Strategic Asset Leasing Inc (CE) (LEAS) Quote

They'd be worth $2.34 (RWOD PPS) times 0.00004 or $0.0000936.

Keep in mind, most all of the RWOD retail holders redeemed their stock, resulting in hardly any cash for ANEW to make any progress. They just announced they sold some stock, and the 6M shares awarded to the ANEW shareholders are all dilution to the $2.34 shares. NASDAQ investors aren't OTC investors, they don't buy fluffy hype about a company, they look at the bottom line.

I don’t know, but RWOD shares crashed down $3.56 to $2.34 today.

Just trying to inform. Anytime an OTC company says they’re going to do a RS, everyone should plan for it, even though this one was weird.

So after the merger, how much each share of $LEAS be worth??

You were right, my apologies for giving you shit thinking you were just trying to cause selling. Luckily I did sell bits and pieces amounting to nearly 2 million shares as it went up. My remaining 2.55 million had a cost of about $0.0007.

There's several of these on the board, but it was predicted:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174257497

At that exchange, the 1B shares of the O/S get 40,000 shares of the 6M shares awarded in the exchange. That's less than 1%. The preferred shareholders (including the CEO) will get the rest.

Here we go. My 2,550,000 LEAS shares will become 102 WENA shares. Take your LEAS shares times .00004 and that’s your number of WENA

https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2024-298

Not sure what this means, but it was in the RWOD 8K, and much of it mentioned Strategic Asset. Not sure why any of these people would want LEAS shares if they were going to be worthless.


On May 31, 2024, the Company cancelled 12,824 shares of Class B Preferred stock for a group of five individuals. The Class B preferred stock was valued at $16,415 or $1.28 per share.

On May 31, 2024, the Company cancelled 2,500,000 shares of common stock to be issued for two consultants of the Company. The stock was valued at $3,900 or $0.0016 per share.

On May 31, 2024, the Company granted 500,000 shares of company unregistered common to a group of five scientists for services to the Company. The stock was valued at $150 or $0.0003 per share.

On May 31, 2024, the Company granted 3,266,640 shares of company unregistered common to the Company’s CEO as a bonus. The stock was valued at $980 or $0.0003 per share.

On May 31, 2024, the Company granted 2,373,401 shares of company unregistered common to a group of 14 individuals for services to the company. The stock was valued at $712 or $0.0003 per share.

The Company evaluated all events or transactions that occurred through May 31, 2024. During this period, the Company did not have any other material recognizable subsequent events.

im hearing this shit will be so diluted because of the conversion of the preferred B shares...

new rwod filing

No date set yet

But when???

For now we just sit to see what happens when this deal closes. When RWOD stops trading and WENA starts trading. If we don’t see WENA shares in our accounts, then I’d say we’re screwed.

No im saying after it hits nasdaq

So were fucked?

What deal? This piece is dead in the water in the expert market in case you haven't noticed...

Are the common shares worthless under this new deal??

I thought you said, "Dr fatso too greedy so he brought all us down with him". You can't have it both ways.

And hopefully not a 1-2500 conversion

I'm hoping this gets done before July 4. Big WENA!

https://stkt.co/OQOpKLCJ

Big nothing

and big WENA

Looking forward to Nasdaq news

Look out Ringing, the sky might fall today.

Exactly it wont happen right

What merger?

Will this. Merger be done this year

Dr fatso too greedy so he brought all us down with him

I think they have no intention of going thru with the merger

The people who invested in ANEW when it was private are the ones who are going to own the bulk of it. That's been very clear from the RM a couple years ago with the nearly immediate announcement of the 1-2500 RS and the change to the corporate charter to reflect it and the award of the preferred B shares to those investors in ANEW with a 100-1 conversion into commons. The RS reduced the O/S of about 1B shares down to 400,000 shares, and the conversion of the preferred B's would make 40M common shares, so the legacy shareholders of LEAS would get roughly 1% of the company. That makes perfect sense, since nobody holding LEAS shares has given ANEW a plug nickel, they hold and trade shares sold by the failed businesses that once occupied LEAS and for which the cash raised from the initial sale is long gone.
So, no, the LEAS holders are not entitled to a significant portion of the RWOD/WENA stock.

So all leas holders are pretty much fucked

Don't know. I'd bet they're getting the story straight for the exchange of stock. I've said all along the common shareholders of LEAS were going to be RS'd one way or another since the Dr. had been very public about what he was up to, but the naive who thought they'd found a "sure thing" on the OTC and didn't actually read through the financials for themselves are still going to whine about it.
On the other hand, you do know that virtually all the retail common stock of RWOD was redeemed for cash, right? That means that the Dr. is merging his company into a shell with no cash to do anything with now, and carries the burden of the founders share holdings, effectively giving a significant part of his company to them for nothing. Cash in the treasury is why some companies do these business combinations, without it, it may not be worth it. If they have to turn around and do a stock offering to raise money, it ain't gonna be at $10 per share.

Why would they keep extending this trader?

He must be referring to the outcome of a 1-2500 reverse split of the common stock followed by a 100-1 conversion of the preferred B shares described in every quarterly/annual report. That works out to 1-250000, of course, so if he only does 1-25000, it means that instead of the preferred B shareholders getting 99% of the WENA stock, they'd only get 90%....

But whats causing the god dam delay? Also what conversion do u see happening?

They don't have a choice

I see no filling at the Wyoming SOS that could allow them to further reverse split LEAS by 1:10 (The only way they can get to 1:25000 like Sinkule is circulating)

RWOD fillings are lacking a proper description of the Exchange Ratio, in my opinion. (At the very least they should tell the shareholders how the LEAS Preferred B will be "treated")

https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=023134109014071170057137212225204229086026117085

but not having the merger he loses money doesn't he?

yea so?

We on expert market

Do you think he did?

So we all wonder and ponder if the doc did or did not scam us. Classic delay / stalling tactic.

why do they want to to delay this?

VERY UNLIKELY to be this week

Like other mentioned, it can be extended until December 4th 2024 (Likely going to be extended, by an extra month, at first)

The announcement, a day before it happens, should appear there:

https://www.nasdaqtrader.com/Trader.aspx?id=archiveheadlines&cat_id=105

or there:

https://otce.finra.org/otce/dailyList

When will merger happen

6/4 and. No news wow

That's definitely true, that's always how SPAC DEAL works

Have you watched other SPAC deal?

The combined entity starts trading (Pre-market) at the price the SPAC last closed at, the day before (Check AGBA on November 3-4 2022)

Usually, the Market Makers makes sure the price stays close to 10$, before the closing, but sometimes they don't...

U think? This may get delayed further or we not get anything

He who is patient get big WENA.

This is some bullshit just tell us no your not getting the wena or tell us its delayed