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Posted On: 10/19/2017 7:22:10 AM
Post# of 3935
Re: Honeycomb777 #3684
That's a better plan than he has now, which is have shareholders fund their expansion, which by the way, isn't going to work. We aren't putting up $5 million.
Even if 100 investors jumped in and put up $5,000 each, that's only $500,000 and I don't even see that happening. No one's putting up money for $GIGL now.
Parsi promised way too much and cannot deliver. The 2017 plan went from 6-12 stores, down to six (Jillian's statement), to two in Bahrain, to nothing.
More dilution isn't the answer. I'm still not clear why he can't use the two existing stores as collateral for a traditional business loan.
We are still missing some information here.
Even if 100 investors jumped in and put up $5,000 each, that's only $500,000 and I don't even see that happening. No one's putting up money for $GIGL now.
Parsi promised way too much and cannot deliver. The 2017 plan went from 6-12 stores, down to six (Jillian's statement), to two in Bahrain, to nothing.
More dilution isn't the answer. I'm still not clear why he can't use the two existing stores as collateral for a traditional business loan.
We are still missing some information here.
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