Replies to post #93293 on North Bay Resources Inc (NBRI)

[bobbies]

Price is1/4,000,000 of what it was three years ago. This is all you need to know other than the fact that the CEO has no idea what he is doing. Or, if you prefer, the CEO has engineered a successful scam.

For the most part all microanalysis about this company is a waste of time. In the end, pps is still .0005 and likely to go to .0001, followed by bankruptcy. All the links and speculation about this pos lead to the same ending.

[1manband]

That is incorrect. Tangiers has NINE notes, and they can convert the first $100K of each note. To compensate Tangiers for the note that has a higher balance than $100,000, they received an additional $150K that is immediately convertible at 70% of VWAP.

Deduct that amount still convertible (convertible!) at the original price, and add the $150K, they have over $1.8 million in convertible debt.

[Huggy Bear]

I have been correct about everything all along and I am not mistaken now. NBRI IS TOAST.

[es1]

Here is the link that proves you wrong. No way you can argue it either.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113390855

Let me highlight it for you....

$1.8M convertible debt is not accurate. Unless you want to count in the $800,000.00 or so that tangiers can convert at .0129.

So you are 100% correct unless we count the part that makes you 100% wrong.

Just because you think that the conversion price is higher doesn't mean it is "antidilutive"
Even at the exploded PPS that is still another 65M shares. or double the current OS

Those shares ARE convertible and NBRIS toxic death is being caused by $1.8M in convertible debt by your own admission

[MasterBlastr]

LOL so Tangiers can't even stuff their toxic paper in the fireplace . . .