Replies to post #83996 on Strategic Asset Leasing Inc (fka LEAS)

[#NeverPennyLand]

i think there is a better chance of catching polio than MMTE achieving uplist.

[MadBrewer]

Only real way MMTE can uplist is-to-R/S;
and THAT would be the death of this as far as any "longs" are concerned.
Especally if it happened before anything really real happens ie;
Chile changed it's laws,
China made a Li trade agreement w/Chile,
Russia offered to buy MMTE's concessions, etc.

Does anybody know the earliest that MMTE can up list? Also what can they up list too?

To answer your last question,
MMTE can uplist to the NASDAQ @ $2.00 a share.
At a current price of .0005;
a 4000-1 R/S would bring the pps to 2.00;
a 1mil shareholder @ .0005, would see their share count down to 250 shares; YET the A/S drops also;

As of June 30, 2011 there are:
15,000,000,000 authorized common shares,
15bil/4000= 3.75mil shares,....so,

Instead of owning 1mil shares out of 15bil shares,
you own 250 out of 3.75mil shares,
nothing changes, market cap stays the same, value stays the same.

This has been played for so long that the number of naked "shares" traded exceed the share count that the DTC will halt trading for months,
(halt trading for most brokerages, not all but most),
while they try to find the "true" share count so the reduction can be accounted for.

Why do "most" brokerages, yet not all halt trading,....
so the mm's can start buying to make up for all the "naked shorts" they've been selling, it's a buying frenzy that very few can take advantage of.

Nothing worse than to finally see your stock rise 75-150% & if you try to sell or even buy more, you're met w/this;
"trading of this security has been suspened",
yet you see volume everyday, someone's trading but I can't, why you're ask,....

in order to a R/S, they have to verify ALL the shares to EVERYBODY in order to effectally consolidate to R/S.