Auto Parts 4Less Group Inc (FLES)

[Justjoe1979]

First R/S was a year ago when FLES acquired the shell nurse's lounge (mgci) as part of a reverse merger. It was necessary to get price to reasonable levels, then they were late on their financials due to changing accounting firms at the last minute (sound familiar) then because they were late in their filings and noteholders took advantage of the default. Because of noteholders converting at extreme rates this drove the stock down into a cellar box situation. Another RS was the only way out. Now the company has a chance to redeem themselves or repeat the past. They have PR'd that hey have reduced and will continue to reduce debt and increase revenues. Will they follow through? Only time will tell what will happen. I will let the company prove themselves either way. Thanks for your interpretation of the facts! GLTY in your other investments!