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I dont know why anyone would touch this with a 20 foot pole. Look at the track record here...R/S, dilute, R/S dilute, and now another R/S...can anyone guess what comes next...
joe, with only, Unrestricted 338,344 04/29/2022, seems like most will hold for the higher $s coming with the up listing to NASDAQ coming soon
It declined due 2 things IMO, the first was impatient investors as you stated, this is the OTC after all, most are looking for a quick flip. The second IMO is due to lack of buying pressure and the default MM trading algorithms forcing a stock to trend down over time to a point where people start buying again.
Their goal in the split was solely to meet the NASDAQ $4 for 30 trading days requirement. If they are successful in up listing they will have an up to $28M capital raise in conjunction with the up list.
No guarantees here, but I like my chances.
Thanks JJ - very helpful. Did the stock decline from its highs earlier this year/late last year due to the reverse split or impatient investors or both or something else? Thanks as I’m looking to open a position here.
Of course they are going to be able to. The only reason they haven't thus far is they are pouring millions into developing the new marketplace, which according to PRs will have the ability to scale massively when it is fully launched.
Their existing site liftkits4less is turning a profit albeit small right now, but all those profits are eaten up in the expenditures for developing the new platform.
Autoparts4less with it's ability to eventually have thousands of sellers and millions of parts is the at scale money maker that will drive future revenues and thus profits.
Are these guys ever going to be able to clear a profit? Not bashing as I’m obviously new to this name. I like the business model but can they ever get to scale? Thanks
FLES just came up, with the corrected shares in my Schwab account, being green so far today
Yup, insider enrichment scam for sure.
FLES holding nicely today @ $10 SP with high of $12.91
Great post Joe, and good summary on FLES will be interesting next week once everyone can start trading
In 2 years from the last RS they went from 586k shares to 3.3Million shares, before converting their preferred shares to commons before the Revers split when there was till only 14M shares in the OS and the price was .70.
If their goal was to sell more shares they would have sold a lot more over the last 2 years than they did.
Not triggered at all, just tired of the passive aggression displayed by so many here. It went up on a small buy at the end of the day and while most still can't trade it yet it has held up that price pretty well. Next week will be very volatile, but we will see what happens.
The only reason to split when they did with their share structure and cost is to go to NASDAQ. If they wanted to increase liquidity, they should have done a forward split.
Remember management has no preferred shares any more, they converted a couple months ago and split with the rest of us mortals. Any future dilution or other bad news hurts them as much or more than us.
Waiting on the 8k announcing next R/S...should be released within the next few months
All they do is lose money, reverse split, and sell more shares... scam
Just responding to the “Rock Star” ending thread from the other day.
My apologies, didn’t mean to trigger you.
Hell if I know! I don't know what goes through people's minds. Why are you asking me for anyway?
RS i told it was coming. now it goes to where it was !!!!
Someone thought pushing it up right before the split would do...
what I wonder?
That was a rock star close right there
FLES: effective April 28,2022 The 4 Less Group Inc. will change to Auto Parts 4Less Group Inc. and a one for 10 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Sellers with a profile on Autoparts4less.com
Some have products listed, some don't yet, will add to the list when more are found.
autoparts4less.com/99 American Wholesale Parts - 48908 parts
autoparts4less.com/134 Wesdon Automotive - 645 parts
autoparts4less.com/185 Mek Magnet - No products yet
autoparts4less.com/215 Two Men One Garage - No products yet
autoparts4less.com/219 Wavian Fuel Cans - No products yet
autoparts4less.com/221 Motion Auto Parts - No products yet
autoparts4less.com/222 Rigid Hitch - 5 products
autoparts4less.com/228 Speedzone Performance LLC - No products yet
autoparts4less.com/238 Salt City Customs - No products yet
autoparts4less.com/239 Rudy's Performance Parts - 540 products
autoparts4less.com/252 Auto FX Stores - No products yet
autoparts4less.com/254 ISA Auto - 98 parts
autoparts4less.com/255 Gas Pedal Customs - No products yet
autoparts4less.com/257 KT Performance - No products yet
autoparts4less.com/263 Rock Bottom Truck - 5262 products
autoparts4less.com/264 R&B Accessories - No products yet
autoparts4less.com/271 Augusta Motorsports Premier Racing Supplies - 5 parts
autoparts4less.com/272 Creative Motoring - No products yet
autoparts4less.com/294 Boyd Perfomance Products - No products yet
Industry Partnerships
WHI Solutions - Home - WHI Solutions
Suredone - www.suredone.com
ASAP Networks - ASAP Network Automotive Data | Advanced Solutions For Aftermarket Products
Commerce Pundit - E-commerce Development and Marketing Agency | CommercePundit
*Channel Advisor - The Complete Multichannel E-Commerce Platform | ChannelAdvisor
*unoffical
Joe, I totally agree with your post and add that the FLES low share structure of just "Unrestricted - 3,333,384 - 04/14/2022" makes FLES ready for a big move up soon
"I see them building a platform that will be valued at 1Billion dollars by the end of 2025. They are simplifying and streamlining the online auto-parts industry."
https://stocktwits.com/Justjoe1979/message/453139382
If you are long on FLES, tell us why!
What do you see in the company that makes you believe?
I have talked with Chris multiple times and believe in what they are building. I have seen them follow through on everything they have said in the past few years. Not everything they choose to do I agree with and the road has been rocky, but I do believe they are about to cross that threshold where everything changes for the better.
I believe they will be a $1Billion company by the end of 2025! I welcome you along for the ride. They are going to shake up the world of auto parts e-commerce!
Great, I saw all your posts on STs
Thanks Joe, set up my account log in for https://www.autoparts4less.com
and have already been browsing the site, very impressive DPLS
I found 19 seller profiles on Ap4less.com today. Not all had product loaded yet, but many had their profile mostly flushed out. It will be exciting as more sellers sign up with more product. I may post links to all the profiles later today if I am not otherwise occupied.
I finally got around to tagging a few auto parts sellers on twitter. Perhaps if a few others do the same we can bring awareness of the new platform to many sellers large and small. Just a small way to help our investment.
Brand new channel for you to sell your parts!@RPMTESLA @evannex_com @UnpluggedTesla @JtecautoP @CARiD_com @Mullen_USA @BuyAutoParts @SummitRacing @4WheelParts @4skullkrushers @T14Distribution @meyerdist @channeladvisor @suredone $FLES @AutoParts4_less https://t.co/HvnyZTUNTK
— Justjoe1979 (@Justjoe19791) April 13, 2022
Thanks joe for your update & DD, FLES Long and Strong
It's really do or die at this point. 2022 will be the year the succeed or fail. I obviously hope for the former, the next 6 months will be interesting in my opinion.
The previous PR already stated they were coming off of record sales. They did about $10M in 2020 and they were at $9.5M at the end of Q321 and ddi ~$1M in sales over 4 days for the 2021 Black Friday weekend. I expect $12M+ in revenues and wouldn't be surprised by $13M+
That was on liftkits4less revenue alone. Since then they have added tires and wheels to that site with 99k+ options.
https://liftkits4less.com/wheels-tires
I expect $20M+ in revenues from liftkits4less alone in 2022, not even counting the new marketplace. I think 1st half 2022 will still be slow for the new marketplace, but 2nd half will explode IMO.
GLTA!
Right Rico, until investors wake up we might as well buy FLES while shares R on sale
People are sleeping on this….most still can’t grasp how big this platform can get and how little overhead they have compared to other sales channels….they are essentially a software company, not an auto parts reseller….very similar to Amazon business model, but in its infancy
The 4Less Group, Inc. has Launched their Proprietary Marketplace Software Allowing for Millions of Parts SKUs to be Listed and Updated Daily
https://www.otcmarkets.com/stock/FLES/news/story?e&id=2164165
Las Vegas, NV, March 23, 2022 (GLOBE NEWSWIRE) -- The 4Less Group, Inc. (The “Company”), (OTCQB: FLES), announced that they have launched a new proprietary marketplace software designed to seamlessly integrate functionality within the automotive parts big data environments. The Company’s new platform technology will provide the ability for millions of SKUs to be listed per day while allowing millions of product updates daily through the Company’s vendor friendly API. Additionally, the new software code, designed and built from the ground up, is believed to be unique and subject to protection as trade secrets in a way that the Company may reinforce such protection through patents in the near future.
The Company believes that one of the main advantages of this new software solution is the optimization of the integration to our existing product aggregation partners such as SureDone, which delivers additional efficiencies while enabling cost reduction without the need for a significant capital outlay.
“The new AP4Less software seamlessly solves extreme data base size challenges that are common to the automotive parts industry; It does so in a “serverless” environment while utilizing API calls for scalability, speed, reliability, and security. Additionally, our internal testing is producing significant speed test that out-perform many of the largest e-commerce sites in the market today.” Stated Christopher Davenport, founder and president of AutoParts4Less, Inc., the Company’s wholly owned subsidiary.
“Studies show that consumers prefer the value of a multi-seller marketplace -- we believe we now have the technology needed to offer buyers a one-stop-shop for the entire automotive parts industry that represent millions and millions of parts”, continued Davenport.
The 4Less Group, Inc.
The 4Less Group, Inc. is the owner LiftKits4less.com, an ecommerce aftermarket auto parts site as well as AutoParts4Less.com, presently in beta test phase, a multi-vendor online marketplace dedicated to automotive parts. When fully launched, AutoParts4Less.com will offer buyers a wide range of automotive parts for cars, trucks, boats, motorcycles and RV’s on a single platform.
With the launch of their automotive marketplace, AutoParts4Less.com, the Company expects to eventually have available for sale millions of unique SKUs, as well as multiple sellers for most SKUs listed which in turn will provide buyers with more options. The Company is working on developing best in-class technological modules to increase visitor conversions by adding how-to content and various other services to the websites. Current marketing and branding strategy presently consist of strong SEO traffic, pay-per-click as well as title sponsor of the 2022 and 2023 MotoAmerica Championship and the sponsor of various drivers in the NASCAR motor sports.
Additionally, as a platform business model, the AutoParts4Less.com marketplace is highly scalable and can take advantage of the network effect meaning as more sellers participate on the platform it will attract more sellers and thus more buyers.
Information on FLES can be found at www.the4lessgroup.com.
https://www.otcmarkets.com/stock/FLES/news
$4.00? LOL maybe $0.40....does not matter how you wrap a turd, a turd is still a turd.
correct joe, lets have a great FLES week and make it back to $1+
forget it there will be a RS!!!
As Rico said, with the current share structure the only reason for a RS would be for SP reasons to get to NASDAQ and if we as shareholders can make the $4+ SP a reality there will be no need for a RS.
If we can get the stock price above $4, maybe there won’t be one ….
Anyone live in Florida area and want to win Moto America tickets?
Winn free tickets to this weekend’s #Ap4less #MotoAmerica #daytona200 pic.twitter.com/fN3dnvlZkI
— Christopher Davenport (@AP4Less) March 9, 2022
Matt Jaskol Interview Pre-race Friday
Thanks for the input.
No, I am not currently a Discord user. I hear what your saying about the converted shares. I guess I was expecting a bit of an uptick in volume to go along with the dumping. Never really saw it.
Seems like the share price has been dropping since well before the conversion. Maybe that was in anticipation, maybe it was the approval of a reverse split, maybe some of both?
I still don't know what to make of the recent trading. I think of myself as long, (since 2018), but I sold almost all my shares at the anouncement of a reverse split and the implication that dilutive funding is necessary (again, been here since 2018). I anticipate rebuilding a stake after the split. I don't see this getting to Nasdaq without it.
Thanks again for the thoughtful response
I don't know if you are in the Mediatek discord, but Rico has done some fine analysis there on the restricted shares that have recently become unrestricted and have either all sold or almost all sold off now. According to the OTCmarkets updates on when those shares became unrestricted. The recent decrease in price below $1 was all due to restricted shareholders selling off their newly unrestricted shares and not retail holders, although a couple retail holders may have been spooked.
Now that those shares are all sold, there still isn't a lot of buying pressure and folks are worried and hesitant to buy if they have the funds. They suspect a dead cat bounce.
I know at least 1 individual on one of the discord channels said they tried to buy 100 shares at $1 to see if it would fill lower or get them at $1. This was yesterday and I think he said they filled at .99.
Today's fill was 500 shares @ $1, so some individual was placing a slightly larger but still small bet, possibly hoping to get filled lower than $1 as well but most likely still happy with $1.
The last 2 days show me that without the newly unrestricted shares selling this never would have gone below $1. Most longs and other retail did not and still are not ready to sell. There will be flippers of course, but if they have amazing news or an undeniable catalyst hit, this can easily go back above $4 IMO and there will be no need for a RS.
News that news is right around the corner though. About a week. Also the end of recently unrestricted share selling pressure. Also, no reason, IMO, that this should be trading so low to begin with.
The trading seems particularly strange yesterday and today.
No news, no volume, huge spread, someone buying shares (albeit only a few) at $1.00...just seems odd to me
Selling pressure seems to have stopped. Ultra small float. Big spread till more buyers come in.
Nice prediction!
Pretty good guess…..great day here
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