Auto Parts 4Less Group Inc (FLES)

[Dream_Weaving]

Um, it isn't MAXM, why do you people blame the MMs?

It is the company and their non stop dilution, those endless notes. MAXM just routes the orders for them.



And this toxic dilution won't stop. The rules are they get to dilute based on the average volume for the past 20 days and since they were able to JACK UP the volume here, they can crank out gobs and gobs of stock.



Where "longs" now have to worry is, will liftkits4less back out of this deal now that they see they are being diluted to death? This deal is NOT completed yet, they have NOT exchanged stock.


I know if I was at liftkits4less and saw this I'd be all over the CEO to get a new deal.


Then again, it is possible they are going to dilute this up to the 4B authorized, clean up the debt, then reverse split, I've seen that happen many times. I didn't look in to that much detail SINCE I AM A FLIPPER but those preferred shares liftkits4less as well as the CEO Tim got might not be affected in a reverse split so they will be fine.


But read the filings, this deal has not been 100% finalized, I don't doubt part of the language is MCGI has to get rid of their debt first. But that debt is toxic so the lower the price goes the more shares they get to dump.




And there you go, gosh golly gee, actual real DD, not just some pie in the sky hopes and wishes the others pump you.