Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Okay guys, after a 60% loss and watching this stock falling quicker than the titanic, I can now fully admit that this stock is crap.
Too bad that I needed to be minus 60% but I hardly could find a worst stock to be invested.
Now, "it's too late" and I will keep my current position. I just can't expect anything from this company.
How many copanies falling did I see, and then everytime the management issued a comment saying this and that.
Here, nothing... I suspect the management to be short on this NEWL. lol
at least we know that everyday is minus 10%.
NEWL Green today!
AMAZING! lol
NewLead Holdings (NASDAQ:NEWL) dropped 8.29% to $3.87 after the company announced the placement of $25.0 million perpetual preferred equity. NewLead Holdings Ltd (NASDAQ:NEWL)’s stock on Mar 11, 2014 reported a decrease of -10.55% to the closing price of $3.39. Its fifty two weeks range is $3.32 -$344.25. The total market capitalization recorded $2.99 million. The overall volume in the last trading session was 570,514 million shares. In its share capital, NewLead Holdings Ltd (NASDAQ:NEWL) has 12.31 million outstanding shares.
total market cap. 2.99 Million? Is it the current market cap or the traget for 2 weeks? .-)
http://www.technews.org/services-sector-stocks-touching-new-lows-ctc-media-nasdaqctcm-pearson-nysepso-newlead-holdings-nasdaqnewl-reachlocal-nasdaqrloc/293563/
My question is: How NEWL can sell 25 millions of perpetual preferred shares? Who is crazy enough to invest this kind of amount?
I don't think they are happy now..after the 40% drop...
From the first page of the company's website:
""With an experienced management team focused on operational excellence and the ability to leverage strong relationships with significant customers, industrial partners, financial institutions and shipyards, we will endeavor to capitalize on the dynamics of the shipping industry, expand the Company and create shareholder value.""
I can't find any word that shows the truth...
Can everybody tell me if you have access now to your shares?
For me, The quantity has been updated, same for the price.
And I can trade now. (after the drop of 30%, cool )
Baltic Dry index : + 6.40%
http://www.bloomberg.com/quote/BDIY:IND
...but in the other hand, people that is doing a mass short on the stock, if it goes up a bit, they can panic and buy buy buy the stocks, and the more they buy and the more the stock will go up.
In a way I can understand people who is shorting the stock.
Even for me, it's hard to imagine that stock going back to 10$.
End of last year, the reverse split of 1:3 showed that the stock always goes down. Here, with the rs of 1:10, the high point is even better, because much higher.
..and no news from the management, board of my ass, committee of my ball*,.
All the greek managers are they doing a giant gang bang in Athens?
com'on!
I am just trying to understand this situation.
Usually after a "normal" reverse split, I never saw a drop of like 30%.
The cake should remain the same size, what changes is that your pieces of cake, instead of having 100 pieces, you only have 10, but 10 times bigger.
Here, if it moved directly to the red side, must be shorter that are putting negative pressure here.
Because if everybody has the shares locked, and nobody can sell the shares he owns, I only can deduce that people are shorting this stock.
I mean, the share dropped, meaning that there is more sellers than buyers. Of course the only thing we can do is buy more because our shares are locked. So who is selling? if we can' t sell the shares we have? That's why I think that people are borrowing shares to short.
i could imagine Newl back to $1, but it s hard now to imagine Newl at $10!!! no?
Stupid question, but how is it possible that the stock is going down, if the only way to trade today is to buy; because everybody (apparently not) has his shares blocked??!!
some insiders....?
Google finane updated the market price.
We are officialy down 24%
https://www.google.com/finance?q=NASDAQ:NEWL&ei=YZoYU5D9GoWdiQKg5wE
""The reverse split will consolidate every ten common shares into one common share, par value of $0.10 per share. As a result of the reverse stock split, the number of common shares outstanding will be reduced from 53,721,525 to approximately 5,372,153 shares, ""
So the company has 5'372'153 shares @ 4.60
the maket value of the company is $24.7M
Sur, for greeks, what is happening, is a good news...
The closing price WAS 0.60.
Now, after the reverse split 10 old stocks turn into 1 "new" stock, your friend has now:
500 shares @ 4.60 = $2300
yesterday he had: 5000 shares @ 0.60= 3000
As today, NEWL is down, your friend is loosing $700
How many shares this company has in total and what is the current marketvalue of the company?
I am just wondering, what is going to happen tomorrow, when everybody will have access to the shares again....
Plus, if i'm not wrong the Baltic Dry index is up 4.98%
http://www.bloomberg.com/quote/BDIY:IND
Hi Guys.
I entered in this last week @ 0.60.
I think we can't see anything on this stock untill tomorrow.
I called my broker and he told me that my stocks will be available tomorrow.
Bought 1190 units @ 4.39.
I think it will go down but that's a first shot.
Go back to $4 please... thanks
I mean, I agree. You are only excited when you really hold the stock. If you don't hold the stock, you are more frustrated than excited.
Imagine, after only 1h30 after the market has opened, we are already with a volume of 48M shares pre reverse split.
That's F*** huge. lol
Man, I've just SOLD the news today.
So I agree 100% with you !
Yes I know it already.
But it doesn't tell me how they are going to invest those $20M.
Imagine if this is new shares with warrants etc.
The price now it's $5
I suppose they will have a "discount" of, let's say $3 per share.
20M/$3= More than 6 million shares.
Am I wrong?
Ok.
On the news, it says:
"Terms of the Sichuan investment are to be agreed to and subject to final approval by the Sichuan Provincial Government and affiliates."
Ok, so they will not going to receive the ok, so I'm waiting to buy again @3.50
These $20M as an investment, is it going to be an issue of new shares or they are going to buy "at market"?
Most probably new shares, no?
oofffffffffffffff cooouuurse! :-P
Well, I announced when I bought and when I sold.
I can't do better
Sold 4420 units @ 5.0581 now.
Happy to have bought 4420 units @ 3.80 two days ago...
Com'on!
Bought 4420 units @ 3.80.
Let's see..
But this time I'm not sure..
Maybe it will kick my ass .-P
Sold my posifion of 1300 @ 4.40
Bought 1300 units @ 4.03
Let's see