Everyone needs to read the message from Fishingallday on StockTwits. Please read my various posts on StockTwits, we need to send messages to the SEC Attorney and bombard Dr. Sinkule for clear answers/transparency. I messaged Dr. Sinkule and he would NOT confirm his previous response. Dr. Sinkule referred me to their SEC Attorney: pgoodman@cszlaw.com
Somewhere in seven amendments to the S4 the conversion was changed from 175 LEAS Shares of Common Stock for 1 Share of RWOD stock.
This now means that of the 6,000,000 shares of RWOD Stock for the LEAS Shares, the 1,044,000,000 Leas Common Stock Shareholders receive LESS than 42,000 Shares of RWOD Common Stock. My example is 14,250,000 shares of LEAS Common Stock becomes less than 588 shares of RWOD Common Stock or about $5880 in value. Each Share of current LEAS Common Stock converts at LESS than .0004 Cents per Share.
We need to take action now as Shareholders. I am going to file a complaint with the SEC today for STOCK FRAUD. The website for the complaint is: Help@sec.gov
If anyone has ever dealt with a Stock Fraud Attorney, please provide the information.
Hopefully if enough Complaints are received by the SEC, we could stop the Merger with this Conversion of LESS than 42,000 shares of 6,000,000 RWOD Common Stocks for 1,044,000,000 Shares of LEAS Common Stock and the Shareholders holding them.
If we can't stop the Merger in its current format we need a Class Action suit for Stock Fraud.
Imagine Shareholders dating all the way back to 2006 receiving LESS THAN 1% of a buyout merger.
Publicly traded Companies even in the OTC are supposed to look out for the best interest of their Shareholders. LEAS and Dr. Sinkule has been trying to screw the Common Shareholders of the Company from the beginning with a 2,500 to 1 Reverse Stock Split. At face value that would have been okay with everything being equal, the stock would have been valued at the same. The part that would have screwed the Common Shareholder was the Conversion of Preferred B Stock at 150 to 1 AFTER the Reverse Stock Split.
AI
