Newlead Holdings Ltd. (fka NEWLF)

[dhent]

The SEC has established certain regulations for Gray Sheet stocks that limit risks to investors, as follows:

• The stock may not be solicited or advertised - so pump-n-dump scams by broker, mail, fax, etc are limited.

• Grey Sheet stocks that do have a public offering of shares cannot be shorted. This is a benefit in that unreasonable plunges in share values are minimal because broker-dealers and other investors and scam artists cannot short the stocks by law.