Just got off the phone with Tim. Honestly, they really are doing everything they can. Fruci is still working on the 10k. Yes there is dilution, but there may be some positivity. Tim told me that once the 10k is released, they can file an S1 and receive favorable loans that would be a hell of a lot better than what is currently going on. Right now, with no 10k being released, Tim can’t seek any other ways to raise money other than noteholders, but once the 10k is released, it will be different. I tried to see how much debt we currently have, as it is directly tied to the dilution, but the only response I got was we will see in the 10k. On the other hand, Fles has created an e-commerce platform that is growing and generating more sales than EBay and Amazon which means an even greater profit margin, as they are no longer paying 12% fees. Here is my advice, currently, with what is publicly available, we only know how much revenue there is, which is very positive for a pink sheet company, but we don’t know how much debt there is. Hold off on buying an shares until the 10k is released. Once we see how much debt is left to be paid, than we can begin to assess a good price to buy more shares. Right now, we don’t know if there is 5M or 200k in debt, but if one thing is for sure, the debt is to expand and grow the company I guarantee that. Tim made a very good point, this is the pink sheets, in this market companies aren’t based off of financials but the market. Once the 10K is released and it becomes clear of what Fles really has to offer, this will bounce. But for now, no point in adding as dilution isn’t going to stop until we see the 10K and can file an S1 for better funding. If there is one thing we can can hope for, it is that the 10k comes soon. At this rate, we are pushing 1 million shares diluted every day. If the 10k isn’t released for the next month, FLES will easily have a 50M OS. I’m personally hoping the 10k comes out while the SS is under 30M so we can really go on a mega run, but at the end of the day, Fles hasn’t released bad news to drive this down so much, it is just the markets reaction and dilution. With pink sheet companies, you can drive the pps down 95% for no reason, but in return, you can also drive the company up 5000% for no reason. It is quite obvious we are heavily undervalued, and my next add will be when the 10k is released.
