Read this:
By contrast, NewLead’s Petition, with its scorched earth campaign of character
assassination, is causing grievous harm to Ironridge’s reputation in the market by the day. As
discussed above, on June 5, 2014, NewLead issued a press release regarding the TRO that was
granted by this Court on June 3, 2014. In response, all three of Ironridge's brokers put Ironridge
on a “freeze,” rendering impossible Ironridge's ability to sell NewLead shares. (O’Neil Decl. ¶
81.) Thereafter, Ironridge's most valuable broker indicated that it would no longer do business
with Ironridge. (Id.) These developments have placed Ironridge’s entire business at risk.
or this:
if this Court issues a
preliminary injunction restraining the conversion of Ironridge’s Preference Shares, it should
require NewLead to post a bond in the amount of $50 million.