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Post# of 34668
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Re: NewlChina post# 33844

Wednesday, 02/15/2017 9:27:04 AM

Wednesday, February 15, 2017 9:27:04 AM

Post# of 34668
The reasoning behind the last reverse split according to the company was to be able to up list to the OTCQB. What a complete and utter lie!

HAMILTON, Bermuda, March 4, 2016 /PRNewswire/ -- NewLead Holdings Ltd. (OTC Pink: NEWLD) ("NewLead" or the "Company") announced today that a 1-for-300 reverse stock split of its common shares has been approved by the Company's Board of Directors and by written consent of the a majority of NewLead's shareholders in an effort to meet all the requirements to uplist to OTCQB marketplace. The reverse split will be effective upon commencement of trading today, March 4, 2016.

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