Replies to post #29568 on Giggles N'''''''''''''''' Hugs Inc. (fka GIGL)

[JPL1868]

I didn't present terms, just expressed my interest & willingness to help with financing and opening multiple locations in the Mid Atlantic. I also provided some background info as to my experience in the industry and other restaurant concepts I'm invested in that have had success expanding.
It was within the last 12 months. I also held 1.4M shares of GIGL at the time.

[ShortsFail]

I was one of the other two who inquired about private placement in the summer. They told me the terms, I didn't dictate them. But they said they didn't need it.

I also expressed an interest in an east coast location and an overseas location where I checked out a mall that we were interested in setting up in but never got a response to that email. We decided to pass.

A CEO that makes $300,000 but has failed to get traditional financing, failed to expand, and only manages two locations is NOT a CEO except in title only. Not in function or success. He's doing the job of a store manager or limited district manager.

District managers at companies with larger locations, like a Target, who oversee 6-10 stores with way more work and sales involved, don't get $300,000.

Now he's asking shareholders to fund expansion. Something is missing here. This tells me Bahrain fell through.

Otherwise he could use the money from the sale of that master franchise to fund at least 1-2 stores to get started in the US and that might be enough to get traditional financing. If there hasn't been a closing scheduled for Bahrain yet (to be held 30-90 days down the road) then it doesn't look like it will.

That's all this needs is one step forward. One store would be great.


(I'm limited to one reply per day so if you want to reply, I'll have to respond in PM.)