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Cee-It

11/19/10 12:31 PM

#11020 RE: phrantic #11019

I have tried to look into the filing matter... it seems overdue (except for the factor of the current FEAR of PUBLICITY in the SEC). Why hasn't Lincoln Resources been approved?... could there be a simpler S-1? Except it is "connected to the NBRI" status.

FWIW, I was trying to see just how successful S-1 approaches have been when involving Tangiers Investors (just a hunch). There are a lot of the same conditions in tangiers agreements, but not a lot of them seem to get registered as fully reporting. I've not put enough into studying it to make a definitive statement, but the overall sentiments about those types of financing could be a factor. The SEC has clamped pretty hard on a few firms that were notorious in the convertible debentures market, which is causing me to wonder if it is no longer the NBRI S-1 but what might be happening behind the scenes within the SEC related to this whole matter of convertible debentures or specifically to Tangiers.... all in all it is just a WAG because there is not enough definitive information. SEC never tells and demands secrecy on such things... hence nobody ever knows.

Anyhow, the EB-5 might spring this whole thing without ever needing to uplist or to borrow from Tangiers.

GLTA