es1 - Good question? I have not even read the 10-K yet past the financial statements and the current liabilities accrued. Saving it for some weekend entertainment, NBRI is not going anywhere in the near future.
No new notes have been engaged for financing, correct, and all shares sold have been going toward the accrued debt, at least the interest portions of that massive debt.
Since the 10-K was info as of 12/31 and obviously there was not enough cash left to pay on the Ruby note (as we all knew) one can only guess what the status of the payment plan is.
Maybe the owners of the Ruby will let PL slide for a bit, after all it has been a sweet deal for them thus far.
But eventually I see them pulling the plug on NBRI and using any improvements made to the property to lease it to another nascent gold mining scam who will then burn their shareholders with the same stories of grandeur awaiting when in reality it is only good for luring in unsophisticated investment and enrichment of public company officers and their many affiliates, including promoters.
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