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Giggles And Hugs Inc GIGL
(Total Views: 190)
Posted On: 04/03/2017 7:17:00 AM
Post# of 3935
Posted By: Gimme Water
Re: cleanliving #1969
In a January interview, the CEO has stated that the mall owner wants them back after renovations. If you read the last quarterly you see that they've been struggling to make lease payments and consistently renegotiating terms which has resulted in higher outstanding balances on both long term leases and promissory notes. In fact, as of September 16, they were in default on certain payments. Can they overcome this? I think yes, but it is important to accept certain risks. Recent Pr's point to possible increased cash flow so the next Q will be very telling.













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