Convertible notes are like any other notes. The convertible feature is typically extended as an enhanced guarantee to assure payment for a secondary issue (not fully secured). All notes can be paid off, extended, reissued or "called" at the maturity date. They are all refinanced on a regular basis by most public companies with any long term debt structure.
None of your rubbish implies some negative otcome for Newlead Holdings, just a childish scare tactic to run down this little company trying very hard to get back on its feet... a possibility you and others seem to have some fascination with DESTROYING.
It is fear mongering when any event gets labeled as some catastrophe. Notes get refinanced all the time by almost every business and are nothing more than a day in the life of corporate finance. Companies refinance their debt and life goes on. You bashers really suck! Nobody posts over 1000 hate messages spanning months of time and while you live on a message board 24/7 because you dislike Newlead. This is a manipulative game being played out and a lot of people are being "gamed" by you and you little, stinky buddies. Better hope somebody doesn't catch you with your pants down and decide to nominate you to play canasta with Bernie Madoff.
Fear mongering may make bashers energized for a high-consumption happy hour, but the reality for NEWL investors is that if such a refinancing deal occurs and $430M of defaulted debt is cleansed from the balance sheet, the S/P will go up commensurate to the reduced risk of failure and BK. That's investment math, not the relentless hysteria of screaming "FIRE" in a crowded movie theatre by the same wrecking crew of boiler room maggots trying to sink this ship.
Hey, stinky. You created your ID on May 6, 2014 and since then have posted 1235 times. And just like newlchinascam, ALL your posts are for NEWL... no other company.
The SCAM is being perpetrated by YOU, not Newlead.
Dude, you have written 1,378 hate messages bashing Newlead since your ID was created on June 18, 2014. Nobody devotes that much time and energy to a penny stock like NEWL without having some larger agenda to justify that much effort. Whatever your game is, it is not working. NEWL is back. The more attention to draw to it, the better and faster it is going to go back up.
Liquidity is needed in order to consummate these deals and get operations underway. With all long term debt having slipped into the current debt column as notes matured and refinancing became near impossible during the collapse of the Greek financial market, NEWL has been relegated to living hand-to-mouth until the new ships could be delivered and restore the previous revenue stream.
When/if coal revenue kicks in, things will get very interesting here.
I have theories about the bashing which has grown to even more outlandish extremes over at I-hub. Any mention of coal seems to send these haters into paroxysms of violent animosity and scorched earth shrieks of radically polarized negativism. The positive news regarding Ironridge launched a HUGE response from these bashers, way disproportionate to the meager amount of share action represented by 14M shares traded at around 4 cents, average. There ius a hidden agenda at play here and extreme manipulation that could only be described as highly unusual for a grey market traded stock that is not shortable.
I kept saying the IR settlement was coming and doing it out of court is an added bonus. Too bad so many tax loss sellers hit the exits and now can't buy back in during the 30 day IRS wash window.
Lots more great stuff yet to come. Don't miss the boat!
This little, beaten down stock has a more active message board than most DOW 30 big board stocks. The extreme "piling on" and unabated, unabashed scorched earth diatribes against NEWLEAD are atypical of a failed penny stock on the verge of BK.
So, stinky, you agree with me... since there is no money in coal, Newlead did TransAsia a huge favor by not loading the coal onto the Ottawa since the coal had no value. So, how much do you think TransAsia owes NEWL for saving them from making a costly mistake?
"There is NO money in coal. ZERO." That's certainly good to know. So I guess this means that TransAsia is going to withfdraw its complaint and write a big check to NEWL because the coal that was to be delivered really wasn't worthy anything at all.
littleblackstinky_dog = newlchinascam = grayjpalys = jimw2 = THE REAL SCAM!
What broker/dealer? This is the grey market. There is no broker/dealer. If NEWQL had one, we'd be uplisted to pinkies in a heartbeat.
As for battering NEWL, you know a lot about giving any investors here the finger.
If you invested your life savings in Newlead stock, you deserve whatever final outcome heads your way. NEWL has always been a highly risky trade. You would have done better with lottery scratch tickets that at least pay off with some frequency.
YOU chose to buy this stock. YOU own the bad choice. Quit whining and accept the fact that YOU lost your life savings. Nobody else. YOU lost it.
If TransAsia was serious about wanting the coal, all they had to do was slightly modify the letter of credit. If NEWL had failed to deliver after that, I think their claim would have some legitimacy. There is a reason why TransAsia didn't sue the J.V. and, instead went after NEWL, IMO. The party in the alleged "breach" will likely be determined to not have been NEWL, but a related entity. This will get tossed except maybe a small claim for demurrage of the Ottawa while it waited in the Port of New Orleans.
As Clint Eastwood once succinctly said: "Go ahead. Make my day."
NEWL has a computed Enterprise Value (Yahoo Finance/ NEWL/ Statistics) of $252.7M. Divide that by whatever shares outstanding # you want after IR's SCAM, or the company's latest estimate of 43M, give or take. Any way you slice it, you get a S/P valuation approaching $6/share.
Bermuda law does not permit a restructuring in bankruptcy. Insolvency is a cause for liquidation. NEWL's assets are worth one hell of a lot more than $.03/share, even with all its problems. Please, Mister, Please. Please force NEWL to go bankrupt and put its "estate" up for sale in an insolvency liquidation.
He believes there is bilateral support for such action when the new Congress gets sworn in, come January.