Strategic Asset Leasing Inc (LEAS)

[trader59]

Just about every one of the IPO public investors redeemed their shares, leaving the founders and a few other service providers and insiders only. The redemption took just about all of the cash out of the treasury, so ANEW is starting out cashless.

On the LEAS side, the CEO controls the vote, and it is likely he’s going to mathematically do the RS he’s said all along he wants to do and award 99% of those RWOD shares to the preferred shareholders. He’s already taking 1.4M of those shares for himself.