Replies to post #62745 on Strategic Asset Leasing Inc (fka LEAS)

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Kgem Member Profile Kgem Member Level Share Friday, May 13, 2011 11:54:06 AM
Re: None Post # of 62745
E-MAIL FROM LIBERMAN REGARDING A/S INCREASE AND NO DILUTION:


Kgem


Yes -- We increased authorized today. On share price it will have absolutely no effect. The company IS NOT issuing shares to anyone. Per two of the financing agreements we have just completed we had to increase the authorized as it was a covenant to the terms of financing.

People should not be alarmed or aware and they will not be diluted. This has absolutely nothing to do with the Preferred shares - as these are in the process of being cancelled.

As the company had 5 Billion outstanding and without going into too much detail as its confidential at this time -- this was just done as a covenant.

Please make this known. And feel free to post. I didn't expect to get this many emails this evening either.

I repeat -- WE ARE NOT ISSUING SHARES TO ANYONE. THIS WAS JUST A COVENANT FOR NOW.

All good news, people should be excited :)

You have my permission to post this on the boards.