Ok SF - let's just say you are right on all counts...I don't believe so, but let's assume/pretend.
The fact is that Joey still has 26M GIGL shares plus whatever he purchased in the rights offering (plus the attached warrants). Would you at least give us this:
- He was upset and surprised with how his shareholders really despise him given the fact that only $600k was raised when he had clearly hoped for $2 milly ? Do you think he wants to embarrass himself by doing these interviews and roadshows to raise money? Everyone of these that he does (saying the same thing over and over) causes more people to simply laugh at him IMO. My point is, even he knows he has to do something different to change the direction of the company. One new location and the dynamic changes for the better for ALL concerned. It's the shareholders turn to get some love and a new location or 2 does improve earnings which WILL make PPS rise. I think its coming, as it HAS too
- The next point goes along with above and that is - don't you think he knows that he has to create demand in order to salvage at least SOMETHING for his 26+M shares? He/they would have to dump into volume/demand and he has every reason to at least move in that direction, especially given the slap in the face that his loyal shareholders just gave him. Also, his GIGL shares become more important now that people are questioning the books of his private catering "sister" business. Yeah, no conflict there
- What about Phil...the silent one who just happens to agree to the CEO role and just affiliated himself even more closely with this loser. How many on this board are talking about filing complaints? Why would Phil get in the middle of that ? HE has 900k shares and is not taking a salary, so don't you think he would also want to create demand to sell into and make some $$$ ?
** I have yet to hear you say what is in it for Phil...he does all this because he just likes Joey or because he knows he can PROFIT bigtime ? I'll go with the latter. GLTY
