Strategic Asset Leasing Inc (PK) (LEAS) Quote

What all this mean for us? LEAS holders?

They can distribute the RWOD shares any way they want. That’s the deal. They can distribute them as if the RS had been applied, as it was approved and included in the corporate charter.

Ok all that makes sense and it is written in the filings accordingly. Only the 2500 to 1 RS would have had to happen for that to work. As of right now there playing with the actual OS numbers of 1,044,861,360 converting at 10.00 a share 60 million dollars 6 million shares they need a loophole to knock retail out at which i don't think they've found. All the numbers are pointing towards the OS not preferred b shares. Retail is a factor as it looks like there converting LEAS's OS into RWOD.

https://sih-st-charts.stocktwits-cdn.com/production/original_570223139.png

Sorry, bud, but from the start the owners of ANEW said they were doing the 1-2500 RS. It was there in every financial document they published. That would have the effect of lowering the O/S to a little over 400K shares. When they merged in, they got just over 400K preferred shares that convert 100-1, meaning 40M shares. It was very clear to anyone who could read that the owners of ANEW were going to own 99% of the equity in the public ticker LEAS. And they should, they're the ones who started and invested in ANEW when it was private, they owned 100% of it and weren't going to give it away to the bagholders of a stinky pink shell company.
Only when the RWOD deal looked like it was going through did they say they no longer needed the RS, but they've never published what the exchange was going to look like. You can get a clue about that by looking at the CEO's portion of the 6M shares of RWOD, he gets 1.4M of it. The other preferred shareholders will very likely get the lion's share of the remaining 4.6M.

https://investorplace.com/2024/04/rwod-stock-7-things-to-know-about-the-anew-medical-merger/

NO NO NO and an extra NO ANEW reverse merged into LEAS becoming LEAS all of ANEWS shares were already converged into leas's OS and it is documented stateing just that. There is no longer any prior ANEW investor as ANEW and LEAS became one and the same. ANEW MEDICAL, INC. (OTC: LEAS) and Redwoods Acquisition Corp. (NASDAQ: RWOD) Entered into a Definitive Merger Agreement
https://www.otcmarkets.com/stock/LEAS/news/ANEW-MEDICAL-INC-OTC-LEAS-and-Redwoods-Acquisition-Corp-NASDAQ-RWOD-Entered-into-a-Definitive-Merger-Agreement?id=403374

The worst case scenario would be the mathematical equivalent of them doing the RS they’d planned, leaving the legacy shareholders of LEAS with about 1% of the 6M shares or 60,000 to divvy up between over 1B commons.
The CEO had a 30+% stake in his company, and is taking 23.3% of those 6M shares, so it might be slightly better than worst case, but I doubt it’ll be anything close to 175:1.

Meaning its already locked in to merger agreement that ANEW shareholders will start at 10 dollars a share 60 million dollars 6million shares from leas OS of 1,044,861,360 somewhat like a reverse split only its a conversion of 175 to 1. 1,044,861,360 divided by 175 = 5,970,636 shares. Unlike reverse split conversion should put us at 17x what we have invested. Hopefully theres no loopholes that can lock leas shareholders out of merger completely. Don't know how they can move shares to rwod without shareholders we will just have to wait and see

What was your figure on the conversion ratio after preferred were converted? I’d like to calculate my worst case scenario on the number of shares of RWOD/WENA I would receive.

I am going to wait to the end...

$LEAS simple terms as I see it, nobody has lost anything. The ability to buy more was disabled for retail by moving trading to EM, temporarily. Retail can still sell however.

Once EM period is over and the merger complete, new shares will be issued to everyone through some conversion rate (TBD) and you can resume buying/selling of the new shares.

April 18 was last day for retail to buy LEAS openly. Now you either sell or wait for the new shares.

Sound correct? Feel free to correct me, as I am not an expert by any means.

The company has never stated a conversion ratio. That 1:174 crap is just "speculation."
The company did say they were going to essentially have the owners of ANEW (those who invested in it prior to inhabiting the LEAS shell) own 99% of the equity by effecting a 1-2500 RS then converting the preferred shares into common. With the RWOD merger, they later said they no longer needed the RS, and they can distribute the 6M RWOD shares anyway they want since they control the vote. That is reinforced by the CEO getting 1.4M of the 6M RWOD shares.

1.174 conversion meaning what? When the name will change ?

That was the correct answer..........Kudos...........

Z

From what I read, it’s a 1:174 conversion , Rolled into an actual NASDAQ company that will be profitable

Fidelity won't let you buy leas anymore

You can always sell what you have in expert market, at least with E*TRADE and Charles Schwab, but not buy. But what’s the point? Why not Hold for the conversion and the up listing

Leas is not on corporate action....

Maybe but I'm holding for gold.

It is possible to sell at 0.0027...

anew is in Nyse

WENA or ANEW?

To get rid of us.Simple...this is what they were waiting for.That is why were kicking the can...

Then why on my other share that change market to expert transfer name and was applied to us?

Wena but not for Leas but Rwod.

The new symbol is supposed to be WENA, which isn’t trading yet.

And new symbol will be?

This is the shareholders value as mentioned Dr.

Yes. It doesn't matter whether it's in the gray market or not. We'll just have to wait what the convention rate is.

It looks like all merger was just one big thief

Are there shares supposed to change to the new Stock name? I had another shares that merge and my stock were transfer to the new symbol

So they finished the merger, and made LEAS shares, worthless, nice

Looks like LEAS shareholders should have sold and purchased RWOD. At least, for now, RWOD is alive and doing great in the premarket.
Now that LEAS is expert market my broker is requiring a call to place a sell. Can't win them all. Hope the good Dr enjoys his retirement profits.

and what about Leas shares ?? We are in the Expert market now.Maybe it is irrelevant now I do not know.

Redwoods Acquisition Corp. (RWOD) shares surged 72% after Thursday's 3.2% drop.

That’s a nice sign.

RWOD closed yesterday at 7.99 and now premarket is up at 12.78. 1.2 million shares! Crazy.

https://www.otcmarkets.com/stock/LEAS/overview

Show proof

We are in the Expert Market.What next ??? 0.0001 ???

Well merger is here so idc

Always someone around to say I told you so!!

Old enough to do stocks…

Like I said, how old are your?

Y u care f off

I would really like to know how old your are?

Why??

Wow, an OTC company actually followed through on their merger, incredible.

This one is toast.