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why would there be a listing hearing booked for July 24th with NASDAQ then they delist before? we would ahve waited until July 24th then they would announce the delisting date
regardless of what your opinion is of the stock, the point that NASDAQ did not delist it it was volutary
if they were delisted by NASDAQ why was there an expected hearing on July 24th? It was voluntary, removal of MM and putting a hold on Ironridge
thing is, the hearing was for July 24th
your posts are amusing
CYNK is a total different case, SEC will not do anything with this stock, it would have already been done
you can't have a dual listing
I personally have never seen a voluntary delisting after a T12 so not sure if the delisting nullifies the T12 requirement and they transition to OTC, or they still need to fulfill the deficiency before delisting and resume trading OTC.
The halt is clarification of previously disseminated information or having to fulfill additional information as to how they came to it, most likely OS shares after dilution to Ironridge that were in the most recent PR.
as for SEC suspension, there needs to be an outright fraud and manipulation on the part of NEWL, the only way I could see this is if they were in collaboration with their financiers to manipulation shares and defraud shareholders, IMHO their tactics using dilution and equity to finance would have been stopped after the first RS if there were legal issues, they should never become involved with Ironridge either, they are known to F over companies
NEWL is taking drastic measures to try to turn this around at the expense of shareholders, if it works who knows, might just go BK
SEC suspension on what grounds?
that actually made me laugh! thanks
This will make tomorrow interesting, regardless of the delisting and people thinking it will tank, not so sure when this begins trading OTC, the current short situation may not transition very smoothly
unfortunately people felt the same way you did before the previous two R/Ss, and I would not put it past NEWL to again dilute to refinance more ships or for whatever reason they require funds
they have not been very exemplary to create shareholder value, quite the opposite, people either have ill feelings for the past or think their negative and biased posting will sway naive shareholders to sell so they can profit from their short positions in NEWL
IR still is in a position to collect shares, dump and dilute
NEWL is in a better financial position, more ships, but what is going to happen when they want to increase their fleet and they have not proven a revenue stream? no viability has been shown with their coal assets, this company is not the most apt in their public relations
most unbiased on this board
longshoremen doing accounting until they can afford the staff
not sure if it is because many shares were in lock-up until today for the post 50:1 split settlement and they timed it in order to cool down the run up that everyone wanted
your guess is as good as mine as to why they waited
IMHO, they will continue to be listed July 24th, but I don't think they will break their continued destruction of shareholder value, I can see them continuing financing via equity and dilute at the expense of shareholder
I might be wrong but the trend does not seem to prove differently, but on the bright side the pattern is great for traders, technicals are out the door on this one
you would think so
sometimes you get T1, T2 and T12 all simultaneously and they stop before disseminating information and request additional information before doing so
this is most likely something released and my guess it is to do with the share count that is due to Ironridge on the last PRs with the long list of share requests from Ironridge
not sure what is up with their reporting
after the statement of misinformation, NASDAQ is going to be all over them on their PR like flies on $hit
no debt would be nice, it would have shot a lot higher, they only clear part of the debt
if it is unreleased information and needs to be reviewed they will not halt a stock
most times a T12 comes out, it's for previously released PR with questionable or missing information
Chinese companies seem to be the ones getting hit with these often and most time due to questionable financial filings
I am torn on that one. NEWL is doing a bad job running that company, their PR and just does not care about shareholder value, main case in point, Bermuda corporation, where fiduciary duty of officer lies with the company not the shareholder and why you will never see a class action lawsuit.
But Ironridge has ruined several companies in the past and will continue to do so, but at the same token why do companies enter into these financing terms only to screw over their shareholders.
I find more likelihood in NEWL turning this around and giving shareholder some return on equity (how long that takes who knows) than Ironridge making financing work in the favor of shareholders in the companies it invests in.
that is a legal issue between both parties not information reporting to NASDAQ
nothing to do with a T12 regardless
personally I don't believe nor trust either NEWL or Ironridge
that's funny
it's most likely just information confirmation on the share breakdown going to Ironridge on the last couple PR, nothing more
doubtful, regardless it's not July 24th
I see you are well educated in trading halts (sarcasm)
fiduciary duty of officers with Bermuda corps is to the corporation not the shareholders, they went in knowing that they could get away with
Very well put, you sound like my wife, that is a good thing
NEWL only responded on the first two, they never stated dates on the second two, but as stated it will be 4 vessels
will have 2 more vessels by August, first could be delivered anytime
would not surprise me if they continue financing more vessels via equity, possible at some point they will have a fleet making revenue again but until then shareholders are taking on the burden and a negative ROI
regardless I truly hope Ironridge is found guilty, if NEWL receives retribution or not
***THERE IS NO R/S***
Knowing what they have done to companies I am surprised companies continue to finance with them unless both parties are already aware what it will do and have no concern of long term shareholder value
No one invests in biotechs
it is a scheme and a scam but it will keep operating
I love this line:
After Ironridge acquires stock, it treats it as a long investment,
with an eye toward buying low and selling high, Kirkland said
I am speechless, that statement above it TOTAL BS, they are great for getting rid of a company's debt which is the one plus of the company, but to what end? dilution and destroying shareholder value. IMHO the only party to gain is Ironridge, no one else.
ironridge has done it several times before, dilution and dumping
will use to support their case with Ironridge, not sure how far they will get with that