Auto Parts 4Less Group Inc (FLES)

[Half_Penny]

Here are my thoughts for what its worth....

Chris has an incredible company but needed a little more than just "his existing shop". He partners with TIm and MCGI to bring the company full blown investment and IPO, without all the added costs of running an IPO. I have never run an IPO so I cannot truly speak to those costs. BUT for whatever reason this was the course that was taken. In the process Chris / 4LESS has paid off debt for MCGI. Post merger / Post RS and Post Name change, the logistics, the daily operations, and parts shipping / receiving, customer service, etc is handled by Chris. Tim, on the other hand, runs the finances. Tim is the one supposedly making sure the 10K gets pushed out in timely manner, Tim is the one who should be taking care of the shareholders and handling the PR. This is business as usual for Tim. MCGI never filed any docs, they ran the stock into the ground and the dilution was horrible. This is business as usual for Tim. He does not care about the great business that Chris has created.

My thoughts - the products are good, Chris has a niche company and he can succeed, he just needs to drop a partner and find a new one....