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What are they going to do with this company?
Nobody reviews anything on Q’s, the company produces unaudited unreviewed statements and posts them to Edgar, so this change will it impact any reports still not filed
This seems to fit in with a comment made Monday regarding Chris taking back control of the financial reporting process, if true, and Frucci really does has a bad rep for being involved with companies that delay and dilute, then this seems to make good sense
No auditors involved in Q’s, at least at real companies.
Significant difference
Typically no auditors involved in the Q's, no benefit and way to costly, the internal accounting team put Q1 in the tank months ago, it is straight up fraud at this point.
I would think after two auditors and 9 months to complete the K, we should expect some sort of negative impact regarding the purchase transaction last summer, otherwise why the changes and hold up since May?
Who do you think is going to lend them money with their balance sheet and falling knife stock price?
No worries, its just a little review right?
And added to the OS when converted, not when sold
And when were those notes you know so much about sold into the market, for how much and what company received the funds
No rule
Q2 isn’t due until 15 September
So first you just flat out lie, then when you are called out with facts and truth you obfuscate with your make believe ideas about what might be, your usefulness in this conversation regarding FLES has run its course, thanks for coming by
That money was received years ago, what are you talking about, it’s debt, debt that has been in the books long before the reverse merger, they have received zero cash from that debt into 4Less?
Quarterly reports are unaudited
I think major PR including indication of Q by end of next week, seems to soon to post the financials without some word from management first
Monday run with OS Update, 10Q, or PR on one of the many topics outstanding including debt and dilution, breaks a dime and holds above awaiting next catalyst. I expect we will get many catalysts between now and the 15th of September when we may be sitting at as much as $5 per share.
Or this continues to prove itself as a Tim's way out of debt with more large scale dilution (1m per week) until he has all debt through 2020 covered.
The first quarter Q will be important because we will get a first look at actual profit and cash flow without all the impairments brought to the K by medcareers.
Do they drop another after hours unexpected bomb on us today, management update with some good news, Q, OS Update?
Who has the cuck in their mouth now :), we may be all the way back to .01 before the week is out, no relief until Monday is my guess.
Why would I crap on something I own a shit ton of? Again, just being being realistic, not counting my millions this morning like some.
No short here, go read my posts from the beginning, I'm just a realist that accepts the facts in front of him, and the facts are that the possibility exists that this report is not the catalyst for a moon shot like some think
Or be one, whatever makes you happy dude, eyes wide shut and all
Don't be an a$$, engage in dialogue and debate like a mature human please
Can you provide location of warehouses (as in multiple)? And what was the reason for said "manipulation"?
In the meantime, the bid and ask are moving up :), can't argue with that!
We are agreed, still there has been no explanation as to why the miss from the original projection of almost 10%. It is the lack of detail communication, follow through, transparency of plans that will continue to be a drag on this stock in my opinion.
I am preparing for a quick jump and then flop, as flippers flip and investors question what is going on with this company given there has been no additional management update this AM to follow the financials.
Are they still dumping shares to cover debts? How much more? What are the remaining/ongoing operational cash requirements of the business and how many more shares will they dump in order to get cash neutral? What does Q1 performance look like? How many vendors have they signed to the small biz program? Institutional Investor? Billion $ Supplier? Uplisitng?
Still a long way to go here.
No additional news this AM and the only bright spot in the fins is that they hit the $8.3m revenue #, although down from originally projected $9m.
Without some details on debt and dilution, performance in 2019 and plans for the future, we could be in a holding pattern for a little while yet as this thing stagnates or falls slightly before heading north into Q4, even if we have a small pop this AM.
IMO
Anyone else notice how both the bid and ask have tumbled after hours since the K is out? Not sure it matters in the OTC, just wondering?
I'm leaning towards this thing not moving very much at all (in perspective, if it goes to .05 tomorrow that is that is 5x return for the day, but even those with 1,000,000 shares, its only $40k) until we get some confirmation on Q1, Institutional Investors, plan for debt and dilution going forward, plan for uplist etc.
We will need 4 solid weeks of financials and pr's before this gets back to recent highs.
Hope I'm wrong!
So does this thing move up tomorrow, or is this too ugly, and new money waits for press releases, and this missing 10Q?
Keep dreaming my friend, why don't you call them up and ask them if they just took the prior years financials at face value?
Not me personally, but yes in public statements.
And the same one that will deliver $3 million + Revs in first half 2019.
Since they didn’t do any of the previous audits, they have a responsibility to do a detailed review in order to get comfortable with the opening balances on the bs for the year they are auditing
As I’ve noted before, part of the process with new auditor is review of prior year financials which can take a few weeks, so I would have expected early to mid August but looks more like early September now, IMO
Let’s hope they can read an entire thread
I stand behind it and expressed clearly it is my thoughts in my series of posts in this matter, sorry if it offended your sensibilities in any way
I don’t get it? I’m sure I said in my original post that it was my thinking?
Bit there is a better than 50% chance I’m wrong and the fins hit Monday the 26th, just seems like a waste of a PR last week if they knew they would be ready next Monday, it wasn’t like the share was crashing and they needed to motion it up for another 10 days, it was stable between low .3 and mid .4 for many weeks now.
Just my view after being invested in this thing since 2015, watching it pretty much daily, speaking with management over 100 times etc