So I think there is a ton of information posted about who is managing the company in the Info Box about the management team. Give that a read and if you still have any questions, I'll be happy to answer them.
The second part about the holding company. Technically your statement is incorrect. See the quote below. There was GNH Inc and Giggles N Hugs Sub co. The two companies merged into the GIGL ticker. Basically Mr. Parsi had Giggles N Hugs set up as a subsidiary of GNH and when he took them public, he ended that setup to create just one entity. Nothing was spun off.
The second part about the holding company. Technically your statement is incorrect. See the quote below. There was GNH Inc and Giggles N Hugs Sub co. The two companies merged into the GIGL ticker. Basically Mr. Parsi had Giggles N Hugs set up as a subsidiary of GNH and when he took them public, he ended that setup to create just one entity. Nothing was spun off.
Quote:
On December 30, 2011, the Registrant completed the reverse triangular merger, pursuant to the Acquisition Agreement and Plan of Merger (“Merger”), by and among Giggles N Hugs Sub Co. (“Sub Co”), a Nevada corporation and wholly owned subsidiary of the Registrant, and GNH, Inc. (“GNH”), a Nevada corporation, whereby GNH became a wholly owned subsidiary of the Registrant.
Pursuant to the terms of the Merger, the Registrant accepted the resignation of its prior officer and director, Tracie Hadama and appointed Mr. Joey Parsi as President, Chief Executive Officer, Treasurer, and Secretary of the Registrant effective December 30, 2011.
