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Strategic Asset Leasing Inc (PK)

Strategic Asset Leasing Inc (PK) (LEAS)

0.0045
0.00
(0.00%)
Closed February 26 04:00PM

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LEAS News

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LEAS Discussion

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TheOTCstocksGuy TheOTCstocksGuy 16 minutes ago
Ask currently sitting at .0055! Hope that’s a sign of things to come!! Let’s gooooo!!
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BDEZ BDEZ 2 days ago
About time we run....great to see.

LEAS
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SlamDunk89 SlamDunk89 3 days ago
Gotta be that rare otc run 001 to .03 somewhere on this not market with this SNP bull run ongoing. Seen maybe one my list do it already, so it’s happening again….. mega runs.
I hope and pray leas will be one of the mega runs…. And succeed massive in what their here on this earth to do.
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BeeHaus2 BeeHaus2 4 days ago
Great close! Let's keep this moving.
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findit findit 4 days ago
$LEAS - great move the last 2 weeks. Over .004 today which makes the move a 4 bag in that time frame. Then it was time for MM ASCM to join and slow the party. Congrats to ASCM as they succeeded again in getting weak links to sell lower than needed.
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Eddo1976 Eddo1976 4 days ago
Gotta love how some scare people out of buying at a low price with doom and gloom. Made them miss out on a 300% move. The OTC rarely trades rationally.
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Sauna Sauna 4 days ago
Don't let the door hit you on the way out
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trader59 trader59 4 days ago
Low volume walk up hoping to get out of this thing before they figure out the deal isn't a goldmine for anybody.
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findit findit 4 days ago
LEAS Poststream not showing posts. May be higher if it was.
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SlamDunk89 SlamDunk89 4 days ago
https://www.sec.gov/Archives/edgar/data/1907223/000121390024014990/defm14a0224_redwoods.htm
Good to see upcoming special meeting planned.
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JCESOSA JCESOSA 4 days ago
What’s moving this one up??
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Titan109162 Titan109162 1 week ago
Go to StockTwits, I have reshared the post. Dr. Sinkule stated this in a reply on LinkedIN.
When I asked him about it on LinkedIN he referred me to the LEAS SEC Attorney who has NOT responded.
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West2 West2 1 week ago
Yes greedy sinkule need to be held accountable
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Titan109162 Titan109162 1 week ago
The proposed Reverse Stock Split of 2,500 to 1 was never acted upon by FINRA/SEC. Would believe the reason was because of the apparent Stock Manipulation/Fraud.
Under the proposed Reverse Stock Split and the sale of 2,500,000 to Investors executed AFTER the Reverse Split, the Current LEAS Common Stockholders would own about 4% of the Common Stock.
The Investors buying the 2,500,000 Shares of the POST Reverse Split were buying the at 25 to 90% of their value (.0004 X 2500 equals $1.00; .001 X 2500 equals $2.50). One Investor was paying 0.25 cents for the Post Reverse Split LEAS Stock.
Do you suppose these Investors were just random investors off the street......definitely INSIDERS, FAMILY or FRIENDS.
Dr. Sinkule has been trying to Manipulate this stock for over two years.
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Xfree Xfree 1 week ago
Report him to SEC
Where he said that? Link pls
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West2 West2 1 week ago
Based on his previous sec filing with RS leas share should be around 417000 and multiply by 10 should be at least 4m for the leas share holders . Anything below that number will be a violation and ground for lawsuit.
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West2 West2 1 week ago
That will be worst than his proposed 2500 to 1 RS. He can’t get a conversion below that. That will be illegal and ground for lawsuit. This is a public traded company greedy DR can’t do whatever he wants
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West2 West2 1 week ago
Dr sinkule is greedy there will be a lawsuit follow after the fact
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Titan109162 Titan109162 1 week ago
West, Dr.Sinkule said 0.8% as in 8/10s of ONE percent. He stated that the CURRENT Shareholders of LEAS owning over ONE BILLION Shares (Common Stock) will receive about 42,000 (41,700 to be exact) of the 6,000,000 shares that LEAS receives in the merger from RWOD. This is a MERGER NOT an IPO.
This would mean every current share of LEAS Common Stock is worth less than 0.0004 cents per share.
Please calculate your share of 41,700 Share of RWOD Common Stock.
Mine is: I own 14,250,000 Shares of Leas Common Stock or a little less than 1.4% of the over One Billion Shares of LEAS Common Stock that is outstanding. I now will receive about 584 Shares (41,700 x 1.4%) of RWOD Common. Stock. My 584 shares of RWOD X $10 is under $5,840. If it goes to $100 per share it will increase to $58,400. If it goes to $1,000 per share it goes to $584,000.
Based on the original projection of about 175 Shares of LEAS Common Stock converting to 1 Share of RWOD Common Stock my 14,250,000 Shares of LEAS Common Stock convert to about 81,429 Shares of RWOD Common Stock for a value of $814,429. For the value of just 584 Shares of RWOD Common Stock to reach what Dr. Sinkule is wanting to do would take RWOD Common Stock to each almost $1,400.00 per share.
How many Pharmaceutical Companies have stock prices of $1,400 and if so how many years would it take.
Dr. Sinkule is trying to MANIPULATE LEAS Stock and take over 99% of the Common Stock of CURRENT Shareholders and shift it to INSIDERS, FAMILY and FRIENDS owning LEAS CLASS B Stock and obviously his 1,000,000 Class C Shares.
How can Dr. Sinkule begin to believe this kind of MANIPULATION can be either LEGALLY or MORALLY correct?
If this isn't the biggest case/example of STOCK MANIPULATION/FRAUD it has to be close. At least Bernie Madoff made his clients/shareholders believe they were making a profit under his ILLEGAL PONZI Scheme.
Dr. Sinkule simply wants and expects to take over 99% of the Common Stock owned by CURRENT Stockholders and give it to INSIDERS, FAMILY and FRIENDS.
PLEASE take action now and message Dr. Sinkule on LinkedIN and LEAS' SEC Attorneys at pgoodman@cszlaw.com....DEMAND answers on where in the S4 Amendment 8 that will allow Dr. Sinkule to do this.
The current S4 has the paragraph that everyone on StockTwits is happy about that states RWOD receives ALL equity in LEAS for 6,000,000 Shares of RWOD Stock. It does NOT STATE what the CONVERSION rate is for Class C, Class B, and Common Stock.
The S4 has the ominous statement that CERTAIN Shareholders can receive up to 5,000,000 additional Shares of RWOD Stock when milestones are met. Obviously NOT ALL Shareholders will receive these additional 5,000,000 shares.
Publicly Traded Companies are supposed to have the best interest of their Shareholders in mind NOT try to defraud them.
It would be very simple and TRANSPARENT for LEAS and RWOD to state exactly what the conversion rate is for LEAS Common Stock to RWOD Common Stock. A reputable Company would do just that.
If Dr. Sinkule's intent and statement is buried somewhere in the S4 after 8 Amendments we have time to try to get it changed before the RWOD Shareholders vote on March 8, 2024.
The SEC has HELP@SEC.gov for complaints in regard to STOCK MANIPLULATION/FRAUD.
Why would you choose to sit by and do nothing? What do you have to lose by asking questions....isn't that called DUE DILIGENCE.
I definitely want my 14,250,000 shares to be valued at the fair rate that Dr. Sinkule wants to transfer to his INSIDER, FAMILy, and FRIENDS NOT less than 0.0004 cents per share.
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TheOTCstocksGuy TheOTCstocksGuy 1 week ago
Once volume comes…should retest high of .0059!
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Xfree Xfree 1 week ago
Link please
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West2 West2 1 week ago
From what the crazy DR said 8% for leas shareholders. 8% of the IPO 115M or 97M this will be around $9M or $7M for Leas shareholders 10% of watermelon is better than 100% of grapes
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West2 West2 2 weeks ago
Dr is full of crap even with 2500 to 1 conversion the number do not make sense. If you divide 1B by 2500 it will give 40000 and multiply the number by 10 that is $4M for the LEAS the minimum payout based on his previous filing. Easy law suit for LEAS shareholders. We got treated as trash by the crazy DR because he want to drive Leas shareholders out for two years. Dr treat Leas shareholders fairly or get your first lawsuit
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Titan109162 Titan109162 2 weeks ago
Back at you. SHOW us any calculations in the filings. The new S4 does NOT have calculations either. What everybody on StockTwits is happy about is a paragraph that STILL does NOT provide any calculations. Even provides an ominous CERTAIN Shareholders will receive incentives.
The doctor is the CEO and made the statement based on something.
I am not selling my shares and hope that we all come through with the maximum conversion possible.
My point is still why sit on your thumb when you could be asking questions of Dr. Sinkule on Linkedin and the SEC Attorney: pgoodman@cszlaw.com
If enough people demand answers maybe we'll get them in an official message or News Release. Only option left after the merger if the doctor's message is correct will be a Class Action lawsuit.
Have you thought about RWOD's Stockholders, their Company is providing them with everything they need to know....LEAS not so much.
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Uncleval Uncleval 2 weeks ago
Please show us this your new calculation in the filing. We can only by what’s in the filings and not a private conversation with Dr.
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Bishopbe Bishopbe 2 weeks ago
casino always win
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Titan109162 Titan109162 2 weeks ago
Everyone needs to read the message from Fishingallday on StockTwits. Please read my various posts on StockTwits, we need to send messages to the SEC Attorney and bombard Dr. Sinkule for clear answers/transparency. I messaged Dr. Sinkule and he would NOT confirm his previous response. Dr. Sinkule referred me to their SEC Attorney: pgoodman@cszlaw.com
Somewhere in seven amendments to the S4 the conversion was changed from 175 LEAS Shares of Common Stock for 1 Share of RWOD stock.
This now means that of the 6,000,000 shares of RWOD Stock for the LEAS Shares, the 1,044,000,000 Leas Common Stock Shareholders receive LESS than 42,000 Shares of RWOD Common Stock. My example is 14,250,000 shares of LEAS Common Stock becomes less than 588 shares of RWOD Common Stock or about $5880 in value. Each Share of current LEAS Common Stock converts at LESS than .0004 Cents per Share.
We need to take action now as Shareholders. I am going to file a complaint with the SEC today for STOCK FRAUD. The website for the complaint is: Help@sec.gov
If anyone has ever dealt with a Stock Fraud Attorney, please provide the information.

Hopefully if enough Complaints are received by the SEC, we could stop the Merger with this Conversion of LESS than 42,000 shares of 6,000,000 RWOD Common Stocks for 1,044,000,000 Shares of LEAS Common Stock and the Shareholders holding them.
If we can't stop the Merger in its current format we need a Class Action suit for Stock Fraud.
Imagine Shareholders dating all the way back to 2006 receiving LESS THAN 1% of a buyout merger.
Publicly traded Companies even in the OTC are supposed to look out for the best interest of their Shareholders. LEAS and Dr. Sinkule has been trying to screw the Common Shareholders of the Company from the beginning with a 2,500 to 1 Reverse Stock Split. At face value that would have been okay with everything being equal, the stock would have been valued at the same. The part that would have screwed the Common Shareholder was the Conversion of Preferred B Stock at 150 to 1 AFTER the Reverse Stock Split.
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oceans11 oceans11 2 weeks ago
Yes please stop.
How’s that split working out?
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EM8000 EM8000 2 weeks ago
Stop acting stupid
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oceans11 oceans11 2 weeks ago
Just the one in your pants where the door hit you on the way out.
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JCESOSA JCESOSA 2 weeks ago
Thomas,
ANEW has been working diligently, day-by-day, week-by-2week, month-by-month since May of 2023 to bring value and additional assets into the company. We cleared SEC comments last week and the SPAC's (Redwoods) attorneys (Loeb&Loeb) are working on the Redwoods shareholder meeting, and so on. I am told that we will be completing the M&A in March and likely trading under our Nasdaq symbol, "WENA" by the end of March, God willing. I want to thank the shareholders of the old defunct shell, Strategic Asset Leasing, and the investors who have been putting money into ANEW MEDICAL for their patience and financial support. The S-4 filed by the SPAC, Nasdaq:RWOD, further explains the process going forward. We at ANEW are looking forward to being listed on Nasdaq, a major global market for pharma and biotechnology companies like ANEW, and the listing providing us a vehicle and offering structure for rounds of financing needed to take drugs from discovery to market approval.
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EM8000 EM8000 2 weeks ago
Is there a reverse split?
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StockRoomBully StockRoomBully 2 weeks ago
Fillings says it all
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WingCityMan WingCityMan 2 weeks ago
https://www.openweb.com/share/2c90Z5ByLi93eqaH1m3rnltemkT
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Uncleval Uncleval 3 weeks ago
Hopefully, we are almost at the finish line guys. Fingers crossed.
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StockRoomBully StockRoomBully 3 weeks ago
"On November 4, 2023, the Company entered into Amendment No. 1 to the Business Combination (the “Amendment”) with the other parties thereto. The Amendment extends the termination date under the Business Combination Agreement from November 4, 2023 to March 4, 2024 (the “Termination Date”); provided, further, that (i) the right to terminate the Business Combination Agreement will not be available to the Company if any Company party’s breach of any of its covenants or obligations under the Business Combination Agreement will have proximately caused the failure to consummate the transactions contemplated by the Business Combination Agreement on or before the Termination Date, and (ii) the right to terminate the Business Combination Agreement will not be available to the Company if the Company’s breach of its covenants or obligations under the Business Combination Agreement will have proximately caused the failure to consummate the transactions contemplated by the Business Combination Agreement on or before the Termination Date."

119
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StockRoomBully StockRoomBully 3 weeks ago
Another 35k paid to extend into March 4 termination deadline
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StockRoomBully StockRoomBully 3 weeks ago
All S/4 updates "no longer be necessary" lol

Who's having a hard time comprehending below?

"NOTE 11 — SUBSEQUENT EVENTS

On January 11, 2023, a shareholder repaid a $250,000 short-term loan to the Company.

On May 30, 2023, the Company entered into a Business Combination Agreement with Redwoods Acquisition Corp., a Delaware corporation (“Redwoods”), and Redwoods wholly owned subsidiary ANEW MEDICAL Sub, Inc., a Wyoming corporation (“Merger Sub”), The Business Combination Agreement and the transactions contemplated thereby were approved by the board of directors of each of Redwoods and the Company.

The Business Combination Agreement provides, among other things, on the Closing Date, upon the terms and conditions set forth herein and in accordance with the applicable provisions of the Wyoming Business Corporations Act (the “WBCA”), Merger Sub will merge with and into the Company, with the Company as the surviving company in the Merger and, after giving effect to such merger, a wholly owned Subsidiary of Redwoods, and each Company Share will be converted into the right to receive the Merger Consideration, on the terms and subject to the conditions set forth in the Business Combination Agreement.

The Business Combination is expected to close, and the related S4 is expected to be effective, in the third calendar quarter of 2023, but in no event later than December 4, 2023, following the receipt of the required approval by the stockholders of Redwoods and the Company, approval by the Nasdaq Stock Market (“Nasdaq”) of the initial listing application of the combined company filed in connection with the Business Combination, and the fulfillment of other customary closing conditions.

The Company’s pending name change to ANEW MEDICAL Inc. and a reverse split will *no longer be necessary* as the combined company will be renamed ANEW MEDICAL Inc. on the Business Combination closing date and the Company’s outstanding common stock and preferred stock will be converted into 6,000,000 shares of the combined company’s common stock.

The Company evaluated all events or transactions that occurred through March 23, 2023. During this period, the Company did not have any material recognizable subsequent events.

F-81
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Dspeer Dspeer 3 weeks ago
For the sake of time on my part... I'm just going to simply bow out and kindly agree to disagree with your assessments on this one. My personal DD on this is... this deal is all but done besides a few clerical corrections... hence the amended S-4 posted today.
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trader59 trader59 3 weeks ago
But... put yourself in the shoes of the RWOD shareholders. Your board is proposing to hand over 6M shares of stock, massive dilution of your holdings, and all the cash in the treasury, to the owners of ANEW. What does ANEW/LEAS bring into this deal? $2k of cash, $5k of prepaid expenses, licenses that they, themselves, value at $2.2M, offset by accounts payable of $177k, a note payable of $1.3M, ZERO revenue, $500k of expenses for 9 months. Do you really want to hand over 6M shares of stock for that, to see your stock diluted for more than double the current O/S, and $57M for THAT?
No, you wouldn't, you'd walk and take your $10 per share with you, chances are when other NASDAQ investors see that crap, the PPS isn't holding $10.
You need to look at that document again, go to page 160 for the pro-forma information on the combined company, and scroll all the way to the right to see the "Assuming maximum redemption" columns, because that's going to be pretty close to what happens if this alleged deal progresses.
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Dspeer Dspeer 3 weeks ago
This would make a ton of logical and perfect sense if one wasn't to do a little digging in there DD. They are merging because both side have what each other needs to become a strong NASDAQ trading company. It's all about the assets and business model combination that RWOD has agreed/agreeing on to make this merger worth it for both parties involved. Stinky pink meets dormant NASDAQ asset that needs new life... NASDAQ (RWOD) likes the business model, in the simplest terms, and wallah the perfect mate!
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trader59 trader59 4 weeks ago
The document linked today is just another update to the registration and proxy statement of RWOD. There's still not a date in it for the shareholder vote. I doubt that RWOD shareholders are going to be big fans of handing over $60M worth of stock for a company trading (barely) at a market cap of $1.3M on the OTC and that hasn't done jack lately. It is pure dilution of their $10 stock, and they can redeem and walk away if they don't like it (taking the cash out of the company treasury).

The purpose of the RS was to essentially wipe away the legacy stock from the previous business of LEAS and award the owners of ANEW (who hold those preferred shares that were to convert after the RS was complete) with the lion's share of the equity in this company. Because the CEO has voting control, he can simply take the RWOD stock and divide it amongst his classes of stock as he sees fit. He owned 30% of ANEW prior to merging it into LEAS, and I expect he'll want to own a similar stake of the RWOD shares awarded in the business combination.

I know that doesn't directly answer your question, but do you really think that you're going to get a windfall from buying stock that barely trades on the OTC from a NASDAQ SPAC wanting to buy a $1.3M company for $60M?
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Dspeer Dspeer 4 weeks ago
Is it really that confusing? Read the filings LEAS merger value is approximately $0.057 according to the publicly posted filings.

Simple math at what you currently own LEAS shares at... simple math at what your share value is at and what your LEAS share would be in a worse case R/S with averaging down staying green... it is still a no brainer win @ a publicly filed agreed merger value of $0.057 per LEAS share being merged into RWOD share value around its current share value of around that $10 per share range... not a hard concept unless the purpose of the given questions is to sow doubt and confusing.
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EM8000 EM8000 4 weeks ago
A 1,000,000 shares worth $1,300
How much it will be after the merger?
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EM8000 EM8000 4 weeks ago
So if you have 1 million shares now in $LEAS HOW MUCH WILL BE AFTER THE MERGER?
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Dspeer Dspeer 4 weeks ago
simple math with a little DD goes a long way, but maybe that's not the point of confusion you're trying to make...
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EM8000 EM8000 4 weeks ago
After the RS will be at .057?
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WingCityMan WingCityMan 4 weeks ago
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001907223/000121390024009115/fs42024a5_redwoodsacq.htm
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Dspeer Dspeer 4 weeks ago
I'm just putting it out there... I would be watching RWOD closely with news about LEAS. I'm thinking this deal is finally done!

If you are in the RED... JMHO... I would be averaging down just in case there is an R/S... averaging down, in this kind of R/S, will still allow you to come out way ahead when merged into RWOD @ the $0 .057

One of the very, very, very few scenarios you can still come out way ahead even if there's an R/S.
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starkd748 starkd748 4 weeks ago
.0002 I'm a buyer
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