Replies to post #44618 on Auto Parts 4Less Group Inc (FLES)

[chokum]

No prob bud.

At this point, everyone's disappointed by the way FLES has treated the shareholders. Many longs have thousands or tens of thousands locked in FLES until this turns around.

FLES is being tight lipped about everything. No one has any idea actually. FLES is even paying a company to be their public interface, who also has no idea about current events in FLES. lol

Some call scam, some question the legality of their actions, some are looking at the big picture, others are calling optimism wishful thinking at this point. One things for-sure though, everyone is thoroughly pissed off and confused at this point.

I'm one of the optimists on this board. I think it's a good bet. But from the way FLES has been "communicating", even I question my stance sometimes. Haha.

I agree that public companies should be more transparent. I mean, FLES has made a few attempts already to make information a little more clear. (Conspiracy theories around those actions as well.) But many of the players here on the board want play-by-play updates, or at least a clear explanation of what's happening with the dilution. Like an official PR release. Not he-said-she-said, word-of-mouth updates, or Frankenstein theories based on what little information to piece a story together.

I take a step back from the trees to look at the forest. FLES just went public recently. Chris's company, 4LESS, is a profitable, operating machine. It's growing revenue year-over-year. But Tim's company, and Tim himself, has a bad reputation. I personally don't know much about Tim - I should do more research on that dude. But anyway, it must have been a mess for Chris to take his company and merge with Tim's shell to take 4LESS from the private sector to a publicly traded company with Tim's ticker. I don't understand accounting enough to know how long it takes to complete an audit, but there are accountants in this community who say they have had enough time and are dragging this out intentionally. /shouldershrug

But in the end, back in 2018 FLES stated lofty goals of expansion and restructuring. One of the large items on the list was to increase the count of fulfillment centers from one to four. We currently know of one fulfillment site in Nevada. Leaves us wondering about the status of the remaining three fulfillment centers.

FLES has removed themselves from Amazon to reduce business expense and increase revenue. (Check, accomplished)

FLES is working to build partnerships. We know of one very vocal partner, Skull Krushers. (Check, appears so anyway) I don't know of any others.

FLES is revamping their website. have you taken a look at their website? I think it looks great. (Check)


So it's not like Lift Kits 4 Less (FLES) isn't doing anything. I think they're actually moving in the right direction. They're just messing up in one area. They're neglecting to inform their shareholders who have invested their money with them about anything.

Okay, I'll get off my soap box.

Good luck with your trades dude. I think FLES is a good bet. But I don't think it's a short one. We've been on a downward spiral for the last several months already. But I think it will be worth it in the end.