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Aaaaaand, Steffan's responses keep pointing to the importance of the 10K and 10Q, which we don't have and don't have an ETA for either. *sigh
Agreed.
Just rewording the same response, not adding any addition information.
He did however somewhat confirm the warehouse.
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.
Yep - you echo my thoughts exactly.
I just wanted to make sure I was holding atleast 100k in shares for this ticker. Currently sitting at an average of .10.
Now I'm planning to just sit and wait to see how far this drops to buy in lower after I weigh all the facts and corporate development (if any).
This ticker is a straight gamble at this point.
We have word of mouth from the PR rep that is providing responses without any documentation or facts. He's just providing answers to questions like a glorified secretary.
However, we also have several years of data for the 4Less Group to see the business operations is an actual business that has been profitable year over year. But once they went public, they appear to have ran into administrative issues and are no longer providing any information for share holders to build confidence on. Which sucks. Hard.
If this hits .01, I'll grab more shares. If not, I do hope to see an upswing. At this rate though - it's hard to say when the actual fins will drop. There's been no positive/official news release from FLES that gives me the confidence any positive development will occur in this upcoming month. However, I do have threads of hope something large will happen in the next year.
This is a long term gamble for me. Meh, ... Vegas next year? Probably so.
I'll be sitting on the side and fielding questions to Steffan from now on.
I hit my goal, so I'll just be posting updates for the responses I've received.
Bleh, ... the wait is killin us yo. We've got 3.5 more weeks till the end of the month. What are the chances of the Fins being released then? 50/50? 30/70? 10/90?
Lets go FLES. (>.<)
Well damn... not that I wanted it to happen - but my .03xx buys were filled. (>.<) It's butt pucker time ya'll. How low will we go ?!
"Dilution hours" are about 1300 EST-ish to the end of the trading day.
I haven't looked into Steffan's track record. If Steffan is not performing successfully for what he is paid to do, then that would be a concern. But from my interactions from Steffan/his company so far, he seems okay.
I mean, human beings are allowed to have hobbies, right? What a person does on their spare time is their business. So long as their side business doesn't impact the services they are being paid to perform, I don't have a problem with it.
I haven't looked into Steffan's track record. If Steffan is not performing successfully for what he is paid to do, then that would be a concern. But from my interactions from Steffan/his company so far, he seems okay.
I mean, human beings are allowed to have hobbies, right? What a person does on their spare time is their business. So long as their side business doesn't impact the services they are being paid to perform, I don't have a problem with it.
Mahalo!
Thanks for posting your findings Rubles_K.
It's a Monday here are work so I'm expecting a slow day which gives me a little time to write some iHub posts.
Would you mind posting your questions as well? I'm working on compiling a list of Q&A for the community. Mostly because there are assumptions being thrown about and since we have a POC for FLES, we can attempt to clear up or confirm some of the statements made on the board.
cheers
I was thinking the same.
08JULY2019 Mornin FLES,
I sent another set of questions off to Steffan over the weekend. Expecting a response later this morning. I'll post his response and screen cap of the email for ya'll info once I receive the response.
Some have stated they believe the end of dilution is near. I personally won't take that stance until we've received word, or written confirmation from FLES that dilution has ceased. Until then, I will assume we are still in a dilution state. Which means, the price may continue on this downward spiral - but who knows right? Reminds me of Las Vegas, "Players place your bets."
This is my second set of questions to Steffan, so I'm calling it List of Questions 002 as I assume we will be having many questions until this ticker turns around.
List of Questions002:
########################### Start Questions ############################
Why didn’t the company notify share holders that they were going to dilute stock?
Will the company notify share holders once the company plans to stop dilution?
Has the company done projections to estimate how much additional shares need to be diluted for the company to be profitable?
What is the company’s strategy on strengthening the price per share?
Can you confirm the rumor of a new $4M warehouse purchase for FLES?
Does FLES have a strategy to fund additional growth and an expected cost for this growth?
How much debt remains to be cleared?
Will there be a decrease in Authorized Shares? If so, what is the target reduction?
Is there a financial investor?
############################ End Questions #############################
So, it's Monday - the day before all the Mid-week drama posts. I wonder if it will be a quite day? With the way the PPS has been moving, I believe I'l be hitting my share goal of 100k+ this week. Then I'll be sitting and observing this gamble with optimism.
My money has lasted much longer playing this game than it would have playing the tables in Vegas. I'm having fun - even while taking a 67% loss so far (>.<) Best of luck everyone.
I’m down 67%
Still loading till I hit my share goal
Oliver,
The IR stayed that dilution would continue until the company is profitable again.
But to your point, FLES didn’t notify anyone that dilution was starting, so I don’t expect them to notify anyone that dilution has stopped.
Best to ask Steffan directly about dilution for a straight answer.
Nothing new as far as I know. We’re all just waiting for Monday to see if this ticker will break the .03’s to fill some orders.
And of course, still waiting on the financials.
The new POC for FLES is responding to questions of you have any.
If anyone reaches out to Steffan, we would love to know the results.
Please let the community know, thanks!
15/15 post
Thanks for heads up John.
I would recommend sending an email to Steffan with your questions and see what sort of response you get. I’m not very optimistic he will have all the answers but he is pretty prompt in answering emails through out the day.
I’d be curious to know what kind of response you receive for your answers as well.
Have a nice weekend and good luck all.
I was also thinking of picking up today, but it seems the PPS will drop a bit more next week. So I'm postponing buys till next week. But I've been keeping a buy in at .03 for the past week just in case.
I'm about 25k shares away from hitting goal - then I'm planning to just sit on the shares and watch the board blowup with jokes/complaints while we scratch our heads wondering when these financials will drop.
Good luck to you!
I was wondering about that, see email traffic below:
###################################################################
Hoku Miya <chokum.ihub@gmail.com>
10:20 AM (3 hours ago)
to Steffan
Appreciate the response Steffan, I'll be posting these to our board for community awareness.
Is it best to use the PR@the4lesscorp.com email address as the primary emailing address or is it best to use steffan@goldtraiangleinc.com?
v/R
Steffan Dalsgaard <steffan@goldentriangleinc.com>
10:53 AM (2 hours ago)
to PR, me
PR@the4lessgroup.com is best so management can also see all the inquiries we receive.
I also copy them on all of my responses.
Feel free to keep in touch if you ever have any questions.
All the best,
###################################################################
I asked if we should use the'corp' address and Steffan posted 'group' so i went with it.
But I believe you're correct, it should be 'corp'
Nice catch.
Such a slow dat at work after the Holidays. This place is a ghost town.
Been watching the PPS here an there today. It's been fighting between .045~.04. I'm also curious about the closing PPS today.
wow - I'm very newbish at trading - so I didn't know that.
Thanks for the quick lesson.
As do I
I agree with manipulation.
And I also think those who are short selling now are either crazy, or really loaded with cash in light to how much this ticker has tanked - but to each his own.
To be honest though, Steffan did state that he has staff that monitors communication. That being said, the back of my mind is telling me - although I received a response with a signature from Steffan, it may not actually be Steffan responding.
Nonetheless, the response did give me a positive vibe. But honestly, unless I see actual contract agreements - i'll continue to have an angle and devil on each shoulder, telling me if the responses provided are legit or not.
For those who haven't sent an email to PR@the4lessgroup.com yet, I'd say give it a shot. At the very least, it will give you a feeling that the company now has an open ear to any of your questions. Although, depending on the question, they may not have a definitive answer.
Whoa - hold up there Backstabbed. Steffan clearly stated dilution was happening and will continue to happen until the company is profitable.
Steffan's response to nikitze implies the the outstanding shares count currently posted is no longer the outstanding share count, and it will be updated when the financial statements are released.
So, now I'm confused. How can you say there's no dilution when Steffan admits that dilution is in fact occurring?
########################################################################
Post#40457 - nikitze Thursday, 07/04/19 10:10:40 AM
I have received an answer from Steffan:
I represent The 4 Less Group, Inc.
When I met with management on Tuesday, I received a full overview on the company and where they are headed.
I do believe that management is very frustrated with the late financial statements but they do expect it to be done soon.
As of June 12th the Outstanding share count was 4,910,734
This number will be updated once the financial statements get released.
The purpose of dilution is to raise capital so the company can fund their business.
Without the capital this company was able to raise, I don’t think they would have the infrastructure in place to become a leading lift kit supplier and ecommerce company..
The dilution will end when the company becomes profitable and after my meeting with management, I do know this is their focus.
Always my best,
Steffan Dalsgaard, Principal
Golden Triangle Enterprises, Inc.
Office Phone: 702-902-2361
Direct Phone: 415-250-0105
Just to answer this question, Steffan stated his company is being paid $2000/month for their services and plan to reassess in a years time to renegotiate.
That covers Gold Triangles Enterprise, Inc. fee for the month then.
We're good.
Thanks for the response Jedi.
I was doing some DD on the company and they do seem interesting.
SIGN is on my radar now. Appreciate the feedback.
Yep - I was glad to see that as well. It removes the assumption that he was receiving stock for his service.
Just FYI, I followed up with a second question because I noticed he had used his goldtriangleinc email, and received a reply to that as well.
Screenshot: https://ibb.co/CKXxZKK
Text:
"Appreciate the response Steffan, I'll be posting these to our board for community awareness.
Is it best to use the PR@the4lesscorp.com email address as the primary emailing address or is it best to use steffan@goldtraiangleinc.com?
v/R
Hoku"
"PR@the4lessgroup.com is best so management can also see all the inquiries we receive.
I also copy them on all of my responses.
Feel free to keep in touch if you ever have any questions.
All the best,"
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..
Mornin FLES peeps.
Last week Friday, PPS piked before it took a dive. My original plan on Wednesday was to avoid buying more today, Friday, like i normally do to average down, and planning to save the funds to pick up more shares during Tues-Thursday of next week. Unfortunately, I'm expecting the PPS to dive more unless we receive official statements from FLES on corporate direction and financial statements.
Although FLES has mentioned a new PR Rep for FLES, I'm taking everything Golden Triangle says with a grain of salt until FLES announces an official appointment that Golden Triangle Ent. Inc. is in fact their PR company.
To be honest, I'm getting tired of throwing more money at this only to see us take a loss on the daily, but I've set a goal to accumulate a certain amount before letting this sit.
Do i see a turning point in this ticker yet? Short answer is no.
Do i think it's worth the gamble? Short answer is yes.
Why? I'm not sure - it's a gamble and I think it's a good bet based on 4Less Groups success over the past years. I think they are having administrative issues, not operational issues. The two sides of the business need to get squared before we see ticker improve. I personally think Chris should put his MBA to use and take more control of the Admin side, but it seems he's turned a blind eye to it and handed everything over to Tim to control. It appears to be that way anyway.
I've also put a list of questions together and sent it to Steffan (PR@The4Lesscorp.com) to see if he would answer any of them. I don't know if the questions are over reaching, but I won't know unless I ask - so I asked.
https://ibb.co/bJ84KHR
Since I'm stuck at work today, and it's slow from the Holiday, I decided to browse the liftkits4less.com website.
I really like their website. It's clean, professional, and have a very intuitive design. I haven't checked if the site is responsive yet, cause I can't bring my phone into work, but the site seems top notch. I would say the money invested in that site has been well spent.
I also noticed that the content on the site is current and up to date, and not being neglected. They've been consistent on posting new content and high quality video (all of their videos are HQ) almost monthly over the past year for product reviews. I just thought it gave me the warm and fuzzy that the operations side of the business is being taken cared of.
It's the administrative side of the business that is having some struggles.
I'd say, because Chris was able to lay the foundation for this company with huge revenues, he has a pretty good idea of the numbers. But based on what other board members here have stated prior, I don't think Chris is willing to make any statements on dates and numbers any more. He's felt the wrath of shareholders i guess, (haha) and it hasn't been pleasant for anyone (i assume) over the last few months. Others may say the funds are being pocketed, but based on the PR Firms recent response, the funds are being used to make the business profitable again; which i translate to wiping out debt.
I don't know if businesses actually make PR's to announce they've picked up a PR Firm. Maybe you can ask the PR point of contact that question if you'd like. (ie., When is there going to be a PR release from FLES that FLES is now working with a PR Firm.) Having that announcement made public would officially identify this PR Firm as the official POC for FLES. Until then, anything he states is taken with a grain of salt for myself.
That would be some great DD if you're able to get a definitive response for those questions. FLES seems to be reluctant to provide hard dates, but looking forward to your future post.
Perfect - haha
I seriously hope we're between despondency and depression, and getting prep'd for the upswing.
Lookin for a little Hope!
Perfect - haha
I seriously hope we're between despondency and depression, and getting prep'd for the upswing.
Lookin for a little Hope!
If FLES takes off, I'm going to get me a truck and lift it with LiftKits4Less, probably take pic and post it here too.
I wonder how cheap the shares will get next week? I normally load on Fridays, but I'll probably wait till mid next week to load a few more shares.
Hey Thrifty, are you loading, unloading, or holding your shares?
I'm also not happy with the way things have progressed so far.
If I an recoup my initial investment, I'm in the same boat yo.
I agree. I'm trying to hit 100k and will let this ticker sit while I take a look at others. But I think this is a good bet.
This is actually a bit more entertaining then playing the tables at Vegas. My money actually lasts longer than a few minutes here. (^.^) I'm actually relieved I missed my Vegas trip this year, otherwise I wouldn't have money to bet on FLES.
Good luck to us.
Nice - thank you.