Replies to post #29615 on North Bay Resources Inc (NBRI)

[Bruce the Stock Guy]

$NBRI..I'm sure its just an honest mistake..Change the subject!>>>>Dilution is the issue and the topic of our conversation. In earlier posts you stated that the most recent YOY dilution figures were at 27%. By my calculations it is at 4%. Mmmmm, that's a pretty stark difference and I just want to clarify the discrepancy.

[rarefind]

Authorized Shares: 250,000,000
Shares Outstanding: 101,736,111 as of December 20, 2012
Float: 75,211,951 as of December 20, 2012


Shares Outstanding: 97,907,771 as of January 31, 2012
Float: 66,682,799

[gemstone57]

NBRI...are you trying to confuse him with FACTS...LMAO

I have tried in the past and quickly the subject changes and twists.

[Huggy Bear]

My year over year calculations for shares outstanding come directly from what was stated in the 2011 10-K and the 2012 10-K.

Thats a 27% increase YOY for the fiscal year. The Tangiers notes funding the company in 2012 have not been converted being as they are underwater, all except for the last note from the summer, and will, at some point, convert.

Its not like the dilution dried up Ryan, its just been delayed. And more convertible debt financing will be necessary to continue to fund the company until such a time as the company earnings can fund operations. Hypothetically, remains to be proven.

Over 1M will need to be spent on keeping the Ruby lease in 2013 and either the company elects to take out more convertible debt for that fiscal obligation or surrender the lease.