Strategic Asset Leasing Inc (fka LEAS)

[highhopper]

Chill List issue etc...

Mammoth is still apparently on the chill list. Once you are placed on it odds are slim that the chill will be lifted. Some chills have been lifted, though it is very rare. In fact, by my count only a few chills have been lifted since 2010.

When a chill is lifted an announcement from DTCC is issued. It looks like this:

http://www.dtcc.com/downloads/legal/imp_notices/2010/nscc/a7003.pdf

someone produce the lift document on MMTE's chill from the DTCC site and i'll believe it has been lifted. I can't find it and i searched the entire site filings from 2010 through today. MMTE is still chilled.

Another Lieberman chill has emerged as well.

http://www.dtcc.com/downloads/legal/imp_notices/2012/nscc/a7373.pd

Go to DTCC and check for yourself:

http://www.dtcc.com/downloads/legal/imp_notices/2010/nscc/a7003.pdf

the chill doesn't really matter except some MM's won't let you trade but it's indicative of the fact that most people posting here aren't fully informed about the chill process so i thought i would try to clarify it..

Ok, so with $300-$900 mil in concessions Mammoth can't come up with $10,000 to avoid corporate default in Nevada? WTH? This makes no sense whatsoever. The same thing happened last year with Nevada and pinksheets as well, i believe.

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=10mP7rLA0BfMFKZbxkoC%252bQ%253d%253d&nt7=0

some quick facts:

15 billion a/s

o/s over 6 and half BILLION and that number hasn't been updated for 6 months until the next Q comes out, though management could update it anytime they want on the company info page at pinksheets:

http://www.otcmarkets.com/stock/MMTE/company-info

I read posts here all the time saying the concessions are real, the lawyers are real, all the elite companies and officers involved behind the scenes are real!!!!! I agree this seems to be true. The Chilean Lawyers are highly reputed. No doubt.

But things don't add up here for some reason and i can't figure it out if all we are led to believe is true.

Common shareholders, in managements eyes, imo, are expendable. These big boys involved here, if that indeed turns out to be true, are not as easily dismissed as ihubbers. The a/s and o/s indicates that the best interests of common shareholders is not first and foremost, nor has it been.

How are the longs feeling with pps @ .0006 a year after the pp's that started @ .001? not good i'm sure though they seem to post with continued support. What else can they do?

Where are all the shares coming from on the ask? No one has any idea where all the shares are coming from that are being sold? That seems highly unlikely to me. Close to 12 Billion traded in 2011 and almost 2 Billion traded already in 2012.

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=MMTE&SortBy=volume&Month=12-1-2011&IMAGE1.x=11&IMAGE1.y=10

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=MMTE&SortBy=volume&Month=2-1-2012&IMAGE1.x=11&IMAGE1.y=9


If he doesn't know then who does? Who can issue shares besides himself? Maybe he doesn't know who is selling exactly but if he's the boss he knows what has been issued and to whom. Something is odd about that. I think the term is plausible deniability. If he cared about common shareholders he would find out, one would think. Again, the numbers don't seem to add up, though i am admittedly no math wizard.

It just seems to me that this is all a long drawn out play to benefit insiders. It has happened before. I put forward the following example of past disregard for common shareholders for consideration:

Note 5 – Acquisition of Subsidiary and Goodwill
Effective July 15, 2010, the Company acquired 100% of the outstanding capital stock of 1536692 Ontario, Inc., a Canadian Corporation, (“Ontario”) through a share exchange transaction. In consideration of their shares of Ontario, the Ontario shareholder, Mr. Jack Lieberman, the father of the Company’s President and Chief Executive Officer, received One Million Seven Hundred Fifty Thousand (1,750,000) newly issued restricted common shares of the Company. For accounting purposes, the acquisition was accounted for using the purchase method in accordance with ASC 805 “Business Combinations”.

here's the link to the official document excerpted above:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8167304

I doubt the common shareholders were thrilled with that transaction. What benefit or revenues has that deal produced for the common shareholder? Check the filings. None. There are no revenues.

Is Mammoth simply being used as a capital raising vehicle? Seems so. We hear that this is not the case yet the ask is stacked everyday. Whether they show it or not on L2 the shares are there. pps and volume confirm this. People here complain and post things like, "Break up your orders, whoever is selling." The selling is very disciplined and professional. The word relentless also comes to mind.

It seems to me there are too many shares outstanding for everyone involved. And what if the concessions are not worth the high end evaluation of $900 million like it says in the ibox. Imo they aren't worth even $300 million considering the costs to remove the product and get it to market plus the fact that Mammoth doesn't hold 100% ownership and a concession sale would never draw the full value because whoever bought it would have to spend big bucks to do the actual mining. Any sale of the rights would be for a fraction of the value. The company doing the mining has to make a profit too after their investment in mining.

So where does that leave the shareholders?

Imo, commons are the one's that will take the hit. If big money is truly waiting in the wings, its gonna roll right over the pinksheet ihubbers. If it comes down to choosing sides, which it seems it will with the s/s here, are commons gonna get left behind?

What other choice is there besides reverse split? Seriously, I want to hear a plausible scenario where shareholders profit. Is Mammoth gonna buy back shares? with what? they cant even pay the corporate/filing fee's. They gonna sell shares to just buy them back? That doesn't seem right either. So then, a share cancellation? whose gonna give up the shares they bought and let them be cancelled? I doubt too many people would volunteer for that. How about reducing a/s? whats that gonna do? nothing, right? so what is the solution. Wouldn't a merger just be a back door reverse split?

Sure looks to me like the a/s is being sold as long as possible. Slowly but surely going on 2 years now. But then what? Can anyone present a viable option to repair the share structure without a r/s or the equivalent results from a merger? I know people are talking about mergers etc but i dont see how that will be the solution in common shareholders favor.

If anyone has a truly viable scenario please present it in detail.

I'm thinking a very large reverse split that exempts the preferred shares.

We shall see. And no, i'm not bashing for cheap shares. Check the pps. It's already there.

gltaimo