Replies to post #30309 on Giggles N'''''''''''''''' Hugs Inc. (fka GIGL)

[VSAStory]

“The Company entered into an agreement settling all claims with St. George on August 14, 2017 pursuant to a confidential settlement agreement. Subject to the execution of documents memorializing the settlement terms, the Company agreed to convert the outstanding balance of St. George’s note into 7,900,000 shares of common stock (see Note 7) and St. George agreed to purchase an additional 1,100,000 shares for a purchase price of $110,000 at $0.10 per share.”

[VSAStory]

I believe it means GIGL received $110k upfront and SGI had 9,000,000 shares to hold or sell.