Replies to post #55004 on Strategic Asset Leasing Inc (fka LEAS)

[Infinitygold]

On March 23, 2011 all remaining 658,500 Preferred "C" shares were cancelled by the
company from a board resolution enacted by the company's management.
On March 23, 2011, the shareholders’ approved an amendment to the Company’s
Articles of Incorporation increasing the authorized common stock to 15,000,000,000
shares with a par value of $0.0001.
On March 4 , 2011, the Company reached a financing agreement with an unrelated
party. Pursuant to the terms of a Convertible Promissory Note the Company can
finance up to $ 142,000 dollars at an annual interest rate of 7%. The conversion
properties of the note are as follows: The conversion per the documents is stated at par
value; however, it is the understanding of the parties that the conversion method make
take other forms as may be acceptable to the lenders and management at the time of
conversion.

[adama1984]

ACE WAS THE BEST AND THE REASON I STARTED PLAYING GUITAR!! ;-)

Hope MMTE becomes a ROCKET RIDE!!! ;-)

GO MMTE!!!

[zspike]

is this something to worry us The Company’s liquidity and ability to achieve profitability is dependent on its
ability to raise capital to improve its leverage position and to generate adequate
production volume to sustain its operations and service debt. Unless the Company is
successful at raising sufficient capital to complete its acquisition of the lithium
concession in Chile, it raises doubt as to its continuation as a going concern.
Net Cash Provided by Operating Activities
The Company’s operating activities do not generate cash. The Company has
had limited operations primarily having lost its main revenue stream, an oil lease.