Newlead Holdings Ltd. (fka NEWLF)

[ThePatch]

With the ironridge/newlead mess, i dont think financing is on track for the 2nd ship:

april 8 2014 PR-
“NewLead Holdings announced that it has previously signed a term sheet with a leading financial institution to provide 75% debt financing for two second-hand Panamax vessels for a total of $35M. The two vessels are expected to be delivered to NewLead’s fleet within the next three months, subject to the receipt of the necessary financing for the balance of the purchase price.”

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