Newlead Holdings Ltd. (fka NEWLF)

[Dragenn]

Obeop looks like you really found an elephant in the room when you found out about these directors leaving. I've got a ton theories l can't wait to write a but l got to teach kickboxing soon.

These guys have been working for iron ridge global for about 3 years. Suddenly they All just up and leave. Currently John C. Kirkland isn't listed as working anywhere at the moment. You don't leave a high ranking position just to try something new. They left to avoid any legal circumstances. ( well that speculation to be honest) possibly even sharing insider information with potential shorts. After all they knew Newl's financial position was near death.

We all know IR was up to no good and the last lawsuit was lost because the judge deemed he had no jurisdiction to do anything meaningful. This one they been caught red handed and NEWL managed to score a high profile lawyer on shares only. Lawyers don't do charity work. Marc j Ross is no rookie and knows he can win this. At the time they ( NEWL was 29c and declining) and the lawsuit was in excess of 125M so imagine that chump change to what IR will have to pay now the presplit price is barely 2c and they are listed to the Grey market. Ouch!
Newl has 2 more ships and enough money to keep going till the end of the year so any short term bankruptcy is off the table. If they win this lawsuit they would almost debt free. Imagine what that will do for shares price also china has yet to finish injecting 5 billion dollars into the Greek shipping business. Even a small a portion would help PPS.

Suddenly the shares are looking kind of cheap