Let's put this ReverseSplit Bullshit to Rest: (Original)
Why there will be NO Reverse Split:
1. CEO stated they couldn't supply what FINRA required.
From the latest Q Filed on May 19 2023 (20 Days ago)
Also on November 1, 2021, the shareholders of Strategic Asset Leasing, Inc., approved a name change and
approved a 1-for-2500 reverse split. On April 19, 2022, the Company filed an Articles of Amendment with the
State of Wyoming, changing its name to “ANEW MEDICAL, INC..” and requested the contemplated 1-for-
2,500 reverse split. During January 2022 and in accordance with SEC Rule 10b-17 and FINRA Rule 6490, the
Company submitted documents and other information to FINRA in furtherance of pursuing and obtaining
approval of the subject reverse stock split and name change. The Company must submit additional documents
requested by, and necessary to obtain approval of, FINRA in connection with the subject reverse stock split and
name change. As of May 15, 2023, the reverse split and name change have not been declared effective.
If they did a RS now, the stock price would be .0043 x 2500, or $10.75!
On February 21, 2022, we entered into a Stock Purchase Agreement with an individual to sell 1,666,667 shares
of the Company’s common stock for $250,000 or $0.15 shares. The shares issued will be calculated on a postreverse
split basis. The Company has a planned 1-for-2500 reverse stock split of its common stock was not
declared effective as of May 15, 2023. The shares have not been issued to the individual at May 15, 2023.
SO, they're gonna sell $10 Shares for .15??.....I don't think so.......lol
And I'm pretty sure FINRA isn't gonna let a RS happen based on current stock price, and probably for other reasons as well.
That's why they haven't approved it in OVER a year.......
And in January when they said they submitted additional documents to FINRA, the stock price was .0010 or so.
.0010 x 2500 = $2.50/share.
Again they're gonna issue shares for .15/Share .......Ludicrous.
The $60M that Redwood has calculates exactly to the Current OS (1045M) x .057 = $60M
Bottom Line: $LEAS Shares will convert to a value of .057
Z
Bullish
