Strategic Asset Leasing Inc (fka LEAS)

[trader59]

Don't know. I'd bet they're getting the story straight for the exchange of stock. I've said all along the common shareholders of LEAS were going to be RS'd one way or another since the Dr. had been very public about what he was up to, but the naive who thought they'd found a "sure thing" on the OTC and didn't actually read through the financials for themselves are still going to whine about it.
On the other hand, you do know that virtually all the retail common stock of RWOD was redeemed for cash, right? That means that the Dr. is merging his company into a shell with no cash to do anything with now, and carries the burden of the founders share holdings, effectively giving a significant part of his company to them for nothing. Cash in the treasury is why some companies do these business combinations, without it, it may not be worth it. If they have to turn around and do a stock offering to raise money, it ain't gonna be at $10 per share.