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I am patiently waiting on both the 10k and details on his plan mentioned below.
Except below...from Warren email response that I have posted already.
"The reason to meet with our Auditor and Attorney in NYC was to discuss various means of addressing the current situation with DLCR and the OS, I have come back from that and have a plan for 2017 to address those issues head on. Including the convertible note situation going forward with Blackbridge Capital. "
The 100k new Note only has 25k withdrawn from it so far which had a six month restriction due in Feb/17
As for whats left other than the 25k
The 10k filings will provide clarity
No point guessing now
Conversions are usually at a 45-50% discount and based on the lowest or average price over a given period.
I think 200k-250k of debt is more likely.
Still a sizeable chunk of debt.
I would like to see how much debt was paid and what is left.
I would like an update from the company on how it plans to control the future debt that remains
That company is generating revenues and losing millions year after year !
My detail response is on that board !
This board is to talk about DLCR !
FACTS: From Last 10q
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11726653
$2,338,755 in Revenue for 39 weeks ending Sept 25th/2016
Net LOSS in that period a whopping $1,218,841
For the same period in 2015, revenue $2,650,290 and again a whopping $1,219,994 in net LOSS
Notice also how the revenue declined between 2015 and 2016.
So what says anything will change here and based on what ?
Looks like their business model so far is yielding losses ?
This is why I keep saying the PPS rise is unjustified and was simply a pump.
A pump creates bag holders as it usually retraces back to where it started.
This pump was from .0018 to .052
That's 2800% ?
Great for those who got in early and got out.
The rest I am afraid will become bag holders as this retraces back to the reality that this company is generating revenue and losing money year after year.
Just like to "KeepItRealistic"
They reported a loss last 10q
What makes you think the next Q will be any different?
I just "giggle" and feel like giving someone a "hug" lol
Imagine being stuck in $GI$L after it artificially moved from .0028 to .05 in a few days.
Chasing it all the way down to where it was on Jan 4th 2017 (just 8 trading days ago) at .0028
Buyers (suckers) today were paying a 600% plus premium
Smart ones were selling today
Based on company last 10q, zero profits
This level is not justified
So as it always does the market will bring the price back down to reasonable levels below .005
Clearly the move from .0028 to .05 in just a few days was an orchestrated pump.
CANT is another dilutor
http://www.otcmarkets.com/stock/GIGL/quote
Dilution no where close to ending here
He has left before & returned after retail pushes it higher
He is clever
VFIN backs off on any buying and comes back down when buying stops
These dilutors are professional
They know how to create bag-holders which maximizes there profits for both them and there customers.
This traded 10's of millions of shares under .005 for months before this artificial pump to .05
These prices are not sustainable for a company that reported a loss last 10q
Running out of retail bag holders willing to pay 600% premium of a stock which was trading .0028 in the first week of January 2017
Zero profits = more dilution
Back to sub penny
100% false
On Dec 21, 2016, at 4:37 PM, Kibush <admin@kibushcapital.com> wrote:
Hi xxx
Not to busy to answer.
RS is not on the agenda for 2016 nor 2017.
Regards
Warren Sheppard
From: xxx[mailto:xxx@gmail.com]
Sent: Thursday, 22 December 2016 8:19 AM
To: admin@kibushcapital.com
Subject: Fwd: Dispel RS rumours
Warren,
Hopefully your too busy to answer this one.
Regards,
xxx
Begin forwarded message:
From: xxx<xxx@gmail.com>
Date: December 20, 2016 at 8:20:16 PM GMT-5
To: admin@kibushcapital.com
Subject: Dispel RS rumours
Warren,
Can you please give me companies position on an RS for 2017.
With the recent increased AS, limited debt and increasing revenues, I see no reason that the company would need one.
Can you confirm please.
Regards,
xxx
Weak bid .0136
http://www.otcmarkets.com/stock/GIGL/quote
Too expensive now
Over 500% from Jan 7th
This was a pump
No justification for it trading over .01
Have you looked at there last 10Q
They are losing money
Need to dilute to stay afloat
Adding now is paying 500-600% premium from the pps on Jan 4th of .0028.
Thats only 7 trading days ago
Wait for sub penny drop
Its inevitable
VFIN just moved down to .014
Ahead of retail
With his brother at .0141
No retail buying
Dilution not over
Free L2
http://www.otcmarkets.com/stock/GIGL/quote
Yes it will drop
Was .0028 on Jan 4th 2017
That was 7 trading days ago ?
Went up too fast
Will come down
Just a pump
No basis for rise
Company making no profits based on last Q
Bid only .0135
V brothers both sitting at .015
Looks like sub penny today
Free L2
http://www.otcmarkets.com/stock/GIGL/quote
I agree.
GIGL Security Details
Share Structure
Market Value
$889,938
a/o Jan 12, 2017
Authorized Shares
1,125,000,000
a/o Jan 06, 2017
Outstanding Shares
67,934,205
a/o Jan 06, 2017
-Restricted
29,764,898
a/o Jan 06, 2017
-Unrestricted
38,169,307
a/o Jan 06, 2017
Since Jan 6th, 50 million shares traded, On Jan 4th, this closed .0028 so conversion rate is low.
My guess is the OS is over 100 million now and growing daily
Maybe the company can update OTC and prove me wrong.
Exactly my thoughts.
The approval of an amendment to our articles of incorporation to increase our authorized shares of common stock from 500,000,000 to 975,000,000.
"The action will become effective on or about the 20th day after the definitive information statement is mailed to our shareholders."
Got my proxy letter in the mail today from my brokerage house.
Too bad it only represents a small percentage of debt removal due to the extremely low conversion rate.
Debt holders making a killing here on the backs of unsuspecting shareholders.
.0131 close red with 18 million in volume
Down almost 10%
Terrible dilution here...
Smart money got out on the inter-day bounce.
Bidding .0025
I will get filled with some patience
Still up over 500% from its low Dec 27th
Expensive now
Right back down to bid .014
With VNDM at .015
Free L2
http://www.otcmarkets.com/stock/GIGL/quote
Today was a dead cat bounce
Smart ones sold
Sub penny coming
Mark this post
Was .0024 Dec 27th (just couple weeks ago)
Tons of shares to sell via the V brothers (VNDN & VFIN)
Look at the bid at .0122
And VFIN at .0145
Free L2
http://www.otcmarkets.com/stock/GIGL/quote
Sub penny coming
Was .0024 Dec 27th
Went up too fast
Will come down just as fast
.013 already
Sub penny coming fast here
When an OTCQB goes up too fast
The SEC may suspend the stock
On December 27th this had a low of .0024
Those who took my advice and sold on Tuesday saved themselves a 50% haircut on Wednesday.
More haircuts coming as the debtors drag this back down much lower simply because they can as their average conversion price over the last 20 days is well below a penny. My guess it's around .005
Many have sold and left, leaving others to hold the bag.
Nothing has changed in two weeks to justify an increase from .0027 to .05+
Thats like over 2000% in 2 weeks ?
VFIN .015 now
http://www.otcmarkets.com/stock/GIGL/quote
Sub penny coming faster than I thought
Will bid .001 for a flip at .002
VFIN keeps on coming down (ouch6
Now at .016
Free L2
L2 don't lie
http://www.otcmarkets.com/stock/GIGL/quote
Buyers drying up
P&D is over
Note holders getting more aggressive
.0018 low may be breached in the coming weeks
Best get out now
Mark this post
Thank me later
Bid .0156
VFIN at .0165
.0018 coming on dilution
Free L2 , seeing is believing!
http://www.otcmarkets.com/stock/GIGL/quote
Agreed
VFIN now at .0165
Huge notes
Back to .0018 IMO
VFIN has joined the dilution party at .0175
VNDM at .0187
Buying has stopped
New lows coming
Free L2, check it out
http://www.otcmarkets.com/stock/GIGL/quote
Zero profits is the proof
Was .0018
Over priced now
Huge note in filings
VMDM and CANT show up on the ask
.0165 ASK
http://www.otcmarkets.com/stock/GIGL/quote
Sub penny coming
P&D's always retrace back to where they started
VMDM aggressive
Now at .018
Retail trying to undercut him at .0179 desperate to get out before subs