Replies to post #97887 on Strategic Asset Leasing Inc (fka LEAS)

[jfburk]

Pretty simple to me, NI reports show the land to be worth 10-30K per acre so 24,000 acres at 10000 per acre puts the land worth 240 million dollars divided by 15 billion puts that at .016. but at 6.6 billion that makes the sp at .038 per share.

Now take that same number at the top end, 24000 acres at 30000 per acre puts the sp at .048 but at 6.6 billion shares that puts the share price at .108

That is the current situation so the point is you retire shares, or use the additional 8.4 billion shares to increase the acres thus the value of the land. Not really that difficult.