Auto Parts 4Less Group Inc (FLES)

[chokum]

Well, you can focus on the set backs, but you should also stay mindful of the long plays.

"It's the contract, not us".

I'm still getting familiar with contractual agreements in the public sector. JB516 has a plethora of knowledge on the matter, I'm still a newbie here. But from what I understand, the company opens notes with lenders and notes are an exchange of a dollar amount on the lenders part for shares. So yes - it's a contract that provide shares for a dollar amount I think. Then it's up to the note holder to convert their shares for money.Where the company starts the cycle, but it's up to the note holder to decide when they want to sell.

"We have no control", except for the fact that he sold them the shares. lol

Well, actually - their 'control' began and ended with opening the note. So I partially agree with you here.

"Everybody else is stupid, and that's also not our fault". lol [/quo


Not sure where this came from, but I assume you're just putting words in their mouth to throw false information out there, based on who knows what.

"The company doesn't benefit from dilution". Except that we got paid for those shares.

I'll just quote Jack's response for this as well:

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

Good Grief, what a load of horse dung!!!

Information provided by the company IR company is actually very welcomed, if you've been around here long enough. There was a time when we hardly received any value added communication
So whether or not the information is positive or negative - I'll take it all.


GLTY


$FLES.