The company already said there will be no major dilution happening again. The CEO has been a man of his word and has come through on all promises. No reason to MAGICALLY stop believing him now because the $GIGL pps is oversold. Selling now would be an absolute crime imo.
We are finally in the position to expand our brand, now is the time to buy. STRONG BUY.
"One way we can do this, is to leverage our relationships with the 4 largest mall owners in America by getting them to pay for most, if not, all the costs of each of our new locations. The mall owners need what we deliver to them. It's what they seek most; Foot traffic!!! With more and more people shopping online at places like Amazon , there are less and less consumers visiting the malls, and since we bring in thousands of people per month in each of our locations, the malls look to us as a partner. This is one of the reasons the landlords have paid for a significant portion of our existing locations' build out costs and why they are willing to pay even more, if not, all the costs going forward.
Even with this, we're still going to need capital to do some of the other initiatives we have decided to pursue. This would include our kids' clothing line, frozen food line, baby furniture, toys and or any other licensing and merchandising initiatives. We want Giggles N Hugs to be a brand no different than, Disney , synonymous with children's products and services and not just a family restaurant and play space. To this end, we are working with a few investment banks to secure the right funding for all of our growth objectives. We expect news in this regard soon. “Overall, I believe we are finally in a great position to execute on our strategic plans and believe our accomplishments are just getting started for 2017 and beyond,” concluded Parsi.
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