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FINANCIALS WON'T SAVE THIS!!MASSIVE-LOSSES;MASSIVE-DEBT!!GAME-OVER!!
LOW MARGIN BUSINESS
BRUTAL FLES 10K HIGHLIGHTS:
The Company may conduct further offerings in the future, in which case your shareholdings will be diluted.
The Company may rely on equity sales of common stock to fund operations. The Company may conduct further equity and/or convertible debt offerings in the future to finance operations or other projects that it decides to undertake. If common stock is issued in return for additional funds, or upon conversion or exercise of outstanding convertible debentures or warrants, the price per share could be lower than that paid by existing common stockholders. The Company anticipates continuing to rely on equity sales of common stock and issuances of convertible debt and/or warrants convertible or exercisable into shares of common stock in order to fund its business operations. If the Company issues additional shares of common stock, your percentage interest in the Company will be lower. This condition, often referred to as “dilution”, could result in a reduction in the per share value of your shares of common stock.
Item 1A. Risk Factors
Our Losses Raise Doubt As To Whether We Can Continue As A Going Concern.
We had an accumulated deficit through January 31, 2019 of $17,689,307 and had a working capital deficit at January 31, 2019 of $5,322,297. These factors among others indicate that we may be unable to continue as a going concern, particularly in the event that we cannot generate revenues, obtain additional financing and/or obtain profitable operations. As such, there is substantial doubt as to our ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty and if we cannot continue as a going concern, your investment in us could become devalued or worthless.
We cannot assure you that we will effectively manage our growth.
The 4LESS Corp expects to continue hiring additional employees, launch new products and websites. The growth and expansion of our business and products create significant challenges for our management, operational, and financial resources, including managing multiple relationships and interactions with users, distributors, vendors, and other third parties. As the Company continues to grow, our information technology systems, internal management processes, internal controls and procedures and production processes may not be adequate to support our operations. To ensure success, we must continue to improve our operational, financial, and management processes and systems and to effectively expand, train, and manage our employee base. As we continue to grow, and implement more complex organizational and management structures, we may find it increasingly difficult to maintain the benefits of our corporate culture, including our current team’s efficiency and expertise, which could negatively affect our business performance.
Our expansion places a significant strain on our management, operational, financial, and other resources.
We are expanding our operations, including increasing our product and service offerings and scaling our infrastructure to support our online retail business. This expansion increases the complexity of our business and places significant strain on our management, personnel, operations, systems, technical performance, financial resources, and internal financial control and reporting functions. We may not be able to manage growth effectively, which could damage our reputation, limit our growth, and negatively affect our operating results.
Our costs may grow more quickly than our revenues, harming our business and profitability.
We expect our expenses to continue to increase in the future as we expand our product offerings, expand production capabilities and hire additional employees. We expect to continue to incur increasing costs, in particular for working capital to purchase inventory and marketing. Our expenses may be greater than we anticipate which would have a negative impact on our financial position, assets and ability to invest further in the growth and expansion of our business.
The loss of one or more of our key personnel, or our failure to attract and retain other highly qualified personnel in the future, could harm our business.
The 4LESS Corp currently depends on the continued services and performance of key members of its management team, in particular, its founder and CEO, Chris Davenport. If we cannot call upon him or other key management personnel for any reason, our operations and development could be harmed. The Company has not yet developed a succession plan. Furthermore, as the Company grows, it will be required to hire and attract additional qualified professionals such as programming, accounting, legal, finance, marketing, customer service and any other required experts. The Company may not be able to locate or attract qualified individuals for such positions, which will affect the Company’s ability to grow and expand its business.
THE SIMPLE MATH BEHIND TIM'S PLANNED-DILUTION--10-BILLION-SHARES!!
YOUR CROOKED CEO, TIM ARMES, HAS TO PAY OFF ABOUT $3 MILLION IN DEBT FROM HIS PREVIOUS SHELL'S LOSSES!!
IN ORDER TO DO SO, HE WILL HAVE TO DILUTE AROUND 5-10 BILLION SHARES!
AUTHORIZED SHARES IS 20 BILLION!
POOF... ALL OF YOUR MONEY IS GONE!!!
EVEN AT CURRENT PRICES HE'D HAVE TO DILUTE 300 MILLION... BUT THAT MUCH DILUTION WILL TANK THE PRICE AND DROP IT SUBSTANTIALLY.
SO, HE WILL NEED TO DILUTE BETWEEN 5-10 BILLION, AS THE PRICE WILL DROP TO AROUND $.0005 - $.0001 -- OUCH!!!
SIMPLE MATH:
5,000,000,000 X $.0005 = $2,500,000
OR (TIM WILL WANT TO PAY HIMSELF AND HIS CRONIES):
7,500,000,000 X $.0005 = $3,750,000. THE STOCK WILL PROBABLY GO TO $.0001 TO FACILITATE THIS... HENCE, THE $10 BILLION FIGURE!!!
ANY MONEY THROWN AT FLES TO AVERAGE DOWN WILL ONLY DELAY THE INEVITABLE!! PERIOD!!!
LIFT KITS IS A VERY SMALL MARGIN BUSINESS!!! READ THE BALANCE SHEET AND LEARN ABOUT MARGINS!!!
THERE ARE NO BARRIERS TO ENTRY ON THIS BUSINESS!! AMAZON CAN WIPE THEM OUT IN A DAY, IF THEY FEEL LIKE IT!! THERE IS NO WAY OUT OF THIS AND TIM KNOWS THAT DILUTION IS THE ONLY WAY HE KEEPS THIS GAME GOING... WITH YOUR MONEY!!!
I'M NOT DOWN 99%!!LOL!!SHORT-SQUEEZE-DEF-FOR-BEGINNERS-HERE:
What is a Short Squeeze?
A short squeeze is a situation in which a heavily shorted stock or commodity moves sharply higher, forcing short sellers to close out their short positions and adding to the upward pressure on the stock. Short sellers are being squeezed out of their short positions, usually at a loss. Short squeezes are generally triggered by a positive development that suggests the stock may be embarking on a turnaround. Although the turnaround in the stock’s fortunes may only prove to be temporary, few short sellers can afford to risk runaway losses on their short positions and may prefer to close the position even if it means taking a substantial loss.
EDUCATED INVESTORS KNOW THAT BIG SHORTS-ARE-GREAT-FOR-A-GOOD-STOCK!!LOL!!!
NOTHING COULD BE BETTER FOR A GOOD STOCK THAN HUGE SHORT INTEREST... IT MEANS THAT A MASSIVE SHORT SQUEEZE HAPPENS WHEN GOOD NEWS COMES OUT WHEN THE SHORTS ARE FORCED TO COVER!
UNEDUCATED INVESTORS WHINE AND COMPLAIN ABOUT SHORTS, WHEN IN FACT, NOTHING COULD POSSIBLY BE BETTER FOR THE STOCK!!
HOWEVER, WHEN IT'S A BAD STOCK... WELL, NOTHING WILL SAVE A BAD STOCK LIKE FLES!!!
FLES HAS: MASSIVE LOSSES!!! MASSIVE DEBT!!! CRIMINAL CEO!!!! MASSIVE DILUTION!!! MASSIVE POTENTIAL TO GO TO TRIP-ZEROS!!!
TIM, THE CROOK CEO, HAS PLANNED TO DILUTE THIS CRAP STOCK FROM THE VERY BEGINNING!!!
HE HAS PLAYED EVERYONE FOR FOOLS BY SUCKING THEM IN WITH PRs JUST AS THE MERGER/NAME CHANGE HAPPENED!!!
THIS WAS BY DESIGN TO WHIP UP A FRENZY AMONG THE MOST UNEDUCATED AND SUSCEPTIBLE INVESTORS/TRADERS!!!
SORRY, BUT THESE ARE THE INDISPUTABLE FACTS!!!
TIM HAS STOLEN FROM ALL THE INVESTORS HERE!!! PERIOD!!!
CROOKED TIM IS STEALING ALL YOUR MONEY--PLANNED-ALL-ALONG!!LOL!!!
AVERAGING DOWN HAS BEEN A TOTAL DISASTER!!!
MARKET CAP ANALYSIS HERE HAS BEEN A JOKE... AND TOTALLY WRONG!!
BOTH RECENT PR/IR GUYS CAME RIGHT OUT AND SAID THAT THIS DILUTION WAS ALL PLANNED!!!
THE ENTIRE PLAN WAS TO RELEASE PRs JUST AS THE CRAPPY MERGER/NAME CHANGE WAS HAPPENING IN ORDER TO WHIP UP A FRENZY WITH ALL THE UNASSUMING -- AND UNEDUCATED -- PENNY STOCK INVESTORS!! ALL HE IS DOING NOW IS KEEPING THIS JUST ABOVE A PENNY TO SUCK IN MORE AND MORE SUCKER MONEY... TO ONLY FURTHER DILUTE THE CRAP OUT OF THIS!!
WAKE UP!!!! THIS WILL GO TO SUB-PENNY LAND!!! PERIOD!!! IT'S JUST A MATTER OF TIME...
WELL, ONLY 19.99 BILLION MORE SHARES LEFT TO DILUTE!!! LOL!!! AUTHORIZED SHARES ARE 20 BILLION!!
THIS STOCK WILL NEVER RUN!! MASSIVE DEBT!! MASSIVE LOSSES!!! MASSIVE DILUTION!!! CROOK CEO!!!
TIM HAS PLAYED EVERYBODY HERE FOR FOOLS AND HAS PLANNED THIS ALL ALONG; THAT IS, MERGER/NAME CHANGE AND DILUTE INTO OBLIVION TO PAY OFF DEBTS AND LINE HIS POCKETS!!!
BUYING THIS STOCK WILL ONLY FEED THE DILUTION BEAST -- ALL YOU ARE DOING IS PUTTING MONEY INTO TIM'S DILUTING POCKETS!!
I'VE BEEN 100% ACCURATE ON iHub!! PERIOD!!
YOU SHOULD ALL DEFINITELY TRASH LIFT KITS 4 LESS ON SOCIAL MEDIA -- THIS IS YOUR ONLY WAY OF FORCING TIM AND CHRIS TO STOP LOSING YOU ALL OF YOUR MONEY!!! IF ENOUGH BAD REVIEWS AND COMPLAINTS COME OUT ON FACEBOOK/GOOGLE, THEY WILL BE FORCED TO TAKE SOME ACTION!!!
Exactly, I stated that it was JUST-ANOTHER-FLY-BY-NIGHT-DISTRIBUTOR!!
RIK'S BEHAVIOUR MAKES ME SO SICK THAT IT ALMOST MAKES ME WANT TO START AN OTC COMPANY AND DO THE SAME SCAM... EXCEPT THAT I COULDN'T LIVE WITH MYSELF, BEHAVING LIKE SUCH A CRIMINAL AND LOSING MASSIVE AMOUNTS OF MONEY FOR UNSUSPECTING INVESTORS!!
Hopefully the SEC slaughters Rik and sicks the DOJ on him and he goes to jail!!
SURE, ONLY 19.9 BILLION SHARES-LEFT-TO-DILUTE!!LOL!!! AUTHORIZED SHARES ARE 20 BILLION!!
AVERAGING DOWN HAS BEEN A TOTAL DISASTER!!!
MARKET CAP ANALYSIS HERE HAS BEEN A JOKE... AND TOTALLY WRONG!!
THIS STOCK WILL NEVER RUN!! MASSIVE DEBT!! MASSIVE LOSSES!!! MASSIVE DILUTION!!! CROOK CEO!!!
TIM HAS PLAYED EVERYBODY HERE FOR FOOLS AND HAS PLANNED THIS ALL ALONG; THAT IS, MERGER/NAME CHANGE AND DILUTE INTO OBLIVION TO PAY OFF DEBTS AND LINE HIS POCKETS!!!
BUYING THIS STOCK WILL ONLY FEED THE DILUTION BEAST -- ALL YOU ARE DOING IS PUTTING MONEY INTO TIM'S DILUTING POCKETS!!
I'VE BEEN 100% ACCURATE ON iHub!! PERIOD!!
YOU SHOULD ALL DEFINITELY TRASH LIFT KITS 4 LESS ON SOCIAL MEDIA -- THIS IS YOUR ONLY WAY OF FORCING TIM AND CHRIS TO STOP LOSING YOU ALL OF YOUR MONEY!!! IF ENOUGH BAD REVIEWS AND COMPLAINTS COME OUT ON FACEBOOK/GOOGLE, THEY WILL BE FORCED TO TAKE SOME ACTION!!!
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