Replies to post #74651 on Strategic Asset Leasing Inc (LEAS)

[Phrozt]

The collateral was convertible stock available in a year.. it says so right in the documents as part of the bank transfer:

http://phrozencharts.com/etc/MMTE_Filed_Complaint_071811.pdf

pages 23-26

[bepo]

what a great deal....spending $40,000 in return for 400 million shares....thats quite a discount

why couldn't MMTE sell 27 million shares and generate their own cash.....or discounting 50% to an accredited investor is still only 54 million shares ( based on a pps of .0015 )

just did the math....they got shares for .0001 - wow