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

[LongTermGiggler]

I wouldn't mind if they only raise $2mm. That gets them plenty of cash on hand and two more stores. That's only 67mm shares of dilution now. In a year or two when the warrants are in the money, they will get another $2.8mm from exercise of the 47mm of warrants. That $2.8mm should get them another three stores and more cash. So in three years we could be looking at 7 total company owned stores for 114mm shares issued. Plus franchises. I can easily stomach that. It also prevents them from doing too much too fast.

It will all be over soon thankfully. I'll be tuning into Reed's conference call after market close on 3/28 (which is past the GIGL instruction deadline for most brokers). Probably won't say anything, but you never know.