Replies to post #103453 on North Bay Resources Inc (NBRI)

[24x7]

foxwoodsfan, How do you know they are "Toxic" How do you know the lender can convert at will and sell "DUMP" at will? A convertible note is only Toxic if the lender can convert when they feel like it and "DUMP" hard all at once. Otherwise it's just a high risk High interest rate loan. Also a 10% rate for HIGHLY RISKY business loans ISN'T high at all. I should know I play those in both directions.

Crazy isn't it, facts often are.
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GLTA

[FORDGT]

What about the billions in TOXIC DEBT?? Convertible notes:

Secured convertible notes payable with annual interest rate of 10%

Unsecured convertible notes payable with annual interest rate of 10%

Unsecured convertible notes payable with annual interest rate of 9.9%

Unsecured convertible notes payable with annual interest rate of 8%

Unsecured convertible notes payable with annual interest rate of 7%

Unsecured convertible notes payable with annual interest rate of 6%

Unsecured convertible notes payable with annual interest rate of 5%

Total Debt 1,513,941

HIGHLY TOXIC