Nothing really new for me to talk about today hillz, and nice day for shareholders trading up.
I said yesterday that I researched the whole 8-K section 10(a)(3) thing as best as I could and can see Perry's explanation - S-1 filings, if not on the automatic update (new financials uploaded) designation, have to be amended to include current 10-K audited financials if the offering is still effective and shares are being sold from the original prospectus. I try to get to the bottom of things without calling or emailing penny stock CEO's because their words are not Gospel to me and they are largely not accountable for them if not made in a public statement. Unless they are insider information which is a different bird altogether and I have never seen any evidence of that here at all.
All along I have said that Perry is good with his filings and ability to juggle conversions to minimize damage. Doesn't mean that I see fundamental value though.
Where it stands right now is that NBRI will have to restate a year and a half of filings and then perhaps put out a new S-1 for convertible debt funding for the Ruby, assuming that is still the gameplan. And there is going to be 57K of convertible JMJ debt which comes due Aug. 13. None of this is debatable because it is all spelled out in the filings. It is not a matter of opinion. What is a matter of opinion is how Johnny. Q. Market, in general, will react to these fundamental truths.
Hillz you know me a bit better than most here and hopefully realize I will criticize my own damn holdings as I do. I also do not rely on any CEO's words, I rely on filings and reality and dig and come up with the occasional really good find. You have seen it before. Even if the find is detrimental to my own position I see no reason not to discuss something that is reality and will come out eventually, anyway.
Appreciate your input as usual on all sorts of various matters, even when we disagree.