Replies to post #16082 on Strategic Asset Leasing Inc (LEAS)

[Truebreed]

Can someone please explain this to me?

In 2010 First Quarter Report
As of December 31, 2010, the Company owed $122,322 including interest accrued to Starr Consulting Inc., $96,000 to The Stone Financial Group Inc. and $19,000 in shareholder loans. The lenders agreed to convert the outstanding debt into common stock. The Company issued in the aggregate to settle the outstanding Notes 962,700,000 shares of Common A shares. The difference in the price of conversion and par value resulted in additional paid in capital of
$ 141,050.

[HokieHead]

Nice post Hokie lol..

[HokieHead]

Some quick MMTE DD...

Follow the steps here, monster in the making imo..


12/31/2009 William Lieberman takes over control of Mammoth as President and files a 15c2-11:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=28913

02/18/2010 Mammoth Energy Group Moves to PS Status
http://www.knobias.com/story.htm?eid=3.1.693de34f64b0285d62b78a806dfb55d4ce597bf98767676be0098693645dd2ed

"We are extremely excited to be re-launching and announcing the new developments that Mammoth Energy Group will be undertaking as the company moves in a new direction in the energy sector," said Mr. William Lieberman, Chief Executive Officer of Mammoth Energy Group. "The Company is seeking to quickly move up to the OTC BB or Amex markets in the future," he added.

02/22/2010 Mammoth Energy Group Announces New Initiative in Alternative Energy Mining and Exploration, and launches a new website
http://www.knobias.com/story.htm?eid=3.1.f18f734e659f0ab4bbf770fd1f5c88fa0e44256e668f939597d83e6e600aaec4

02/25/2010 Mammoth Energy Group Announces Move Into Developing Alternative Energy Sources
http://www.knobias.com/story.htm?eid=3.1.bdc86a937685b5491c49f61d6667d3b7512fe3be4daedd593b5a086811aa451a

Mammoth Energy Group Inc. announced today that it is moving the company into alternative energy mining and exploration. The company is divesting its claims on its Pawnee County, Oklahoma, oil and gas project.
"The company is moving in another direction focusing on alternative energy mining and exploration and the Pawnee project no longer made sense for our strategy," said Mr. William Lieberman, Chief Executive Officer of Mammoth Energy Group. "We see where the future of alternative energy mining is moving and Mammoth Energy Group intends to have a large stake," he added.

05/18/2010 Mammoth Energy Group Announces It Is in Final Discussions
http://www.knobias.com/story.htm?eid=3.1.579b96f5aac43db9f5de047674548e71f0c57b28940a389543a77551866c2018

Mammoth Energy Group Inc. announced today that it is in final discussions with Salt Gold Inter Chile Limitada, of Chile, regarding its Lithium concessions.
salt Gold Inter Chile Limitada currently operates in the North West region of the country located in the heart of the Atacama Desert.
"We are moving along diligently and as quickly as possible," announced Mr. William Lieberman, President of Mammoth Energy Group.

06/11/2010 Mammoth releases 2010 First Quarter Report
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=32898

During the first quarter of 2010, the Company entered into a Letter of Intent to begin lithium mining operations in Chile. It is currently finalizing contract negotiations to begin the project and expects to begin operations early in the third fiscal quarter of 2010.

6/28/2010 Mammoth files Current Information Attorney Letter
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=33379



As of March 31, 2010 there are:
5,000,000,000 authorized common shares
2,461,479,891 issued and outstanding common “CA” shares
15,309 issued and outstanding common “C1” shares
205,587 issued and outstanding common “C2” shares
2,460,970,972 common “CA” shares in the float

-Current MMTE Market Cap at .001 -> $2.46 million
-AMEL.ob, another Lithium play with US Lithium holdings, is sporting a market cap $46 million with no revenues as well.
-Similar market cap would place MMTE in the .02 to .025 range. MMTE is currently 20-25x undervalued here.