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

[Triceps22]

When I first heard about Tanofran remodeling, I wondered if it was another load of BS to buy time. So it is reassuring that Parsi has made public this "fact" as it validates what I perceive to be a legitimate reason for not moving forward with Tanofran. I'd be more upset if they opened a location and a few months later there's no traffic because of the renovations -- we'd all be blaming Parsi for not doing his full DD.

I also agree that now is not the right time to start engaging M&A companies for merchandising. Very few know about the Giggles brand right now. I hope he shelves that ridiculous plan for the time being and comes back to it when frozen food companies are begging him to make a deal instead of the other way around. Focus on the core business first, then grow over time into other things. It took Amazon almost a decade before it moved beyond books.

Positive that he addressed financing and also that Bahrain seems to be on track. Also positive that the business model appears to be generating demand at the two open locations.

Overall, I give this PR a "B+" grade. The biggest negative is the Tanofran deal is off. Maybe he can parlay this into something better by opening a new location in Seattle or somewhere cold and wet. Or on the east coast.