North Bay Resources Inc (NBRI)

[es1]

Only thing you are forgetting is that they have not lost a thing and wont lose anything if NBRI closes down today.

What motive would they have for spending good money on a company that has no ability or intention to mine?

First off the VCs have been paid most if not all of their money back. here are just a few from the last 8k.

Typenex $280,000
the remaining amount is now $92,142.




Tangiers $750,000
the remaining amount is now $454,147.




WHC Capital $55,000
the remaining amount is now $26,101.




LG Capital Funding $33,000
the remaining amount is now $32,130.

So as you can see many of these notes are paid back already. The remaining balance is including interest etc.

Then you consider...

On April 6, 2015, the Registrant accepted a conversion notice from Typenex Co-Investment, LLC ("Typenex") ....
2,215,000 shares were issued to satisfy $1,938 of the outstanding principal and interest .....
the remaining amount currently outstanding on the Typenex Note, including accrued interest and other fees, is now $92,142.

Conversion at .0008
PPS at the time .002
While the amount paid off in shares was only $1938
The amount received by selling is closer to $5000

They have taxes to pay on those gains just like you and I so how do they do it?

They write off the $92000 they are owed when NBRI closes the doors.

The VCs have NO REASON to "help" NBRI.
NBRI helps them by going out of business and giving them the write off they need.

The VCs have not lost a thing.
Apply this to every note and you will see that every VC has already profited very well from NBRI Suckers.
The only thing left for them to do is push NBRI out of business so they can get the write offs they want