Any idea how many shares IR entitled to sell ?

so you are not so wise ?

If they have done another R/S IR will dilute more shares ?

From the IR NEWL agreement

2. Holder Conversion. In the event of a conversion of any Series A Preference Shares pursuant to an Holder Conversion Notice, the Corporation shall

(a) satisfy the Embedded Dividend Liability as provided in Section I.C.2, and

(b) issue to the Holder of such Series A Preference Shares a number of Conversion Shares equal to

(i) the Series A Face Value multiplied by
(ii) the number of such Series A Preference Shares subject to the Holder Conversion Notice divided by (iii) the applicable Conversion Price with respect to such Series A Preference Shares.



3. Corporation Conversion. The Corporation shall have the right to send the Holder a Corporation Conversion Notice in the event that (x) the Closing Price of the Common Shares exceeds 300% of the Series A Conversion Price for any 20 consecutive Trading Days and (y) the Equity Conditions are met as of the time such Company Conversion Notice is given. Upon any conversion of any Series A Preference Shares pursuant to a Corporation Conversion Notice, the Corporation shall

(a) satisfy the Embedded Dividend Liability as provided in Section I.C.2,, and (

b) issue to the Holder of such Series A Preference Shares a number of Conversion Shares equal to
(i) the Series A Face Value multiplied by
(ii) the number of such Series A Preference Shares subject to the Holder Conversion Notice divided by
(iii) the applicable Conversion Price with respect to such Series A Preference Shares.



4. Share Splits. If the Corporation at any time on or after the filing of this Certificate of Designations subdivides (by any share split, share dividend, recapitalization or otherwise) one or more classes of its outstanding Common Shares into a greater number of shares, the applicable Conversion Price, Adjustment Factor, Maximum Triggering Level, Minimum Triggering Level, and other share based metrics in effect immediately prior to such subdivision will be proportionately reduced and the number of Common Shares issuable will be proportionately increased. If the Corporation at any time on or after such Issuance Date combines (by combination, reverse share split or otherwise) one or more classes of its outstanding Common Shares into a smaller number of shares, the applicable Conversion Price, Adjustment Factor, Maximum Triggering Level, Minimum Triggering Level, and other share based metrics in effect immediately prior to such combination will be proportionately increased and the number of Conversion Shares will be proportionately decreased. Any adjustment under this Section shall become effective at the close of business on the date the subdivision or combination becomes effective.



5. Rights. In addition to any adjustments pursuant to Section I.G.4, if at any time the Corporation grants, issues or sells any options, convertible securities or rights to subscribe for stock, warrants, securities or other property pro rata to the record holders of any class of Common Shares (the “Subscription Rights”), then Holder will be entitled to acquire, upon the terms applicable to such Subscription Rights, the aggregate Subscription Rights which Holder could have acquired if Holder had held the number of Common Shares acquirable upon conversion of all Series A Preference Shares held by Holder immediately before the date on which a record is taken for the grant, issuance or sale of such Subscription Rights, or, if no such record is taken, the date as of which the record holders of Common Shares are to be determined for the grant, issue or sale of such Subscription Rights.



6. Definitions. For purposes of this Section I.G, the following terms shall have the following meanings:



a. “Adjustment Factor” means $0.05 per Common Share.

$234.6 million debt is wrong right figure is $159.9 million. And it is excluding the share settled debt and redeemable preference shares with Ironridge Global IV, Ltd. So the real debt value could be less than $159.9



As of December 31, 2013, our outstanding indebtedness was $234.6 million. Despite our restructuring efforts, as of May 8, 2014, we continue to have a substantial amount of indebtedness amounting to approximately $159.9 million, excluding the BCF of the 7% Notes (excluding the share settled debt and redeemable preference shares with Ironridge Global IV, Ltd).

From April 11, 2014 to July 11, 2014, Ironridge Global IV, Ltd. (“Ironridge”) requested and/or received, as contained in Exhibit A, approximately 125 million shares (adjusted to reflect the 1-for-50 reverse split effective as of May 15, 2014), 46.3 million of which have been requested but not issued, and are therefore not included in the shares outstanding number below. As of July 6, 2014, as previously indicated by NewLead Holdings Ltd. (the “Company”) in a press release dated July 7, 2014, Ironridge had received and/or requested approximately 62 million common shares pursuant to numerous conversions of the Series A Preference Shares pursuant to an irrevocable instruction letter that the Company believes Ironridge continues to abuse. To this end, since July 7, 2014, a mere five business days ago, Ironridge has requested an additional 63 million common shares, further evidencing it never has been and never intended to be a long term investor despite its assertions to the contrary. Ironridge’s actions with respect to requesting no more than 9.99% of the outstanding shares on almost a daily basis and immediately selling such shares into the market is what the Company’s management believes to be damaging to NewLead’s shareholders and an abuse of an irrevocable instruction letter all pursuant to documentation that is subject to an arbitration.



As of July 10, 2014, the Company had approximately 274.5 million shares outstanding.

New 6K Out

http://ih.advfn.com/p.php?pid=nmona&article=62884260

yes it says

For the year ended December 31, 2013, our loss from continuing operations was $146.8 million. As of December 31, 2013, our cash and cash equivalents were $2.3 million and current liabilities of $291.7 million were payable within the next twelve months.

They probably paid and settled it by now.

If this is true why nasdaq still not delisted this ?

so much selling :(

Organized criminals.

They all are a plot and shorting this is their game.

whats going on ? whats new guys ?

check your internet connection.

no its posted on July 6th

https://twitter.com/SierraEquity?original_referer=http%3A%2F%2Fsierraworldequityreview.blogspot.com%2F2014%2F06%2Fsubsequent-to-satisfying-nasdaq-newlead.html&profile_id=586116334&tw_i=485930574373085184&tw_p=embeddedtimeline&tw_w=288177669206589441

And that is why they paid all those professionals in shares. They are doing valuations for their properties and assets.

also may be that is why they put Claims Against Ironridge Global IV, Ltd. Seeking Damages in Excess of $125 Million. So they will have better barging power ?

yep within 14 days. I think that is why NEWL haven't put their plan in public. They might already informed NASDAQ that work in progress ?

Buyout By Navios Maritime Holdings - Sierra called this first!


Go Through The Motions_Confirmation Of NewLead Holdings Limited (NEWL) Buyout By Navios Maritime Holdings (NM) To Come Within 14 Days Predicts Sierra World Equity Review

Latest Projections: Go Through The Motions_Confirmation Of NewLead Holdings Limited (NEWL) Buyout By Navios Maritime Holdings (NM) To Come Within 14 Days Predicts Sierra World Equity Review. Look for the official news breaking, when it does remember Sierra called this first!


http://www.thelion.com/bin/redir.cgi?tgt=http%3A%2F%2Fsierraworldequityreview.blogspot.com%2F2014%2F06%2Fsubsequent-to-satisfying-nasdaq-newlead.html&blog=1

Who is doing this is the real question.

yes it is.

So you are saying it will take some time ? but day before yesterday you said its definitely going to delist on Monday.

better read your own posts as you seems to be confused shorter.

in·tend


/in'tend/


verb

verb: intend; 3rd person present: intends; past tense: intended; past participle: intended; gerund or present participle: intending



1.


have (a course of action) as one's purpose or objective; plan.
"the company intends to cut about 4,500 jobs"


synonyms: plan, mean, have in mind, have the intention, aim, propose; More
aspire, hope, expect, be resolved, be determined;

want, wish;

contemplate, think of, envisage, envision;

design, earmark, designate, set aside;

formalpurpose

"I intend to lease a car"




•plan that (something) function in a particular way.
"a series of questions intended as a checklist"


synonyms: plan, mean, have in mind, have the intention, aim, propose; More
aspire, hope, expect, be resolved, be determined;

want, wish;

contemplate, think of, envisage, envision;

design, earmark, designate, set aside;

formalpurpose

"I intend to lease a car"




•plan that speech should have (a particular meaning).
"no offense was intended, I assure you"


synonyms: plan, mean, have in mind, have the intention, aim, propose; More
aspire, hope, expect, be resolved, be determined;

want, wish;

contemplate, think of, envisage, envision;

design, earmark, designate, set aside;

formalpurpose

"I intend to lease a car"






2.


design or destine (someone or something) for a particular purpose or end.
"pigs intended for human consumption"


synonyms: plan, mean, have in mind, have the intention, aim, propose; More

The company said it plans to appeal the delisting decision and the shares will remain active until then.

read the 6k. They are going to appeal.

Any idea when we can expect notice from NASDAQ in regards to extension or delisting?

why do you agree ? pls tell me. I want to sell if you are right.

if you bought .17 then be happy, so many of us bought way above you.

if this continuous .25 or .30 possible today.

LOoading time :)

gr8 :)

Nice green bars... go go go

Do you really think that they are going to post the plan on this board ? lol.

no Nasdaq tomorrow? why ?

sigh!! don't have money to buy :(

Nice PR

I am not selling and there is no point of doing so.

Yep and now its the time to go up...

Yeah that's what I was thinking too.. I feel that buyers who bought under .50 is safe. Unless they file bankrupts real soon?