Strategic Asset Leasing Inc (fka LEAS)

[CDM001]

I have questions for the smart ones out there...
Could you tell me a little bit about the preferred shares mentioned in the last PR. These are worth more than common shares? have more power? and how many are there and why do past company officers posess them if they sold the company? Not trying to be stupid, just get the facts strait.
The PR talked about the cancellation of the preferred shares, this must be well under way, not just starting. Wouldn't make sense to tip your hand as to your intentions for your company just for a simple PR. A previous post, yesterday or today? mentioned that these preferred shares might have beed already sold? how would that be possible, I thought thay were locked untill sometime this summer?
I hope we can get some more discussion on this, this seems more important than speculation on when financing or land deal news will pop.
I don't think we will hear anything about that type of thing untill the past ghosts are exorcised from the company, Please tell me, Am I way off base here?