Bullboard - Stock Discussion Forum Northern Lights Resources Corp C.NLR

Alternate Symbol(s): NLRCF

Northern Lights Resources Corp is an exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where the company is in joint venture with Reyna Silver Corp.

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Northern Lights Resources Corp > Don't Buy Even at 1 cent until Convertible Note is Addressed

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Post by Predator2018 on Jul 07, 2022 1:56pm

Don't Buy Even at 1 cent until Convertible Note is Addressed

This management failed to realize that the key to attracting new investors in this company is addressing the Predatory Convertible Note. Without addressing it, anyone buying the shares or PP is acting out of ignorance.

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Comment by happy75 on Jul 11, 2022 8:13pm

Seems like a smart idea to me and not Predatory debt holder since no new shares have been converted since May 16 as of yet at least. Shares were converted at .0076c. Be a nice realized gain before split. ITG has been loading up too. Company has the joint silver venture that is all paid for by the other party and a million dollar bonus by end of next year. Good gold mine with a low float. Maybe I& ...more

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Comment by ValuePro on Jul 12, 2022 4:06pm

Exactly right! Predatory lending, sadly, is a fact of life in the world of exploration-phase mining companies. While it is not usually a health sign, neither is it a sign of near-term death. It's one of those "It depends" arguments. Each situation has to be weighed against a set of pros and cons. In this case, I'm it.

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Northern Lights Resources Corp