Certainly, it's not the first time we've had "outside" forces try to influence this board, remember the mullerpartnership ID and the convert note financier with "muller" in it...hmm...
So much shady stuff happens in OTC stocks, people like me are the least of your worries!
On an additional note we have much more of this type of disclosure to come, The Transasia trial should move into an interesting direction as they tackle the fraud allegations.
NEWL will quickly move to censor much of it though.
LOL I see it..
I knew nobody could pump this for so long without some sort of connection to NEWL..LOL
NEWL is in broad default for the majority of their loans.
They are running unprofitable continued operations
They have virtually nil for cash on hand(per the latest 20-F)
They are also issuing shares like crazy, 6.5M Post RS to over 300M+(last count LOL) in less then a year.
No buybacks, no dividends, just more shareholder destruction.
Finra used to own a sepeate site for OTC BB, it was merged into the official Finra site a year ago...
Google Finra OTC BB to find the subsite, it is just the old site with a new interface, good place for OTC information!
Finra subsite and OTC Markets Profile being updated are your keys to NEWL ever uplisting, you will see it in advance of a filing by several days. I used to watch it daily because I half believed NEWL would uplist and could make a quick buck buying ahead of it.
But then I realized that NEWL has no intention of uplisting appearntly. I've stopped watching.
Also note on their old website they had listed it as trading on the NASDAQ for MONTHS before they bothered to update it down to OTC Other, it really does seem they are out of touch of critical elements investors look for it honestly is a shame.
More misleading information on NEWL's website? What a surprise!
NEWL is listed as OTC Other as it has been for the past year. There are no changes on OTC Markets or the FInra subsite.
Even better is that NEWL has not bothered to update their OTCMarkets page in the past 12 months with relevant information.
There is no intention to uplist besides hallow promises in their filings.
Goes to show there is no bottom in a convertible note nightmare like NEWL...the "floor" is simply a trapdoor that gives way when enough suxers have taken the bait.
This thing deserves nothing above .0001
Anyone know? Their previous one fled the company and a new one has not been announced.
PIRAEUS, Greece, May 29, 2015 /PRNewswire/ -- NewLead Holdings Ltd. (NEWL) ("NewLead" or the "Company") announced today that Antonios Bertsos has resigned as Chief Financial Officer of the Company in order to pursue other career opportunities.
On January 5, 2015, we signed an addendum to the senior secured note in the amount of $24 million, in order to extend the maturity date to August 31, 2015 and amended the conversion price to be the closing price of the trading day immediately prior to the date of issuance of shares
.0001 confirmed by mid sept...
Newlead is a complete scam from an investing standpoint
Who honestly would put a cent into this company.
The Company’s cash and cash equivalents were $0.4 million and current liabilities of $247.5 million including $122.3 million of debt and convertible notes in default due on demand, were payable within the next twelve months.
The NASDAQ forcibly removed NEWL for releasing outright false and misleading press releases, Little.Yank is outright lying to those guillble enough to think that they were will ever reuplist to that exchange.
Newlead can't even be bothered to uplist to the OTC Pink after a year of "engaging" market makers...I guess nobody wishes to do business with this scam of a company.
Ol Warren wasen't talking about broken momo stocks like Baidu. Most of you have such short memories of the tech bubble and the decimation that occured when the bubble popped.