Auto Parts 4Less Group Inc (FLES)

[anonymous57]

The company is just a guy in his house in Coppell, Texas. He gets people on Craig's List and other methods to try to sign up nursing schools, their alumni and hospitals for free to his professional network for nurses. They are told that if they are successful they can make $100,000 or more per year. Sometimes he promises restricted shares of stock and tells them it will be unrestricted in a few months. I've been waiting for over a year and a half.

From what I can tell all the officers listed on the top of this page don't work for the company anymore. The office in Atlanta appears to be closed. The SEC filings (which haven't been filed since March of 2011) mentions the company borrowing $270,000 or more late in 2010 and 2011. They have no income from what I can see. The website entity search for the Secretary of State for Nevada shows them to be in default for non payment of franchise tax. My stock says it's from Medcareers Group incorporated under the laws of Nevada. Can you still be a corporation if your business license expired last December? I don't know.

Personally, I don't see how a stock can go from 4 cents a share to 50 cents a share with no news, no press releases, no income, no company growth, no SEC filings, and no employees.