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His salary and his shares were paid by NBRI to him not by anybody else. His agreement is with NBRI and it is the responsibility of NBRI to pay the contracted sum. The $100,000 was paid by NBRI and the shares were issued by NBRI. Oddly enough he is the CEO so it's funny really. Does he have a meeting with himself to negotiate a deal with himself on behalf of himself???
$100,000 plus 5,000,000 shares for 2013 that includes some of his deferred salary.
So the JV partner have him $100,000 for his salary last year and the 5,000,000 shares he received wasn't dilution???
LMAO!!!!
The CEO has a home just south of the $700k range. How much of his own money has he put into this??? Funny how not only does he not put his own money I to this but he takes a salary out of the proceeds of toxic funding that is destroying the stock price.
Pretty much a double slap in the face. $100k salary in his pocket right??? How many .013 shares are sold to generate that money which doesn't even go to exploring???
That's almost 8 million shares right??? Just to pay him. LOL
Because real companies to public after establishing value, revenues and assets. That's why real companies trade on NASDAQ and NYSE. They have this crazy thing called listing requirements and continued listing requirements. They must meet criteria that establishes them as a worthy investment.
That's why 90% of them succeed and 99.9% of pennies fail. Buying into asset less, revenueless, toxic funded companies is not investing at all.
Do this. Take the last 2 year SP500 chart and put it with the last 2 year NBRI chart and you will get my drift. Blindly buying a SP500 stock would have returned you what??? Pretending to do DD establishing a belief that NBRI was a good investment returned you what???
Comprende? Real companies vs pennies. The comparison is real when you place the charts on top of each other. With no DD you are way up. With what you guys consider good DD you are over 90% down or buying more and more to try and average down.
1 purchase 2 years ago blind vs. "Educated" penny investment over and over and over to try and stay a I've water but still down.
No brainer really. Proven results equal good investment with minimal risk. Pennies equal throwing your money away 99 times out of 100.
The company went public because those who lead it didn't want to spend their own money or be responsible for any loans for it. Which speaks volumes as to their belief of the possible return on investment.
Keep on thinking that. Those investing now are paying for the rehab and will be wiped clean off the plate if/when any mining ever takes place. The pps and the O/S will never support anything but penny flipping and a reverse will be needed to "support liquidity and better reflect what is believes to be the true value of the company."
Save this post and then ask me later how I knew this so long before it happened.
This is an endless circle that never completes. "When this happens then that will happen". Problem is "this" never happens. And while one focuses on "this" the share price falls out from under them. Then, once any kind of realization sets in, the loss is so crippling that it's pointless to sell.
Welcome to penny stock 101. Buying and holding into a total loss while being mislead into believing that greatness is "coming soon" is how these companies exist. It minimizes selling competition from dissatisfied longs and ensures insiders/funders have sole access to new marks and volume created by press releases. Not only that, but old marks keep on buying all the way to zero.
This is not the NASDAQ, you can never utilize press releases or the word of a CEO. You go strictly by results if you want to invest long term or you play the swigs and scalp a few people along with the funders when they pull a quick pump and dump.
Let me ask you this. What does that miner know that you don't? What would the miner know about the progress that hasn't been released to the public? If that miner was aware there was no good and sold all his stock before it was reported would that be wrong?? Yes. If that miner knew there was good and bought stock before that release of info it would be equally wrong.
It's called buying/selling on nonpublic info. As long as this individual has no knowledge that isn't already public the purchase is fine. And I certainly wouldn't doubt at all that non officers are being encouraged to buy stock just like message board posters are.
I've known of many penny stock company employees who were encouraged to buy stock that was totally worthless but the CEO's were just as immoral to their employees as they were to their common shareholders.
if NBRI shows results it will be when the stock is under a penny not .20 so nobody will miss anything other than those who have never heard of it. Anybody already watching this train wreck will be a me to buy at prices well under .01
Perry was correct when he said the company and the stock are two different beasts. Penny stock investors need to understand and separate that as well. Unfortunately the best laid plans in penny land are often derailed because the only way to find their plan is to destroy those who buy the stock.
In other words, those who buy during the "building" phase aren't rewarded, they are wiped off the map. I've said a million times that if you lke a penny stock company wait until it performs and shows results. The stock price will be at it's all time low when that takes place be size they have to sell out their investor base to get there.
That statement is always met with resentment until it takes place exactly the way I stated. Individual investors always run out of money as the company raises the A/S and issues more and more shares. Limited money chasing unlimited shares never bodes well for commons but they refuse to see it because they are investing in a dream.
What do you anticipate Bruce? How many ounces, by when and pps estimate???
Okay. I do have a couple of questions for you. Not about your timeline opinions but your pps target.
1). What do you believe the O/S to be at the end of 2014?
2). What would the market cap be at .25?
3). Why do you believe that cap to be a realistic
Value of NBRI?
I always see people floating share price predictions with little or no knowledge on how to equate that pps to the value of the company and provide a logical reason why that number is believable, achievable and sustainable.
Okay so turnaround coming but no idea when. Mining starting but no idea when. So, no idea if or when turnaround will come or if or when mining will begin. Afraid to guesstimate because there will be more delays, lower share prices, more dumping and no gold sold.
Thanks.
It's pretty easy. I don't think any good will be mined and sold for revenue by NBRI. I don't think there will ever be a sustainable turnaround in the pps. I do believe each and even short term leveling and/or minimal gain in the pps will be hyped as the bottom, PR imminent, mining about to start, everybody about to be rich BS.
I'm on record with my beliefs. So, about a date that you expect mining to start. Ballpark timeframe is all so everyone can use both of our opinions and logic as a reference point.
This will be interesting because I'll never change my opinion. I am either right or I'm wrong. Others seem to want to just say NBRI IS AWESOME, ignore everything going on, ignore delays, to if funding etc but never actually provide anything other than "soon". LMAO!!!! That cracks me up because the pps drops 90% but nothing is wrong it's still just around the corner. It's always around that infinitely just out of reach corner.
When will the mining start. I'd like to see you put a date you expect NBRI to be mining good that will be sold.
Actually what we both have are beliefs. I believe I can accurately predict that this company will not provide any tangible value to shareholders. It's that simple.
Can you say all time low???? Can you logically explain why the pps would be sinking lower and lower the closer you perceive mining to be???? Here is a wild idea. Mining isn't near and funders are dumping because they know it, the company knows it but they preach mining in press releases so they can all make money.
Dreams sell stock, reality is ignored if there is a juicy story to believe in. Look around. Funders are dumping at any level making money while commons are buying at every down tick believing press releases. Funders holding millions of shares would hold for a few days and make bank like you Spanky.
Difference is they know what's going on and you only act as if you do. You buy the stock they will sell at any price because they don't want it. They stand to make more than all of you combined if they hold but only you are smart enough to be buying and holding??? Yeah, makes sense right???
Shutting sown Ruby cuts the funders heads off. That's not how penny stocks with toxic funding operate. They release news like clockwork and beat themselves into the ground. It's a cycle that repeats itself until the company can no longer raise operating funds. Too much money for funders and insiders. Audits and financials are expensive. Stop news, stop operations and the liquidity dries up, the company goes broke.
It's a juicier story to dump stock, pretend everything is alright, act as if the mother land is in sight and ignore the nose dive until it crashes in a ball of flames.
Aren't the agreements for 70% of the lowest average of the lowest 2 days out of the 20 days prior to conversion date???
In other words take the lowest 2 days out of the past 20, average them and then subtract 30%.
Unless I'm mistaken that's how I read it. I'll check again to be sure but the share issuances would be drastically higher if the pps continues to decrease. To the point of requiring a raise in the O/S as issued shares would be immediately dumped pushing the pps down further prior to the next conversion date.
It's called toxic funding for a reason. Each conversion results in dumping driving the price down for the next conversion which is immediately dumped driving the price down.......rinse and repeat. It's endless and it buries the pps regardless of what the company is doing.
The risk level here is actually higher now based on dilution, CD debt conversions and an out of control falling share price. All things that doom penny stock companies that rely on shares as a form of currency.
The only hope and prayer is that there is some mining before they go belly up just like the last outfit that spent millions without ever mining anything. Exploring and sprucing the place up is easy. Mining is not. I just don't see the financial viability going forward.
I'm sure some do but I see nothing here that hasn't been tried in The past the exact same way with absolute failure as the result.
But it makes a fun, juicy feel good fantasy of becoming rich off of a crappy penny stock company.
Short covering???? Not according to the shirt report. Although shorting this stock would be making people rich over the past year.
They are probably gone forever as it goes below .01 and then to double and triple zeros.
Certainly, doesn't matter the stock is down over 90% from the 52 week high and has yet to even begin to find a floor. Imagine how smart that is compared to limiting a loss back in the .10 range and allowing the stock to settle before actually buying back in under a penny.
I'd say one of those scenarios makes some sense and the other makes none.
Holding a stock into a total loss is one totally horrible investment strategy.
This is hardly the end of the dump
I have. The LA County Museum of Modern History. I'll have a looksie at the collection.
I am going to verify the location of the real gold represented by those reproductions Gary was holding.
Your claim is that they are locked in a museum somewhere out of sight because they are too priceless to be displayed correct???
The collection in the museum is unique.
NBRI is not unique.
If you accept that historic fact, everything else becomes irrelevant.
Wrong. What came out of the mine between the late 1800's and the early 1940's is irrelevent to NBRI ever mining anything from Ruby.
I do believe that facts need to be stated as facts and opinions stated as opinions. I think it is relevent that the photo had been suggested to contain Cliford holding real gold when, in fact it was not. I also find it odd that a poster would suggest the nuggets were the real deal when said poster also claims to have known they were not and that the actual real nuggets are locked away in a museum, too priceless for human eyes to see LOL.
Wrong I said be was holding fake mug gets which is 100% true. You said the nuggets he was holding were as real as you can get.
I deal in facts. It was stated the nuggets he held were "real", "the real deal" and that I was lying about them being fake. When it is shown that the nuggets he holds are reproductions it suddenly doesn't matter any more???
LMAO!!!!
Of course I do I back up what I say.
bedrockdreams.com
"NBRI geologist Gary Clifton holds museum reproductions"
That's a total lie the photo on The website clearly states he is holding replicas not the real deal. What is the benefit of lying about things like that??? He is not holding real gold nuggets, be holds replicas of real gold nuggets. That's a cold hard fact.
Too much working against them. Even if they did she I e and mine the commons of today would be wiped off the map by the toxic funding. It's sad to think that so many believe that no matter how low it goes it will bounce back if they mine something. By that time the O/S will be astronomical and it would be nothing but pump and dumps from the low to mid triple zeros.
The dynamics of the penny market are what people invest in. Good or bad these stocks never move based on news they love based on who holds stock, what they got it for and his fast they want or need to get out from under it.
That's the thing very few ever grasp.
Did you seriously just link to "Twitter" as some kind of validating DD???
You mean the guy who is holding fake gold nuggets???? I don't care who agrees or disagrees with me. Every penny stock company has people who try to validate them. The whole point to using stock as currency is to have a pool of believers who buy them my friend. They all do it. From good nuggets to sponges. I've seen it all.
It's just the nature of the beast when dealing with penny stocks. Thousands exist. I once did some research that showed 13 companies uplisted from the OTCBB/Pinks to a higher exchange over a 4 year period. When providing the ticker symbols of those companies on IHUB and asking if anybody had ever heard of them the response was 100% no.
So I the. Floated the question "how has nobody ever heard of the only success stories of the penny stock world over the last 4 years?" Nobody had an answer. It's very simple. Penny stocks that succeed and move on wee already successful when they were here, they never used stock promotion, never had a CD, no message board presence and no spam emails touting their greatness.
They all were here, were successful businesses and moved on after establishing a public presence, issuing stock to the insiders who built it and then uplisted right on out of here.
Not one single penny stock success story behaved like NBRI and thousands of others screaming about how great they are while their share price gets decimated and their shareholders get pick pocketed.
I'll say it a million times. If you blindly believe in a company that promises the stars but delivers nothing you will become a terminal victim of penny stock grifters. There are no successful pennies that behave exactly like all the unsuccessful ones. That's a simple fact.
Best advice ever when dealing with pennies. If it acts like the 99% who fail then it's a failure regardless of all the good things you read in press releases and hear on message boards.
Buyers here never outnumber the sellers at any level. It doesn't matter what one thinks of the possibilities, when the selling pressure outweighs the buying pressure on "good news" PR days then it's obvious that the "good news" is simply lip service meant to move converted stock out if the hands of funders and into the hands of people who actually believe the PR material.
This is classic penny book stuff. Text book behavior of companies going nowhere but providing a dangling carrot so they can continue is to use shares as currency.
If this is "not your typical" penny stock then they need to act like it. Currently they behave exactly like the thousands of other "over promise/under deliver" pennies that promise the sky but deliver morning.
NBRI is in the business of selling dreams to dreamers and nothing else.
There are no terms to dump the stock into the ground. Their agreements are for conversion prices and dates only. And they most certainly are out to make money so thinking they would never hold for a short period is a joke. I can sell 1 million shares at .01 today for $10k or for .10 in 90 days for $100k. No brainer. These guys are dumping like raped apes as if they can't get out from under this stock fast enough.
Hardly what you'd expect from a company on the verge of bling bling right??
Just watch and see. This is how one a kids being scammed. Follow the trail of money and shares. Insiders buying, funders holding means good things.
Stock price falling out from under you while you await your riches is how people get picked clean. They always make money no matter how much you lose.
Won't take long to see who is right here. Play swings if there are a couple P&D's left. If the pps evens out for a few days be volume drops off then it signals a short term P&D may be on the horizon.
90 days we know who was right and who was wrong. No excuses if not mining in 90 days this will likely be nearing .triple zero.
Again I'm saying why is a funder who holds converted stock at nearly .00 dumping today if gold is going to be coming out of the ground in less than 90 days????
You loan NBRI money because you have some kind of faith in them right??? They state good is coming in less than 3 months. So you dump your stock, decimate the share price and let commons buy under a penny and get rich while you barely eek out a profit???
That's not how it works. You claim I have researched the mine. I don't have to. Why??? Because the funder is already telling me what is going to happen. No mining of good in 90 days. If it was coming the funder would be holding not dumping and making 5-10 times the money.
You see, they are the ones who, along with NBRI, know what's coming. NBRI has to keep them informed be aside that's how they raise money. Lie to them and have them hold shares if no mining comes means you screw them over and you lose out on the only way your company is in business.
Funders not dumping is good. Funders dumping is bad. I know the schematics of penny stocks. Have researched them for over a decade. There are several things about them that never change and signal direction of the stock. This is tanking and isn't going to stop as long as people will dump at any price without regard for common shareholders or based on mining claims from the company.
My point on e again is that if the richness was proven they would have traditional funding and not toxic CD debt that demolishes common stockholders. Why would anybody destroy their own company value??? I'm curious why this kind of debt was chosen and the only real reason would be inability to secure traditional funding. That makes me question the ability of NBRI to mine and the validity of their claims on the amount of gold expected.
Funders dumping stock is ever a good sign. It suggests they don't believe the claims made by NBRI. If they did and mining was only 90 days away they wouldn't be dumping this into sub penny territory they would be holding for the big payday when gold starts coming out of the ground and the pps moves up right???
Wasn't last quarters dilution in the 40 million range??? That suggests increased levels of dilution and if funding is CD in nature that means more conversions at lower prices to satisfy payments. That's why it's called toxic funding. It buries common shareholders under massive dilution that quickly gets out of control with no stopping it.
Supposed releases of good news followed by massive selling pressure always means insiders/funders dumping shares into the volume. That begs the question. If the news is really good and not just lip service then why on earth or those "in the know" selling at such a perceived low price??? Dump stock at any price means nothing good is coming.
That's just how it works here. You sell stock into volume created by snake oil press releases while the uninformed masses scratch their heads in bewildered disbelief.