Auto Parts 4Less Group Inc (FLES)

[Justjoe1979]

Depends on your definition of institutional investor.

It is more of an equity investor. The investor isn't buying a stake in the company at once. The agreement is for them to buy up to $4M of common stock over 2 years via put options at market price.

They can never own more than 9.99% of the OS and the company can only get up to 3x the previous 10 days average dollar volume up to $100,000 at a time. at current volume levels they may be able to get $5-10K out of one option.

$10K at .2525(current price as of this writing) is 39,603 shares. or 7.3% of the OS. So unless the price raises dramatically, the equity line won't do them any good.

Also further dilution won't do them any good, no one is buying. If no one is buying who would buy their dilutive notes anyway?

I will be interested to see what happens if they successfully up list to OTCQB.

GLTY