Yeah PencilNeck, no entity or whale is accumulating $GIGL stock. No one believes that for a minute. Someone confused volume for an organized crew planning a hostile take over. It's just ordinary retail buying on a hope and a prayer (averaging down...LOL).
Okay, just listened to the webcast and the new CEO....oh wait, nope, the "new" CEO is still a ghost. Told ya folks, NOTHING has changed about that job title shuffle. ZERO. This webcast was all Parsi, the guy who will work as the CEO regardless of what he told shareholders.
Some take-aways from the webcast--to begin with is it's painful to listen to Parsi. Will no one around him be honest and tell him how badly he comes off?
And to all the Phillip Gay fans...he was the one who should be speaking anyway, not Parsi. Why is the chairman out pimping the company and the CEO is silent? We all know why! Same same.
Anyway...
1) Parsi is real proud of-
a) tricking kids into eating food with hidden ingredients (that's a
horrible way to present that topic).
b) Celebrity customers. He's more than proud, he's obsessed. For
example, I cannot believe he said what Jay Z/Beyonce's birthday
party tab came out to. That was just stupid!
c) Publicity in gossip magazines/websites. Enough said.
2) Way to go, saying how the mall companies use "tricks" in their business and now they have one of their employees who know all these tricks on his, uh hem, $GIGL's team. Again, it's glaringly obvious that Parsi has a dishonest world view. Tricking the kids by hiding food, the mall operators use tricks, now they have the employee who knows all the malls tricks, etc. It's not a good idea to be insulting the mall operators and then asking them to front $1+ million.
3) He blew it with how he spoke about the "problem" with their financials and the malls. There are opportunities or challenges, never problems. He doesn't know how to present information well.
4) He never got around to discussing Gay and the CEO transition like he said he would in the beginning of the webcast. Listening to Parsi go on and on, you know he's not giving up being in control.
As many of us said, this offering money will NOT go to expansion, Parsi confirmed that 100%. It will go to "financials" and they will have to dilute AGAIN to get money to expand.
They have NO "strategic investors" lined up or anyone giving them any money. I thought all these phantom companies, with their "more than a coincidence" relationships, were partnerships in the making?
Nope, nada, ZERO. I guess being on someone's friends list on a website isn't what it used to mean!
If this webcast wasn't a wake up call, people are brain dead or have a record case of denial.
No new CEO-Gay.
No investors.
No partnerships.
No expansion money.
More dilution.
More lost time.
As someone already posted...rinse and repeat.
I know, let's "wait and see!"
Stock manipulation according to the SEC. "Making false or misleading statements about a company."
