You would have a valid point, but Ironridge would argue that NEWL did 4 reverse splits before they came into the picture, and NEWL was halted by NASDAQ for a misleading press release. Not to mention the fact that the stock price before Ironridge was involved was still declining rapidly. Will be interesting to see what the courts say, but I will be shocked if we hear anything in the next 6 months as these things move slowly.
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