Replies to post #36576 on Giggles N'''''''''''''''' Hugs Inc. (fka GIGL)

[-NightTrain-]

Nuf said:

You get to a point where the investment is considered a write-off.

The curent sentiment is that if shareholders are going down, Joey is going down with them.

The taint of an SEC investigation will all but assure Joey is never able to raise funds through a public market again. That, coupled with a potential bankruptcy, coupled with his being "allowed to resign" from TD Ameritrade, coupled with his involvement at Barron Chase where the main man there was arrested for sketchy dealings...etc, etc.

I think most people realize that when Parsi basically gave himself a $95k bonus, at a time when the company's future is in danger due to poor financials, and then blatantly lied about stepping down as CEO to move into a new role...that is the final straw.

So the investment goes belly up. Oh well. The feeling of Parsi's dumb look when the SEC stops by to do some research is worth it.