Replies to post #65876 on Auto Parts 4Less Group Inc (FLES)

[Justjoe1979]

Agree to disagree, many noteholders in many companies choose not to convert because it can bankrupt the company and risk their return. My problem is that he converted early, he saw a chance to make some money and took it, shareholders, company and other noteholders be damned. The April 24th note will most likely be renegotiated just like it was back in 2018.

On April 25, 2018, the Company entered into replacement notes with 4 existing note holders including Larry Glenn, Jr., Charles Hickle, Dynacap Global Capital Fund II, LP., and Phenix Suites, LLC. The new notes combined the principle amounts of each of their existing notes along with each note’s accrued interest, extended the maturity dates to April 24, 2020 with an interest rate per annum of 15%.

https://seekingalpha.com/filing/4125064

Remember Larry Glenn has been involved with medcareers as far back as 2011.

Larry Glenn was issued 1,600,000 total shares issued on 12/16/2011. 1,200,000 were issued in consideration for extending the
note originally dated October 29, 2010 and due November 1, 2011 and extended to November 1, 2012

https://www.sec.gov/Archives/edgar/data/1438901/000158069513000057/medcareers10k013112.htm