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pennymonster1

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pennymonster1

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Tuesday, 08/26/2014 2:32:02 PM

Tuesday, August 26, 2014 2:32:02 PM

Post# of 34668
IR gets $32.3 mm in proceeds for a $2.5mm investment in NewLead. From most recent filing:

As of July 31, 2014, Ironridge has invested $2.5 million in the Company and force funded another $2.5 million, which was immediately returned pending resolution of the arbitration, and, as disclosed to the Company by Ironridge, has sold the common shares of the Company issued to it for aggregate proceeds of $32.3 million

This is the Ironridge story. Makes a ton of sense, doesn't it?
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