Are you kidding? Look at the other companies that have preferred shares that will dilute shares again!!! Newl has already re-authorized up to another 100,000,000 / 500,000,000..
There are still multiple companies owed shares.. Its not just Ironridge. Ironridge, certainly went against their agreement to be a LONG TERM holder and simply dumped millions on the market.. I don't think you will see that again with the other lenders. They will dump in pieces.. 9.9% each time...
My biggest hope is they have Ironridge by the balls and wins a huge settlement....
That's 100 million dollars plus in the bank.....but then again, maybe that is all a smoke and mirros and both ironridge and Newlead are working together.. I know one thing.. I don't trust Newlead at all...
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