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Last Post: 8/24/2017 12:56:51 PM - Followers: 31 - Board type: Free - Posts Today: 0






July 2014

May 2014

Jan 2014

NewLead Holdings (NEWL) Files Claims Against  Ironridge; Seeks Damages in Excess of $125M

ScripsAmerica Files Suit Against Ironridge Global IV,Ltd

IntelliCell BioSciences Announces Favorable Ruling Against Ironridge Global IV, LTD., and TCA Global Credit Masterfund, LP

Ironridge Global IV, Ltd. v. Worthington Energy

Unirac, Inc. v. Ironridge, Inc. et. al




Champagne wishes and  caviar dreams!!!!!






SOURCE:  http://vimeo.com/johnkirkland

There's no party, like an Ironridge Party:




Ironridge Global Partners
Perhaps the most predatory of all groups is the newest. Co-founded earlier this year by John Kirkland, an attorney who worked for Marc Dreier, currently serving 20 years in jail after pleading guilty to a $700 million fraud and Brendan T. O’Neil who has run two funds that have folded in the last three years, Ironridge bills itself, according to its web site, as “supplying innovative financing solutions and flexible capital, as it seeks to unlock the full potential of cash-constrained businesses.” There is certainly some truth to that statement, as the companies it has completed deals with seem on the verge of going out of business. Ironridge usually doesn’t fund the company until after it sells the stock, as the filings show that payments are often not made until at least 20 days after they have received free-trading shares (imagine borrowing money from somebody and having to provide them with the money to make your loan before you receive any proceeds from them). The destruction in stocks they have completed transactions with makes the devastation from Hurricane Irene seem tame by comparison. Just two weeks ago, Uluru (NYSE: ULU) announced a “$1.6 million financing at a premium to market with Ironridge.” The problem is that the company neither received $1.6 million, nor was the deal done at a premium. The details in the 8-k suggest that the press release was misleading, as the company will receive proceeds only after a certain dollar amount of stock trades, and Ironridge’s actual cost to buy the stock is a fraction of the advertised price. Investors don’t seem fooled, as ULU’s stock is down nearly 50% in two weeks since the deal was announced. Less than two weeks after announcing the deal with Ironridge, the regulatory arm of the NYSE AMEX notified Uluru that it was not in compliance with listing standards and that it faced delisting. Uluru, like all of the companies Ironridge has completed transactions with, currently has a nominal market capitalization, in this case less than $2 million. 
Uluru is not the only company in Ironridge’s portfolio facing delisting. PositiveID Corporation (OTCBB: PSID) was delisted from the Nasdaq less than five weeks after entering into “Strategic Financings for Up to $13.8 Million at a Premium to Current Share Price” with Ironridge. Shortly after the announcement, however, the company acknowledged in an 8-k filing that it did not receive the funds it had anticipated and that the price of the deal was being revised lower (think floorless financing). According to the filing made nearly two months after the deal was announced, the company has still not received the $1.5 million it was anticipating receiving as the first part of the funding. Approximately one month after the deal was announced, the CEO resigned. The stock has lost approximately 60% of its value in two months since the deal was announced. 
Apparently inking a deal with Ironridge is not a career-enhancing move for a CEO. Less than three weeks after announcing an initial round of funding of approximately $1.12 million from Ironridge, the CEO of High Plains Gas (OTCBB: HPGS) resigned in the wake of the stock’s loss of more than 65% of its price. Like other companies which have done business with Ironridge, neither High Plains nor its creditors had received funding weeks after the deal was completed. Imagine losing your job, destroying your stock and not receiving proceeds after all of that. On average, from the time a regulatory filing was made announcing a deal with Ironridge, companies saw their stocks lose more than half their value within one month.

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#108  Sticky Note SEC Subpoena Investigating Ironridge – On December 4, pennymonster1 08/17/14 10:40:53 PM
#23  Sticky Note ***********IRONRIDGE: WHY JAIL IS POSSIBLE********* MONEYMADE 07/10/14 06:45:21 PM
#10  Sticky Note IRONRIDGE CEO: EXTRAVAGANT WEDDING http://vimeo.com/75059680 MONEYMADE 07/10/14 02:53:39 PM
#4  Sticky Note IntelliCell BioSciences Announces Favorable Ruling Against Ironridge Global MONEYMADE 07/10/14 06:18:45 AM
#3  Sticky Note NewLead Holdings Seeks Damages in Excess of $125M MONEYMADE 07/10/14 06:05:13 AM
#360   Sweeet! Thank yoy BlueRayn 08/24/17 12:56:51 PM
#359   Game over for Ironridge https://www.sec.gov/litigation/admin/2017/34-81443.pdf pennymonster1 08/24/17 12:29:36 PM
#358   I've heard rumors that John Kirkland is now jgrigsby 04/27/17 12:04:45 PM
#357   Ironridge settles with SEC because they knew they pennymonster1 02/11/17 03:32:55 PM
#356   The SEC will now probably ask Judge May pennymonster1 09/17/16 09:21:18 AM
#355   Should read go on. stan501 09/16/16 04:03:39 PM
#354   How long do you think this will go no? stan501 09/16/16 03:52:36 PM
#353   Another setback for Ironridge next http://www.law360.com/assetmanagement/article pennymonster1 09/16/16 03:03:42 PM
#352   11th Circuit becomes fourth federal appellate court to pennymonster1 06/22/16 03:45:14 PM
#351   factcheck14, you see today's news ? pennymonster1 06/17/16 07:48:30 PM
#350   2nd Circuit holds (2-1) Appointment Clause challenge to pennymonster1 06/01/16 12:36:14 PM
#349   http://www.sec.gov/litigation/admin/2015/34-75272.pdf locksflooring 05/06/16 05:33:02 PM
#348   Where are they in terms of court proceedings Jetta09 05/04/16 11:16:42 AM
#347   They fled the country pennymonster1 05/04/16 11:02:25 AM
#346   What's going on with Ironridge?? Jetta09 05/04/16 10:50:48 AM
#345   Breaking: Supreme Court Rejects Another Challenge To SEC pennymonster1 04/28/16 11:51:38 AM
#344   Supreme Court Rejects Challenge To SEC’s In-House Court http://www.law360.com/a pennymonster1 03/28/16 10:07:34 AM
#343   Beats me, thought they were under a C&D Sharktnk 03/09/16 05:34:51 PM
#342   Didn't those vultures sell everything to Dragonix? Also pennymonster1 03/09/16 05:27:40 PM
#341   Dumbfounded ... Sharktnk 03/09/16 04:09:42 PM
#340   Fourth Circuit on Friday refused to halt a pennymonster1 01/25/16 08:57:25 PM
#339   Ironridge still violated securities laws. Ruling by Judge pennymonster1 12/02/15 07:29:30 PM
#338   Ironridge Global IV, Ltd. et al v. Securities factcheck14 12/02/15 10:25:02 AM
#337   Preliminary injunction will be overturned by the 11th circuit. pennymonster1 12/01/15 04:13:09 PM
#336   Ironridge Global IV Ltd v Securities and Exchange Commission factcheck14 12/01/15 01:18:16 PM
#335   7th Circuit Rules for SEC, Affirming Dismissal of pennymonster1 11/30/15 07:51:27 PM
#334   SEC Tells 11th Circ. That Freeze On In-House pennymonster1 11/27/15 10:53:16 AM
#333   SEC Warns 11th Circ. Against Making Split On pennymonster1 11/25/15 01:53:32 PM
#332   Agree BlueRyan. I want to see all the pennymonster1 11/19/15 01:47:04 PM
#331   Quote:"I’m willing to “bet the farm” that most BlueRayn 11/19/15 12:36:53 PM
#330   Seriously, the SEC will only be more determined pennymonster1 11/19/15 11:16:28 AM
#329   Ironridge somehow thinks the SEC won't come up pennymonster1 11/19/15 10:09:30 AM
#328   Going so excited for a "preliminary" injunction? pennymonster1 11/19/15 10:07:07 AM
#327   Ironridge still violated SEC rules and it will pennymonster1 11/19/15 10:05:59 AM
#326   Ironridge still violated SEC and it will be pennymonster1 11/19/15 10:05:09 AM
#325   Preliminary Injunction Order in Ironridge Global IV, Ltd. factcheck14 11/19/15 07:25:42 AM
#324   Court Enjoins SEC Administrative Proceeding factcheck14 11/19/15 07:22:22 AM
#323   Federal Judge Halts Another SEC Administrative Proceeding on factcheck14 11/18/15 09:21:37 PM
#322   Federal judge issues another injunction against SEC administrative proceeding factcheck14 11/18/15 09:18:04 PM
#321   SEC says likely to win appeal http://www.law360.com/articles/685590/sec-says-i pennymonster1 11/18/15 11:50:21 AM
#320   Who's Leading the Charge Against the SEC's In-House Courts? factcheck14 11/18/15 09:56:17 AM
#319   Plaintiffs, Ironridge Global IV, Ltd. and Ironridge Global factcheck14 11/18/15 09:52:36 AM
#318   Another SEC In-House Case Blocked In Ga.'s Northern District factcheck14 11/18/15 09:47:27 AM
#317   It was just moved to Federal court, now pennymonster1 11/17/15 07:56:32 PM
#316   Ironridge Global Wins Again factcheck14 11/17/15 05:07:11 PM
#315   Federal Court Rules in Favor of Ironridge Global factcheck14 11/17/15 05:05:35 PM
#314   Ironridge Dealt Setback as ALJ Refuses Summary Disposition pennymonster1 11/11/15 08:31:39 AM
#313   Dec 7th is D-Day for Ironridge https://www.sec.gov/alj/aljorders/2015/ap-3232. pennymonster1 10/30/15 07:40:53 PM
#312   Ain't that the truth. pennymonster1 10/20/15 03:41:32 PM
#311   Ironridge knew their time was up! Hence Dragonox locksflooring 10/19/15 08:48:04 PM