States that the 3 documents (Order to Show Cause; Memorandum of Law in Support; and Affirmation of Melissa Brill with Exhibits) were served to the Defendants lawyer(s).
Plaintiff's lawyer submitted documents for support to reinstate Defendant Berkowitz.
From a court doc:
Order to Show Cause, and submit this Affirmation in Support of Plaintiff’s Order to Show Cause Why Plaintiff Should Not Be Given Leave to Further Amend its Complaint to reinstate Defendant Jan Berkowitz in this action following the dismissal of his bankruptcy case.
The Court wants the case to go to trial, and the case will be scheduled for trial; date is unknown at the time of these proceedings.
Also, it was mentioned that Zolotas was indicted for alleged bribery scheme in Cyprus, and Ms. Brill stated it having to do with Cyprus banks and his company Maritime.
Reporting Person: Perian Salviola
The Reporting Person may be deemed to have beneficially owned 71,500,000 shares of Common Stock through her ownership of Pallas Holdings, LLC. The Reporting Person is a member and the sole manager of Pallas Holdings, LLC.
The shares owned by the Reporting Person were issued in connection with the sale to a subsidiary of the Issuer by Pallas Highwall Mining LLC of Viking Prep Plant, LLC.
In the Viking Prep Plant transaction, as part of the consideration, the Issuer issued a convertible note in the original principal amount of $24,000,000. On or about September 2016, the Company issued the Reporting Person 71,500,000 shares toward payment of such note. The Company has the option to pay the principal and interest in cash or shares of common stock. The acquisition agreement also includes a true-up of the proceeds from such shares, but the amount cannot be calculated until such time as all shares issued as consideration of the purchase price have been sold. The Issuer has previously issued shares to the Reporting Person, all of which have been sold.
Debt fight leaves crew stuck for months on ship off Georgia
Newlead Castellano was sold at auction Monday. The article is dated Aug 09, 2016, so my guess is the ship was sold Monday, Aug 08, 2016.
The following is the PROPOSED ORDER, if it is actually ORDERED, well, NEWL loses. Zolotas changed the original CPA, tried to get $1 million, etc. etc. Don't believe me, read the transcript from Turko (doc #556).
Zolotas”) (collectively, “Defendants”) motion to compel pursuant to CPLR §3101 and §3124, the documents submitted in support thereof, and opposition thereto, and oral argument, it is NOW ORDERED that Defendants’ motion to compel is denied in its entirety. IT IS FURTHER ORDERED that Plaintiff is entitled to recover from Defendants its fees and costs associated with opposing the motion to compel.
The old MBs are difficult to find. I found this path on another mb:
financeDOTyahooDOTcom/mb/newl/?bypass=true replace the stock symbol with the desired stock. Usually,
financeDOTyahooDOTcom/mb/newl was valid, but not now. Under this new software, NEWL isn't valid.
I agree, Yahoo really blew it with this change!!! I suspect that many will exit and go else where. Marrisa Mayer needs to leave asap and have things the new changes removed.
Or, Red Oak lied about what their intent was; all the while making money and destroying the company. Most Investment Capitalists are only interested in making money; they don't care about the company. The early years of CBAI (as well as other struggling companies) will show you this; the investors loan money to the company and short the stock, making money in both directions; creating a "death spiral".