Auto Parts 4Less Group Inc (FLES)

[chokum]

Alright - I think we're going down a rabbit hole here.

Again, quoting Jack -

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

But lets take a step back for a second.

Why do think they need the capital? We've been provided with Q1 and Q2 10-Q's which show the company is generating revenue.

Recent PR release: https://www.otcmarkets.com/stock/fleS/news/story?e&id=1486479

(“Liftkits”) has seen a 61% increase in revenue on its liftkits4less.com website for the second quarter of 2019 as compared to the same quarter last year.

uring Q2 2018, direct sales on the Company’s proprietary website represented 26% of overall sales for that quarter

during Q2 2019 direct sales represented 42% of overall sales for an increase of 61% between both quarters.

“We are moving towards the 50% mark where half of our overall sales would come directly from our proprietary website,” said Christopher Davenport, President and CEO of The 4 Less Corp.

“Our strategy of strong branding through easy to use content and excellent customer service is paying off as we move towards expanding our footprint with more specialized sites under our new flagship website Autoparts4Less.com.”

The company needs capital to fund their growth. $FLES is putting more information out there to keep potential investor aware of their on going efforts. IMO, $FLES is still working to position themselves for a successful future - and not necessarily a quick-flip-play.


GLTY

$FLES