Newlead Holdings Ltd. (fka NEWLF)

[Dragenn]

No one said that Newl is a scam. Your kind of jumping the gun. What fthey did was bad. True iron ridge is taking it to a whole other levels. Newl is trying to stabilize and these companies take advantage of companies In this position. Incompetence yes. Im not quite convince it a scam.


There is quite a big difference between incompetence and scam. We're all losing money nit one investor has a gain to gloat about and there are no short shares available so there are only a couple retails that managed to make money. The rest are liars.

The preferred shares are obviously structured for financing which is bothersome. I can expect more dilutions. As the only companies that will take advantage are toxic financier like iron ridge.
What also is bothersome is the price when it hit Grey market was based on the closing price not the pre market price. I've never seen that before. As if those buyers shares value was invalidated. Every halt I've seen this far. Restarted at the last price. Doesn't matter if premarket or after hours.

Seems there also the possibility that Newl got itself caught in a scam because it goes well beyond this company. This is easily the strangest stock and series of events I've ever seen. The more you dig in the weirder it gets