I can only tell you what I have been told. No one is going to give GIGL a traditional business loan because they have no collateral. And they aren't going to just give him a million dollars (front, as you wrote) without collateral or equity.

GIGL is in the red, so they have zero collateral value.

People who have a million to invest don't do it with OTC stocks. At least the ones I know and they are successful. They have the money, but deals like this are too risky and don't make financial sense.

Of course there is a high probability that the stock goes up on a catalyst such as an investor committing cash to GIGL or a signed expansion deal in place.

But there is no investor on board (yet) and no expansion will happen without a cash infusion.

It's a given that if a strong catalyst happens, the pps will most likely go up...but not guaranteed. Not in OTC land.

I've had three different OTC stocks recently post outstanding quarterly financials and two of the three dropped the next day and never spiked on the great catalyst.

I think you are looking at all possibilities here, and I'm looking at probable outcomes.

There are two speed bumps to getting outside financing now.

1) GIGL is in the red still, after 7+ years.
2) The CEO. He's proven he cannot expand nor make GIGL profitable so he needs to step aside.