Giggles N'''''''' Hugs Inc. (fka GIGL)

[nonewname1]

I miscalculated earlier when I said I thought it was about 9 million shares they would owe if converted today. I think it's much less but everyone should do their own DD and make their own decisions, that being said, from the 10k

During the  fiscal  year  ended  January  1,  2017,  the Holder  converted  $81,300  of  debt  into 9,261,973  shares  of  Common  Stock. In  addition, the Company paid
$20,841 of the principal balance. The balance outstanding as of January 1, 2017 was $183,359 plus $9,981 of accrued interest, and is past its maturity date of
September 15, 2016.
Subsequent to January 1, 2017, additional balance of $48,914 was converted to approximately 15.7 million shares of common stock pursuant to the terms of the
note (See Note 10 and 12). The Balance as of this filling was $132,000 and is being disputed (See Legal Proceedings).

So the balance is 132,000 right now. I'm not going to calculate the average market price for the last 20 days but if it was converted at today's price it looks like that would only be 1.69 million shares.

As far as the legal proceedings on the note, like I said even if they owed double it still wouldn't change my perception of the stock. (I am not a legal expert obviously). I also think it's valid to point out Mr. Parsi's resume, it looks like he has some experience with these things,

From 2006 to 2010, he served as a Senior Vice President and Head of Investment Center at Stockcross Financial Services. At TD Waterhouse, he personally managed more than $350 million in assets for clients, and oversaw more than $1 billion in assets from 2001 to 2006. From 1991 and 1994, he served as an Investment Advisor for Lehman Brothers. From 1994 to 1996, Mr. Parsi served as a Senior Vice President at Sutro and Company, where he managed and oversaw millions of dollars for individual and institutional investors specializing in IPOs and technology equities. From 1996 to 1998, he worked at Prudential Securities, where he oversaw client assets in a number of investments, including fixed income assets, equities, and mutual funds. In 1998, he opened Barron Chase and was able to expand it to more than 30 employees. In total, he and his team raised more than $30 million in funding for nine separate companies. In 2001, he liquidated the business and joined TD Waterhouse. Mr. Parsi has been a Director of Giggles N' Hugs, Inc. since October 5, 2010.