Replies to post #27590 on Newlead Holdings Ltd. (fka NEWLF)

[traderinvestor]

NEWL was ONLY halted because of switch of transfer agents. This is huge news for longs! The company filled today stated the reason for the halt was ONLY for the changing of its transfer agent!

On July 17, 2014, the common shares of NewLead Holdings Ltd. (the “Company”) were halted from trading on The NASDAQ Stock Market system as a result of a NASDAQ inquiry regarding the Company’s efforts to switch transfer agents.

http://www.sec.gov/Archives/edgar/data/1322587/000114420414044689/v384482_6k.htm

7/24/2014 SEC.GOV Huge News Up-list to OTCQB

www.sec.gov/Archives/edgar/data/1322587/000114420414044689/0001144204-14-044689-index.htm

As a result of its recent trading halts, the Company will be required to have a market maker file an application on Form 15c2-11 with FINRA in order to have its common shares trade on an OTC market other than the Grey Market on which it is currently trading. Once the Form 15c-211 is cleared, the Company hopes to have its shares trade on the OTCQB market. The Company has engaged a market maker to file the necessary application with FINRA. The Company intends to make a further announcement regarding its trading market once the application is cleared."