Great Twitter post below
$FLES Notes from yesterday’s interview by @JohnZidar with @AP4Less !! 🚨
- AutoParts4Less is the $EBAY $AMZN for auto parts. 6.2M products on the platform currently, 100M within 3 years. LiftKits4Less will help boosting the revenue.
- Cash burn almost at break even. From $500K p.m. to $13K p.m.
- Update on balance sheet challenge: more than $10M debt already converted and locked up so far. Another $2.7M debt will likely be locked up for 1 year by the end of this week. Announcement expected.
- Chris hopes this will be the first month FLES will be profitable. Getting close. Financials coming out around May 1.
- Trust and transparency is very important for Chris. He will fight for the common share holders and didn’t take a pay check from December 2021. He will ride with them (us!).
- No RS for at least a year.
- Still in negotiation with @BrettRosen325 as anchor investor. As soon as the last debt holders are locked up, he can do a significant investment in the company. Most of that would likely go to marketing, with focus on revenue and profitability.
- Chris got the final conversion notice from the current selling note holder ($25K), so he should be done selling very soon. After that, it will be pretty blue sky for retail investors.
- Chris has no employees, he does everything with his family and friends. They don’t take a pay check, but spend a lot of hours to make the company a success.
- The goal is to up list from #OTC to #NASDAQ or #NYSE. Chris thinks mid 2025 is a realistic target time wise.
VroomVroom!!! 🏎️🏎️🏎️ in
