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

[1~Eye~Jack!!]

~ gigl = More Lawsuits Coming!?!

stockchaser64

GIGL 2 LAWSUITS WOW time to run from this stock jack this company is in deep trouble.NO MONEY no profits and stock tanking NOT GOOD.

Yep,, Being that CEO Joey Parsi seems Arrogant @ NOT Paying off Bills,, & since the Judgment was NOT Paid off with any other "deals,," this could go back to Court in a 3rd LAWSUIT and TKM could put in a "Claim for Additional Damages!!"

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. <---------Still OWED as of the End of the 10k period!

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.

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

...so...sad…