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  4. Giggles And Hugs Inc (GIGL) Message Board

I keep thinking as o/s increases, more and more sh

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Post# of 3935
(Total Views: 398)
Posted On: 12/09/2017 1:19:35 PM
Posted By: Honeycomb777
I keep thinking as o/s increases, more and more shares can be accumulated as just under 5% doesn't have to report.

I do believe that it's only a matter of time before either:

1) JP steps down / sells his stake

2) Somebody or group accumulates enough shares to vote him out


If I am JP, I try to avoid a rights offering (hence avoid dilution) try to retain 1-2M of his personal shares as PPS will skyrocket with a change of CEO and work a consulting deal that pays him say 75K/yr for 10 yrs. He is just not able to execute the growth strategy and had 9 yrs to think about it

AT say 18 cents per share x 25M shares , he could walk away with perhaps:

- $4.5M in his pocket

- 1.3M shares of GIGL stock which would go UP

- ~$75k/yr "consulting" pkg (maybe extended by 2 yrs if stock breaches 50 cents and then another 2 yrs if it breaches 75 cents and then a 1 time founders fee of $100K if it ever breaches $1.25 !


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