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A very perceptive observation was done by SMART Traders when they DID REAL DD,THEY QUICKLY REALIZED NEWL IS A SCAM.
NEWL Sub Pennies Coming.Almost there.
When you do your DD,You will have your answer.
The SMART Would Be investors that did their DD,NEVER Bought this Garbage.
Just the Reverse Split's alone,in a short period of time,would be enough to make most investors stay Far Away from this POS.
NEWL Is a DILUTING SCAMMING POS
More TOXIC Financing Coming.
NEWL Going to Sub Penny.
NEWL SCAM Chart Speaks for itself.
Don't be Foolish and buy this POS Stock,You Will Lose Your Money.
NEWL IS GARBAGE
NEWL IS DILUTING NOW
1 BILLION AS 700 Mill MORE TO DILUTE
NEWL SCAM IS GOING TO SUB PENNIES.
NEWL= Manipulation is By Management,Beware SCAM
NEWL SCAM Is Well Known for it's Fluff PR'S,Just do some DD
BEFORE Buying,and you Will Not Buy And LOSE Your Money.
The Chart Speaks for itself=DOWN,DOWN,DOWN
1 BILLION SHARES Authorized,Lookout More Dilution Coming
If there was ANYTHING Good About NEWL,IT WOULD NOT BE TRADING @ .024 CENTS LOL
NEWL GARBAGE Is Heading to SUB PENNIES
NEWL SCAM Chart Speaks for itself.LOL
Only Another Penny to go LOL
NEWL IS GARBAGE
NEWL IS DILUTING NOW LOL
1 BILLION AS 700 Mill MORE TO DILUTE
NEWL SCAM IS GOING TO SUB PENNIES.
NEWL Going To Sub Pennies,Beware of this POS SCAM
NEWL IS A PUMP and DUMP SCAM.
NEWL IS NOT A BUY @ ANY PRICE.
The ones that Actually Do REAL DD,Will NOT Be Foolish and buy NEWL.
They Are DILUTING NOW, 18 Million in last month,309 mil outstanding and 1 BILLION Authorized.
Wrong,Actually being on the Greys has slowed the downward spiral of this SCAM,as it's much harder to trade.
If you look @ NEWL When it was trading the Nasdaq,you will see it dropped much faster there.
If it Ever get's uplisted,then watch it drop quickly again.
See You @ SUB PENNIES SOON...........
You are Absolutely right......SUB PENNY COMING
Stay Far AWAY From This SCAM
NEWL Will be Sub Pennies SOON
I wouldn't pay .002 for this SCAM.
No Smart Trader would touch it for any amount.
NEWL-Sub Pennies COMING SOON.LOL
Well,let's see.I called NEWL Sub Pennies while you were calling for 15.00 LOL
I'm only off by little more than .01 cent.You on the other hand missed it by 14.98.
See you @ SUB PENNY SOON.
Oh yeah,A Great start of 2015 for this SCAM.LOL
Sub Pennies getting Closer and Closer.LOL
Dilute,Dilute,Dilute
Soon you'll be able to buy this GARBAGE Stock for .002
Right,everyone that makes money in the market's knows that. If you're averaging down,then you made a mistake,and if you average down more than once on the same stock,then you clearly have no Clue what you're doing.Smart traders admit they made a mistake,take their losses and move on.It's beyond Foolish to think you should keep averaging down to get your losses back.
NEWL IS A WORTHLESS POS,Never Ever Hold this Garbage stock.
Smart traders Would NEVER Buy and Hold a SCAM like NEWL......
The ONLY WAY You EVER Get Your Needed 3.00,is with Another RS.
Yes Buy Low sell high is the way to make money,NOT Buying a POS Like NEWL Months ago and averaging down every week.
NEWL IS GOING TO SUB PENNIES.
That must be why it's trading @ an ALL TIME LOW.LOL
NEWL Is,and Always Has Been,And Will Be........GARBAGE
NEWL Is A DILUTING SCAMMING POS.
If there were Anything positive about NEWL,it would NOT be trading @ .025 cents on the grey board.lol
NEWL Is A LOSER,Not a Survivor
''Because our management team has no experience in mineral exploration and does not have formal training specific to the technicalities of mineral exploration, there is a risk that our coal business may fail.
''Currently, our coal business operations are limited or non-existent. There can be no assurance that we will be able to effectively manage our limited operations or expand operations in the future.''
No way in hell they EVER Profit from the eastern Ky mines!
The largest, easiest-to-access coal seams in Appalachia have already been mined, forcing coal companies to spend more resources to extract coal from lower-profit seams. Coal companies in the Powder River Basin in Montana and Wyoming can extract more than 10 times as much coal per employee hour as coal companies operating in the Appalachian Basin.
''coal production from the Appalachian Basin will enter a period of irreversible decline''
Just like the SCAM NEWL Is in now,Irreversible DECLINE
NEWL WILL NEVER GENERATE POSITIVE COAL RELATED REVENUE FROM THIS AREA.LMAO
Appalachian coal is not only losing market share to natural gas but also to other U.S. coal basins.
The largest, easiest-to-access coal seams in Appalachia have already been mined, forcing coal companies to spend more resources to extract coal from lower-profit seams. Coal companies in the Powder River Basin in Montana and Wyoming can extract more than 10 times as much coal per employee hour as coal companies operating in the Appalachian Basin.
The sudden abundance of natural gas from shale deposits in the United States has put significant pressure on the coal industry nationwide. Between 2007 and 2012, natural gas production from shale increased fivefold in the United States, driving natural gas prices down from a 10-year high of $8.86 per million British thermal units, or BTUs, in 2008 to an average of $2.75 per million BTUs in 2012 and $3.73 per million BTUs in 2013.
These low prices—combined with the air-quality benefits that come with burning gas rather than coal for electricity—have eroded coal’s position as the go-to energy source for power generation. Coal accounted for half of the country’s net generation of electricity in 2004, compared with the 18 percent provided by natural gas. Coal’s share dropped to 39 percent by 2013, with natural gas accounting for 27 percent of the nation’s electricity generation. During the first half of 2014, natural gas power plants accounted for more than half of the new electricity-generating capacity that utility companies placed into service.
This trend is likely to continue well into the future. The Energy Information Administration, or EIA, estimates that natural gas production will increase 56 percent between 2012 and 2040 under a business-as-usual scenario. Given these ample supplies of cleaner-burning natural gas, the EIA anticipates that electric power producers will choose gas rather than coal when adding new fossil-fuel-fired generation capacity in the coming decades. The EIA projects that natural gas-fired plants will account for 73 percent of capacity additions through 2040, compared with just 1 percent for coal.
NO Coal From NEWL SCAM.......Coal production in eastern Kentucky is expected to fall by 70% in the eight years between 2012 and 2020
Coal production has been declining and mining jobs disappearing for a while now. Coal is a finite resource, and the region’s most accessible and profitable seams are now largely mined out. As the remaining coal in eastern Kentucky becomes more expensive to mine, coal companies are competing against cheaper fuels, including western coal, natural gas, energy efficiency, and some renewable sources.
According the the U.S. Energy Information Administration’s Annual Energy Outlook, Central Appalachian coal production is projected to drop sharply between 2012 and 2020. Using figures provided by the U.S. EIA, a recent report by MACED calculated that coal production in eastern Kentucky is expected to fall by 70% in the eight years between 2012 and 2020. That’s in line with the rate of actual decline in recent years.
The 2009 National Coal Resource Assessment produced by the U.S. Geological Survey echoes that prediction, stating that “annual coal production from the Appalachian Basin will enter a period of irreversible decline during the next several decades.”
Appalachian coal is not only losing market share to natural gas but also to other U.S. coal basins.
The largest, easiest-to-access coal seams in Appalachia have already been mined, forcing coal companies to spend more resources to extract coal from lower-profit seams. Coal companies in the Powder River Basin in Montana and Wyoming can extract more than 10 times as much coal per employee hour as coal companies operating in the Appalachian Basin.
NO COAL HERE FROM NEWL SCAM LOL
CURRENT NEWS=NEWL SCAM DILUTING NOW,
18 Million in last month,309 mil outstanding and 1 BILLION Authorized.
Beware More Toxic Financing Coming.
SUB Pennies For NEWL SCAM
NEWL Going To Sub Pennies,Beware of this POS SCAM
NEWL IS A PUMP and DUMP SCAM.
The ones that Actually Do REAL DD,Will NOT Be Foolish and buy NEWL.
They Are DILUTING NOW, 18 Million in last month,309 mil outstanding and 1 BILLION Authorized.
NEWL Going Concern WARNING=NOT Looking Good for This SCAM
''We have experienced net losses, negative operating cash flows, working capital deficiencies, negative operating cash flow and shareholders’ deficiency, which have affected, and which are expected to continue to affect, our ability to satisfy our obligations. In addition, as described in Item 5.-Operating and Financial Review and Prospects-Liquidity and Capital Resources, we are in default under various debt obligations which are currently due on demand. Charter rates for bulkers have experienced a high degree of volatility and continue to be distressed. To date, we have also been unable to generate sustainable positive cash flows from operating activities. For the year ended December 31, 2013, we have a loss from continuing operations in the amount of $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.
The above conditions raise substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should we are unable to continue as a going concern.''
MORE TOXIC Financing Coming....Beware Major Dilution.
1 Billion Shares Authorized.
NEWL=No Manipulation,Just A POS SCAM Company Beware
Like LOSING ALL Your Money? Then Buy this SCAM.
2015 NOT A Great Year for NEWL SCAM DOWN 20% Already.027 and FALLING. LOL
Sub Pennies Getting Close....LOL
Can't Wait until this POS SCAM Is Shut Down for Good.
They'll keep it going by More Toxic Financing,Diluting it as long as people are dumb enough to buy it.
NEWL Is Garbage,Like LOSING Money?......Buy this POS SCAM
NEWL IS A PUMP and DUMP SCAM.
The ones that Actually Do REAL DD,Will NOT Be Foolish and buy NEWL.
They Are DILUTING NOW, 18 Million in last month,309 mil outstanding and 1 BILLION Authorized.
MAJOR DILUTION Coming
Common Shares $0.01 par value, 1 billion shares authorized, 3.07 million and 0.0013 million shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively
Smart Traders Would NEVER Buy a stock trading on the Greys.
Smart traders would NEVER Buy & Hold a POS Like NEWL.
Smart traders would do DD BEFORE Buying NOT After.LOL
Then they will see this POS For what it really is,A SCAM Company.
NEWL SCAM Has NEVER Been a Buy & Hold.
NEWL SCAM Trading on the Greys is A WORTHLESS POS Stock.
TOXIC Financing Coming.
NEWL Is Diluting Monthly.
1 Billion Shares Authorized.
Looks like investors are wising up to this SCAM in 2015 and steering clear of this POS.
NEWL SCAM Down 6% on 100K Volume LOL
Major DILUTION Coming Again,watch for More Toxic Financing
1 BILLION SHARES AUTHORIZED
''We are highly leveraged, anticipate that we will continue to have a high degree of leverage, and may incur substantial additional debt, which could materially adversely affect our financial health and our ability to obtain financing in the future, react to changes in our business and make debt service payments.''
''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).''
''Although it is likely that any agreements governing our future indebtedness, including the terms of any indebtedness remaining outstanding as a result of the restructuring, will contain limitations on our ability to incur indebtedness, the covenants in such debt agreements typically contain a number of exceptions. As such, we may still be able to incur a significant amount of additional indebtedness. Our high level of indebtedness could have important consequences to our shareholders.''
NEWL SCAM Shareholder deficit? $1,020,946,000 LOL
OVER 1 BILLION DOLLARS
MORE TOXIC FINANCING COMING LOL
DILUTE,DILUTE,DILUTE........
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).
Although it is likely that any agreements governing our future indebtedness, including the terms of any indebtedness remaining outstanding as a result of the restructuring, will contain limitations on our ability to incur indebtedness, the covenants in such debt agreements typically contain a number of exceptions. As such, we may still be able to incur a significant amount of additional indebtedness. Our high level of indebtedness could have important consequences to our shareholders.
As discussed elsewhere in this annual report, we are currently unable to meet certain of our debt service requirements and our indebtedness remains significant. In addition, subsequent to the restructuring, our owned fleet consists of two dry bulk vessels and, as a result, we now have significantly fewer vessels from which we will be able to generate revenue. Furthermore, although we have entered into new business arrangements for the purchase and trading of coal, these business arrangements remain subject to significant risks and we have not yet commenced operations. See “Risks Relating to Our Coal Business” below. Since our relative leverage continues to remain high after our restructuring, and since we have a diminished basis from which we can generate revenue, and since our recent coal mining acquisitions have not yet fully commenced operations, there is no assurance we will be able to service our significant indebtedness.
Because we are highly leveraged, we will continue to remain subject to the following risks:
• our ability to obtain additional financing for working capital, capital expenditures, debt service requirements, vessel or other acquisitions or general corporate purposes may be impaired in the future;
• if new debt is added to our debt levels, the related risks that we now face would increase and we may not be able to meet all of our debt obligations;
• a substantial portion of our cash flow from operations must be dedicated to the payment of principal and interest on our indebtedness, thereby reducing the funds available to us for other purposes, and there can be no assurance that our operations will generate sufficient cash flow to service this indebtedness;
• we will be exposed to the risk of increased interest rates because our borrowings under facility agreements will be at variable rates of interest;
6
• it may be more difficult for us to satisfy our obligations to our lenders, resulting in possible defaults on and acceleration of such indebtedness and the cross-acceleration or cross-default of our other indebtedness;
• we may be more vulnerable to general adverse economic and industry conditions;
• we may be at a competitive disadvantage compared to our competitors with less debt or comparable debt at more favorable interest rates;
• our ability to refinance indebtedness may be limited or the associated costs may increase; and
• our flexibility to adjust to changing market conditions and ability to withstand competitive pressures could be limited, or we may be prevented from carrying out capital spending that is necessary or important to our growth strategy and efforts to improve operating margins or our business.
Highly leveraged companies are significantly more vulnerable to unanticipated downturns and setbacks, whether directly related to their business or flowing from a general economic or industry condition, and therefore are more vulnerable to a business failure or bankruptcy. Accordingly, it also heightens the risk of owning our securities.
NEWL SCAM DILUTING NOW.LOL
THIS SCAM WILL DILUTE TO NOTHING.
The number of outstanding common shares of the Company as of the record date of the Annual Meeting on November 21, 2014 was 291,578,464. The number of outstanding common shares of the Company as of December 22, 2014 was 309,452,443.
18 Million Share Increase in Just 30 Days.....More to Come LOL
1 BILLION AUTHORIZED.......LOL
1.00 For This GARBAGE Stock=LOL
The Only way This POS EVER Get's to a dollar is with another RS.
Well NEWL SCAM IS NOT NORMAL.LOL
Hiding the new numbers there is just another example of their deceitful ways.NEWL SCAM Knows people buying this POS Don't read the reports anyhow.
1 BILLION SHARES COMING,18 Million in just the last month.
Bet they're planning the Next RS.
And This,
The number of outstanding common shares of the Company as of the record date of the Annual Meeting on November 21, 2014 was 291,578,464. The number of outstanding common shares of the Company as of December 22, 2014 was 309,452,443.
18 Million Share Increase in Just 30 Days.....More to Come LOL
WRONG,IT's 12 MONTHS NOW LOL
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.
Can't Wait to see who the Next TOXIC Financer will be LOL
1 BILLION SHARES AUTHORIZED
Your SCAM NEWL IS BEING DILUTED AGAIN AND AGAIN.LOL
1 BILLION SHARES AUTHORIZED....LOL
18 Million Share Increase in Just 30 Days.....More to Come LOL
The number of outstanding common shares of the Company as of the record date of the Annual Meeting on November 21, 2014 was 291,578,464. The number of outstanding common shares of the Company as of December 22, 2014 was 309,452,443.
NEWL IS DOOMED,LOL NO WAY THIS GARBAGE TURNS AROUND,Anybody that can READ And ACTUALLY READS The SEC Reports KNOW THIS IS A SCAM
NEWL-substantial doubt about our ability to continue as a going concern
''We have experienced net losses, negative operating cash flows, working capital deficiencies, negative operating cash flow and shareholders’ deficiency, which have affected, and which are expected to continue to affect, our ability to satisfy our obligations. In addition, as described in Item 5.-Operating and Financial Review and Prospects-Liquidity and Capital Resources, we are in default under various debt obligations which are currently due on demand. Charter rates for bulkers have experienced a high degree of volatility and continue to be distressed. To date, we have also been unable to generate sustainable positive cash flows from operating activities. For the year ended December 31, 2013, we have a loss from continuing operations in the amount of $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.
The above conditions raise substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should we are unable to continue as a going concern.
12 Months is Almost Here. Looks like More Toxic Financing Coming Soon.
MORE TOXIC FINANCING COMING LOL
DILUTE,DILUTE,DILUTE........
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).
Although it is likely that any agreements governing our future indebtedness, including the terms of any indebtedness remaining outstanding as a result of the restructuring, will contain limitations on our ability to incur indebtedness, the covenants in such debt agreements typically contain a number of exceptions. As such, we may still be able to incur a significant amount of additional indebtedness. Our high level of indebtedness could have important consequences to our shareholders.
As discussed elsewhere in this annual report, we are currently unable to meet certain of our debt service requirements and our indebtedness remains significant. In addition, subsequent to the restructuring, our owned fleet consists of two dry bulk vessels and, as a result, we now have significantly fewer vessels from which we will be able to generate revenue. Furthermore, although we have entered into new business arrangements for the purchase and trading of coal, these business arrangements remain subject to significant risks and we have not yet commenced operations. See “Risks Relating to Our Coal Business” below. Since our relative leverage continues to remain high after our restructuring, and since we have a diminished basis from which we can generate revenue, and since our recent coal mining acquisitions have not yet fully commenced operations, there is no assurance we will be able to service our significant indebtedness.
Because we are highly leveraged, we will continue to remain subject to the following risks:
• our ability to obtain additional financing for working capital, capital expenditures, debt service requirements, vessel or other acquisitions or general corporate purposes may be impaired in the future;
• if new debt is added to our debt levels, the related risks that we now face would increase and we may not be able to meet all of our debt obligations;
• a substantial portion of our cash flow from operations must be dedicated to the payment of principal and interest on our indebtedness, thereby reducing the funds available to us for other purposes, and there can be no assurance that our operations will generate sufficient cash flow to service this indebtedness;
• we will be exposed to the risk of increased interest rates because our borrowings under facility agreements will be at variable rates of interest;
6
• it may be more difficult for us to satisfy our obligations to our lenders, resulting in possible defaults on and acceleration of such indebtedness and the cross-acceleration or cross-default of our other indebtedness;
• we may be more vulnerable to general adverse economic and industry conditions;
• we may be at a competitive disadvantage compared to our competitors with less debt or comparable debt at more favorable interest rates;
• our ability to refinance indebtedness may be limited or the associated costs may increase; and
• our flexibility to adjust to changing market conditions and ability to withstand competitive pressures could be limited, or we may be prevented from carrying out capital spending that is necessary or important to our growth strategy and efforts to improve operating margins or our business.
Highly leveraged companies are significantly more vulnerable to unanticipated downturns and setbacks, whether directly related to their business or flowing from a general economic or industry condition, and therefore are more vulnerable to a business failure or bankruptcy. Accordingly, it also heightens the risk of owning our securities.
NO COAL FOR THIS SCAM
IT IS THE END OF THE 4TH 1/4 LMAO NO COAL
Coal Business May FAIL,IF It EVER Starts.LOL
Currently, our coal business operations are limited or non-existent. There can be no assurance that we will be able to effectively manage our limited operations or expand operations in the future
The largest, easiest-to-access coal seams in Appalachia have already been mined................
NEWL INCOMPETENT Management Says NO EXPERIENCE IN Mineral Exploration.
''Because our management team has no experience in mineral exploration and does not have formal training specific to the technicalities of mineral exploration, there is a risk that our coal business may fail.
The members of our management team have no experience operating a mining company and do not have formal training as geologists, engineers or in the technical aspects of management of a mining company. As a result, our management’s decisions and choices may not take into account standard engineering or managerial approaches that mining companies commonly use. In addition, we will have to rely on the technical services of others with expertise in mining in order for us to exploit our properties. If we are unable to contract for the services of such individuals, it will make it difficult and maybe impossible to pursue our business plan. Consequently, our operations, earnings and ultimate financial success could suffer irreparable harm due to management’s lack of experience in this industry.''
''coal production from the Appalachian Basin will enter a period of irreversible decline''
Just like the SCAM NEWL Is in now,Irreversible DECLINE
WRONG THE WORST IS YET TO COME TO THIS SCAM
POS NEWL WILL CONTINUE DILUTING AGAIN AND AGAIN
18 Million Share Increase in Just 30 Days.....More to Come LOL
The number of outstanding common shares of the Company as of the record date of the Annual Meeting on November 21, 2014 was 291,578,464. The number of outstanding common shares of the Company as of December 22, 2014 was 309,452,443.
Right,1 BILLION SHARES AUTHORIZED....
18 Million Share Increase in Just 30 Days.....More to Come
The number of outstanding common shares of the Company as of the record date of the Annual Meeting on November 21, 2014 was 291,578,464. The number of outstanding common shares of the Company as of December 22, 2014 was 309,452,443.
Common Shares $0.01 par value, 1 billion shares authorized, 3.07 million and 0.0013 million shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively
NEWL SCAM Is Garbage,Like LOSING Money......Buy this POS SCAM
NEWL IS A PUMP and DUMP.
The ones that Actually Do REAL DD,Will NOT Be Foolish and buy NEWL.
MORE DILUTION,MORE TOXIC FINANCING=LOOKOUT BELOW
1 BILLION SHARES AUTHORIZED....
The number of outstanding common shares of the Company as of the record date of the Annual Meeting on November 21, 2014 was 291,578,464. The number of outstanding common shares of the Company as of December 22, 2014 was 309,452,443.
Common Shares $0.01 par value, 1 billion shares authorized, 3.07 million and 0.0013 million shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively