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Atari's crypto token trades at ~$0.07 each, seems to have declined in value since the launch of it.
Interested to see what they are able to do with it in the end.
https://coinmarketcap.com/currencies/atari-token/
The token along with the gaming platform actually makes me really interested in this one.
Atari is a household name..sorta
you'd think if anything was actually going to happen the first step would of been a reinstatement with Delaware which still has not occurred.
still had a monster run for a few days but I doubt lightning strikes twice
Zolotas still involved in Focus maritime and Laiki Bank case you can find a few articles on Google news if you search his name
Doubt we hear anything from Newlead for rest of year.
or ever(?)
suspension ends at midnight tonight but not sure if they met the SEC's requirement
Respondents shall file an Answer to the allegations
contained in this Order within ten (10) days after service of this Order, as provided by Rule
220(b) of the Commission’s Rules of Practice, 17 C.F.R. § 201.220(b)
sounds like the SEC's letter to them bounced in August... does NEWLF still even have an active office anymore...
On August 6, 2018, Corporation Finance sent a
delinquency letter to NEWLF requesting compliance with its periodic filing requirements, but
NEWLF did not receive the delinquency letter due to its failure to maintain a valid address on
file with the Commission as required by Commission rules
If this goes back to grey, stays on OTC BB or SEC keeps it suspended and revokes ticker(eventually?)
maybe we finally hear something from NEWLF again.
IT IS FURTHER ORDERED that Respondents shall file an Answer to the allegations
contained in this Order within ten (10) days after service of this Order, as provided by Rule
220(b) of the Commission’s Rules of Practice, 17 C.F.R. § 201.220(b).
but I won't hold breath.
Zolotas in to much legal trouble all over.
TransAsia case alone was enough.
Bermuda dissolving the registration may mean it might just randomly stop trading one day in the future..
Grim outlook here to be sure.
Zolotas still in court on the FOCUS case.
The trial proper in the Focus case was allowed to move forward again on Monday, after Nicosia criminal court ruled – in a trial within a trial – that certain evidence introduced by the prosecution was admissible.
The defence had earlier argued that evidence obtained from Greece by Cypriot authorities was not acquired lawfully via the mutual judicial assistance protocol between the two countries. As such, they said, this evidence should not be admissible.
The evidence in question relates to Greek national Michalis Zolotas, owner of Focus Maritime Corp and a key defendant in the proceedings.
On Monday, the court rejected the defence’s motion.
By unanimous decision, the three judges said the evidence in question had been obtained lawfully from Greece via mutual judicial assistance requests made by Cypriot law enforcement authorities.
According to the court, the prosecution proved beyond a reasonable doubt that all the evidence in question was accounted for and properly documented in the mutual judicial assistance requests.
The court noted that even if the evidence had not been obtained lawfully, it would still have admitted the evidence provided it were deemed relevant to the case and provided that the defendants’ right to a fair trial were not adversely affected.
The decision allowed the prosecution to call to the witness stand CID sergeant Nicolas Foullidis, the officer in charge of the evidence related to the case.
Foullidis had begun testifying in early May, but his testimony was interrupted when the defence raised its objection to the evidence, leading to the trial within a trial.
On Monday, the defence objected anew when Foullidis tried to introduce as evidence a digital disk containing evidence.
The CD was obtained from the Sovereign Base Areas, the court was told.
The defence argued that the CD was not obtained lawfully.
As such, the proceedings were interrupted, and will resume on September 7.
Prosecutors claim that Focus Maritime Corp was the conduit for transferring €1m to a consultancy firm in Cyprus.
The consultancy firm was owned by the daughter of then governor of the Central Bank Christodoulos Christodoulou. The prosecution’s case rests on the premise that the money was a sweetener to Christodoulou so he would green-light the 2006 takeover of Laiki Bank by Greek financier Andreas Vgenopoulos, now deceased.
Laiki was shuttered in 2013.
Vgenopoulos, chairman of Marfin Investment Group (MIG), was initially also on the charge sheet. His name was withdrawn when he died in November 2016.
In addition to Zolotas and Christodoulou, defendants in the same case are Christodoulou’s daughter Athina, her ex-husband Andreas Kizourides, former Laiki official Michael Fole, and ?C Christodoulou Consultants Ltd, MIG and Focus as legal entities.
In a related issue, state attorney Andreas Aristides said on Monday that no evidence or documents related to the Focus case were destroyed in the fire that broke out at the Nicosia court complex back in February.
Aristides told the Cyprus News Agency that, at the time of the fire, no evidence pertaining to the case had yet been submitted to the court and therefore none of this evidence was being stored in the building.
As such, recent media reports claiming that Focus-related evidence was destroyed, were inaccurate.
https://cyprus-mail.com/2018/08/06/focus-trial-back-on-track-after-ruling-on-evidence/
Thus ends Newlead...?
I wonder what happens to the TransAsia judgement then.
Considering this article:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141082096
I don't know how much there is actually "left" of Newlead at this point.
The only sign of life is that they do have a lawfirm representing them in the NY case right now..so funds have to be coming from somewhere.
Until different it's just a dark ticker under a legal judgement. Not worth more then 0.0001 x 0.0002
Dark ticker.. I don't think they have anything to share with us.
On the court side they have posted a few documents for the month of June...
I noticed on their webpage the investor relations page no longer works. It just says "Error on Page"..
Error on page indeed Newlead
Argument is invalid...
Please read Transcript of proceedings Doc Number #726 in the NY case that addressed EXACTLY this issue with the judge.
TransAsia is not taking over this ticker.
Newlead is DARK, prior to going dark you can read their last 20-F, this company was loaded to the gills with debt, various articles have pointed to all their ships being seized by creditors.
The TransAsia judgement is just another sign of incompetence considering years ago TransAsia wanted $1-2mil to be made whole..instead Newlead dragged it on to a $20M claim somehow.
Zolotas does not care about Newlead Shareholders, since the Nickel wire incident in 2013, DELISTING in 2014 and the final blow of the NT 20-F in 2016..
In fact a few months ago they didn't even pay the money to host their website anymore, it was down for like a week before somebody noticed and paid the bill.
worthless ticker since 2013!
new court doc posted on the 22nd.. was issued on the 4th of May but only posted on the 22nd
Was denying a previous motion.
First document posted since March
Doing good work sir, was wondering when we would hear about the asset seizures.
Liked this line
NewLead’s Piraeus office telephone number is temporarily disconnected, and the company appears to have vacated its Akti Miaouli offices.
contact emails on if you are inclined.
http://www.newleadholdings.com/contact.html
http://www.newleadholdings.com/ir-contact.html
Don't be overly optimistic for a response though.
On the old version of the OTC site it had said "verified by transfer agent" and the date next to it with the shield icon.
On the updated version it has the shield icon but no text of "verified by transfer agent".
But I agree, its all blind if the TA won't disclose on demand if the site is correct at all.
Their TA validates on the OTC markets site once a month.
3,602,055,737
05/01/2018
https://www.otcmarkets.com/stock/NEWLF/profile
they won't validate if you email or call them though.
Personally I wouldn't buy NEWLF here considering how deep their legal troubles go or just the general darkness of the ticker, but I could see how it could run in these conditions if people were determined
pragmatic leader to be sure, just like in the market you have to be pragmatic to pull money out of pennies like NEWLF
NEWLF is dark and in embattled in legal trouble for years....
But for a triple zero penny the OS has not changed for a long time off the 3.6B outstanding which is pretty low for one of these.
A pump and dump attempt can be made..has been done in the past..never lasted for any period of time though.
NEWLF celebrated an ominous milestone last week... passing 1 year since the last SEC filing..which was a NT 20-F, a delay of an already overdue 20-F lol..
not seeing any trades registered after the 24th of April here...
Slow times
court case filings seem to have stalled in early March..not sure what is going on there.
NO PR's or filings from NEWLF for sometime now..
I wouldn't hold breath they would file 20-F..they never bothered to last yr..
At least the website still works..it was not working sometime last year..lol
Not much going on for most of March... NEWLF's lawyer filed one thing to vacate the default... but nothing has been posted in response to that yet..maybe soon more movement...
In the other case v M Zolotas specifically there are some interesting tidbits in the posted testimony from Zolotas himself(back from 2015!) but its not very relevant to Newlead in its current state..
maybe shareholders from 2013-2015 in NEWL would be interested in the second item.
In addition there is no evidence NEWL really is active anymore..
No ships
Delinquent SEC filings
Massive litigation
No Press releases
no bid x .0001 ask penny stock for all of 2018 so far(lol)
If they are doing anything at all it would be a surprise to me...NEWLF has not bothered to inform shareholders of anything..
TransAsia doesn't exist as an active business anymore after the failed Newlead deal...
In fact that was one of the arguments NEWL's lawyers tried to bring to court.
Found some random article related to Newlead....
Google translated from Greek so may be a rough read.
The sale of an abandoned tanker formerly chartered by the shipping company NewLead Holdings of the former shipowner Michalis Zolotas is being pursued by the National Bank of Greece.
The reason for the Ioli tanker ( with a capacity of 3,370 dwt, built in 2009), which remains anchored in Normen's Port of Dramen, where it was tied in October 2016 with a crew of 14 people who abandoned it after the late payment.
"The bank just wants to collect the residual value after a forced sale, and hopes there will be someone who wants to buy it." The Greek bank definitely does not need any ship, " Drarnen 's chief portman , Einar Olsen , told DRM24 .
"We are working to put it in a forced sale right now, and we hope it has moved between Easter and summer holidays," he added, explaining that "we take care of the ship every day and we know it is okay, in spite of the weather."
In February 2017, NewLead had told TradeWinds that he had sent an engineer to the ship after an inflow of water, which according to port was of several thousand liters. The ship belonged to Equasis, which presents the ship as decommissioned for water repairs.
It is recalled that the companies of Michalis Zolotas have collapsed and are not in possession (at least obviously) of any ship. In Cyprus, he is accused of the famous scandal of FOCUS and involved in the case of Paradise Papers, with NewLead Holdings and a subsidiary based in Bermuda. Also, the British Transasia Commodities had blamed Michael Zolotas and NewLead Holdings for forgery, fraud and stock manipulation. TransAsia had an agreement to buy 110,000 tons of carbon from a Newlead joint venture in the US in 2013, but coal was never delivered.
In her complaint, Transasia argued that the Newlead joint venture had never had the hope or intent to deliver the coal and that the contract had been signed only for use by Newlead to increase its share price on the New York Stock Exchange, where it was listed.
As described in the lawsuit: "The defendants used public listings and press releases for carbon contracts to attract investors to buy and raise the price of NewLead Holdings.
They then issued millions of shares of NewLead Holdings to themselves as wages and allowances, and to companies belonging to them, their family members and their close associates who had been disguised as "consultants" and "sellers."
Then the defendants filled their pockets by selling the shares at inflated prices to the unsuspecting buyer, which was based on the company's misleading press releases that spoke of their allegedly successful entry into the coal mining sector. "
org: http://www.mononews.gr/business/i-ethniki-trapeza-etimazete-na-vgali-sto-sfiri-paroplismeno-tanker-pou-iche-navlosi
NEWLF has been dark for some time now.. no PR's or filings..never filed their last 20-F..
who knows how they will pay for the lawsuit in any capacity..
All a black hole..
It looks like NEWLF's lawyers are trying to vacate the judgement currently...
Case seems to drag on forever..
Any penny can run...NEWLF is not currently primed for it at the moment though..
No news for a long time
bloated share structure
not good combo
The TransAsia stuff is still progressing. There are 2 cases filed now.
index no:
654414/2013 (main one)
150312/2018 (v Michael Zolotas)
TransAsia trying to collect the $22,262,965.44 in some form.
Any news would be nice.. coming up in May it will be a year since the last SEC filing from NEWLF...
Still don't know how they will be able to manage the $19.36M TransAsia judgement against them
Another court appearance on Feb 15th..
Other then that not much going on with NEWLF
Judging by past years of patterns.
Maybe an attempt at a PnD sometime in May-June..then again in Nov-Dec..
Not sure what initates the pumps..certainly not news From NEWLF(as of late..)...maybe watch other penny shippers to see if sector wide pump will occur..NEWLF will be pumped on the latter half.
Didn't get off the ground last May-June and the Nov-Dec pump faded real quick at .0002.
3.6Billion OS and 50Bill authorized....careful!
Not sure. TransAsia won a rather large judgement from the defendants in the case and how much they collect and how they do it will be a factor going forward.
NEWLF does not update their financials or anything of the sort so its all a black hole of information.
Interesting to note...
A new Petition has been filed by TransAsia specifically against Michael Zolotas now..
Index no: 150312/2018
1. Petitioner brings this special
proceeding pursuant to CPLR §§
5225(a), 5225(b) and
5225(c) and established case law, seeking each and all of the
following:
turnover
transferring Respondent-Judgment Debtor Michael
Zolotas'
membership interest in Aurora Properties (USA), LLC ("Membership Interest");
Interest"
and
compelling the Respondents to disclose, bring within the jurisdiction, and make accessible
for the Petitioner, all cash, income, distributions, certificates, including all membership
interests in the Respondent Aurora Properties (USA), (LLC),
together with executed forms
of unconditional assignment and transfer to the Petitioner, in partial satisfaction of a judgment
duly entered against Respondent-Judgment Debtor Michael Zolotas and in
favor of Petitioner
Anything would be surprising..
NEWLF has not filed anything for 251 days now...
Next corporate action if anything will be to file that "delayed" 20-F. Imo..if anything was to happen in 2018...
But on the other hand..the lack of actions both in PR's and SEC filings from NEWLF over the past year has also come with a period of 0 dilution(assuming OTC markets figures are correct)...
In the past when there was news and filings the OS would increase so fast....
Maybe its a blessing in disguise this period..a pump and dump attempt on the share price may not be met with a bloated OS
Nice find..
Case has gone on for such a long time and now it looks like NEWL's lawyer is going to try to appeal this.
Notice of Appeal
Defendants-Appellants NewLead JMEG, LLC, NewLead
Holdings Limited, NewLead Holdings
(US) Corp., and Michael Zolotas, hereby appeal to the
Appel late Division of the First Department from the order of the Supreme Court, County of New
York (Hon. Charles E. Ramos), dated November 8, 2017, and entered the above-titled action in
the Office of the Clerk of the
County of New York on November 27, 2017 (Dk. No. 721)
(the"Order""Order"). Notice of
Entry was served on December 6, 2017 (Dk. No. 727)
The ones relevant to Newlead are.
Newlead JMEG,
Newlead Holdings Limited
Newlead Holdings(US) Corp.
Michael Zolotas..
There is one other that is unrelated to Newlead