Newlead Holdings Ltd. (fka NEWLF)

[Top Penny]

If you look at all of the convertible debt in the most recent 20-F, you will realize that unless these toxic notes are retired the share structure will balloon out of control once the notes are fully converted, we are talking billions upon billions of shares. So the bottom line is those toxic notes need retired, otherwise there is not much to hope for here other than a massive reverse split followed by tons of dilution completely wiping out shareholder value. We all need to reach out to Mr. Zolotas and explain our frustration. Another thing, one of the convertible notes requires the authorized outstanding to be fifty times greater than what it needs to be for the note to fully convert, I think that's why NEWLF raised the A/S to fifty billion. Let's hope these notes get retired, it's our only hope.