But how is he going to acquire a company if the company doesn't have any money? Who is going to want to accept GIGL stock in lieu of cash? I don't know too many financial advisors representing a seller who would tell a client to take that deal unless there is also a cash or debt component to it, too.
And what happens to the share price if he acquires a company for, say, $200k? That's another 13M shares of dilution at current PPS. So even an acquisition will have a negative drag on the stock price for years to come, unless that acquisition can generate more money than he's investing to buy it.
It seemed to me like he wants to acquire a company so he can use its cash flow as a way to secure more traditional financing, because right now Giggles books are more or less toxic to lenders. And whose fault is that, and why shouldn't we be worried that Parsi won't make the same mistake again?
Just a lot more questions than answers today. Intriguing is a good word, but the more I think about it, the more harebrained this scheme seems to be...sort of like accepting bitcoin for payment, or opening a third location in Bahrain.
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