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The same delusional pumpers speaking amongst themselves all day, everyday. Acting as if the 10Q will make them instant millionaires. Maybe if you say it enough it might happen?
It was hard selling my once 5 figure position for only 3 figures, but I don't think this will ever recover to make anyone that would consider themselves long a profit. I thought Tim was to blame for the downfall of Fles, but Chris's incompetence as a link between shareholders and the company was the ultimate failure. I won't come back to this board and post negative reactions like many of you. Once you are out of a stock you have to move on. While I would like to see Timothy Armes and Christopher Davenport held accountable for their actions, they will one day face the impacts of their actions. Best of luck to you all.
In an attempt to regain my losses, I invested $4k into LAHO, on Thursday before close. The damn thing gets halted the next day by the SEC. Big rip to my money.
Thinking about throwing in the towel at a 92% loss. Seems like a dumpster fire. A company with so much potential taken down by 2 incompetent, greedy, scum bags. May revenge one day catch up to them.
Looking at the L2, could be coming to AH today or PM Monday. Something just isn't right. Here is to wishful thinking!
And then flip it at .015 and hurt everyone else.
Yesterday DKEZ noted that FLES shell status was removed. Today we get an updated OS with a verified transfer agent. Fles is currently clearing all the obstacles associated with the OTC that will allow them to post the fins. IMO, they are coming this week.
Look, Tim is a good guy, if you talk to him he genuinely cares about the company. While many on this board may disagree with me, just know that what has happened to the share price over the past 6 months was noteholders dumping. Tim couldn't get favorable financing from the big dogs because MCGI is a pink sheet company. He had to take on toxic debt to help grow the company. Now that the debt may be close to being paid off, and with the 10k being released any minute, it is no doubt that we are about to fly. In addition, once Fles files the 10k, they can then do an S1 and receive the financing that will be favorable to both the company and shareholders. Fles has been brought down by dilution and market makers, the rebound is coming. Over 8.3M in revenues and currently sitting with a $320K MC. Hang on tight, Fles dollars for pennies!!
This is a group of shorts and mixed in dilution driving this share price down. The fact that we dropped 50% on 1.1M volume goes to show that it is more than just dilution. We are most likely sitting at roughly 16M O/S at a .01 pps. Really? This is how much companies that are essentially a shell go for, maybe even more. I'm not saying this won't continue to drop, but looking at the bigger picture something is going to give in.
You are the same person that said that Fles was lying about their 8.3M in revenue in 2018 when there was 3 sources cited as evidence. You went so far to claim that you believed 8.3M was a lie and they “probably” made closer to 1M in revenue. Here you are today, still disputing the 8.3M in revenue for 2018 even after the consolidated report backed it up. Sigh...
Laughing out loud!!!
You are actually crazy.
A lot of the capital that was raised from the dilution of MCGI was put towards creating an outstanding e-commerce platform that is only growing quarter by quarter. It sounds like the by the next quarter, sales from the Ecommerce site will surpass sales on both Amazon and Ebay. Just look at the site as a consumer, it is easy to use and gives all the options you are looking for in relatively few clicks. It is going to be the backbone of Fles and one that will pay off with time.
Well, MCGI, a public company with massive debt, essentially a shell, merged with 4Less, expanding business with great revenue for the pink sheets. They merged into Fles and started trading at .60, or .0001, which was the former price of MCGI. Many, including I, thought dilution was over as MCGI went from hundreds of millions to billions of shares. So, we invested back in April with the hope of seeing the awaited 10k of Fles, which would shine a light on how great of a company it was and bring about a major reversal to the pps of Fles. At that time, there was a 2M OS, so everyone was thinking the 10k would put us at $10-15 a share. Then in Mid-May, when the 10k was expected to be released, it never got released. Instead, Fles management said we will release end of next week. End of next week shows up and still no 10k. Then it became shortly and than soon. In the mean-time, no one suspected dilution was taking place. We had seen a run from .40 to $2 in 1 day with light volume, so this was one of those stocks which could run easily. Time goes on and volume increases. Then we get an 0S updated in early June that put us around 5M OS, which wasn't too bad considering we were trading at like .30 and had over 8M in revenue. So, here we are today, dilution continues, the revenues are solid, over $8.3M confirmed in the recent consolidated report. The accountants are still working on the 10k, and, well, many think the 10k will bring change. As of now, the 10k is 3 months late and we really have no idea when it will be released, but in the mean time shares will continue to be diluted. But let me get this straight, we dropped close to 50& on what 1M shares? This is very undervalued. If this continues, we will have a 17M OS and be sub penny. There is value in this company, and the CEO and fellow longs know it as well. We just need market sentiment to be bullish, and that hasn't happened in a while. Once the 10k is released things will change for the better, but it is not a matter of if but when?
The O/S is 14-15 Milion. I know, so undervalued.
RS isn’t even on the horizon. Why would they even RS if they have absolutely no intention on getting into the NASDAQ. The OS is small. Believe me, RS is not happening
Nothing is stopping you from calling Tim. 972-489-6300. Ask him anything you want, just know he is not dumb enough to say anything that has not been made publicly available.
Just got off the phone with Tim. Honestly, they really are doing everything they can. Fruci is still working on the 10k. Yes there is dilution, but there may be some positivity. Tim told me that once the 10k is released, they can file an S1 and receive favorable loans that would be a hell of a lot better than what is currently going on. Right now, with no 10k being released, Tim can’t seek any other ways to raise money other than noteholders, but once the 10k is released, it will be different. I tried to see how much debt we currently have, as it is directly tied to the dilution, but the only response I got was we will see in the 10k. On the other hand, Fles has created an e-commerce platform that is growing and generating more sales than EBay and Amazon which means an even greater profit margin, as they are no longer paying 12% fees. Here is my advice, currently, with what is publicly available, we only know how much revenue there is, which is very positive for a pink sheet company, but we don’t know how much debt there is. Hold off on buying an shares until the 10k is released. Once we see how much debt is left to be paid, than we can begin to assess a good price to buy more shares. Right now, we don’t know if there is 5M or 200k in debt, but if one thing is for sure, the debt is to expand and grow the company I guarantee that. Tim made a very good point, this is the pink sheets, in this market companies aren’t based off of financials but the market. Once the 10K is released and it becomes clear of what Fles really has to offer, this will bounce. But for now, no point in adding as dilution isn’t going to stop until we see the 10K and can file an S1 for better funding. If there is one thing we can can hope for, it is that the 10k comes soon. At this rate, we are pushing 1 million shares diluted every day. If the 10k isn’t released for the next month, FLES will easily have a 50M OS. I’m personally hoping the 10k comes out while the SS is under 30M so we can really go on a mega run, but at the end of the day, Fles hasn’t released bad news to drive this down so much, it is just the markets reaction and dilution. With pink sheet companies, you can drive the pps down 95% for no reason, but in return, you can also drive the company up 5000% for no reason. It is quite obvious we are heavily undervalued, and my next add will be when the 10k is released.
This is getting out of hand. Sad to see this happen. Did expect some positivity within the share price for a while now, but I have to come to accept that I will most likely lose 100% of my investment. I was to busy caught up with the mindset that if they can bring in 8.3M in revenue then that is what the company should be worth, but in the OTC it doesn’t work like that. Dilution has been kicked up a notch from 400k a day only 2 weeks ago to what is now expected to be over 800k a day. I hope it stops soon and we can finally get the run that we all deserve, but I am losing hope. At this point I hope to walk away with a quartet of my initial investment. I will give Tim a call, but I will most likely be told by him that none of this is his fault and this is all the noteholders. Best of luck to all, no point for me to sell at the 52 week low, just hoping for a well-deserved bounce soon.
It’s still there, just not showing. The 2 million bid was placed under Nite. There currently is a higher bid on Nite at .203, therefore it won’t show the 2 million bid. You can’t have the same market maker showing up more than one time in the bid.
We will have our day soon! Look at D,C,G,D. Over 58M O/S with a MC of 120M. Less than 16k in assets, with no confirmed revenues for the past 10 years! It is currently trading at .50 pps. Fles has over 8.3M in revenues and has 13.5M OS/S with a MC of 250K. Fles is currently trading at .02 pps. Just look at Fles with a bigger picture. Growing revenues, increasing gross profit, expanding sales through the acquisition of multiple warehouses. Partnerships with top companies in the car industry. While I question how we are trading this low, I know we are due for a big bounce.
Adding $5k next week on Friday. Hopefully, that brings my share count to 350k. Too easy of a gain coming to ignore this. Rate of dilution is 300k a day. I have no doubt that the 10k will only be the start of a PR blitz. So many catalysts to report, the fact that none of it has been put into a press release is odd, to say the least, but I have a feeling Chris and Tim want to release the 10k before anything else. Here's to hoping it comes next week.
Td. Deposit on a Thursday before 6pm, get it by Friday 8am, but you have to set up a bank connection which takes at least 3 days.
I still think that dilution has slowed down. I still stand by my statement that Tim is not diluting, it’s the note holders selling. I am still confident that we will rebound.
Goofy thinks his rebuttal was valid, when 90% of it was just, "Since I think it, it must be right!" kind of attitude.
Well, in response to your feedback regarding reason 1, the overall topic being discussed was how Timothy Armes was a "Known Scammer". While I may have not represented the overall Jobs.com outcome 100% accurately, I only referenced it to help legitimize Timothy Armes position in the market, and help defend against Goofy's claim that he was a scammer. On the other hand, I appreciate your feedback!
It's easy to point out 10 reasons that would startle a potential investor, but let's look closer into those claims.
1. Tim built Jobs.com and sold it for more than $50 million dollars. While some may see his time as ceo of Nurses Lounge was quite pitiful, how exactly was it a scam?
2. With more and more people having higher disposable incomes, and car ownership being at an all-time high, the niche market place for car accessories/modifications is only getting bigger with greater demand from all over the world.
3. Amazon charges high fees to sellers, in excess of over 15%, hence why 4less opened up its own website to avoid these high fees. 4Less, on the other hand, offers to lift kit sellers the ability to place items within their warehouses and not be charged until the sale of the given items.
4. While 2018 10K may have shown a good deal of debt, it is quite clear through the clear presence of dilution in both FLES and MCGI, that much of these debts have been cleared. In addition, how can you assume how much debt FLES has when the financials haven't even been released? LOL?
5. In 2018 we pulled over $8.3 million with gross profits of over $1 million. In 2019, we are on track to beat that with $2.25 million in Q1 with gross profit at $750,000. If this stays consistent for the rest of the quarters in 2019, that would put FLES at $9 million revenue with over $3 million in gross profit.
6. When MCGI merged with FLES, MCGI used a completely different accountant than FLES, therefore it would've been easier for MCGI to switch to the accountants FLES were using (Fruci) to make the auditing much easier and efficient. Why they chose to do that at the last minute, no one really knows. It is clear through both calls with Fruci and Fles CEOs that the 10k is still being worked on.
7. Tim has been known as a dilution machine, but some may think it's to fund his lifestyle (questionable), or it is simply to help expand FLES so that it can target a greater customer-base and generate a greater profit?
8. The only name change associated with Timothy Armes is changing Nurse's Lounge (MCGI) to FLES due to the merger. Nurse's lounge was a public company while FLES was private. FLES wanted to become a publicly traded company so they merged with MCGI. Seems simple enough to understand.
9. Steffan had to take on a much larger role, with the recent acquisition of another company, therefore he didn't have the time needed to respond to FLES shareholder's questions, so he delegated the role to one of his colleagues. The news is there. It's not a secret.
10. For some, OTC/PINK stocks can be very lucrative. While you may have had a terrible experience trading OTC/PINK stocks, it doesn't mean every one of them is a scam. Really???
Your 10 reasons have been debunked, and with a little research, it isn't hard to see right through them.
Tim's personal number is 972-489-6300. I can guarantee you he will answer your call. Just make sure your number is public and not unknown and he will answer.
Dilution isn't even extreme enough for the price to be justified. We are probably at 10M shares with a .022 price?? Doesn't make sense. At this rate, if we hit .01 next week, the company will be valued at a little over $100k. It is due for a price correction.
They made 2.25M Q1 2019, with 750k gross profit. Low-margin?? Lol?? You are so goofy!!!
Goofy, you sure are goofy! Maybe it's your eyesight or your lack of ability to be able to comprehend long numbers. Cleary that is 167M not 1.7B. Nice try Goofy! Stay Goofy, because it sure is fun for the rest of us to see you being Goofy! Just remember, we are laughing at you, not with you!!
Tim took on debt to grow the business in return for notes. Tim is not diluting, it is the note holders selling their shares. Depending on how much debt Tim has gotten into since the last financials will ultimately tell just how much more dilution their is. Keep in mind, while many may feel Tim is doing this for his gain, much of this debt is to expand the business through bigger and more warehouses.
In a conversation with Tim, he did ask me if I have ever seen the IHUB page and whether I visit it frequently, and I told him once a week. I asked him the same question and he said he monitors it regularly. You best bet he reads these messages.
Couldn't be possible. I would make $2,000,000 off of a $3,000 investment. That is unheard of unless of course, it is Bitcoin.
It went from a $4M valuation to what is now a $400k valuation, all with the same revenue. Won't be hard to get back to that $4M valuation or even to where we should be at ($8M valuation). To go to .01 would require 200M shares, at this rate it would take over a year.
This moved from .04 to .09 so easily. This will fly when it's time. I honestly hope the time is soon. Been here for a while now, and it would be nice to see some movement upwards. We got a little hint of it last week and it felt great. If we can start a bullish run this week and finish above .30 that would be amazing. I'm damn ready for something to happen, and so is everybody else on this board. I believe the dilution is for a purpose, therefore I don't stress too much over it. Here's to a great week!
Added at .0375. Next add will be below .03, unless we trend in the mid 3s for a week.
Smart traders are entering now. OS less than 10M. Around 9M revenue. Dilution looking to be at the end. Catalysts right around the corner. This is the time to get in and ride the wave. Buy the rumor sell the news. People will be buying the hype when the 10k is released. Don’t be that person, get in early.
Sirpeter's guess about when the 10k is to be released is as good as anyone's guess out picking the next winning Powerball ticket. He said it be done last week, now he's saying next month. No one knows how much work it really is. Maybe they are doing the 10k and 10q together to save time? Wow, that would be great! 2 for 1. News4less.
I don't know if today was a fake confirmation of a bull run or the start of a bull run. I am interested more than ever to purchase a boatload of shares. It appears as if dilution may have finished off, however, I will definitely want to confirm that tomorrow. If dilution is cleared, and the 10k is only days away, we are in a good position to move forward and get out with a profit. Here's to good days ahead!