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Dollarland .... now wouldn't that be nice?
I'm looking forward to the 10-Q's for Q2 and Q3. I'd like to see steady or increasing revenues. That would give us glimpse into whether or not FLES is on track towards paying down their notes. =)
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$FLES
Morning JB516,
I was wondering what the deal was on insider trading. Not sure exactly where they draw the line on all that.
Not sure why you would call it complete nonsense though.
Personally, I’m not sure about any of that myself. Although someone did post some information about it here on the boards prior to Sids visit.
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$FLES
Thanks Tom.
Looking forward to the up coming years.
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$FLES
Hi Pirate,
He didn’t provide any other information than those few notes I mentioned on the board.
Sid did say he thought FLES was a good company and he spoke highly of Chris.
In a way, he seemed to not want to divulge any more information than he did as to not put himself or anyone else at risk of insider trading.
I’m still in FLES’s corner and looking forward to this coming around, no matter what anyone posts here on the board.
I don’t have much experience in OTC trading, but like I’ve mentioned before - my money is lasting longer here than it would’ve on the tables in Vegas. And this was this years Vegas money for me.
I do think they have a good business plan. They’ve made a deal with Tim to take FLES public and are now working through their agreements. They only just started less than a year ago, so I think it’s a little too early to call this investment as a loss yet. Jus my opinion.
DROP THE NEXT Q!
$FLES
I’m a long* here, not king. Lol
Posting from mobile, so no edit option for me this evening
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$FLES
We will see.
I’m of the mindset that the Q2 and Q3 10-Q’s will bring good news and will raise the PPS.
But at this point, like your statement, it’s all assumption. Probably no one knows, aside from Chris and Tim.
I’m a king here, so I have nothing left but time to wait for this to turnaround.
GLTA
DROP THE Q’s!!
$FLES
Someone is buying all these shares y’all. I wonder who owns all these shares. Over 250M shares was it?
DROP THE Q’s!!
$FLES
DROP THE Q’s!!!
$FLES
IMO, We need to company the get current on their financials and in good standing with the SEC.
They are currently working to get the Q2 numbers compiled and submitted to LJ Soldinger & Associates for review, before submission to SEC.
If they get in done in time, they will be current. If they wait too long, they will not be current because of delinquency for Q3.
Once they are in good standing, they should also start doing more PR's to sell their company to attract new share holders. I haven't heard much chatter about institutional investors recently, so not sure if that option is still on the table. But if they can land an institutional investor in the future, it would be a nice thing.
IMO, lot's of "IF's" in play.
This week overview:
- Q1 was released
- Update on new Account Firm ( LJ Soldinger & Associates ) was shared
- Update to O/S was made as well
We've received three updates in a single week. Seems like Chris is working to get information out to us.
I was talking with a friend about FLES's financial filings earlier this morning, and we were skeptical about FLES's ability to file the Q2 in a timely manner. We spoke about how FLES might be dragging their feet intentionally. However, at this point - we just don't have the evidence to say yay or nay to the thought it was intentionally done by FLES.
We do however, have a statement from Chris that somewhat implies the numbers were late due to Fruci's involvement. We know that Fruci had also been searching for employees with the skillset required to audit for a while now as well. So information on that somewhat points to the fact that Q1 may have been delayed because of Fruci. However, we have no solid date/times on when the Q1 was provided to Fruci for review.
That being said, the turn around time it takes FLES to provide Q2 numbers to LJ Soldinger & Associates, the time it take LJ Soldinger & Associates to review, and the time it takes FLES to submit to SEC is certainly being watched like a hawk this time around. At the moment, we have been given indication that the Q2 numbers are still being compiled by FLES and have not been provided to LJ Soldinger & Associates for review. No solid absolutes in that statement, just gleaning information out of email below:
https://ibb.co/tPQzymY
"Yes, once the Q2 is completed the new auditors will review prior to filing and they will then be current. " - Jack
If you read between the lines here, it seems they are also aiming to be current on filing Q2 before Q3 comes due.
The only somewhat worrisome thought brought up by my friend, was that Tim was in charge of putting the Q together. But if Chris is taking a larger role in things like he said he was, perhaps Chris will support Tim in getting the report completed in a timely manner. Hell, we're already delinquent - but a lot sooner than it would take were Chris not involved in the process.
Hitting trips suck, definitely. But I'm still hopeful for FLES.
Take a breather from the boards
if all the static is getting to you. I still think we have a fighting chance here.
In the mean time - I wait. .....
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$FLES
Q2 still in the works at FLES, before making it's way to the accounting firm for review.
https://ibb.co/tPQzymY
FLES still working on compiling Q2 it seems. Might be a few weeks for Q2 to drop.
Trips !!!
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$FLES
Looking forward to Monday, lol.
GLTY
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$FLESo
Yeah bro - totally not worth it.
Hang tight on those shares yo. Could potentially be worth your while. I hope we just need time to see it happen.
FLES is still young in the game. Maybe they jus need time to get settled?
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$FLES
Yeah dude - seems like we need a lot of if here, lol.
But I'm still active on the other board as well. Hoping for big things there as well.
GLTY
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$FLES
I think Sid actually did short his position. He mentioned to me he sold it at bargain price, mostly because he needed to not be an investor before he walked into the FLES office.
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$FLES
Mornin Nik, yeah dude - I'm still hanging in here. I'd actually like to see the Q2 and potentially Q3 before I pass any judgement on the company.
We know FLES is a new company. We've seen the Q1 numbers - not talking about the company debt at this point, just focusing on revenues, we can see they're doing pretty good so far. The debt is concerning, but if their revenues continue to climb, the debt will be overcome eventually. Still too early in the the towel for me.
But definitely after the Q3 report is filled, I'll need to take another look.
I'm too deep in this to start bashing the company. It doesn't help anyone if I start singing that tune.
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$FLES
I've spoken with Sid. Also looked at his background a bit. Sid seems like an upright guy to me. But, to each his own.
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The truth of the matter is, FLES needs capital to settle debt. If the company can't get the capital from institutional investors or banks, they turn to the public market for capital.
From their Q1 performance, it appears they are performing acceptably well - considering they moved their point of sales position away from Amazon. I mean, moving away from Amazon could have been a make it or break it move on part of FLES, just based on the captive audience Amazon has. But like I mentioned earlier, their proprietary site has performed surprisingly well since they've moved away from Amazon.
They are still a growing business. I think they will do well. It's just not a quick flip at this point. I'm a little hopeful we will have a nice Christmas, but looking like an investment that will see returns next year for me.
/shouldershrug
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$FLES
Sid was extra precautions and shorted his position before walking in to meet with Chris.
If you're an investor and planning on holding your shares, and potentially accumulating more, flipping or shorting - I wouldn't recommend paying them a visit. I mean, why put yourself at risk?
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$FLES
Yep, according to communication between Chris and a few shareholders here on the board:
- Chris is taking a more active role in the financial report reviews
- Change in accounting firm, hopefully means a faster turn around time
- Company is still working to get the quarterlies done ASAP
- Company goal is to get current, and stay current on SEC filings
- I'm going to get my McD Sundae soon
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Lol.
Sorry y’all. But this was funny. Haha
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$FLES
Hi Back, Lol - that's good to hear bro.
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Playing devils advocate here.
If company can only dilute 10% of O/S a day, the larger they grow the O/S, the more shares they will be able to dilute in a day.
Not saying that's what's happening. At least, I hope that's not the game plan.
It would make more sense to raise the PPS and sell at a higher level IMO.
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$FLES
DROP THE NEXT Q !!!
$FLES
We don't need a Q to run, but I think it would be a very big "nice-to-have" for sustained growth.
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$FLES
I'll be honest here bro - when ya'll start throwing out numbers like these, my eye balls go cross and I have a hard to understanding whats what.
I need to get my eyes checked.
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$FLES
I'm leaning towards Woody on this one.
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$FLES
I would expect to see a few short runs in the future. We really need the Q2 10-Q and additional PRs for sustained growth.
Looking forward to seeing those in the near future. I think it will be a nice Christmas ;)
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$FLES
Thanks for the heads up Majk76.
There isn't a like button on the board, so I'll just leave this comment here.
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$FLES
I'm a few weeks away from reloading my buying power ~(>.>)~~!!
I have a feeling it will be too late by then for for a short run.
Well, if I can get some below .01 still, would be nice. Planning to hold till NASDAQ anyways.
Anyone got eyes on L2?
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$FLES
I'm lining up with this same thought as well.
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$FLES
I wish I had conversion shares.
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$FLES
Agreed. I hoping to see more traction and a faster turn around with LJ Soldinger & Associates LLC.
FLES is not using accounting firms the audit their quarterly reports. Audits will be used on the annual 10-K.
"Like every other publicly trading company on the OTC our accountants create the financial statements that make-up the 10q, and then an independent Public Accounting firm, Fruci in this case, approved by the Public Company Accounting Oversight Board (PCAOB), reviews the books including, banks statements, notes payable, stock transactions, sales, inventory, accounts payables, salaries, etc. and gives an opinion that they believe (or not believe) that the financial statements presented materially represents the company's Financial position."
With Fruci being replaced by LJ Soldiner & Associates LLC, I hope we see a quicker turn around time.
https://ibb.co/wYzR125
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$FLES
I have an email out to Jack, waiting for confirmation from the company that Q2 is being worked.
Pending response.
DROP THE Q's!!
$FLES