Strategic Asset Leasing Inc (fka LEAS)

[trader59]

There are preferred shares that were handed out to the alleged owners/insiders of the RM company that are unaffected by the RS. Once the RS happens and the O/S is down to 400k or so shares, those preferred shares convert into 40M common shares, effectively wiping out the current/legacy shareholders and giving near total ownership to those owner/insiders. If you consider it logically, it makes perfect sense, why would the owners of ANEW want the old bagholders of LEAS to own any significant piece of their company for nothing? The way the math works out, those bagholders get, collectively, about 1% ownership of ANEW.