Apr. 2 at 1:38 PM
$LESL Prophecy update:
1. Fullfilled: pre-reverse split, LESL traded in the ~
$0.26–
$0.35 range for much of the summer/fall 2025, hitting lows around
$0.268.
2. Fullfilled: shareholders approved the reverse split in Sept 2025.
3. Fullfilled: 1-for-20 reverse split became effective Sept 29, 2025
4. Fullfilled: Tony Iskander (interim CFO) stepped down. Jeff White was named new CFO and treasurer, effective Oct 5, 2025.
5. Fullfilled: Q4 & Fiscal 2025 earnings released Dec 2, 2025, announced a major cost management plan: closing 80 stores + 1 distribution center, ~10% inventory reduction,
$7–12M in direct cost cuts, and emphasis on "speed and urgency."
6. Fullfilled: Q1 2026 earnings showed heavy losses: sales -16%, comparable sales -15.5%, gross margin collapsed to 18.4%, adjusted EBITDA deeply negative (~-
$40M). closed 80 stores in the quarter and reported significant impairment charges.
7. Fullfilled: As of the Mar 13, 2026 report, short interest increased ~8% to 11.04% of float
