Strategic Asset Leasing Inc (fka LEAS)

[DollarsOnPennies]

On or July 11, 2010 Business Development Corp. Inc. converted
100,000 shares of Preferred “C” stock to 500,000,000 shares of
Common stock at a ratio of 5000:1.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=38862

They went to Business Development Corp. Inc. and were converted to 500,000,000 common shares -
It doesn't say the shares were restricted and since both the float and the issued and
outstanding went up by basically the same amount in the 3rd quarter that means
they were not restricted and were sold right away into the market.

The same thing could happen to the remaining 851,000 Joe V Overcash preferred shares which can
be converted into 4,255,000,000 common shares - This means an extremely dangerous threat of dilution at any time.