Auto Parts 4Less Group Inc (FLES)

[Half_Penny]

Don't be surprised if there is no 10K ever. Don't be surprised is there is no investor. This is looking worse and worse each day. I took some time to review their amazon store and look at reviews. Over the past year they have been screwing up orders etc, read the reviews. Over the past 90 days they have a 63% positive and 37% negative reviews. Additionally, there has been nothing reviewed in the past 30 days. It looks like the longer the company is in business - the more they F stuff up. This is not just a disrespect for the shareholders, this is a disrespect for their customers. Not a good sign.

Again, my thoughts on the 10K and OS. I believe the OS is just over 5 M. Ironically, when the OS shares was at 1.9 M they had a much larger market cap ($2/share). Now that they have diluted this whole thing down, the market cap sits ~800K. A smart company would have PRESSURED the accountants to release the 10K by a certain date to keep the PPS up. It is understandable for companies to need to dilute SOME shares but they let the SH know when it is happening. If they had released 10K and share price hit $5 per share (or even higher) the market cap would have easily been over $10M. They have diluted the shares approximately 100K per day over a 30 day period (3M). Lets say they averaged a .40 per share - gives them $1.2M cash.

If it was $5 share when they diluted - they would have only needed 240K shares to dilute. Proposing that with a PR and letting the shareholders know what is going - I don't think anyone would have had a problem with that.

That being said - there was a reason they didn't go that route... most likely the 10K / Fins are no where as good as TOG has claimed they are. They may have $9M in revenue but they may also have a crap ton of debt which makes the profit negative!