Auto Parts 4Less Group Inc (FLES)

[chokum]

For those who missed FLES's IR response

Hello Hoku,
1. May I suggest that you throughly review the link below too understand “dilution”. The company FLES/ management is NOT diluting the stock. Contractual lending agreements are typically a last resort to raise capital, however sometimes it is absolutely necessary to raise capital to continue growing the company while increasing revenues to become profitable. Management has no say as to if and when the lenders may choose to covert their stock under their agreements, therefore I cannot tell you when, as you put it “the dilution will end”. Clearly the company does not benefit at all from any dilution.
https://www.sec.gov/fast-answers/answersconvertibleshtm.html

2.) The large Authorized share account was a result of the reverse split and I believe this will be adjusted at some point in the future as management deems it to be appropriate. Again, please understand that FLES management is NOT diluting the stock. That would be a mischaracterization of the facts. I do not believe they will ever approach those huge numbers in outstanding shares.

3.) As you know management just yesterday November 21st, 2019 put out an extremely important and positive PR that I believe will be a huge step in increasing revenues and growing the company. I believe this is any company’s primary goal to make the company profitable and successful. As to when additional news will be released, that will depend on when management feels additional news is warranted. I feel confident in management to do so when it is appropriate. No specific timeline can be given. Would you not agree that a little bit of patience is warranted here especially since all the filing are now current, the stop sign has been removed and extremely positive news was again just released yesterday?

Once again I might suggest that shareholders should remain focused on the positive steps management is doing daily to grow the business and much less on misinformation which is constantly all over the board. In my personal humble opinion it is a huge waste of time and causes shareholders and the company MUCH more damage than good. I believe actually getting educated as to how this all works would be in everyone’s best interest.

Best regards,
Jack E. Thompson, CEO
Silver State Advisors, LLC
Direct Phone: [phone]

Appears A/S reduction is a potential, however does not seem to be a top priority at this time. But again, it is on the radar so that's good news.

Still very early in the week ya'll. I think this will be a good week. look at all the strong bids coming in. Looks nice to me. =)

GLTA

$FLES