Raise the OS??? Are you kidding? Do you have any clue what the OS actually is? It is the total number of shares that are sold from the authorized shares (AS).
They did increase the OS in late 2016 and early 2017. It is called 'dilution', and our shares were worth less as a result.
Giggles N' Hugs, Inc. (OTCQB: GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, is pleased to announce that the Company has repaid its 8% Convertible Note issued to Iconic Holdings, LLC (Iconic) on December 21, 2015, and as later amended. Pursuant to the terms of the convertible note, over the past six months Iconic converted $191,000 into shares of common stock.
They don't say at what price Iconic converted the shares, but you can bet that it was discounted. Iconic has over 10M shares.
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