Dr. Sinkule has control of the vote for LEAS. He can do whatever he wants, including implementing the RS that he told everybody about over and over again and put into effect with a corporate charter amendment to the state of Wyoming. He’s going to do the math that will divide those 1.04B shares of LEAS common stock by the 2500 - 1 RS ratio, then he’s going to do more math to convert those 405k preferred shares into 40.5M common shares, then he’s going to distribute the RWOD shares on that basis. Dr. Sinkule is no dummy. He owned 30% of ANEW all by himself, and he’s not going to let the bagholders of LEAS cheat him out of his stake in his own company.
If anyone had taken the time to read through the documents published by LEAS from the point the RM happened, they’d know the intent from the outset was to RS and wipe out the old bags, then the preferred shareholders would convert and hold the vast majority of the O/S just like they held the equity in ANEW.
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