Auto Parts 4Less Group Inc (FLES)

[chokum]

The truth of the matter is, FLES needs capital to settle debt. If the company can't get the capital from institutional investors or banks, they turn to the public market for capital.

From their Q1 performance, it appears they are performing acceptably well - considering they moved their point of sales position away from Amazon. I mean, moving away from Amazon could have been a make it or break it move on part of FLES, just based on the captive audience Amazon has. But like I mentioned earlier, their proprietary site has performed surprisingly well since they've moved away from Amazon.

They are still a growing business. I think they will do well. It's just not a quick flip at this point. I'm a little hopeful we will have a nice Christmas, but looking like an investment that will see returns next year for me.


/shouldershrug



DROP THE NEXT Q!!!
$FLES