Auto Parts 4Less Group Inc (FLES)

[Justjoe1979]

I don't know if you are in the Mediatek discord, but Rico has done some fine analysis there on the restricted shares that have recently become unrestricted and have either all sold or almost all sold off now. According to the OTCmarkets updates on when those shares became unrestricted. The recent decrease in price below $1 was all due to restricted shareholders selling off their newly unrestricted shares and not retail holders, although a couple retail holders may have been spooked.

Now that those shares are all sold, there still isn't a lot of buying pressure and folks are worried and hesitant to buy if they have the funds. They suspect a dead cat bounce.

I know at least 1 individual on one of the discord channels said they tried to buy 100 shares at $1 to see if it would fill lower or get them at $1. This was yesterday and I think he said they filled at .99.

Today's fill was 500 shares @ $1, so some individual was placing a slightly larger but still small bet, possibly hoping to get filled lower than $1 as well but most likely still happy with $1.

The last 2 days show me that without the newly unrestricted shares selling this never would have gone below $1. Most longs and other retail did not and still are not ready to sell. There will be flippers of course, but if they have amazing news or an undeniable catalyst hit, this can easily go back above $4 IMO and there will be no need for a RS.