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Strength??? LOL!
I don't follow it at all anymore, sorry...
Couldn't have said it better myself!
What they need is to be shut down for good! Put an end to this con game...
No, they didn't... true up shares have been going out like crazy to Perian Salviola for the toxic financing of the useless mine and wash plant! Zolotas knew all along what he was doing and it wasn't to create value for the shareholders, but there is obviously something in all this toxic financing that benefits him financially...
Yeah, they're going to punch shareholders right in the eye!
NewLead still unable to provide CEO’s "missing" emails
http://splash247.com/newlead-still-unable-to-provide-ceos-missing-emails/
I agree... The SEC should have shut them down a long time ago!
They are a Bermuda registered company and Bermuda does not allow for class action suits...
While I understand how hard it is to lose that much money, what needs to happen is the SEC needs to revoke their registration. It's time to put an end to this scam company! Yes, shareholders will lose everything, but at least no one else will ever lose again...
I haven't uploaded all the court documents in a while, but I urge you all to read the last document that was put out by the court...
http://www.4shared.com/office/x4xvIOgVce/Newlead_court_document_12-08-2.html
The judge stops just shy of calling them a scam, but talks of Zolotas' dishonesty and playing games with the court. Everything will come back to bite Zolotas in the end! He is a crook who knows how to manipulate and he belongs in prison!
From the "Triple 000 and Sub-penny Chart Plays" board, originally from Penny Stock Nation...
What is so dangerous about Trip-Zero's?
Selling is the hard part...
So you might be thinking, "What's so hazardous about a .0001 stock? It can't go any lower." Well.. that's not really true. First of all, if the stock has no bid and you buy at the ask of .0001, you've immediately assumed a 100% loss. Why? Because, with no bid, you couldn't even sell the stock readily if you wanted to. Remember, you can't sell it for less than .0001. So, to simply get out of your position even, you'd have to put your sell in at .0001, and hope your shares are bought up by someone else. Now the issue with this is you are now at the very back of a long line of people trying to sell shares for .0001. That's the way the market works. Orders sent to a particular market maker get filled first come, first serve, and if you're at the back of a long line, you are going to be waiting until the last of the shares offered at .0001 - yours - are bought. Once in a while you might get lucky depending on what market maker your broker uses. Say you use E*TRADE, which has its own Market Maker (ETMM), and you are the only one trying to sell shares through ETMM at .0001. If a fellow Etrader comes along and decides to buy shares, they will most likely match your orders and you'll get filled before the line of people waiting behind NITE or AUTO. Chances are, your market maker already has a bunch of orders queued, but every now and then this might work to your advantage.
Beware of the Reverse Split
There is yet another way your .0001 investment could dwindle to oblivion. If a company can no longer drive demand for their stock, and cannot get it off the metaphorical .0001 "floor", their only recourse is the dreaded Reverse Split. A Reverse Split, or RS, if you don't know already, reduces the number of shares outstanding while simultaneously raising the share price at the same ratio. If they enacted a 100:1 RS, and you had a million shares at .0001, you would be left with ten thousand shares at a price of .01. The share price goes up, (to dilutable levels…) but you are left with fewer shares. The problem with reverse splits is they are seen as the worst possible event in the penny stock world, and almost always lead to a massive selloff when they're announced, and then often once they are executed. In the aftermath the stock you own that started off at .01 post split, might settle at .0035 or so. You're left holding onto a 65% loss, but the company is left with 35 ticks of share price to dilute… Trip-zero stocks have the highest risk of reverse splits because it is usually the company's only option to continue 'utilizing' the stock, and most trip-zero stocks didn't get there from solid management and profitable business plans. Many are scams and dilution schemes that will dilute to oblivion, reverse split, rinse and repeat.
All shares in any time frame are dilution with this scam company!
$NEWL NewLead to undertake its sixth reverse stock split in six years!
http://splash247.com/newlead-to-vote-on-its-sixth-reverse-stock-split-six-years/
$NEWL now has 6,065,897,349 common shares outstanding!
http://www.sec.gov/Archives/edgar/data/1322587/000114420415073482/v428129_6k.htm
Buy it and find out for yourself... LOL
I'm done trying to get traders to stop losing their money in this scam! Just going to sit back and laugh at all of you now...
Where's the "Like" button? LOL
LOL... keep buying! That will show them! Ready for your reverse split?
Normal? What do you mean?
I never trade greys and I have not traded NEWL since February 2014...
A SEC filing on December 15th by Perian Salviola, (remember that name? I posted about her back on July 20th. 2014 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104475054 ) shows that she significantly lowered her holding in NEWL from 18.32% down to 7.12%. It can also be found on Insidercow here: http://www.insidercow.com/institution/acquirer.jsp;jsessionid=7CAA21719CDF8493FD4FBFD6AF187FFF?acquirer=0001599665&company=Salviola%20Perian
If I may coin a term from Scarface, Perian Salviola is another pig who doesn't fly straight!
The most interesting part of the SEC filing, which can be found here, http://www.sec.gov/Archives/edgar/data/1322587/000135448815005550/nlh_sc13g.htm shows that NEWL actually has 3,467,437,263 shares of common stock issued and outstanding! It's funny that in a 6K SEC filing released on November 30th http://www.sec.gov/Archives/edgar/data/1322587/000114420415068430/v425495_6k.htm , just 15 days earlier, NEWL said there were 2,679,942,148 common shares outstanding. That means that in 15 days, 787,495,115 shares were added to the outstanding!
If you missed that from over a year ago, you're even slower than I thought!
NEWL doesn't release 8K's... they are 6K's and not sure what you're looking for. It's dead! It was killed over a year ago.
Totally agree!
Yeah, everything about this company is "interesting"! Even to the Judge... It's obvious the Judge knows Zolotas is a scammer!
Probably because that 10 million was only $200... lol
Unfortunately, your vote won't count... Zolotas controls the majority of shares!
Yes, the question about consolidation of shares is a reverse split...
And if that's not bad enough, the amount of authorized shares won't change! It will remain 50,000,000,000.
$NEWL There are now 2,679,942,148 common shares outstanding and 50,000,000,000 shares authorized.
http://www.sec.gov/Archives/edgar/data/1322587/000114420415068430/v425495_6k.htm
You may want to read that 6-K very carefully... They are taking a vote to consolidate shares which means a reverse split again!
NewLead is ‘playing a game with the court’, says judge
Zolotas has been ordered by the court to turn over his hard drives!
http://splash247.com/newlead-is-playing-a-game-with-the-court-says-judge/
Like your vote is going to matter... Have you read the 6K released today?
"We are seeking shareholder approval to authorize our Board of Directors (the “Board”) to effect a consolidation of our Common Shares at a ratio of not less than 1-for-20 and not more than 1-for-1000 at any time prior to June 30, 2016, with the manner of implementation, ratio and timing of such consolidation to be determined by our Board. The Board believes that providing the flexibility for the Board to choose an exact ratio based on then current market conditions, and to effect such consolidation at any time prior to June 30, 2016, will better enable us to act in the best interests of the Company and its shareholders."
In other words, they are looking to do another reverse split of a minimum of 20 for 1 and a maximum of 1,000 to 1. You know they will do the 1,000 for 1 and your vote won't matter!
No, never. It's time for Zolotas to put this con game to an end and start a new one. Shut down the $NEWL scam!
NewLead CEO accused of withholding documents, plaintiff calls for his deposition
http://splash247.com/newlead-ceo-accused-of-withholding-documents-plaintiff-calls-for-his-deposition/
I can't wait until $NEWL goes bankrupt! But I'm sure they will just merge it into one of their other empty shell companies and call it new... Even if they do that though, current shareholders will not be a part of it. They will simply be wiped out!
So you think Zolotas will be the only one to go down with the ship?
LOL... It's happening all over again! $NEWL lawyers want to leave the trial again. Problem is, the lawyers see what a scam $NEWL is too and want to distance themselves!
NewLead JMEG CEO’s attorney applies for resignation
Court proceedings have been stayed against Jan Berkowitz, the CEO of NewLead JMEG, after he filed for bankruptcy on October 12.
Law firm McGuireWoods has applied to the Supreme Court of the County of New York to withdraw as counsel for Berkowitz, who is among defendants in an ongoing breach of contract case being heard in the court.
NewLead JMEG is a US-based coal mining joint venture with Greek carrier NewLead Holdings. The two companies and their respective CEOs Berkowitz and Michael Zolotas are being sued by commodity trading company TransAsia for $6.2m in compensation over a failed agreement to buy 110,000 tonnes of coal from Kentucky’s Five Mile Mine, which was never delivered to the buyer. Splash has covered the case extensively.
In an affirmation filed today, McGuireWoods said it has not been paid since it began working for its client on June 23 this year, aside from the payment of an initial retainer, according to court documents seen by Splash.
Berkowitz’s voluntary petition for bankruptcy shows he owed McGuireWoods some $270,000 in unpaid legal fees as of October 12, but the law firm said today the actual debt is “in excess” of this figure.
The defendant may now apply to show cause as to why the court should not permit McGuireWoods to withdraw as his counsel.
Berkowitz filed for bankruptcy just two days before he was due to be deposed in court in Philadelphia on October 14 and 15, but the deposition never went ahead.
Judicial proceedings against Berkowitz were stayed on October 14, court documents confirm. According to US federal law, an automatic stay in proceedings applies once a bankruptcy application is made.
Proceedings cannot be resumed unless Berkowitz’s petition for bankruptcy is rejected or permission is granted by the Federal Bankruptcy Court, according to US law.
http://splash247.com/newlead-jmeg-ceos-attorney-applies-for-resignation/