Optimism vs Integrity
That is what is being weighed here by everyone who does not want to lose their shirt. Investors want to see at a minimum return on investment, and certainly the stock price has not delivered.
Is this the specific fault of the CEO? Certainly not. However, it was obviously known that the last press release by him was going to send a very cold shiver through the stock price, given all the expectation that had been built up with the "Eight Weeks OR LESS" prediction from the prior release, none of which got delivered.
The last press release was one of the few reports that did not come out that had forward looking guidance with a timeline that never delivered. In fact, this release had a note of caution to it, that I think caused many here who were holding to not risk holding on for any more similar news. This is the first type of release that I have read, call it a Reality Check, that showed this.
The prior optimistic PR's could be kindly blamed on lack of experience or knowledge, others I am sure would call it a technique designed to inflate. Certainly if the CEO was as capable as everyone has equated him to be the sheer volume of what has turned out to be overly optimistic forward PR guidance that occurred would be able to be counted on one the fingers of one hand, and not all the fingers and toes put together!
This Summer is going to be very telling. If NBRI does not mine, the stock will certainly go sub-penny, and then head into oblivion with no ability to sell enough shares to pay its bills. One would have to believe that at the price that the stock is selling at now this will be difficult enough. More share dilution will certainly not aide any Investors here going forward, because those new shareholders who buy lower as a result of dilution can sell lower too than many already in, making their wait all the longer to get out with their initial investment not to mention a possible profit.
Unfortunately all the good wishes and hype of the CEO will not prevent this from happening; we are near the end of the rope. NBRI is going to have to produce a rabbit out of its hat, and soon, or this will certainly be sub penny and then gone before they have any hope of paying the bill on the Ruby in Dec. 2015.
GL - NBRI
