Replies to post #28929 on Newlead Holdings Ltd. (fka NEWLF)

[Dragenn]

You took the quote from the article not the actual transcript. Careful about what you read when it summarized.

Finally, NewLead could stop Ironridge from obtaining
common shares in satisfaction of embedded liabilities without
an injunction. As noted, Ironridge agreed to accept cash
instead of shares, ECF No. 6 & Ex. B. But NewLead has
refused to pay the cash, claiming it is not yet due. June 9,
2014 Tr. 68:16–69:18. Ironridge readily admits it will resort
to self-help and instruct the transfer agent to deliver shares
if NewLead does not pay.