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We'll get another PR at some point, probably something like another BS LOI that means absolutely nothing to anyone other than the few pump and dump artists here who shall remain nameless.
No way this takes nine months to close the Tanofran/SF deal. I'd bet the farm that deal is dead. In fact, I might contact QIC to inquire about it.
Also, funny how they have Todd Star as an employee, they gave him a title and everything, but he's really a consultant. No mention of Giggles on his LinkedIn page. He has his own advisory company that Giggles is apparently paying.
Just seems a bit disingenuous to act like you've assembled this world class team when they are really just consultants who would advise anyone who pays them-- doesn't mean they believe in the company.
I think we can all agree that Parsi is inept.
Where is that guy who claimed to have spoken to Parsi and copied a portion of the email chat and said that the 10Q would be good? Funny how he's suddenly disappeared.
Unfortunately, the way I see it, the MAX value that Giggles will ever reach in the next 3-5 years is .25-.50.
The numbers don't support any more of a valuation. So, at these prices, it's probably a relatively safe bet. It might drop another 50% or so, but if they can open three or four new locations, who knows...
Problem is, I think Parsi is content collecting a six-figure salary without having to do any "real" work. His LOIs are useless.
Thoughts on the 10Q...
1) Parsi is a joke of a CEO. This has always been obvious, but the 10Q confirms it. The guy is a stock broker. He ain't no CEO. I'm sure 3/4 of this message board is better suited to run the company.
2) Parsi is, it appears, a bit dishonest at best and a complete huckster at worst. He's on the record claiming that all of these people are trying to franchise, how they want to do business with him, and yet he's run the company so far into the ground that he's had to issue 100M+ shares with only two locations to show for it.
3) I think we can finally put to rest the notion that Jillian (and Tia) invested their own money into the company. It was an absurd thought to begin with, but some here seemed to cling to it. The 10Q clearly states that 5M shares were issued by the company for their promotional services. What it does not show by any means is the injection of capital into the company that would be indicative of a significant celebrity investment.
4) All the bad stuff out of the way, there is some good news. As John Kent mentioned, the downward pressure from the toxic notes should be decreased. That's a step in the right direction.
5) They settled the lawsuit as well which eliminates a significant contingent liability.
6) Taking into account the closing of the Century City location, I believe the 10Q stated that year to year net sales increased by about 4% at the remaining locations. This demonstrates there is still sufficient demand/increased patronage. which is crucial when convincing future investors that there exists demand beyond the Los Angeles area.
As for the share price: it is what it is. Tomorrow it may drop a bit, or it may go up a bit. Who knows. But long term, nothing's really changed. We have a buffoon piloting this ship and we have to hope he either figures it out or figures out how to get to calm waters before we all sink with him. The "good" news is that none of the more competent managers have left the company so there's still hope.
Have your thoughts on GIGL soured? Still planning to hold your shares? Parsi is a joke
Stick to the clear liquids, less of a hangover.
MM's accumulating for sure. But why?
What does the aggressiveness tell you?
Giggles has no problem catering to kids. The online reviews from parents wouldn't be so high if the kids weren't happy.
You are right about needing more than 2 locations. Parsi says that is the plan. But they need cash to expand. So, no cash, no expansion, stock price trickles back to sub-penny level.
Better idea? Not really. Chuck E Cheese is tried and proven. Kids love it. Parents, not so much.
Giggles is attempting to cater to a more upscale, wealthier clientele. The food is more expensive, but it's somewhat healthy. There are a few video games, but most of the kids play area is dedicated to physical activities, or events like cupcake decorating, karaoke, whatever.
Chuck E Cheese caters exclusively to kids, Giggles wants to cater to parents.
Let's see if both can co-exist. I think they can. It's not much different than Shake Shack vs McDonalds. Starbucks vs Dunkin Donuts. PF Changs vs Panda Express.
Thank you to all who took the time to answer my question about TMPS business model.
I really appreciate the insight and willingness to assist with my DD.
@ shortsfail,
Thanks for the PM. I don't have a premium account so I could not reply.
Question for the group: I read the sticky earlier that TMPS could see $10+ -- does anyone think that is actually possible given the SS, or is a proper longer term valuation closer to the $1-$2 levels?
Lots of money to be made, obviously the time to have gotten in was when this was in .10 or lower range, but just wanted to ask thoughts on the really long term potential if there's a buyout, if anyone knows of any comparable companies that were ultimately bought out and for what price as this seems to be the path of least resistance to dollar land.
Thanks!
Basic DD question (really, really basic).
Okay guys, I bought in some TMPS a few weeks ago and have been pleasantly surprised by the current PPS movement. So first of all, thank you for the helpful recommendations from my earlier questions.
I'm still a bit confused though as to what TMPS actually does? I know they modify airplanes for various missions, many of which are contracted by the government, but I guess my question is that if the Navy uses complex planes like the F35, etc, how do the smaller planes that TMPS owns help in any of those missions?
Basically, while I get the industry and the overall concept, I'm still a bit confused on the actual details of how TMPS assists its clients? So I was hoping someone here might be able to shed some light on that for me, as I have very little understanding of the aerospace and defense industry.
Thanks in advance!
(and please no "you shouldn't invest in what you don't know == I only have $5k invested in this as gambling money and I like the upside based on the little I do understand).
Muchas gracias!
Thanks! Might be time to update that Twitter account! I thought it was just a dry cleaner whose owner was an investor in the company and tweeting out rumors based on the Form 4 filed.
Very cool that this is legit news. Though it makes me wonder what is in store six months from now if they are holding for that long?
Excuse my ignorance, I am new to this and still doing DD. But is EXAD a clothing company or a dry cleaning business? The twitter account is for Metropolitan Dry Cleaning, which has a connection to EXAD. But I was under the impression that EXAD is in the apparel business?
Thanks in advance for the clarification.
Can this be verified? Seems like it might be an internet rumor, but if true, awesome!
What makes this MJ stock the one to invest in compared to all the other hundreds that are out there?
Thanks,
You're welcome! Lol.
I posted last week that the RSI seemed a bit high.
This looks like a decent place to take a starter position.
I'm in with one toe in the water. Will take the full plunge if it drops to .10, but I don't expect that to happen any time soon.
Good luck OMVS'ers!
We shall see sir.
I have been lurking on the sidelines for the past 4 months, Originally bought around .07 than I averaged down to .034 holding approx 2,250,000. Sold half on the run up at .16 and held the rest up to .30 and back to .06 when I sold the rest. Sitting out for now but I will buy back once more clarity about the vote.
I do not think this is DRYS. chemostat is a good product, cost hundred of million to develop. FDA approval should happen sooner than you might think.
If approved I think they can sell to someone bigger for over a billion. With 8M shares that is a nice profit, maybe $1.25 per share pre split.
Mint, if you saw Gator's earlier post a while ago, he said there is going to be dilution up until the toxic notes are converted.
I had mpression he was referring to no additional dilution after that.
From the earlier post there is $15 million of debt that cannot be converted under the post-price-split ratio. If as Gator suspects there is a 100 split that means under $5 and no more conversions.
Go do the math, and it shows that the maximum additional dilution would be 3 million shares post-split. $15 million in debt / $5 share conversion floor = 3M shares issued to Hudson Bay.
It may be less than that if Delcath can convert before the stock price drops back to $5 floor.
So 53M diluted max shares to have $15M to finish trials.
Nobody is saying no more dilution. Just no more dilution after the notes get converted. $15m is or should be enough to get through the rest of the trial presuming management doesn't give themselves a bonus,.
I agree. I think the buy in here was under 2 cents though, right now there are many chasing and it might drop before it pops again.
I like a company that specializes in kids-themed restaurants, it's similar in that it is an OTC with positive cash flow in the near future. These OTC gems are few and far between, there are many that are the target of pump and dumps but EXAD appears to have some actual long term catalysts that might one day get the stock price over .01. I don't expect this to ever be a .20 or .50 stock but there are profits to be had here...
You're a trader. Your interests are not in line with the best interests of the company on a long term basis.
Thank you! Sorry for the confusion.
Yes, I did mean the larger more pronounced drop over the longer term horizon.
I think I am going to buy a small position in the coming days, and then I can add or decrease depending on the price movement.
Thank you again for answering my question(s).
If it's okay to ask, why did the stock price drop so low to begin with?
Was it a lack of revenue, a bad financing deal, or some other factor?
Thanks!
Thank you!
I planned on paper trading at first, but I heard about Tempus and I do not want to miss out on a big run if it moves before I am fully comfortable, so I thought the next best thing would be to start small.
But then I thought if it went from .04 to $1, even at ,.35 it could drop back to .06? It seems unlikely which is why I asked the reason(s) for the original drop.
Thanks again for your thoughtful list of pointers.
John Kent, thanks for the sticky "intro" guide!
Wanted to ask if you think this is still a good buy at .35. I see that it has retraced a lot, but it is also up considerably from where I'd guess a lot of you all got in (under .10).
Can you or anyone else please explain why TMPS dropped so much? I'm new to investing but after reading your sticky post I wanted to ask your opinion before I invest too much in case it drops more and I can buy more shares cheaper.
Thank you.