Strategic Asset Leasing Inc (LEAS)

[Bobbafet]

Ok....lol...THE FACTS!!

Market Value $3,622,167 a/o Jun 15, 2012
Shares Outstanding 7,244,333,224 a/o Mar 31, 2012
Float 4,103,531,897 a/o Dec 31, 2011
Authorized Shares 15,000,000,000 a/o Mar 31, 2012
Par Value 0.0001

HOLY CRAP!!!!!!!!!! Uhggggggggggggg!!!

When the company published its Q1 report for 2011, what traders most wanted to know was whether MMTE would still come up with no assets whatsoever. This time, the overall picture showed: $37.7K in cash and total assets; negative net worth of $223 thousand; zero revenue and a net loss of $220 thousand. Although the company's total assets figure seems rather minuscule, it still marks a minor improvement over Q4 of 2010 when MMTE had no assets at all. Unfortunately, it has not managed to generate any revenue since inception. Therefore, the management will have trouble covering the company's short-term liabilities. Yet, MMTE will stand a good chance of striking it lucky provided that its properties eventually turn out to be rich in lithium and other alternative energy resources. Until then, stockholders might face dilution every now and then as there are more than 10 billion shares of A/S waiting to see the light of day.