Replies to post #155520 on Strategic Asset Leasing Inc (fka LEAS)

[Ringing 7]

But whats causing the god dam delay? Also what conversion do u see happening?

[trader59]

He must be referring to the outcome of a 1-2500 reverse split of the common stock followed by a 100-1 conversion of the preferred B shares described in every quarterly/annual report. That works out to 1-250000, of course, so if he only does 1-25000, it means that instead of the preferred B shareholders getting 99% of the WENA stock, they'd only get 90%....