InvestorsHub Logo

Huggy Bear

04/02/15 9:26 AM

#92346 RE: Spanky227 #92344

Because none of us have seen any new notes engaged for financing. NBRI still owes the VC's well over a million.

foxwoodsfan

04/02/15 10:07 AM

#92349 RE: Spanky227 #92344

Uuuuum yeah. They haven't pulled any additional tranche funding for operating or if they did they didn't report it and since that is a material event that would be screwed if they did without an 8K.

Also, this "credit line" you keep referring to is just more toxic discount convertible financing so why not call it what it is.

The Tangiers note has been rewritten, have you read it? When they encumbered all of the "assets" they sweetened to pot for themselves. PL had no choice but to agree.......NO CHOICE.

All these VCs have a very slim chance of recovering what they are already out, what makes you think anyone will give them more funding?

es1

04/02/15 10:35 AM

#92353 RE: Spanky227 #92344

link?