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

[Gator328]

$100k for legal, $70k for accounting and $50k for audit? That's absurd.

First of all, he could hire an in-house accountant for less than $120k. Second, what exactly is Philip Gay doing? He's a former CFO, make him do the accounting!

Second, the fact that Parsi acknowledges Giggles cannot afford to be a public company without experiencing cash flow problems is troubling -- why did he go public in the first place? Most companies don't go public until they are very, very well established.