Replies to post #35041 on Giggles N'''''''''''''''' Hugs Inc. (fka GIGL)

[LongTermGiggler]

Shorts, you've presented a very strong argument against yourself in your argument!

"The two entities who have come forward were not able to negotiate a deal with Parsi."

"Parsi didn't start $GIGL wanting to be in the position they are in now. But he is backed into a corner by way of consequences of their mistakes with few options left and getting more scarce as days go by."

You said it yourself right there: Parsi's hand has gotten weaker. Nothing about the business has changed, except they've worked out more kinks and have offloaded their convertible notes. The value of the business has increased while Parsi's negotiating leverage has decreased. To me, that makes the chances of a deal more likely.

Please, please, please put us out of our misery before the weekend!!!!!

[Honeycomb777]

All I can tell you SF is that over 18.4M shares were accumulated since 9/25/17 to present. You make my entire point, really, and that is since they were in fact accumulated if you or I don't know by how many, how would Parsi know ?

If this is such a dog - why all the accumulation then ? Are we to believe that all of that is just retail...based on what you state, they would all be crazy to do so, right ?

Is it more likely that it was just 2 or 3 - I would say yes considering the timing and that it happened 3 weeks after the notion of a rights offering was made public. You don't find the timing interesting especially when everybody knew Bahrain wasn't happening as Sept came and went with no news on that front (after months of waiting / "Ramadan";). The vast majority of the accumulation happened in October SF.

So - the answer to your specific question is NO - just like you have no idea how many accumulated but I can tell ya it did happen as that is a FACT. This entire setup of an offering is risky to Joey if he wants to retain voting control IMO. Leaves himself open