Past year: ▼ 43%(0.04c – 0.07c USD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Apr 2017capital raising announcement▼ BadMajor
Made further KBM, Typenex and Tangiers note conversions even after losing the Ruby Mine to foreclosure -- North Bay continued servicing legacy convertible debt with dilutive stock issuance with no remaining core operating asset.
14 Dec 2016capital raising announcement▼ Bad
Made a further Typenex note conversion; shares outstanding had grown to over 1.5 billion -- dilution continued even as North Bay's operating story had gone quiet.
17 May 2016capital raising announcement▼ BadMajor
Converted more of the Tangiers Master Agreement note; the filing disclosed North Bay now had over 1.3 billion shares outstanding -- a share count that had grown roughly a thousandfold from its 2011 base through five years of convertible-note dilution.
6 May 2016capital raising announcement▼ Bad
Made further RLS, Typenex and KBM note conversions after a several-month gap in 8-K filings -- the dilution cycle resumed in 2016 largely unchanged from 2015.
16 Oct 2015capital raising announcement▼ Bad
Made further JMJ and WHC note conversions.
11 Sept 2015capital raising announcement▼ Bad
Made further WHC, Tangiers and JMJ note conversions.
28 July 2015capital raising announcement▼ Bad
Issued a new $100,000 convertible note to Zaco Investments, funded in small tranches, to pay for restarting Ruby Mine operations -- North Bay was still trying to bring Ruby back into production even as its balance sheet kept deteriorating.
15 July 2015capital raising announcement▼ Bad
Made further KBM, JMJ and Typenex note conversions.
7 July 2015capital raising announcement▼ Bad
Made further JMJ, KBM and LG Capital note conversions.
17 June 2015capital raising announcement▼ Bad
Made further LG Capital, JMJ and KBM note conversions.
5 June 2015capital raising announcement▼ Bad
Made further Tangiers and JSJ note conversions.
29 May 2015capital raising announcement▼ Bad
Made further WHC and LG Capital note conversions.
22 May 2015capital raising announcement▼ Bad
Made further KBM, LG Capital and JMJ note conversions.
8 May 2015capital raising announcement▼ Bad
Made further KBM, LG Capital and Typenex note conversions.
1 May 2015capital raising announcement▼ Bad
Made further Tangiers, LG Capital and JMJ note conversions.
24 Apr 2015capital raising announcement▼ Bad
Made further Typenex, LG Capital and WHC note conversions.
17 Apr 2015capital raising announcement▼ Bad
Made further KBM, JSJ and Tangiers note conversions.
10 Apr 2015capital raising announcement▼ Bad
Made further Typenex, Tangiers and WHC note conversions -- the recurring multi-lender dilution pattern continued into April 2015.
2 Apr 2015capital raising announcement▲ Good
Received a $50,000 cash-and-stock earn-in payment from Ximen Mining under the Brett West option, one of the few cash inflows in this period that did not come from issuing convertible debt.
20 Mar 2015capital raising announcement▼ Bad
Made further WHC, Tangiers and KBM note conversions -- the same multi-lender dilution cycle continued through March 2015.
13 Mar 2015capital raising announcement▼ Bad
Nullified a small RLS share issuance at the investor's own request and made further KBM and Tangiers conversions -- routine housekeeping alongside the ongoing dilution cycle.
2 Mar 2015capital raising announcement▼ Bad
Converted pieces of the KBM Worldwide, WHC and RLS Premiere Financial notes -- RLS was a new lender added to the roster, even as the older Tangiers, JMJ, Typenex, LG and WHC notes continued converting in parallel.
13 Feb 2015capital raising announcement▼ Bad
Converted part of the JSJ Investments note, issuing shares equal to 4.9% of outstanding stock in a single conversion -- individual conversions were now bumping up against beneficial-ownership caps.
31 Dec 2014capital raising announcement▼ Bad
Fully retired the GEL Properties note and made a further LG Capital conversion, closing out 2014's financing activity with one more lender relationship ended and several others still running.
19 Dec 2014capital raising announcement▼ BadMajor
Converted more of the Typenex and Tangiers (now under the consolidated Master Agreement) notes into a combined roughly 236 million shares -- share counts needed per conversion had grown by orders of magnitude since 2011.
12 Dec 2014capital raising announcement▼ Bad
Fully retired the Union Capital note via a final share conversion and made further partial WHC conversions -- one small lender relationship closed out even as others continued.
8 Dec 2014capital raising announcement▼ BadMajor
Consolidated nine separate Tangiers convertible notes (about $794,000 aggregate principal, accrued since December 2011) into a single Master Loan and Security Agreement, extended their maturity to November 2015, sweetened Tangiers' conversion terms, and added a $150,000 forbearance fee to the balance -- a distress refinancing that rolled years of accumulated toxic debt into one larger, more expensive obligation.
1 Dec 2014capital raising announcement▼ Bad
Converted pieces of the LG Capital and Union Capital notes into over 73 million more shares.
24 Nov 2014capital raising announcement▼ Bad
Converted pieces of the Beaufort and WHC notes into over 64 million more shares -- the same accelerating dilution pattern continued into year-end 2014.
17 Nov 2014capital raising announcement▼ BadMajor
Converted pieces of the JMJ and LG Capital notes into a combined roughly 78 million shares for about $9,200 of debt -- North Bay was now issuing tens of millions of shares to retire a few thousand dollars at a time.
