I can explain it. The 8k was great for the company. But what is the company? The LEAS shares you have are only worth 1% of the company. The other 99% value of the company is with the original ANEW CEO and its 48 stakeholders. So, yes, I’m sure they are stoked. The couldn’t get their 99% value of the company realized previously because the RS didn’t get SEC approved, so they were stuck. But now they are a vote and a month away from getting their payday. The S-4 details how the certs will get paid out. Current LEAS common shareholders will only getting about 1% of the deal. In my opinion. LEAS had a billion shares before ANEW was even in the picture. Why in the world would anyone think that RWOD is going to pay the old LEAS shareholders 60 million dollars when they are actually trying to buy ANEW. ANEW stockholders have not even been given any LEAS shares.
The main error is that people thought that just because an RS didn’t go through that management was going to be forced to give away 60 million dollars to LEAS shareholders-like there were no other options. But management can do whatever they want in the S-4 filing and they have.
Let’s say your dad was going to give you an inheritance of a million dollars in cash and whatever was left was going to your little brother. All he had was ten diamonds that were worth exactly one million dollars and a big jar of quarters. The little brother found out that dad was unable to sell the diamonds so he is celebrating with his friends and thinks he is going to get the ten diamonds because his dad couldn’t sell them and get the cash. Fast forward to the reading of the will and guess what. You get the ten diamonds and your brother gets the jar of quarters. LEAS is the litttle brother here.
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