North Bay Resources Inc (NBRI)

[foxwoodsfan]

I've said it a couple of times. The worst thing the company can do right now is go silent. They've put out a bunch of filings lately and haven't followed up with any type of press release. The filings have all been in regards to dilutive financing deals and the latest filing was a 10-Q, the only thing they have done besides filing is put up a couple of pictures.

In my opinion they screwed the timing of this up badly. Tuesday or today should've been some type of press release indicating the exciting stuff going on. This would've softened the dilution filings and kept the retail herd interested and when the ugly 10-Q comes out retail wouldn't focus on it. They say yeah we already knew about the dilution but what about all the good things going on.

Because of the lack of positive news, support is being tested again. If .01 support gets broken you'll start to see a lot of stop loss triggers (like mine). Then the VWAP goes down and if they pull another tranche the shares are out at an even lower price and higher quantity, and so on and so on. That's how the price can quickly spiral out of control.

There's a method to this that some senior managers just don't get. You can have dilution and still protect the share price. It's all about timing and retail perception.

They really need to get some positive news out quickly.