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

[Gator328]

It did but it's an apples to oranges comparison. Feb 2017 was pot stock mania and the entire sector soared. I don't see the restaurant sector having one of those bull runs.

SHMP went from .009 - .70 last week. So it happens. Difference is people are speculating on the value of a potentially industry changing patent. Same with biotechs -- they're all hype until they're not.

GIGL's value isn't the restaurants until there are 30+ of them because each has limited upside. Both locations are hugely profitable but the company is still losing money--mostly because Joey Parsi is paying himself and others too much. The real value is developing a brand and selling other merchandise.

If he announced a new location tomorrow, GIGL may run to .10 on hype. Shortly thereafter the financials will hammer it down to its fair market value. Just like what happened to the stock you used as an example.

So far I haven't seen any evidence Joey can get another location. His own shareholders won't invest nor should they after he screwed them in the last offering. Other investors for WeFunder are investing blindly in a third mystery location? the fact Joey isn't even sure where this location will be speaks volumes. If he said he's opening one in Seattle he could target people who live there.

The guy is a hack. And he is the reason there's limited upside. He's put $9M into it and has two locations to show for it, and is losing money. It costs 1.2M to open one, yet even with three locations he's spent $3mm per...