Replies to post #70558 on Auto Parts 4Less Group Inc (FLES)

[Justjoe1979]

A lot better, instead of a $48 loss per share it's a .50 and it will continue to get better. Most likely positive next quarter.

[Palmeiras91]

Normally the derivatives these OTC companies choose to get quick financing are very toxic and suck cash out of the business which forces them to get more toxic debt.... sort of like accumulating credit cards to pay off other credit cards.

What they did was settle on a couple of notes at 12% which took over 3 million dollars of debt off their balance sheet. they did this by showing the lift business had legs and then diverted 1/2 of business onto their own website to achieve better margins.

So now as their revenues grow they will not have to use gross margin to pay down as much debt and increases path to profits.

Also with offering $$$'s they can eliminate all debt plus increase their platform for huge revenue growth into parts.