Newlead Holdings Ltd. (fka NEWLF)

[iwant1mil]

I hate to ruin the party, but soon if not already, NEWL con men will begin diluting again. The run starting on last Friday was to get above $1 to break the 30 consecutive trading days of under $1 deadline. They only needed one day to close above $1 which they have done, so having met this requirement means they can remain on NASDAQ. This is good and would mean that NEWL can operate like a real company. However, the problem here is that NEWL is run by professional con men and they will most likely start dumping new shares again and Hanover will also resume cashing in their millions of loan payback shares. This will start a new downward cycle and all shareholders will lose a ton.

"Under NASDAQ Listing Rule 5815 (d)(4)(a), the Panel will monitor the Company (NEWL) for a six-month period, ending June 30, 2014, to see if it experiences a closing bid price under $1.00 for a period of 30 consecutive trading days."

http://finance.yahoo.com/news/newlead-holdings-ltd-regains-compliance-133000862.html