Auto Parts 4Less Group Inc (FLES)

[chokum]

I honestly had the same concern.

I jumped in on FLES after their R/S around mid 2019. They had one towards the end of 2018? Then did another R/S in 2020.

How is a company like this eligible for an uplist?

I've been in talks with a friend of mine that made this comment when I asked him about it:

"How a stock trades before of after a reverse split is up to investors. They buy and sell based on emotion and DD. The SEC doesn't care if they have 1 share worth $4000 or 4000 shares worth $1. The SEC just makes sure nothing is done illegally. They aren't there to ensure every investor makes a profit and they don't care if we lose it all."

That said, at this point it makes me think FLES is very adept at walking the line between staying legal and taking in investor capital without benefiting their share holders.

At this point, nothing they've done has provided benefit to investors. However, if you're flipping, that may be a different story. I've seen several people on the board here who were successful at flipping FLES, and to those people - congratulations.