Replies to post #109373 on Strategic Asset Leasing Inc (fka LEAS)

[daytona45]

I bought MMTE when the momo started in Jan last year. a promo brought us to these high levels.
ever since I follow this one closely.
flipped a few times this year...

I hope you all get your Bentley.

you deserve it.

[jaws123]

R/S (from experience of many occassions)...

The RS in the Pinky World is a TERRIBLE TERRIBLE HORRIBLE TRAGEDY for investors...

Let's say you own 1 million shares @ a rate purchased at $100. A RS takes place at a rate of minimum (and this is giving a lot of *Benefit of the Doubt* here) 1/100 at a new PPS of let's just say $0.05. You now own 10,000 worth $500. Now, while you may have a profit, you will NOT BE ABLE TO SELL UNTIL EVERYTHING IS CLEARED UP ON THE BROKERAGE SIDE OF THE HOUSE!

This usually takes a good couple of weeks (2 weeks minimum in a lot of cases). By this time, that PPS value of $.05 will have dropped DRAMATICALLY and your new PPS value will be realistically speaking $0.009 or maybe a $0.01.

(Your Shares of 10,000 x 0.009 = $90 OR Your new shares of 10,000 x $0.01 = $100) Oh, and don't forget about your transaction fee of $20 or whatever it is for your brokerage house "TDA or whoever you use."

By this time you are already competing with other people on being able to sell your shares and in the scheme of things, you MIGHT BE ABLE TO GET YOUR MONEY BACK???? !!!!!

So in the world of PINKS, I have NEVER NEVER EVER EVER seen a RS benefit ANY SHAREHOLDER whatsoever in the Pink Stocks I have held or other stocks where I have read other posters speak on about losing from a RS.

TERRIBLE IDEA - All in My opinion.