Auto Parts 4Less Group Inc (FLES)

[DKEZ]

Links and explanation of phony PRs and continuous deception by FLES (MCGI):

1/23/19
https://markets.businessinsider.com/news/stocks/mcgi-in-discussion-with-institutional-investor-and-to-undergo-restructuring-to-uplist-to-otcqb-1027889509

"MCGI: In Discussion With Institutional Investor And To Undergo Restructuring To Uplist To OTCQB"

"MedCareers Group, Inc. (MCGI: OTC pink) is pleased to announce that it is in final discussions with an institutional investor for a multi-million dollar financing that will be significantly less costly for the company. Additionally, the institutional investor could potentially take over part of the existing debt on the books of the company. The company expects to enter into definitive agreements with this investor in the next two weeks."

Huh... that sounds familiar and relevant to their current PR's lol they PR’d that and never mentioned it again and it never happened. *POSTED SAME DAY THEY APPROVED THE FIRST RS* Basically a ‘hey don’t worry about that convertible debt, this RS is a good thing, we can uplist with non toxic financing’. The first step in their list of deceiving PR’s.

5/1/19
https://www.globenewswire.com/news-release/2019/05/01/1813567/0/en/The-4Less-Corp-Increases-Direct-Sales-On-Website-By-45.html

"The 4 Less Group has changed auditors and is retaining the existing auditors of The 4 Less Corp. The company expects to have its year end financials ready to file on May 16, 2019."

They had several months to change auditors and decided to do it the day before the 10k was due, easy excuse to delay them but reassuring investors that they would be ready to file before the late filing due date.


5/17/19
https://www.globenewswire.com/news-release/2019/05/17/1826899/0/en/The-4Less-Group-Inc-Announces-Filing-Of-Consolidated-10k-By-End-Of-Next-Week.html

"The 4Less Group, Inc. Announces Filing Of Consolidated 10k By End Of Next Week"

"The 4Less Group, Inc. (OTC: FLES) announced today that it expects to file its consolidated 10K by end of next week. The delay is due to the recent change in auditors and the consolidation of its wholly owned subsidiary The 4 Less Corp."

Expecting it "by the end of next week" implies it should be just about done and ready to go, 3 months seems a little beyond the possibilities of this estimate.




5/24/19 The company releases a press release a week after the previous one, when the financials should be just about finished, and makes no mention of the financials in any way.



6/18/19
https://www.globenewswire.com/news-release/2019/06/18/1870367/0/en/The-4Less-Corp-Increases-Direct-Sales-On-Website-By-43.html

"The 4 Less Group is working with its new auditors to complete its year-end financials and foresees no issues in completing its audit. The company expects to have its financials filed shortly."
Over a month has passed and they "foresee no issues completing the audit", no issues would imply that they should have already released the financials because they estimated it would take a week, no issues also implies that they should have remained on schedule. They are now a month late on their expected release date and they have no real reason to explain the delay.


7/11/19
https://www.globenewswire.com/news-release/2019/07/11/1881455/0/en/The-4Less-Corp-Updates-Shareholders-on-Financials.html

"Although the audit has been taking longer than anticipated there have not been any issues raised by the auditors with respect to the company or its financials. Both the company and the auditors are working diligently to complete the filings as soon as possible."

Almost another month passes and they still claim there have been no issues raised by the auditors. Still no reason for their original estimate to have been so inaccurate unless they had a reason to string investors along...those notes have been secretly converting for 2 months at this point and the stock's value has plummeted and trapped the original shareholders in this bottomless pit.