Replies to post #73745 on Strategic Asset Leasing Inc (fka LEAS)

[jfburk]

Look, I am a bottomline guy and although I agree that the complaint is of concern what is more of a concern to me is the concessions that have the ability to add billions to the bottomline and thus shareholder value. Can someone explain to me the big issue here and why this complaint at this time? Sounds like an attempt by Overcash to get his hands back on the company that is about to succeed.

We have already done the math many times on the value of the company with 5 billion or 15 billion shares. So unless someone can prove that the sp isn't badly undervalued at this price then to me this is nothing more than an irritant.

[Chroma-Z]

OK I will give you a very brief introduction of this scenario:

M&A Advisors w/Martinez was part of the Overcash connection - basically they ran hand in hand. Several dealings, etc etc. You can look up more if you would like but that is the bottom line.

Izzy loaned money to MMTE as a shareholder in 2009. Total was about $10,500.

Now M&A is suing MMTE/Lieberman/Izzy/Does and XYZ Companies.

The problem comes in we have found several things - one being the reason the PPS has dropped, we had 245 million shares likely sold (or available to sell) since June. These were not cancelled according to the court order information that was posted on the MMTE board.

In regards to the contracts - you are absolutely right - it all depends on wording. I deal with construction related contracts but the same things apply.

IMO it cannot be stressed enough that MMTE needs to provide honest answers to these questions. Not the generalized statements that have been found in some PRs but straight to the point factual statements and let the shareholders decide which way to go from there.