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Wrong translation.
I'm Hispanic and Google translates translation of @muddlaw original quote is incorrect.
Original quote:
Yo entiendo que la jueza Laureana Pérez vaya a fallar a favor del gobierno. El que pierda, acudirá al Apelativo
@muddlaw is actually saying that he understands the judge will rule AGAINST the goverment. The word "fallar" means to miss or fail. Basically meaning he thinks the verdict will fail the goverment. I have actually exchanged emails with @muddlaw and he has expressed his opinion that Doral will win and PR will appeal.
Dumping? I'll take this "dumping" any day... Given all the MASS CONFUSION and no PR yet from NEWL 50-60% is acceptable.
Now, release a well timed PR and it's boom time... 500%+ shorties will be eating ramen noodles for dinner.
Really?
You actually think Michael who now owns 700k+ in NEWL securities as well as all the lawyers he hired at around .27 pre rs are going to let this thing tank? You must be smoking. NEWL is NOT on the grey sheets, it is normal for a delisted security to trade on the grey sheets the first day until it is transferred to its OTC Market.
Wait for PR, and it's GO TIME.
Well, they were paid pre rs, at around .27? Don't remember exactly.
I'm sure NEWL has a positive PR lined up as well as a settlement with IR. Let's wait and see.
I don't know, but what we do know is they were paid with NEWL securities. These were not some 1-800-LAWYERS they know what their doing. I highly doubt they let this tank. I am positive they accepted the job knowing their securities will be paid 10x's over.
Longs Get Ready
If it does resume trading tomorrow, DO NOT place stop loss orders, your shares will be taken if you do. Instead, place out of the money sell orders, so your shares cannot be borrowed to short with.
I expect NEWL to release a positive PR once they do begin trading. We know Michael owns over 700k in NEWL securities as well as the fancy lawyers he hired. I highly doubt they will let this tank like the prior halt. With only 9.5m float, this can easily spike to $10+ with volume and a PR. As always do your own DD.
In response to your comment.
Right here doing what? Taking one on the chin that's what.
Give the members of this board balanced information don’t mislead with old and outdated data that doesn't apply with the current r/s & halt.
The company is in a far better financial position today than it was before. With that being said, I find it hilarious and honestly down right comical that you were completely GONE from this thread while NEWL was ripping from $1-$6 a few days ago. Now the stock is halted for T12 and right on time Gary comes back bashing.
No, you're retarded. T12's are given in B/O & Merger situations as well. Read up before you reply and look like a moron.
Halted for Merger!
I am positive this was halted for b/o or merger information submitted to NASDAQ.
IMHO
PR expected by Friday
PR was released 4 days after the last two r/s. This isn't the big run, a positive PR will blast this.
NEWL is in a FAR better financial position at the current momment.
This thing is one good PR away from rocketing.
The two new vessels due at any second have an acquisition price of $37.0 million ... 37+13=50 coincidence? lmao ;)
News was released 4 days after the previous two R/S
Given the recent events, i'd say 3rd times the charm.
News will be released on Friday.
How will they raise the Market Cap?
You have to wonder what PR they have up their sleeve just waiting to release it in order to get their Market Cap up to compliance...?
Dude, if you just type bs and click "submit post" no one takes you seriously. Either post a link to a credible article/pr or go back to playing in traffic.
PERFECT TIMING
Proof MG Partners Limited, Magna Gibraltar Investments LLC, Hanover Holdings I, LLC, Magna Group Capital Management, LLC and Joshua Sason are all out is perfect for news on the new ship arriving in July.
Next PR from NEWL and this takes off hard.
Not true, you CAN set your sell orders.
Did all longs set a high sell order?
Shorts forced to cover before NEWL gets delisted?
http://www.nasdaq.com/symbol/newl/short-interest
Then pull up the Reg SHO Threshold List from April-June.
This was already covered in previous DD.
lol, you see 500k up until 6/13. You are not accounting for all the fails from April-June,18 which were a lot.
Great New!. NEWL will issue less shares to MGP/Hanover now (7.72 mil less shares)
Looks like great news.
Explained:
https://finance.yahoo.com/mbview/threadview/?&bn=d63cc273-ce12-3d92-94c1-3a73a8aac01a&tid=1403787411921-d039f4a1-1bef-4e41-824d-925860d45563&tls=la%2Cd%2C4%2C3
Longs are referencing the Reg SHO Threshold List. NEWL was a regular on that list. Many stocks that have allegedly seen naked short selling will end up on this list.
Many will claim that you are crazy for coming up with such a theory but in reality it makes perfect sense. The morning of 6/18 a bs article was released basically reiterating the judges ruling in favor of Ironridge. Minutes later NEWL fires off their PR and catches everyone off guard including Ironridge. I too believe it's no coincidence NEWL decide not to file a 6k. The bottom line is, if NEWLS PR from 6/18 stands up to NASDAQ's scrutiny we might see a hell of a gap up.
It's a lot more complicated that just a revised PR. NASDAQ has to make sure the claims in the PR are accurate and consult all parties involved. Relax, let NASDAQ do their thing and trading will resume sooner than later.