Newlead Holdings Ltd. (fka NEWLF)

[NewlChina]

Newlead Due Diligence Package


Not current with their filings

NT-20F filed May 2nd
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12034334


Legal Litigation

Transasia v Newlead

TransAsia Commodities has hiked its claims against NewLead Holdings to $22m during a trial in New York.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131314805


All Ships have been Seized/Auctioned


The fleet of collapsed US-listed owner NewLead Holdings is in the process of being sold off, with its remaining bulker — the Tsuneishi-built, 75,000-dwt NewLead Victoria (built 2002) — auctioned in Malaysia.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130872192


Unprofitable Operations

The Registrant expects to report net loss before preferred dividends for the year ended December 31, 2016 higher than net loss before preferred dividends for the same period in 2015. The expected net loss is subject to change as the Registrant is still in process of completing its annual financial statements.

http://ih.advfn.com/p.php?pid=nmona&article=74482111


Questionable History With Investors

As part of the $6.2m court fight, TransAsia used a subpoena to obtain the June letter from Nasdaq, which was not made public until now, explaining why NewLead was to be delisted from the exchange.

In the letter, Nasdaq’s senior director for listing qualifications, Stanley Higgins, wrote that NewLead’s disclosure practice “harms current and prospective investors, depriving them of information required to make meaningful and informed investment decisions, and also impugns the integrity of the market to the detriment of all market participants”.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132547689



50 Billion Shares Authorized

Chronic History Of Reverse Splits

Capital Change=shs decreased by 1 for 12 split. Ex-date=08/03/2010
Capital Change=shs decreased by 1 for 15 split Ex-date=10/17/2013.
Capital Change=shs decreased by 1 for 3 split Ex-date=12/06/2013.
Capital Change=shs decreased by 1 for 10 split Ex-date=03/06/2014.
Capital Change=shs decreased by 1 for 50 split Ex-date=05/15/2014.
Capital Change=shs decreased by 1 for 50 split Ex-date=07/15/2014.
Capital Change=shs decreased by 1 for 300 split. Pay date=03/04/2016.


Coal Operations "For Sale"

The Company’s coal operations are currently available for immediate sale in their present condition subject only to terms that are usual and customary for sales of such operations. The Company is currently in negotiations to sell all of its coal operations with an identified buyer and the Company believes it is currently probable that it will complete the sale of its coal operations prior to the end of 2016.


https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11410567