North Bay Resources Inc (NBRI)

[Spanky227]

First Foxwoods you can't add in the $18K/month plus the $15K per month CEO salary because the $15K per month CEO salary is part of that $18K/month PAN fee. Also the $15K/month portion of the PAN agreement which is Perry's salary is not fully paid out and there is $820,474.00 owed to him that hasn't been converted to shares yet.

Also we can't add in this years salary yet because we don't know what if anything Perry will make this year.
So if we play your game......
7 years X $18,000.00 = $1,512,000.00 - the $820,474.00 he is owed that would leave $691,526.00 over 7 years.

But even that isn't accurate because he has already converted 2 sets of back pay into stock, the most recent was last December where they knocked $180,000.00 off his owed pay and converted $180,000.00 into 5,000,000 shares also back in 2011 they converted $180,000.00 into 2,000,000 shares.

The total value of those shares today = $700.00.

A better way to put it is he hasn't received $1,180,474.00 of his salary minus the value of those 7,000,000 shares or $700.00.

How in the world anyone could come up with BS numbers that show the CEO has been paid over $1,000,000.00 is beyond my understanding and requires fake math.