Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
They must get a kick out of reading all the mid-week-drama posts like I do.
It really helps me pass my day quicker. haha
Well, if you see them - give them a high five for me. Then slap them in the butt and say giddyup on them financials.
I have faith in FLES, cause I believe in the business that Chris has built. I understand growing a business is difficult as I’ve been a part of small businesses that have gone through the growth phases.
If a company isn’t growing and expanding, it’s bound to stagnate and fail. But it costs money to grow. Investors here should understand that the good news is FLES isn’t shrinking, FLES is getting larger.
I think it’s a good bet. And I echo Pirates sentiments, I too want to buy a lift kit for my truck with my earnings :)
I feel ya bro. Majority of us here feel the same
You really think Chris and Tim have iHub accounts and read these posts? Haha
My number one rule when dealing with people:
Everyone is FOS until proven otherwise.
Don't say it !! Don't say that cursed FLES words !! DONT SAY IT !!!
Okay, I'll say it, "SOON" "SHORTLY"
Haha.
What was your average when you sold? 750k shares, ... that's a lot. That would make up almost the entire day's volume.
Almost hard to believe.
Mmmm... I'd say the PR was in response to the heat FLES was getting from all of us. Which also, just so happens, perhaps, maybe had an impact on the volume of shares moved as well, lol.
Yes it also had an effect on the amount of shares moved, but it was released because we were asking for numbers and a brief update on the corporate situation.
- We were informed that the company is diluting to raise capital for growing their infrastructure.
- We were informed last year, that FLES had plans to open four fulfillment centers.
- We know of one fulfillment center in Las Vegas. There is an assumed $4M fulfillment center that was brought to light by Tog - although there has been no official confirmation on this statement yet.
- We were also informed by Steffan (FLES Corporate Communication Point of Contact) the company would continue to dilute until they are once again profitable. However, it was later stated this statement may have been taken out of context? **insert shoulder shrug**
It might be a little while before we see dilution ending. No one knows any specifics. The last official update came last week on tentative numbers showing FLES revenue has increased, but also their operating expenses. So the company is still in their growth phase.
The issue here is that FLES has not been very keen on keeping their shareholders informed of their play-by-plays. Many shareholders are pissed because they bought in at a high PPS rate and are reluctant to average down because of the way FLES has been non-responsive before this last PR.
I didn't realize Nurses Lounge was still a thing.
Wow - that's news to me. Thanks for the info.
Wait, i'm a little confused. So in Nurses Lounge also a public company on the same ticker as 4Less now?
Nah dude.
In that case, what you're seeing here is what I call the "mid-week-drama."
It spins up late Monday and carries through Thursday. haha.
It blows me away why Tim would choose not to own many shares. Why would a CEO choose not to invest in the company he is spear heading? I mean, if I really believed in a company, I would be heavily invested in it as well.
Can't argue with you there bud. It's definitely been a crap shoot lately.
Fair weather fans bud -- all fair weather fans. Can't rough out the storms. Well, this has been an ongoing storm for the last several months - so I can understand the negative sentiment. Can you blame them for being discouraged? I can't. A lot of people have a lot of money locked in this play and it's very discouraging with the way things are panning out.
But I'm still of the opinion that FLES's operations side of things are functioning properly. Administration side, not so much. As soon as they get their ducks lined up, should turn out to be a nice show.
I really don't think the Mod's on this board have any say towards the direction the Exec Mgmt of FLES runs their company. This is just a forum for investors to discuss - I highly doubt there are any influencial individuals on this board.
The most we can do at this point is talk to Steffan - the appointed POC for FLES corporate communciation.
*sigh*
To be honest, I'm also not trilled my money is now locked in with FLES until it turns - but my money is already in play. If i pull out now I'd be taking a huge loss.
But still loading cause I think FLES is doing what they need to do, to make this company great again. Make FLES great again! Make it HUGE !! haha
You know, I never checked the high on this ticker before. Was it really nearly $20/share?
Wow, I mean if it did - that would be awesome.
I don’t have any faith FLES will release the financials this month.
But I have faith this will turn around in the next 52 weeks. Dang, that sounds like such a long play...
Company grows, company gets things in order and fix their issues, PPS should go up right?
Money is already in play yo. You can sell for a loss or just dig in and enjoy the ride.
or, ...OR - - you can buy more shares like some of us. :).
Hello Mid-week drama, nice to see you again. :)
Wow - Didn't FLES just get their Prime Badge last November (2018)? Perhaps they are pulling away to become their own e-commerce site. Which is probably why there is someone else pushing their products?
With them making plans to open up new fulfillment centers, perhaps this is apart of their corporate direction.
Lift Kits 4Less Ebay store is still booming. Over 270 positive reviews in the last month, so I would suspect more. If that were all lift kits averaging around $3000 each, that would be a revenue of over 800k in a month.
I got a response from Steffan today about the Las Vegas warehouse sqft.
Steffan states Las Vegas Warehouse is about 10,000 sqft.
Screenshot: https://ibb.co/NyyggPJ
Properties on LoopNet in Las Vegas as comparisons:
https://www.loopnet.com/nevada/las-vegas_warehouses-for-sale/?sort=7:0
For Sale:
8,426 SQFT - $1,836,868
8,700 SQFT - $890,000
10,000 SQFT - $1,150,000
10,000 SQFT - $1,190,000
10,937 SQFT - $2,500,000
11,000 SQFT - $1,649,000
11,200 SQFT - $3,000,000
12,215 SQFT - $2,033,000
If Tog was serious about a new $4M warehouse and it's the truth, I don't think the warehouse is the same as he existing warehouse in Las Vegas. The numbers don't match up. If Tog was speaking the truth, FLES possibly picked up their second fulfillment center at an undiscolsed location.
Volume is definitively high today. They've been pretty consistent on letting the shares fly in the afternoon as well lately. Today may be another 1M share volume day.
Can't help but think there are others watching the PPS, hoping for it to drop even further before they buy today. Atleast that's the game they've been playing lately.
I wish I had the capital to buy up all the shares to reduce the amount of flipping. But that's living in dreamland.
Just about ready to hit dilution hour. We shall see !!
haha ! =)
Nice dude !! I'm jealous !!
I'm still waiting for my Fidelity Funds to free up so I can transfer them to TD to pick up more shares.
Yeah dude, I'm of the same opinion at the moment. But even if the O/S climbed to 50M, wouldn't it still be a good buy?
Thought I'm starting to look at more serious stocks now not in the OTC, I'll keep my money on the table for FLES. I think they got a good set up.
But it does sucks how they've handled things up till now.
I'll keep Friday as my buy day. The beginning for the weeks have led me to regret buying too soon. I'll just watch for now. I already hit my 100k goal, looking to get to 250k, but I won't be rushing into my purchases anymore. If it takes off before then, I'm content with what I'm holding as it is.
But yeah, 250k would be nice as well.
Alert,
Honestly, I'm not sure I'm confident we will be below 10M anymore. I haven't been tracking shares, but the volume of shares moved between May and today seemed to be a lot. And I think we're still on the run as well.
PPS getting exciting. I might take a risk and just sit on the side a bit to see how low it goes before I scoop more up.
Yep, my sentiments exactly.
Hopefully after my next fill, but if it takes off before then, I’d still be a happy camper.
I’m interested. I don’t know, do you know? But I really want to know.
Every Monday I’m eager to see the performance on this ticker.
The volume of last weeks performance has to be one of the highest this ticker has ever seen on a weekly basis. Is there anyway to confirm this?
In a way, I’m sort of content with the PPS at the current level. It helps to keep my goal of hitting 250k shares in reach. Otherwise, I won’t have the funds to come close.
I don’t know how much time is left for prices to stay at the current level, but I’m not planning to take it for granted.
FLES FTW
Have a nice Saturday all
Lol :)
Hi BCM18,
Agreed! I totally wish they were transparent and had communicated better. I’m also taking this chance to average down and load more shares.
Hi Missmacixoxo,
Thanks for the share :)
That aligns with my thinking as well.
Oh cool. I remember see this post.
Okay - out of context I suppose.
Either way, for FLES to want to establish four Fulfilment Centers, and they’ve only publicly announced one, they still have a bit more growth to overcome. Which means they need capital, which makes me look at the dilution and sort of understand why it’s happening.
There’s been no word of an Institutional Investor yet either. Steffan did mention a Financial Investor, whatever that means. But if an Institutional Investor jumps onboard, I would suspect an earlier ending to the dilution.
Either way, I think FLES is a good bet. They’re growing, they got issues, but the company is still generating revenues.
They’ve gotten a little better with communication with this last PR release. I hope they continue to do so.
Still waiting on them financials though!
Hi Oliver,
I agree we will see $1 eventually, but in the world of FLES, “Shortly” and “Soon” carry very different meaning from the norm, lol.
Steffan has stated that dilution will continue until FLES is profitable. Unfortunately, at the current burn rate and PPS, I believe we are a few months out at least.
I’ll try to dig up the post # of another community member here who asked Steffan, and Steffan stated that dilution would continue. Unless someone else wants too.
From the recent PR, we see FLES is reporting quarterly loss. An unverified statement by Tog mentions a $4M warehouse. I don’t know if this warehouse was the same mentioned in 2018 in Las Vegas where FLES earned their “Amazon Prime Badge.” I asked Steffan specifically about a $4M warehouse and his only response was about his knowledge of the fulfillment center in Las Vegas. So today I sent an email to Steffan asking if he could verify the Sqft of the Las Vegas Fulfilment center, and if he didn’t know, I requested he find out. Still waiting on a response for that. I’ll post the findings when it’s available. At any rate, this Las Vegas Fulfilment Center was the first of four regionally planned fulfillment centers for FLES.
(https://www.globenewswire.com/news-release/2018/11/28/1658185/0/en/The-4Less-Corp-Launches-New-Warehouse-and-Receives-Designation-of-Amazon-Prime-Badge-Status-on-Their-Products.html) To acquire four Fulfilment Centers around the nation would require a lot of capital, and that’s why I believe we are a ways out from ending dilution.
But yes, once this company is completed setting up their infrastructure, and is once again profitable, I believe FLES will take off.
Personally, I’m still loading. My next goal is 250k shares. I think we still have a lot of dips to load on. But that’s just my speculation - take it for what it’s worth.
There are a lot of misleading comments mentioned on this board, I agree. Which is why I’ve been contacting Steffan to see if he can clear up any topics that are shady.
I’ve been collecting questions and sending them to Steffan for the community. I’ve also screenshot y communication with Steffan to show they are authentic. Albeit, non matter what we do, there will always be those who may think these are forged, lol.
Honestly, Steffan seems to also be in the dark on some matters, and his responses are vague. So you need to glean information out of the responses. But by doing so, it just become a matter of opinion at that point.
Anyway, here you go:
Post# 40602
Response from Steffan,
He didn't fully answer Q2, but the rest of the questions were answered.
Here's a screen cap for the communication: https://ibb.co/r2rT4Kg
Here's a typed out response of Steffan's responses:
Q1. When is FLES planning to officially announce the appointment of Steffan Dalasgaard of Golden Triangle Enterprises, Inc. as the official IR Firm for the 4Less Corp?
Steffan: I don’t think the company will make a press release about our appointment but I am sure you will see us on their contact us page going forward.
Q2. What is the history between Chris, Tim and Stephan? Is there a history between you three or was this a cold contact from 4Less Corp to Golden Triangle Enterprises, Inc.?
Steffan: I recently met Chris and Tim last week and I was very impressed with what they are building.
Q3. Is the compensation plan for Golden Triangle Enterprises, Inc. PR contract a monetary agreement, paid with company stock, or both?
Steffan: The agreement I have with the company is to answer all calls and emails and I am being compensated $2000 per month with no stock.
At our one year anniversary, we will look to potentially renegotiate the agreement if everyone is still happy with us moving forward.
Q3a. If the company offered stock options, is there a vesting period for Golden Triangle or are the options fully vested?
N/A
Q4. Is the 4Less Corp planning to update their website to create an investor relations page to post ongoing information on company performance and when is the 4Less Corp planning Identify the Golden Triangle Enterprises as their IR Point of Contact on their website?
Steffan: I will be advising Chris and Tim to update our contact on the website if it has not been done yet.
Q5. Is Golden Triangle Enterprises, Inc. planning to be reactive or proactive on providing the company message to the public and through what means will the public be informed of company messages?
Steffan: My company does not promote stocks nor do we build awareness on companies.
We simply provide a corporate face to different entities that need help with their public communications.
Q7. What is the office hours for Golden Triangle Enterprises, Inc., and what is the service level agreement with an investors questions and the response time provided by Golden Triangle Enterprises, Inc?
Steffan: I am normally handling communications during market hours..
Post# 40938
Re: chokum Post# 40938
Steffan's response to questions
Just received Steffan's responses to my questions sent in over the weekend. Typed out the responses below.
Screenshots here:
Questions002-SSa- https://ibb.co/16dNf2r
Questions002-SSb- https://ibb.co/4pWMXjW
Questions002-SSc- https://ibb.co/23SnxVf
Questions002-SSd- https://ibb.co/0Fx4Fjs
Questions 002
Q1 Why didn’t the company notify share holders that they were going to dilute stock?
Steffan: All notices regarding stock issuances are always listed in the quarterly financial statements which are audited.
Q2 Will the company notify share holders once the company plans to stop dilution?
Steffan: All notices regarding stock issuances will be in the financials.
Q3 Has the company done projections to estimate how much additional shares need to be diluted for the company to be profitable?
Steffan: They have not discussed this with me but you will be able to look at the company’s burn rate compared to the revenues and calculate this when the next financial statement gets released
Q4 What is the company’s strategy on strengthening the price per share?
Steffan: Build infrastructure, expand on marketing, become profitable
Q5 Can you confirm the rumor of a new $4M warehouse purchase for FLES?
Steffan: When I met Chris, he did mention the company had a fulfillment center in Las Vegas.
Q6 Does FLES have a strategy to fund additional growth and an expected cost for this growth?
Steffan: I believe the company is looking at all financing options.
Q7 How much debt remains to be cleared?
Steffan: We will know when the next financial statement gets released.
Q8 Will there be a decrease in Authorized Shares? If so, what is the target reduction?
Steffan: I do not know, the answer to this question has not been made publicly available.
Q9 Is there a financial investor?
Steffan: Management is looking at financing options from a strategic financial investor. Any decision made will be released publicly if the company moves forward
Hope this helps.
Also, if you have questions I would encourage you to ask Steffan to see what kind of response he provides. I would love to have more information as well.
That’s some deep stuff right there dude.
But you forgot to end with,
$$$PENNIES FOR DOLLARS$$$$
$$$PENNIES FOR DOLLARS$$$$
In the end, I think this will be a great play. :)
Steffan also stated dilution will continue until the company is profitable. Which means, even though the 10K and 10Q are released, we can assume dilution will continue.
I believe the company will become profitable as soon as they off-set the cost of the warehouse they just picked up. That assumption is based on the year-over-year growth we've seen on annual revenues. With the acquisition of the new warehouse to support FLES expansion and growth, they took on a large liability that needs to be paid off. We haven't been given and solid information stating this warehouse is the cause of company not being profitable among other variables, but if the shoe fits - right?
Every heard of the funny saying, "You won't be disappointed if you don't set expectations?" I would say at this point, do not expect dilution to end any time soon. I'm nearly convinced, dilution will be around for a little longer. So if you don't expect dilution to end soon - you won't be disappointed.
That said, once they're profitable again, I believe this will take off. The numbers in the recent PR release tend to agree as well.
Last Steffan stated in an email response last week that FLES is still working with Financial Investors. He didn't state Institutional Investor though - so there's that bit of information.
Based on Backstabbed formula (Post# 41864) and assuming 100,000,000 shares.
$FLES - Last year's $8,300,000 revenue x 50 sector = MC $415,000,000 assuming our OS is 100,000,000 = $4.15 a share
$4.15/share ain't a bad win either. That at least doubles many Long's investment from months ago.