I think your trying to vindicate IronRidge. Before the trial even started. l could side with Iron Ridge, and you would be correct in that assumption. NEWL was up to no good financing with the like of them, and they choose to knowing shareholders would get damaged/destroyed. It was total incompetence, a few clauses could have save shareholders.
Post trial. Now that's a different story. Let's face it we've come to see Ironridge and how they operate. Most time they take shares as collateral convert them sell at market and tank the company. Many times the company is so devastated they don't follow through with the loan, and Iron Rigde walks away with quite literally free money. A simple Google search will prove this, l actually didn't have to dig too deep to find the real gritty dirt.
There are two evils here. Both Iron Ridge and NEWL. I voting NEWL because they can help me exit out of this mess if they win. So i'm keeping focused on Iron Ridge.
It's not really news that NEWL actually trades no more then $5. I was going to cash out but the charts looked great that day and l knew l could break even next day. What happened after blew my mind. Transcript also says Adjusting for stock splits which is not lying; not the $146.50 as you stated.
Keeping the eye on the prize im not defending NEWL, im making a case for a potential catalyst to make my money back. I'm gone afterwards. I'm not trying to be a hero for the masses, but our communal work is making it easier figure out if this is a total write off. Should just sell at $0.55c or $55, that's why im here.
