Strategic Asset Leasing Inc (LEAS)

[Zardiw]

Ok. No Opinion. How about SEC Filed text from the 8K about the $LEAS Merger?:

" ($LEAS Shares) be converted into the right to receive a number of shares of Redwoods Common Stock equal to the Merger Consideration."

“Merger Consideration” means with respect to each outstanding share of Company Common Stock a number of shares of Redwoods Common Stock (Nasdaq $10.44) equal to the Exchange Ratio (and with an aggregate value equal to the Closing Equity Value), allocated to the Company Stockholders as set forth on the Allocation Schedule.

Exchange Ratio: 175 $LEAS Shares = 1 $RWOD Share = .057 True Value.

https://www.sec.gov/Archives/edgar/data/1907223/000121390023045945/ea179544ex2-1_redwoods.htm

Here's the math:

$LEAS is merging with $RWOD (Nasdaq, $10/share).

$LEAS has approved (Europe) drugs for anti-aging, etc ... Website: https://www.anewmeds.com/
Now they want to get FDA approval for the US.

$LEAS Shares will be converted to $RWOD Shares.

175 $LEAS Shares will become 1 $RWOD Share.

175 x .057 = $10.

So the True Value is .057/share.

All this info came from the 8K that $RWOD filed: https://www.sec.gov/ix?doc=/Archives/edgar/data/1907223/000121390023045945/ea179544-8k_redwoods.htm

Here is the Calculation using the info from the 8K:

"be converted into the right to receive a number of shares of Redwoods Common Stock equal to the Merger Consideration."

“Merger Consideration” means with respect to each outstanding share of Company Common Stock a number of shares of Redwoods Common Stock equal to the Exchange Ratio (and with an aggregate value equal to the Closing Equity Value), allocated to the Company Stockholders as set forth on the Allocation Schedule.

“Exchange Ratio” means (a) the Closing Equity Value Per Share, divided by (b) the Redwoods Share Value.

== .057 / 10 == .0057

“Closing Equity Value Per Share” means (a) the Closing Equity Value, divided by (b) the Fully Diluted Company Capitalization.

== $60M / 1045M = .057

“Closing Equity Value” means $60,000,000.

“Fully Diluted Company Capitalization” means, without duplication, the sum of the aggregate number of shares of Company Common Stock outstanding as of immediately prior to the Effective Time, determined on an as-converted basis (including, for the avoidance of doubt, the number of shares of Company Common Stock issuable upon conversion of any outstanding convertible securities of the Company).

== Outstanding = 1045M

“Redwoods Share Value” means $10.00.

Exchange Ratio for 1 Share:

1 Share of RWOD / .0057 = 175. SO 175 LEAS shares will convert to 1 share of RWOD.

175 Shares currently is worth 175 x .0022 = .385. So .385 current value converts to $10. == 26 Bagger.

$10 / 175 = .057/Share == TRUE Value of $LEAS Shares.

Here are the values at different price points:

.0022 = 26 Bagger
.0050 = 11 Bagger
.01 = 6 Bagger
.02 = 3 Bagger

And investors that hold shares through the Merger will realize .057/Share conversion value

Z