NewLead +40%, gets restraining order stopping issuance of shares


NewLead Holdings (NEWL) +40.3% premarket after announcing it was granted a temporary restraining order against Ironridge Global IV prohibiting the further issuance of common shares in payment of dividends on series A preference shares.

NEWL says Ironridge is no longer entitled to conversions of the shares and will not accept further funds from Ironridge.

Comments (2)
  • jbassbia
    , contributor
    Comments (394) | Send Message
     
    D- Day for the shorts - Revenge of the long suffering longs - article link http://www.amp2012.com June 6
    5 Jun 2014, 09:45 AM Reply Like
  • SFSJ
    , contributor
    Comments (280) | Send Message
     
    Newl let go green
    5 Jun 2014, 09:57 PM Reply Like
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