This all but confirms 3-6 new locations. Even if 2 mil is received we get 3 new locations.

I’m staying off the ask til $0.10

What’s the point of holding for over a year through all the highs and lows just to sell on a mini rip?

Everyone should read this entire post it is one of the best posts this board has ever seen. Thanks for all the DD and homework drifter!

1 new = $0.05 range
2 new = $0.10 range

6 new = $0.50 ( precedent of growth established )

JMO

“At this price...” ?!

What about the higher prices many of us paid as we added to our positions and averaged up as the promise of expansion including franchising was held in front of us like a carrot in front of a horse...

An this year seems no different

8 locations by years end?!

How about 1 or 2 Joey

This is not a valuation. This is simply forward looking (as the market is) price targets for where this might head if store expansions get rolling. Things could get aggressive with the right capital investments here

One location = $0.10
Two locations = $0.15
Four locations
(Eight locations total) = $0.50-$1.00

Christina Milian thinks they should expand...


https://instagram.com/p/BeQ3_OGhNc4/

It will also change the way the mall operators (corporations) view them...the amount of capital mall operators (did I mention they are corporations yet?) are willing to invest in new locations...the amount that investment banks (these guys are corporations too) are willing to lend to them...put simply, the new tax rate / code / plan (however you want to look at it) is just more facilitating of expansion, capital investment, and growth

$GIGL should benefit from the new corporate tax rate...less taxes = more expansion. (Any expansion at all)

$300k / year for an owner isn’t much if a manager at In & Out gets over 160k
https://www.tastingtable.com/dine/national/in-n-out-manager-salary?utm_medium=email&utm_source=TT&utm_campaign=Weekend&utm_content=Editorial

Still holding 550k most for over a year now

2) Wealthy investor? $GIGL has turned down?

Any examples of this? I don’t recall any formal offers. Is this based on offers members of this board have made or something additional?

Doesn’t he have the mall operators “rolling out the red carpet” for them?!

That’s why they were able to open so many stores last year...try to keep up.

Supposedly Parsi has invested approx 2-3 mil of his own money and 9 years of blood sweat and tears. Walking away with his original investment wouldn’t even cover inflation. He’ll stick it out.

Nice summary/outline...

people should be a happy about developments here...

time to change the outlook regarding 2018...

this might actually be the year we expand

Yes you can compare the one from last April which I linked to on Twitter with the previous presentation which was released a couple years earlier in fact.
Here’s the one from July 2015

https://www.slideshare.net/RedChip/giggles-n-hugs?from_m_app=ios

And here the one updated April 2017

https://www.slideshare.net/RedChip/gigl-investorpresentationapril-2017?from_m_app=ios

Well, plenty of work went into this presentation.


In the financial results for the third quarter Parsi stated, “As I have already mentioned, in order for us to expand, we will need additional capital, which is a vital component of our growth plans but we want to make sure that we do so in a way that we are rewarding our loyal shareholders while ensuring less dilution of their position in the company,” stated Parsi. “We want to assure our shareholders that we are dedicated to creating and improving shareholder value over the long term.” -Joey Parsi

Personally, I believe this rights offering will get approved and I believe the investors who are now accumulating are doing so in a very stealthily calculated way. When the company receives the capital expansion will follow. They’ll get their additional shares and all lots purchased over the duration should provide a healthy ROI.

Parsi continued, “We have established a unique concept in the market, we have an incredible management team that we now have in place, we have enormous opportunities that lie ahead for the company”. Parsi concluded, "we are very excited about the future, and with the expected funding coming into place, we think our best days lie ahead". Thank you for your continued support.”

It’s a new year with new opportunities. I’m going to stick it out and see what happens. In two weeks I hit long term capital gains but I truly don’t want to sell any shares below $0.10

Will there be news or developments this year which drives this past $0.10?

I truly believe so. The ACC/DIST line seems to hint so as well.

Investor Presentation was updated last April after the addition of Jillian and Tia targeting 12 locations by end of year 2018.

@TraderLongCA looks like the #GIGL presentation has been updated to reflect 12 locations by EOY 2018 updated last april https://t.co/vDoVFibCt0

— VSAStory (@dropbaserally) January 7, 2018

Are we at $0.05 yet?

Celebrity pastry chef coming in 2018!

Healthy kids needs desert too!

How / why is this hypothetical fantasy a stickies post?
Serious question...

GIGL is a corporation no? With the corporate tax rate lowering to 21% in 2018 I think GIGL will turn the corner to profitability.

I believe someone or some group at trying to take advantage of the rights offering.

$GIGL is a company about to have an influx of 50x current cash on hand with plans to expand I do think whoever is loading now is aware of the potential reward here. Possibly something we don’t know yet.

20% spread too. Nice to see the solid bid.

I believe this could create more awareness for $GIGL.

Jillian was a big deal to partner with.

Hopefully she along with Gay and Kaufman are still very interested in $GIGL’s future once they have something to work with (cash) it will be interesting to see what they can do.

Something has to develop here I don’t see Parsi backing down on his strategy or control. I think what he needs is a backer. Someone to team up with and negotiate with the banks.

If Jillian was interested in warrants...

Would she not be interested in the rights offering?

Joey is likely explaining to her why no expansion thus far. I wonder which “insiders” want in on the offering.

ACC/DIST line spiked as well. Let’s see what happens in 2018 without any new notes as I don’t believe Parsi would ever consider one again.

Century city reopens?

I’d like to hear more about the red carpet rollout from the mall owners again. How much do they want to see on the books before it’s go time?

Parsi believes in the long term future. Many of his friends and family have invested in this who he is trying to avoid screwing over. However sincerity and ability in the business world are very different.

I don’t think Parsi realized how stuck he was before now. Hopefully the recent price action / volume give him a clue to come up with a new idea.

If you are the most recent post, the previous post and also the post before that you are posting too much. Newcomers to the board should see some variety.
JMHO

It didn’t matter when we closed above it so why does it matter to close below it. This is not a “chart play”.

Nice post.

Agree regarding the franchising being his only ticket out of the current situation. My initial trading plan with $GIGL was to hold until they announced their first franchising locations. However, the main drop from our 52wk high happened throughout the 2 months prior to the Bahrain announcement. Couple that with the fact that the Bahrain location was an odd choice and since I’ve been eagerly awaiting announcement of franchise locations in the USA.

Let’s see what happens when Parsi gets backed further into the corner.

Are you still of the opinion that they need to franchise to fund company owned locations?

How would you suggest Joey does go about securing funding?

The good news is Parsi will soon run out of excuses...

When this happens he might start being more strategic...

This is the OTC.
Very few investors will even trade this exchange. Mostly flippers / short term traders.
If these types don’t think there is an imminent demand for something there won’t be buying pressure.
It’s that simple. If there’s funding and any of the actual expansion previously promised this will reach “over valued” right now it is arguably under valued to some extent so it’s a waiting game.

Best to go read a book...or send Parsi more emails...

This game is fun!!!

Let’s give it a name:

Let’s call it: “Guess what could be happening behind the scenes to make us feel better about our investment but probably is just not true but just a waste of time to talk about but does make us feel better anyway game”

How long does this game usually take to play?

What is the obsession with $0.25 price point?

This will bounce between $0.03-$0.10 until anything substantial happens. If there is growth / funding / or replacement of Parsi then $0.25 will look cheap

The good news is since were not currently in an uptrend I don’t think Parsi will release any negative PR‘s this week

Couldn’t agree more. Unfortunately it was the 11/1/17 update that helped me realize this as it was the first time Joey stated the real reason for no new locations in 2017.

Unfortunately it was the 8/23 update “on recent activities” where Joey said the Bahrain details were being finalized and they expected it to close by end of September that gave me the confidence to average up.

That confidence is now gone.