Strategic Asset Leasing Inc (LEAS)

[trader59]

The company has never stated a conversion ratio. That 1:174 crap is just "speculation."
The company did say they were going to essentially have the owners of ANEW (those who invested in it prior to inhabiting the LEAS shell) own 99% of the equity by effecting a 1-2500 RS then converting the preferred shares into common. With the RWOD merger, they later said they no longer needed the RS, and they can distribute the 6M RWOD shares anyway they want since they control the vote. That is reinforced by the CEO getting 1.4M of the 6M RWOD shares.