You took the quote from the article not the actual transcript. Careful about what you read when it summarized.
Finally, NewLead could stop Ironridge from obtaining common shares in satisfaction of embedded liabilities without an injunction. As noted, Ironridge agreed to accept cash instead of shares, ECF No. 6 & Ex. B. But NewLead has refused to pay the cash, claiming it is not yet due. June 9, 2014 Tr. 68:16–69:18. Ironridge readily admits it will resort to self-help and instruct the transfer agent to deliver shares if NewLead does not pay.
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