Replies to post #34218 on Giggles N'''''''''''''''' Hugs Inc. (fka GIGL)

[ShortsFail]

There is no backstop though. In one of their recent filings, they specifically made the update that there is no backstop.

I know some people (not you) said that $GIGL is lying and there is a backstop. But, until we see otherwise, I prefer written company documentation over an outsider's opinion.

"Page 27, The Rights Offering-Determination of Subscription Price: Deletion of reference to backstop purchaser. There is no backstop purchaser."

https://ih.advfn.com/p.php?pid=nmona&article=76896414

Also, some suggested they have some deal(s) in the works but are intentionally withholding these deals from us. They cannot sit on that information and disclose it later for dramatic effect. Legally they have to report that material event(s) by 8-K within four days.

https://www.investopedia.com/terms/1/8-k.asp

So, legally, what we see now (nothing) is what we get until we see proof otherwise.

[mrdrifter]

I don't have PM but I'm not going to worry about until it becomes an everyday thing. It only accounted for 5400$ yesterday.