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 June 6
    5 Jun 2014, 09:45 AM Reply Like
  • SFSJ
    , contributor
    Comments (300) | Send Message
    Newl let go green
    5 Jun 2014, 09:57 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs