I agree with what you posted but let's see if this time he pulls it off. If he has some deep pockets backing the offering then there is a good chance he does expand.
If you've seen my posts here, you know I've been super critical of his lack of execution and if all we got were more LOIs, I'd be critical again.
I look for what is different now than before and the key element is these folks from Reeds/Raptor.
Parsi built three locations already so there is a precedence for him accomplishing that.
I don't know why he didn't expand since then, but if funding was the obstacle, maybe this time it gets resolved.
My biggest fear is Parsi trying to open too many stores at once. He does NOT have the manpower or experience to do that. It's great to have big goals, but also realistic ones.
McDonald's grew one store at a time at first. GIGL can follow that model of success. Opening one store a quarter for a year would even be huge.
I'm more optimistic now that a month ago. The pps is moving which is great. There is more investor interest, also great.
I'm fine with riding this current plan out for a while and see what happens.
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