Replies to post #135102 on Strategic Asset Leasing Inc (fka LEAS)

[ClearCut_BULLRUN_Inc]

exactly, this is all honestly quite elementary level info.. not sure why that poster is trying to peddle it as a scare tactic $LEAS

[GoldMember]

great point! $LEAS

[janice shell]

What’s the big deal? Why is a debt holder’s name so important? It’s $25,000...

Because the name was changed from one iteration of the annual report to the next. And because there's no record of the issuance of that note. After 31 March 2016, the company was completely dark. Oddly enough, it said at that time that it'd been hijacked:

Note 8- Subsequent events

The Company was made aware, after the financial statements were completed, that it may be the subject of identity theft, in that another unrelated corporation has published reports that LEAS has entered into an agreement with a third-party, which is patently false. Management has taken all legal steps to verify if this is simply a matter of mistaken identity, and if not, has spoken with its counsel to vigorously prosecute the matter.

https://backend.otcmarkets.com/otcapi/company/financial-report/154442/content

And don't forget that as nodummy said, that $25K note converts into 250 million shares on conversion. So the debt is really quite important.