If Trump wins the nomination he can choose Jesse Ventura as his running mate. Yup, I can see the Trump cabinet choices: Vince McMahon for Defense, Stone Cold Steve Austin for State, The Undertaker for HHS...
And wouldn't The Rock be perfect for nomination to the SCOTUS?
If Newlead were involved in some dark enterprise to launder money, that process becomes nearly impossible to deliver meaningful results when the S/P crumbles making debt-to-shares conversions worth so little as to render the alleged scheme mostly worthless to anyone. Why would anyone go back deep in the archives to launch attacks on an attorney group the was hired by Newlead's audit committee to investigate the nickel wire adventure? Deevoise & Plimpton's engagement only proves the company's intent to maintain proper standards of corporate governance.
All this ado is just a red herring to confuse and conceal the real truth, IMO. Those that cratered the S/P want to divert attention from their "contributions" to a systemic campaign that drained equity and market cap from a lot of investors. Why else would so huge an effort continue to be devoted to killing off the little that remains of Newlead?
Ceresney? Andrew Ceresney who heads the Enforcement Division of the SEC? This man looks more like a hero since Dodd-Frank granted new latitude to crack down on inside trading and other irregular activities in the financial arena than someone that earned a cell-block reservation.
You really must be crazy.
Incidentally, the Brown Brothers Harriman settlement was for a pretty paltry $8M which is a lot by FINRA standards but peanuts in a Federal case that goes to court. Once again, you guys just keep making mountains out of molehills to tar and feather NEWL with these far out claims that are pure nonsense and largely unrelated to the company. What's next, some bizarro-world allegation that Newlead is responsible for the world's carbon footprint and global warming due to fossil fuels like coal and their trying to get into the coal business? LOL.
The crazies, loons and deranged asylum inmates are now weighing in on trying to discredit Newlead Holdings.
The conspiracy theories now include investment banks market makers, umpteen co-conspirator companies/management teams and... DAH-DAH... even the U.S. Department of Justice and Securities and Exchange Commission, all in cahoots. LOL.
Wow. Zolotas sure is well connected. LOL.
"Trump has addressed al these issues"? Trump has used illegals to build his properties, maintain the landscaping in his golf courses and employs many illegals his hotel's kitchen and housekeeping departments, right?
If Donald is such a loyal lover of America, why are all his wives from Transylvania-like dictatorships? And how many of Trump's huge business deals resulted in bankruptcy and the killing of 1,000's of jobs, like in Atlantic City?
Releasing Fannie and Freddie would be consistent with Trump's overall goal to divert 100% of all wealth to America's wealthiest one percent. Or an even narrower than 1% oligopoly, as long as it includes himself.
Donald Trump? More like Forrest Gump.
Trump in the White House in 2017 = the U.S. in the dog house in 2018= the U.S. in the nuthouse in 2019= the U.S. in the outhouse in 2020 = the U.S. in the slaughterhouse in 2021.
Hey, plankton brain, if a gang of armed thugs comes up to you and demands your wallet and you consent to giving it to them to avoid being killed, then in your lame view the victim gets named an accomplice in the crime? Surely you can't be that stupid.
Maybe Earle Yaffa, CEO of Skadden, Arps, Meager & Flom would be interested in financing that movie?
Hey, did you ever read the John Grisham novel "The Firm"? The book was a lot better than the movie with Tom Cruise.
NEWL has stated repeatedly that it has contracted for coal assets while tts own mining operations get up and running. It is immaterial whether coal Newlkead talks about n any form, contractual or otherwise, comes from its own real estate or from a contracted buy from another producer. Coal is pretty much coal..
Answer my earlier question, earlier, or recant your libel.
If you want to look at dubious curriculum vitae, check out Hanover Holdings executive team. Not their first rodeo, either, eh? How am I abetting any criminal enterprise? I'm just an investor in a public company disputing claims you and others are making about Newlead and asking for proof of your accusations that could clearly be considered libelous.
You posted a message on this board that stated "NEWL admits fraud: THERE ARE NO COAL ASSETS" that I questioned. Please support when it was stated this way by the company or recant your statement.
NEWL's creditors were spread all over the map, had little leverage fearing a liquidation would be worth less than riding it out and hoping for a recovery; remember that these same creditors in many cases were seeing identical slowness in debt recovery with most all players in the shipping business due to the recession. If nobody is riding you for collection, why would a company behave any different than NEWL?
Receivables get sold in many industries, and financial factoring is commonplace in huge business segments such as retailing. People buy up distressed debt and package it in a negotiated workout format that preserves the debtors business while creating a profit opportunity for the refinancier. The difference, here is that the refinancier presented a toxic option... or... DEATH to the company. NEWL had little chance to challenge this ghoulish strategy, especially when Hanover brought in one of the world' largest, most expensive law firms with which to bully little Newlead in the courtroom.
Please point out to me where Newlead stated "THERE ARE NO COAL ASSETS". That statement is a huge leap above admitting a breach of contract to fulfill a specific deal for coal.
Don't be so lazy. Read my earlier posts. And don't put words in my mouth. British Rule of Law only has an asset sale remedy for an insolvency that the debtor cannot work out with its creditors. The creditors had NO conversion option, just debt they were owed. The vultures bought up the debt and then presented a demand/pay or liquidate unless Newlead consented to their convertible demands. What choice did the company have under what many would consider to be extortion tactics used against them.
If Zolotas received some kickback of laundered proceeds then I hope he rots in jail alongside Bernie Ebbers of WorldCom notoriety, and Bernie Madoff in some prison rogue's gallery. But I frankly doubt he did what you allege and the man is innocent until proven guilty.
No, you clearly do not understand the British Rule of Law that applies to Bermuda registered corporations and insolvency. Read my prior posts. NEWL invested a lot of time and legal expense to STOP the massive dilution when it became clear these were vulture, not venture capital investments in an enterprise somebody actually wanted to fund and own equity in as it became successful.
There are many old posts on this message board insinuating you, newlchinascam, have some direct connection to John Kirkland or his wife, and hence have an ulterior motive in all this. Any truth to that, there, NEWLCHINASCAM? You wouldn't be trying to frame Newlead for something to cover up some other person's improper, unethical or illegal activities, would you?
Not very likely. As I see it, management had no choice but "give" on conversion or face death by liquidation. What would you do? Flop, give up and lose a life's work, or try a find some/any way to live and fight an day?
I'm not saying no scam took place... I actually sense a scam is part of this malaise to drive down S/P. But I have grave reservations that Zolotas or Newlead were the progenitors of the any scam. I think they are the victims, just like shareholders. How did they benefit in any way?
My Ouija board keeps bringing up the word "China" as key to unraveling the enigma that has become Newlead Holdings. China here. China there. China everywhere.
What is the correlation between TransAsia, Kirkland's Chinese wife, Magna, debt acquired from Asian holders, Ironridge, newlchinascam and money laundering claims? Are these inter-linked in some huge conspiracy, or just odd coincidences linked only by time?
Hmmm. DoJ and Interpol please take note!
Google the multi-part Forbe's expose for sordid and disturbing details.
Hey, anybody know if PNB Paribas ever publically commented on the validity of TransAsia's letter of credit? Wouldn't this be a key piece of evidence?