Should help with bottom line numbers at existing locations.
https://instagram.com/p/Bfl8AZphx7M/
Well I do agree with you but three stores we had before. I’m looking for two more and I’ll say at that point it’s the most stores we’ve ever had and I additionally it’s a 100% gain from current numbers so if / when that happens we go up 400% from current levels
Also they are posting about Fit4Moms on Instagram
https://instagram.com/p/BfT8mVvB4uG/
This is national fitness program with locations all over.
Joey is networking
Chuck E Cheese and GIGL don’t really compare. Different market, different demographic, but Chuck E Cheese is a good example of decades of sustained market demand for a similar concept
Just a savvy trader loading before Monday. ETRF on the bid and ask.
$0.0389-$0.04 close going into the weekend
Let’s not forget about how the new corporate tax code could affect capital investment in new locations from the mall owners and if / when GIGL becomes profitable how that could affect EPS multiples
What do you think John? Will the new plan for funding get us some new locations or what?
2018 is the year we get new stores...period.
There’s no “resistance” at $0.04
The reason why it looks like there is is because of the “timely” Bahrain PR that was released.
Only bullish PRs skated for the next few months.
Should test $0.09-$0.10 soon
JMO
Just a few scared retail getting out too soon. Otherwise thin as a potato chip
OTCX? doubt that’s retail
Exactly right. Those participating in the offering will also prefer minimal dilution. Looking forward to the 8ks
Tomorrow is your last day to buy shares if you want to participate in the offering. But if you want you can also just leave that to the heavy hitters accumulating behind the scenes.
Yup. It’s all about execution and if he pulls it off this will see new 52 wk highs.