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I would assume at some point NEWLF will reverse split...(for the 9th time) in 7 years.
No bid for 4 1/2 months now..lol
Also 20-F by end of May maybe..
Maybe an update on the "fleet" portion of their website..it's been "under construction for quite some time....
The Transasia settlement looks completely crippling against Newlead, maybe addressing that.
Just the little things you know...lol..it's no bid for a good reason.
Michail Zolotas resumes role as CEO
NewLead Holdings Ltd. (“NewLead” or the “Company”), announced that Michail S. Zolotas has resumed his role as Chairman of the Board of Directors and President and Chief Executive Officer of the Company. Mr. Zolotas submitted his resignation to the Board of Directors as Chairman of the Board of Directors and President and Chief Executive Officer of the Company on October 19, 2016, following the developments at such time in a strictly personal legal matter which is wholly unrelated to NewLead and its operations.
Outstanding shares in NEWLF have remained the same from Jan 30th 2017 to March 30th 2017.
Really odd for NEWL..
Shares outstanding 3,602,055,737 a/o Mar 30th 2017.
No Change from last month.
20-F in April/May....
Anyone home NEWL..no filing or PR since October 2016.
Dilution in NEWL is really slow to be honest..
Only ~314M shares have been added since December 30th to March 1st on an outstanding count of 3.6B(according to OTC Markets count)
Minimal dilution since it went no bid...lol..still can't manage to find a .0001 bid though.
NEWL no bid since Mid-December 2016.
Last PR in October 2016.
Reverse split risk
Shares outstanding 3,602,055,737 a/o Mar 1 2017
no change from last month.
Start of the month. OTC markets will update the SS soon.
Only piece of news since NEWL has been radio silent since Oct 2016.
Can't short it down here on the OTC..(easily).
Would probably be the worlds easiest short..
more of the same.
Here is a PR from 2014
NewLead Holdings Ltd. (NASDAQ: NEWL) today announced that, on June 25, 2014, the Company received a letter from the NASDAQ Listing Qualifications Staff (the "Staff") of The NASDAQ Stock Market LLC ("NASDAQ") notifying the Company that the Staff has determined pursuant to its discretionary authority set forth in Listing Rule 5101 to delist the Company's securities based on public interest concerns raised by certain false and misleading public disclosures made by the Company and the fact that the Company has not demonstrated an ability to sustain compliance with the $1.00 minimum bid price requirement for continued listing on The NASDAQ Global Select Market
I shorted NEWL multiple times when it was on the NASDAQ..the stuff they pulled on the NASDAQ made a ton of bagholders, The yahoo finance NEWL board was so active at one point(200-300 posts per day) and they all lost 100%.
Since then I just watch in amazement at the constant rate of dilution, lack of actual news and reverse splits over and over.
never changes
Dilution never stops in NEWL...years upon years of the same thing.
Ships going on sale
Three other ships in the NewLead Holdings' fleet are reportedly being prepped for sale, in addition to a bulker recently put on the block, according to sources familiar with the situation.
Two other vessels remain idle as lead creditor National Bank of Greece fails to take any action toward a sale.
The 5,900-dwt Newlead Granadino (built 2009), which is now tied up shoreside in Baltimore Harbor, is said to be ready for inspection. A skeleton crew of six remain aboard the vessel to demonstrate its operations for buyers.
The 3,400-dwt Nepheli (built 2009) was also taken alongside in Piraeus and awaits a sale, with five crew remaining onboard. Natixis holds the lien on both ships and has assumed responsibility for each crew.
US-based credit fund TCA is said to be waiting final clearances to sell the 2,900-dwt Sofia (built 2008), which remains moored off Malta.
Earlier today, it emerged that the 75,966-dwt Newlead Victoria (built 2002) was put up for auction in Malaysia.
National Bank of Greece has laid up the 3,300-dwt Katerina L (built 2009) in Piraeus. The bank does not appear to be taking any steps toward selling the vessel, which has "no prospects" for a buyer at this point, according to one source.
The 3,370-dwt Ioli (built 2009) remains moored at Drammenhavn in Norway. National Bank of Greece also owns the lien on that ship, but has not taken any action to seize control due to mounting port fees and other expenses.
Outstanding Shares 3,602,055,737 a/o Jan 30, 2017
increase of ~314M from Dec 30th
No PR's Or Filings since Oct 2016
3,287,985,281 Shares outstanding as of Dec.
Tread carefully
If we use history as a guide it may be several months of no bid before the RS
court docs updated. #631 $12M+
If NEWL has no income stream + a boat load of debt on the books then what is Transasia expecting they will get if/when they win the case.
lol
I wonder if NEWL makes it to filing their annual report in March-May
NEWL is resilient to everything it seems so IDK if they are going to dissolve...
The fact that they did not file a SEC report of their annual meeting is interesting though..
OS continues to increase month after month...the only constant factor in NEWL.
No PR's or updates since October..
Anyone home NEWL..give us an update.
3,287,985,281 shares outstanding
a/o Dec 30th 2016
increase of ~288M since Nov 30th
Reverse split time now that it's at no bid...
HaHa..
Good luck getting money from NEWL...
GIB joins a number of other parties seeking payment from the vessel, including German bank Portigon who is seeking $26.2 million in unpaid loans against the vessel.
The crew are also reported to be planning to take legal action over some $330,000 in unpaid wages.
Report from annual meeting soon maybe...
Wow I just checked the Transasia v Newlead court proceedings and it's still dragging on, how many years has it dragged out now..lol
At least updates are more frequent on the OS..before it was many months between updates.
Also I sense another reverse split coming down the pike in the next 2-3 months.
well NEWL does have a new CEO maybe it will be different...does not inspire confidence that their website has not bothered to update this information though..lol
NEWL never fails to impress.
I've followed NEWL for many years, rapidly increasing the OS + numerous reverse splits are just the way they roll.
correct
1.1Billion in vol...
last known OS was 1,417,305,618 Oct 31, 2016
probably higher now.
Outstanding Shares 1,417,305,618 a/o Oct 31, 2016
Auth: 50,000,000,000
NEWL has a history of increasing their OS like crazy..careful
also
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.
Note = Delisted from NASDAQ on 7-22-2014
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
Michail Zolotas is out
On October 25, 2016, NewLead Holdings Ltd. (the “Company”) issued a press release announcing that, effective as of October 19, 2016, Michail S. Zolotas has resigned as Chairman of the Company’s Board of Directors and as President and Chief Executive Officer of the Company. Mrs. Anna Zolota will assume the duties of Chairman of the Board of Directors and of President and Chief Executive Officer. Mrs. Zolota joined the Company in 2009 as Senior Commercial Officer and Senior Insurance Officer after ten years of experience in the shipping sector. Mrs. Zolota previously held the position of Vice President of the Commercial Department of the Company. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K and is incorporated herein by reference.
wow I stop following NEWL for a few weeks and Zolotas is out and now legal issues for him..
NEWL is just the story that never stops..
901,670,147 shares outstanding
Calculated on the basis of 901,670,147 shares of the Issuer’s Common Stock issued and outstanding as disclosed by to the Reporting Person on September 9, 2016.
Hard to keep up OS increases so rapidly in this one.
NEWL's OS increases so rapidly and their TA is gagged. Every time there is an update the OS is constantly 100-200% higher then the last report.
Idk..it's just a dilution machine.
Before the previous resplit they let it sat at no bid .0001 ask for months..I'm not sure how much they really care.
I still watch it though for any signs of life.
They had some issues with their press releases and NASDAQ moved to delist them if I recall correctly.
I also wanted to believe at some point NEWL could right this ship but so many years later no dice.