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Cool beans - thanks for the analogy Backstabbed.
This has been trudging along for a while now, hope i can pick up more shares to hit my 100k goal before this pops.
I was under the impression 4Less was already profitable prior to the merger.
Correct me if I'm wrong here, but post merger FLES took on debt from MCGI.
Dilution is happening to clear the debt, to return FLES back to profitable status, to clear the debt.
I'm not sure on the amount of debt FLES took on with the merger, but from the volume of shares moved on this ticker over the past few months should have brought FLES back, close to settling the debt. We need the financials to confirm this though. (>.<)!!
The past several weeks, it really felt like I was blinding throwing money over the wall recently, not know what's going on. And to be honest, I still have no clue whats going on.
But this appears to be taking a turn for the better now that we actually have a point of contact for FLES who is being compensated (I don't believe we know the compensation agreement yet) to respond to inquiries.
I don't know dude, I just feel like this will take time to resolve. Gut tells me it's worth hanging around for, so I'll just accumulate and wait.
This is perhaps the first alleged real response we've received from FLES in several weeks.
IMO, that response should be screenshot and posted as a sticky.
Like, the first confirmation from the company on dilution. The first explanation of the direction of the company and reasoning why dilution was happening in the first case.
I agree with Backstabbed, i like this guy already as well.
Hey Jedi,
I followed you over from FLES. This ticker worth putting money into?
That's not a bad deal to be soaking up some shares for answering emails and taking phone calls, if that's the case. We don't really know what sort of deal was cut with this PR firm though - do we? I mean, we haven't been informed of the PR Firm's compensation plan yet right? I'm curious to know as well.
For those considering selling your shares, you haven't lost any money until your shares are sold. So if you have shares, I would just hold them until this mess is cleared up and we finally get to see the financials for the business. The business itself appears to be fully operational and still generating revenue. It's just been a long process putting all that info on to paper along. I honestly am not sure what kind of accounting goes into a merger. I'm an IT guy, not an accountant.
It feels like it's been a long time waiting for these reports. A very, very, very long time. I'm going to pass out from how long it's been - - it's been so damn long. Geeze
If the opportunity cost of reallocating your investment to another ticker is in mind, that's understandable as well. But honestly, all the signs are saying this company is legit. At least from my perspective it is.
If you got shares, hold um and give this ticker some time. I think it will be worth the wait. Or you can be like me and some of the other longs in here and continue to load. Good luck to you.
Correct me if I’m wrong. But the float is taken from the outstanding shares correct? I believe that number has been the same for the past several weeks. I thought it was 4.9M for a while now.
Is there another number I should be looking at?
Also, with the share volume traded over the last several weeks, the current assumption is most of the outstanding shares have been exhausted. But that’s still speculation until we receive some actual news from the company.
I believe we hit a new low today and it’s hard to believe this trend will stop unless we receive official news from the company, which potentially would slow and hopefully reverse the current trend.
I’m still aiming to load more this Friday. Not sure how much longer the price will be remain this low.
Was looking at the charts again, week over week the value of this ticket has decreased about 50% with each passing week. If we stay on track, we would be down to a penny in two weeks.
That’s a bit intimidating
409,130 shares moved today, but even at the highest price sold, the total amount only comes out to $22,502.
It would be really nice to know how much debt the company has yet to clear.
I mean, if they still have debt to settle and the PPS continues to decline, that would mean even more shares would need to be sold.
FLES is really taking a hit by letting their PPS drop.
But I’ll be right here to pick up the low hanging fruit.
So a paid bumper?
Not what we want, but what we need maybe?
To be honest, although the recent development of identifying FLES's PR firm isn't an official released of information yet, I am relieved we received something after receiving nothingover the past several weeks.
I'm hoping this move is the first baby step towards getting things back on track. Although i'm still a bit away of hitting my 100k goal, I'm so tired of seeing the price drop in pps.
I'm still very optimistic about this ticker. Chris built a great business which has a strong foundation. Although I think we're going through some major growing pains at the moment, I think the business will see success.
How long will it take? Who knows? There's been no official release of any pertinent information of any sort to derive an answer for that question.
I definitely feel like my shares in this business is worth the gamble. I'm trying to accumulate as many shares as fast as I can.
Thanks Missmac =)
What do you think the catalyst will be which will take it there?
Do we know if FLES has organized a Board of Directors and if a Shareholder Representative has been identified?
Or is the company too premature to have this organized yet?
We saw a .02 bump yesterday and a .03 drop today.
Most bag holders for NLST are in it for the long haul.
I'm just extremely happy that the company is very transparent on their financials and do an excellent job being transparent with their goals and corporate direction.
I'm currently gambling with another ticker which isn't as keen on communicating with shareholders as they ought to be - which has brought on large amounts of distrust with the company.
Just wanted to thank NLST for being on the ball.
Did some trolling off the shores of Hawaii with friends several times. Loved it. Tight lines to you and your company!
Only 2 1/2 hours left in the trading day. Let's see how the market reacts today.
Building more buying power to pick up more shares soon. Trying to hit my 100k share goal. I'm nearly there, sitting at 75,527.
I don't see why you would be attacked for simply following up on a tentative date that he set himself. That seems pretty unprofessional to me.
Alright,
Time to go Opera.
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Yep, that was JayEksar - post 40113
I find it strange that Exec Mgmt always communicates through third parties instead of doing official PR.
I mean, Really?
To honor your patriotism, I've become your first follower.
Thanks Dan,
I ran out of posts yesterday to say thanks. I also gave a follow.
If anyone else wants a follower and are active on this board, let me know and I'll add. Not that it means much - just gives me something to do.
Mornin Jay,
Thanks for the info you provided yesterday. I reached my 15 posts and wasn't able to thank you earlier.
I'm confused when you say Fruci is not in a rush to complete the report. For a second, my mind was putting words in your mouth thinking the accounting company didn't have a sense of urgency to complete the work they've been contracted to perform.
Generally speaking, when a service contract is put in place a project schedule is developed. This project schedule will generally have milestones plotted and would definitely have a start and end date. Atleast, that's the way we plan out all of our projects in any line of work I've been a part of. I'm not sure if accounting firms do the same, but can't see Fruci not having a plan.
And Fruci does have a plan, this should be communicated back to their customer FLES, who in turn should have a tentative date of completion or a goal they are trying to achieve.
I think this is were a lot of the frustration is stemming from.
Also the fact that Exec Mgmt seems to prefer speaking through third parties instead of making official PR to keep everyone on the same page.
Lol. I already had you followed. But it looks like someone else recently followed you as well - so you've made your "2" count brother.
https://ibb.co/GkV4BxB
I would think any shares moving at this level are no longer flipper shares.
Isn't this a new 52 week low?
Also the first time we've hit a heavy volume day in the last week and a half or so.
Hey Capt., i just checked to see if I was following you - and I am.
Yeah, this ticker is a straight gamble for me. I ain't doing a Vegas trip this year so this has become my game for the year.
lol, cheers bro
nice, wish us some luck and some financial statements!
Someone on the board was hinting that having followers is a translation to how real a person is. So I'm starting to just follow everyone so relieve them of their "0" status.
Meh, nothing else to do while we wait for this ticker to turn around.
1hr 30 min left in the trading day.
Maybe we will hear something by 2355 EST from FLES and not by end of trading today.
See that 0.0525 buy? That was me. Sorry all.
I'm still waiting for my .04 to clear as well.
Let's see the shaky hands let more shares go.
I'm up to 75k shares, looking to hit 100k before the run. =)
Naw dude, i read everything.
You see that 1 follower you got, that would be me. Haha
well, i appreciate your optimism.
The last time someone from the board spoke with Chris, it was stated that before the investor could ask his questions he was cussed off the phone ending with an "Eff You", actions that went contrary to the popular belief that Chris is a "nice guy."
The last time someone from the board had email correspondence from 4Less, we were told something would be happening on "Tuesday". (We assume today, but who knows right?)
Looks like we're starting to wind up for mid-week drama, FUD and mud slinging.
Let'er rip ya'll. This is what makes my day goes faster. The posts are the best Tues-Thur.
Where's DKEZ at? His jokes are the best. haha
I like this comment.
With their track record, I was expecting something at COB today.
I would be pleasantly surprised if something came earlier today.
Cheap shares today. The flippers are still making money from end of last week's dip in share price. Let see how low they're willing to go.
Looking forward to some positive news !
In some businesses one individual is typically the CEO and the other will be the President of the company.
I don’t know - never been a part of anything like this, which is why I had questions.???????
So it’s wont do any good then?
Nice work getting this on the radar. Hopefully it will give them the little push they need to getting those reports out.
Anyone know if investigations prolong the filing of financial reports?
Also, will any information discovered be released to the public, or will this be one of those issues where we will need to wait till the investigation is over, and then we will hear something?
Yep - sort of used to seeing EOD dips in this ticker.
But at the end of the day, volume was still relatively low. People who sold were probably all those who picked them up for .05ish last week, wouldn’t you say?
I'm not sure if flippers are on this board, but those who are active here understand that something is being released tomorrow. No specifics on what is actually happening tomorrow, could be another update that kicks the can down the road again or some actual reports.
The volume slowed the beginning of last week then picked up at the end of Thursday and all of Friday after the pps took a dip. Today's volume is actually similar to last week Monday's volume, which doesn't say much either.
IMO, if there are flippers on this board who are aware of a tentative release of info tomorrow, I would suspect them to be holding. But really, any speculation at this point is not based on any facts and purely assumptions. I would think most of the shares which have moved today, were shares by flippers who picked up some late last week and don't care to take a risk of the pps dropping by no news release tomorrow.
Dang, 2000% is no joke.
I'm fortunate I was informed on this ticker by another bag holder much later, so my average is currently sitting at .13.
A side question, would you know why the Outstanding Shares count would be sitting at 4.9M for the last couple weeks? I mean, with the amount of volume over the last several weeks, I would've expected that number to adjust a bit. But correct me if I'm wrong, I don't think that reported number has shifted at all from last week.
Is this a number that gets adjusted after the 10K report is released, or a number that is independent from filed reports and constantly updated periodically?