Strategic Asset Leasing Inc (fka LEAS)

[trader59]

The people who invested in ANEW when it was private are the ones who are going to own the bulk of it. That's been very clear from the RM a couple years ago with the nearly immediate announcement of the 1-2500 RS and the change to the corporate charter to reflect it and the award of the preferred B shares to those investors in ANEW with a 100-1 conversion into commons. The RS reduced the O/S of about 1B shares down to 400,000 shares, and the conversion of the preferred B's would make 40M common shares, so the legacy shareholders of LEAS would get roughly 1% of the company. That makes perfect sense, since nobody holding LEAS shares has given ANEW a plug nickel, they hold and trade shares sold by the failed businesses that once occupied LEAS and for which the cash raised from the initial sale is long gone.
So, no, the LEAS holders are not entitled to a significant portion of the RWOD/WENA stock.