Replies to post #49708 on North Bay Resources Inc (NBRI)

[Bruce the Stock Guy]

I would be willing to rephrase it should need be.<<<NBRI..Not necessary..Longs around these parts know whats up..

[Huggy Bear]

Are you implying I twist the filings around now? Sheesh. What is complicated about 1M being due for the Ruby note on Dec. 30th or before?

On the transaction closing date of July 1, 2011, the Company issued a promissory note to RDC for $1,990,000. The note, as amended, is due on or before December 30, 2015, and accrues interest at 6% per annum as of April 1, 2013, and 8% per annum as of January 1, 2015. As of September 30, 2013, all monthly payments have been paid, and the outstanding balance due on the note is $1,869,710, which includes a $160,000 extension fee pursuant to a mortgage modification amendment executed on March 28. 2013. In addition, a $1 million payment is due on or before December 30, 2013. As of the date of this report, the Company remains current in its obligations, and all monthly payments have been made on time. The note is collateralized with all of the assets associated with the Ruby Mine.
http://www.sec.gov/Archives/edgar/data/1450524/000118518513002367/northbay10q093013.htm