Friday, April 24, 2015 1:31:17 PM
What is the conversion rate?
.0008
What is the average PPS following the conversion date for 2M shares??
On April 6, 2015, the Registrant accepted a conversion notice
it took 4 days to create 2M in volume.
The lowest PPS was .0019
the highest .0029
Average is right around .0023
Now do the math
2,215,000 x .0023= $5094
At the highest...
2,215,000 x .0029 = $6423
At the low...
2,215,000 x.0019 = $4208
And what did I say?
"it is closer to $5k then $2K
Wrong.
In order for the math to work you have to understand a 30% discount on the lowest VWAP for a month and use the difference between cost and sales.
The only fantasy here is that NBRI has ANY value at all.
Please try again
And I will head off the only possible argument...
the 13th was not the day that the 2M were sold so don't try to make the math work on that one day.... it wont anyway.
The following weeks conversions are covered on a different 8k
Recent NBRI News
- North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • InvestorsHub NewsWire • 09/11/2024 01:15:00 PM
- North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, California • InvestorsHub NewsWire • 09/09/2024 01:15:00 PM
- North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • InvestorsHub NewsWire • 08/26/2024 02:00:44 PM
- North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • InvestorsHub NewsWire • 08/22/2024 02:28:03 PM
- North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • InvestorsHub NewsWire • 08/05/2024 01:00:00 PM
- North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • InvestorsHub NewsWire • 07/18/2024 01:00:00 PM
- North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 06/27/2024 01:00:00 PM
- North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • InvestorsHub NewsWire • 06/18/2024 01:18:44 PM
- North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • InvestorsHub NewsWire • 05/29/2024 01:03:34 PM
- North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • InvestorsHub NewsWire • 05/21/2024 01:07:26 PM
- North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/23/2024 01:41:02 PM
- North Bay Resources Announces Acquisition of 55.5% of Bishop Gold Mill, Inyo County, California • InvestorsHub NewsWire • 04/08/2024 02:38:35 PM
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