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Post# of 155566
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trader59

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Re: Eddo1976 post# 155285

Friday, 04/19/2024 1:01:07 PM

Friday, April 19, 2024 1:01:07 PM

Post# of 155566
The worst case scenario would be the mathematical equivalent of them doing the RS they’d planned, leaving the legacy shareholders of LEAS with about 1% of the 6M shares or 60,000 to divvy up between over 1B commons.
The CEO had a 30+% stake in his company, and is taking 23.3% of those 6M shares, so it might be slightly better than worst case, but I doubt it’ll be anything close to 175:1.

I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.

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