is...looking for nuts
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Right now they own 100%. Lets keep it that way. We dont need EB-5 IMO.
And the bid keeps getting whittled down also. Its a race to the dead zone. Id LOL but this is not funny.
They should be forced to recuse themselves to get the true shareholder vote.
Go fer it. After the next RS what is now .0002 will be .000001 after they convert more debt into oblivion. Add a few more zeros to account for the last RS in January. This is a freakin nightmare.
From their last S-1 their current SEC attorney is Sichenzia Ross Friedman Ference LLP. They look to be pretty reputable. http://www.srff.com/
I just did a google search of all of their SEC filings and dont see Sourlis mentioned anywhere. OTCMarkets must be using very old information. NBRI reports to the SEC and not OTCMarkets like non-reporting stinky pinkies do. I dont think reporting companies pay much attention to the OTCMarkets website IMO. OTCMarkets is a for-profit site that pretends to be a regulator but really isnt. Theres no reason for a reporting company to pay their subscription fees. Do u know any that do?
Words of wisdom I have failed to learn and because of it have been banished by IHUB to only being allowed to post once a day there. Having one bullet a day is very frustrating and all too often that gets deleted after I call a spade a spade. I still dont get why he is even there 24/7 when mining is not his thing. The investment in sheer time spent reading and responding is phenomenal for someone who says he has no stake either way. I just dont get it.
On the same topic a question for the board --- in the past 10 years since NI 43-101 has become the standard for geo reporting has anyone ever seen a company issue a report that was only SEC Industry Guide 7 compliant and NOT a NI 43-101 report? I dont think Ive ever seen a pr from a company saying "XXX is pleased to announce the release of an SEC Industry Guide 7 report on our YYY property". This malcstone guy needs a talking to. LOL!
cork -- you will enjoy this one too.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91141626
It would be laughable if it werent for other people thinking he knows what he is talking about.
Agreed. Except he is not an investor in mining companies. He has no stake in NBRI yet spends an inordinate amount of time on the NBRI board bashing the company for everything under the sun for some unknown reason. NBRI sez in its prs that the SEC does not recognize NI 43-101 terms which is a disclaimer required by the SEC that you see on every mining company 8-K and website. So when NBRI releases a 43-101 report like it did a few days ago this guy distorts the disclaimer and says it is a scam and the SEC should investigate. LOL!
The sad part is and as you know a lot of people use IHUB as a "Cliff Notes" version of doing due diligence and believe this trash as being factual. Every time someone tries to set the record straight he ignores it and repeats the same spam. Or else the response calls him ignorant and IHUB Admin deletes it as a personal attack.
If a lie is repeated over and over and not refuted it becomes the truth. This guy has to be set straight somehow. So far nothing said in response has sunk in so I thought some of you can help out.
Can some Canadians here help educate a poster on the NBRI board who think NI 43-101 reports are a scam?
He seems to think that the SEC's Industry Guide 7 is superior because the SEC does not allow NI 43-101 reports to be filed in the US.
He says:
Quote:
--------------------------------------------------------------------------------
NI-43-101's aren't even recognized by the SEC and they would need to have an Industry Guide 7 to have an SEC compliant report.
--------------------------------------------------------------------------------
All attempts to set this guy straight have failed and he keeps spewing the same ignorant garbage.
A link to one of many of his messages is at http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91139366
TIA!
Can some Canadians here help educate a poster on the NBRI board who think NI 43-101 reports are a scam?
He seems to think that the SEC's Industry Guide 7 is superior because the SEC does not allow NI 43-101 reports to be filed in the US.
He says:
Are you suggesting that a professional geologist would risk his credentials and livelihood to sign off on the reports and also the pr that announced them? If a geologist signs a report that is false or misleading he faces severe penalties and loss of accreditation. Aint gonna happen!
Malc if you were the CEO how would you fund it? What you would do differently?
This aint gonna happen. A 1000 for 1 RS takes the OS down to around 1M shares but leaves the AS at 5 billion. Its only been 1 year since their last RS. I will be shocked if FINRA allows this. They might want to think so but this is not a done deal just because they want it to.
Property assets on a balance sheet are valued at their cost not their fair value. If you buy a property for $100 and it has $500M of gold in the ground then all you can capitalize is your cost of $100. Thats your basis. If you improve the property those costs can be capitalized to increase your basis. If you sell the property then your basis is what determines if you have a profit or a loss.
Look at the 10K for Newmont Mining. NEM has 99 million ounces of proven and probable reserves. Thats around $130 billion at these prices. You wont see $130 billion anywhere on their balance sheet. Total assets on their balance sheet is $29 billion and shareholder equity is around $17 billion. The market cap of NEM is only $15 billion. Any idea why?
If you called the CEO youd know instead of guessing. He says the SEC tightened up regs over equity lines since the first time they filed and equity lines now have to be irrevocable. The original deal gave Tangiers options to do things or not do things and the SEC said they has to withdraw the S1 and amend the deal to make it irrevocable and then file a new S1.
Thats why u first saw them withdraw the S1 last month and right after filed an 8K with the new deal which says
crickets
Agreed. Its good news imo2.
NBRI. New S-1 is out. http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001450524&owner=exclude&count=40
IHUB link to SEC filings looks to be broken. Saw this from the SEC link at the NBRI website.
Thank you! I know its the last thing you meant to do but you just proved the point that NRBI's CEO is a certifiable genius and the key to the companys success.
Your view is that a mining company CEO should have been in mining their entire life and only have mining experience and anything else is a red flag. I think that a mining company CEO that is well diversified in a number of fields brings a perspective to the job that serves us well in the long run. Add a dash of unique creativity to the mix and you have a combustable combination that spells success if everything falls into place.
Lets review.
The bio in NBRI's 10-K says:
If you reviewed that link and done any kind of DD you should retract your statements on the NBRI board. Kneejerk assumptions about pennyland CEOs are sometimes misplaced.
Never mind. Malc did it for me. ROFL!
Smitter or somebody could you post this link in reply to cyberbullymouse in msg #43387 on the NBRI board?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84677359
I can only post one msg a day there and my quota is gone. These bashers are really trying hard to tear down the CEO. Maybe one of them can put up their own resume to compare?
This is a mining company not a bank. Mining requires a ton of capital to get a mine into operation and producing revenue. If this horrifies you then move on.
A NBRI parable (deleted).
So there was this guy who got on a bus and found out it was not going anywhere he wanted to go. He doesnt have a seat cause he never bought a ticket. But instead of getting off he stays around and hassles the hell out of everyone else on the bus by telling them the bus is going to crash and says the bus driver doesnt know how to drive. The bus driver asks him politely to get off but the guy calls the bus company to complain and then brags to everyone that "I talk to the bus driver all the time". So he keeps telling everyone on the bus that its going to crash and that they are crazy to be on this bus to begin with cause he cant find the destination on the map so it cant possibly really exist. Everyone gets upset and yells "What are you doing here? Get out!" but the guy says "No! I'm trying to save you dont you see? I read the manual the bus company publishes and puts on their own website for everyone to read and it sez that buses are expected to reach their intended destination but there is no guarantee or assurance of that and if there is a crash you may die or worse. Even worse the company had to borrow oodles and oodles of money to buy the buses and now they might have to pay it back with stock that makes your bus tickets worth less and besides the buses stink and will never get you where you want to go cause they are always being delayed for one lame excuse or another". At which point everyone rolls there eyes and grits there teeth waiting for the guy to finally shut up or get off the bus.
Morale of the story: if you get on a bus with a stoner you need to wear headphones to ignore the noise. You know where your going. He doesnt.
Anyone notice this last month? We need to get a contact for the Microcap Fraud Task Force.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171624975#.UgJzjxbstjG
SEC Announces Enforcement Initiatives to Combat Financial Reporting and Microcap Fraud and Enhance Risk Analysis
FOR IMMEDIATE RELEASE
2013-121
Washington, D.C., July 2, 2013 —
The Securities and Exchange Commission today announced three new initiatives that will build on its Division of Enforcement's ongoing efforts to concentrate resources on high-risk areas of the market and bring cutting-edge technology and analytical capacity to bear in its investigations. The initiatives are: • The Financial Reporting and Audit Task Force dedicated to detecting fraudulent or improper financial reporting, whose work will enhance the Division's ongoing enforcement efforts related to accounting and disclosure fraud.
• The Microcap Fraud Task Force targeting abusive trading and fraudulent conduct in securities issued by microcap companies, especially those that do not regularly publicly report their financial results.
• The Center for Risk and Quantitative Analytics employing quantitative data and analysis to profile high-risk behaviors and transactions and support initiatives to detect misconduct, increasing the Division's ability to investigate and prevent conduct that harms investors.
"These initiatives build on the Division's unmatched record of achievement and signal our increasingly proactive approach to identifying fraud. By directing resources, skill, and experience to high-impact areas, we will increase the potential for uncovering financial statement and microcap fraud early and bring more cases aimed at deterring these types of unlawful activity," said Andrew J. Ceresney, Co-Director of the Division of Enforcement.
"The best investigative ideas usually come from the grass roots - staff in the field observing the market first-hand," said George S. Canellos, Co-Director of the Division of Enforcement. "A key objective of the Center for Risk and Quantitative Analytics will be to assist these staff members, bringing them analytical techniques and computing capacity with special expertise in data mining, and help them translate their valuable ideas into timely, thoughtful, and targeted investigations of national scope."
Financial Reporting and Audit Task
The Financial Reporting and Audit Task Force will concentrate on expanding and strengthening the Division's efforts to identify securities-law violations relating to the preparation of financial statements, issuer reporting and disclosure, and audit failures. The principal goal of the Task Force will be fraud detection and increased prosecution of violations involving false or misleading financial statements and disclosures. The Task Force will focus on identifying and exploring areas susceptible to fraudulent financial reporting, including on-going review of financial statement restatements and revisions, analysis of performance trends by industry, and use of technology-based tools such as the Accounting Quality Model. It will include Enforcement attorneys and accountants from across the country, working in close consultation with the Division's Office of the Chief Accountant, the SEC's Office of the Chief Accountant, the Division of Corporation Finance, and the Division of Economic and Risk Analysis. David Woodcock, Director of the Fort Worth Regional Office, will serve as Chairman of the Task Force, and Margaret McGuire, Senior Counsel to the Directors, will serve as Vice-Chair.
Microcap Fraud Task Force
The Microcap Fraud Task Force will investigate fraud in the issuance, marketing, and trading of microcap securities. These abuses frequently involve serial violators and organized syndicates that employ new media, especially websites and social media, to conduct fraudulent promotional campaigns and engage in manipulative trading strategies to amass ill-gotten gains, largely at the expense of less sophisticated investors. The principal goal of the Task Force will be to develop and implement long-term strategies for detecting and combating fraud in the microcap market, especially by targeting "gatekeepers," such as attorneys, auditors, broker-dealers, and transfer agents, and other significant participants, such as stock promoters and purveyors of shell companies.
The Microcap Fraud Task Force will build on the extensive and successful work of the Microcap Fraud Working Group - created in 2010 to bring together enforcement and examination staff with common interests in detecting and preventing microcap fraud - in amassing data, developing new approaches to investigations in this sector of the market, and forging relationships with criminal law enforcement authorities. The Task Force will not replace the Working Group but will differ from it in that it will consist of staff dedicated exclusively to investigation of participants in the microcap securities market. Elisha Frank, Assistant Regional Director in the Miami Regional Office, and Michael Paley, Assistant Regional Director in the New York Regional Office, will lead the Task Force.
Center for Risk and Quantitative Analytics
The Center for Risk and Quantitative Analytics (CRQA) will support and coordinate the Division's risk identification, risk assessment and data analytic activities by identifying risks and threats that could harm investors, and assist staff nationwide in conducting risk-based investigations and developing methods of monitoring for signs of possible wrongdoing. It will work in close association with other Commission offices and divisions, especially the Division of Economic and Risk Analysis, and provide guidance to the Enforcement Division's leadership on how to allocate resources strategically in light of identified risks. As a central point of contact for risk-based initiatives nationwide, CRQA will serve as both an analytical hub and source of information about characteristics and patterns indicative of possible fraud or other illegality. Lori Walsh, formerly Deputy Chief of the Office of Market Intelligence, will lead the CRQA.
The only news he wants is a confirmation from his broker that he sold his NBRI shares at .11 for 10% profit. Traders only become investors after they are down below their entry point. Once they break even they are gone only to sit on the sidelines as it goes higher and higher and higher and higher and higher. And then they can talk about their woulda coulda shoulda trade that got away from them. Seen it a million times.
Split adjusted it will get there soon enough if it isnt there already. Sad.
eggsactly.
Of course it can get worse. After the next RS those .0001s everyone wants will be the high for the year once the stock starts trading again and the conversions drive this right back to .0001. Split adjusted going back to the last one there are too many zeros to count. Anyone want to do the math on what the all-time high will be split adjusted after the next RS? Must be in the tens of thousands.
Just read the prs to get yur answers.
July 26
only chance for that to happen is after the next 1:200 split
It was all preannounced in an 8K 2 weeks ago.
http://ih.advfn.com/p.php?pid=nmona&article=58453318
If your theory is correct then please explain why NBRI was at .03 when the Tangiers equity line became effective in Jan 2011 and then the price ran up over 700% to .22 by July 2011 while they were selling millions of shares to Tangiers to pay for the Ruby acquisition?
Give him a short moustache and who does he look like? Scary.
What does mining and a diagnositic imaging company have in common? Nuttin honey. So if hes off promoting DIIG who is minding the store here?
Just went to the DIIG board to check out Geislers other shell.
Saw this:
Companys dont file amended 10K on their own. They do it after the SEC sends them a letter asking for an explanation of something and tells them to amend. This was the 3rd amendment. Sumthing is going on with the SEC methinks.
nice doo. LOL!