Ok. Let's assume that is true. Why then, did so many other restaurants who received the same PPP loans and didn't owe nearly as much money to their creditors end up closing their doors?
Considering Chuck E Cheese is open (and has been for months), why is GIGL getting a pass not to reopen? What makes GIGL's creditors think they are ever getting their money back?
They may not be technically breaking securities laws based on the letter of the law, but they sure as hell are breaking the spirit of it. Publicly traded companies MUST disclose material information to THE PUBLIC, not just individuals of "management's" choosing.
The CEO is now selling real estate and telling people of his choosing that "management" has everything under control. What the fuck does that mean?
If the SEC gave a damn about protecting investors, it should require them to read a case study about this total lie before being allowed to invest in penny stocks.
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