Don't fault Tangiers for making their nickel on any S-1 draw lemon, they are still owed over 250K in convertible debt notes that they unwisely issued on set conversion prices ranging between .06 and .09
The notes were all issued in spring 2012 and they are all still underwater.
Tangiers I am sure is thankful when NBRI accesses the S-1. It is a cannot lose money way to instantly recoup some of those losses.