North Bay Resources Inc (NBRI)

[Blindsquirrel]

This post is wrong. Read the filings. Tangiers holds almost a mil in notes since 2011 and hasnt converted any of them. Their also accumulating shares not selling them.

http://ih.advfn.com/p.php?pid=nmona&article=62980927

Read the S-1. Tangiers is NBRI's underwriter. They are allys not enemies.

Tangiers is an “underwriter” within the meaning of the Securities Act of 1933 in connection with the sale of common stock under the Securities Purchase Agreement. Tangiers will pay us up to 90% of, or a 10% discount to, the volume weighted average price of our common stock on the principal trading market on which our common stock is traded for the five (5) consecutive trading days immediately following the advance date. In addition, Tangiers received 6,589,147 shares of our common stock, which were previously issued as a commitment fee under the Securities Purchase Agreement. Tangiers’ obligations under the Securities Purchase Agreement are not transferable.

http://www.sec.gov/Archives/edgar/data/1450524/000118518514001776/northbay-s1_070914.htm