Replies to post #33844 on Newlead Holdings Ltd. (fka NEWLF)

[Top Penny]

It really is something else, I've honestly never seen anything like it before. If they ever wish to operate as a legitimate company the dilution will have to stop at some point, otherwise they will never be taken seriously. Maybe they just don't care. It baffles me!

[Top Penny]

The reasoning behind the last reverse split according to the company was to be able to up list to the OTCQB. What a complete and utter lie!

HAMILTON, Bermuda, March 4, 2016 /PRNewswire/ -- NewLead Holdings Ltd. (OTC Pink: NEWLD) ("NewLead" or the "Company") announced today that a 1-for-300 reverse stock split of its common shares has been approved by the Company's Board of Directors and by written consent of the a majority of NewLead's shareholders in an effort to meet all the requirements to uplist to OTCQB marketplace. The reverse split will be effective upon commencement of trading today, March 4, 2016.