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

[1~Eye~Jack!!]

~ gigl = Actually 2 Lawsuits!

Yep, stockchaser64, They do pay Themselves High$$ Salaries,, and the CEO seems to be an Arrogant Prick that thinks he is above the Law! = He DOESN'T Pay off Debts,, EVEN when it would benefit gigl!! WOW!
...& No wonder No Banks wanna loan him $$ for any new deals...
...& No wonder the LOI hasn't been finalized...

stockchaser64

GIGL AGREE JACK THEY must be paying their self A high salary and not putting it back were it belong in there business SO SAD.STRONG SELL

http://ih.advfn.com/p.php?pid=nmona&article=74346564

Joey Parsi(1) 2016 300,000($)
Sean Richards(2), 2016 95,000($)

http://ih.advfn.com/p.php?pid=nmona&article=74346564

Litigation

On April 20, 2016, the Company entered into a stipulated judgment in favor of TKM in the amount of $40,000. Under the stipulated judgment, the Company would only be compelled to pay $20,000 in four equal installments of $5,000, provided they meet the ascribed timely payments as set forth in the stipulated judgment. The Company has recorded the entire $40,000 judgment since the Company did not meet the agreed payment schedule. As of January 1, 2017, the outstanding balance was $30,000.

St. George Investments, LLC v Giggles N’ Hugs

On March 23, 2017, St. George Investments, LLC ("St. George") served an arbitration demand and summons claiming that the Company had breached its obligations under a convertible note by preventing St. George from converting the remaining balance of the note to common stock. The parties disagree as to the conversion price set in the note agreement due to execution by the parties of different versions of the document. St. George has claimed for additional damages. We believe these claims lack merit and have retained counsel to vigorously defend this action and present cross claims for mistake, rescission, breach of the covenant of good faith and fair dealing and unjust enrichment.

Talk about "Play'n da Fiddle while Rome Burns..."

.02's Coming Again,,,soon...

...so...sad...