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

Alternate Symbol(s):  NLRCF

Northern Lights Resources Corp. is an exploration and development company. The Company is engaged in advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona and Caldera Copper Project located in Lincoln County, Nevada. The Secret Pass Gold Project totals over 271 hectares (ha) comprised of one State mineral license (212 ha) and eight Bureau of Land Management mineral... see more

CSE:NLR - Post Discussion

Northern Lights Resources Corp > INCREDIBLE DESTRUCTION OF VALUE
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Post by Predator2018 on May 17, 2022 11:55pm

INCREDIBLE DESTRUCTION OF VALUE

This management basically destroyed this company with a promising asset with just one crazy financing agreement with this highly dubious convertible debt holder who converts and dump to crush the share price in an unrelenting manner. Mind boggling indeed.
Comment by Goldy63 on May 18, 2022 7:10am
Agreed. 
Comment by stockman2021 on May 18, 2022 5:24pm
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Comment by realty on May 18, 2022 9:00pm
Stockman and Woodwise, You both are ignorant as ever.  The debt holder can continue to smash the price and collect "even more shares" the lower the price is when the debt holder redeems.  All the debt holder has to do is smash the share price down as low as he can get it and then redeem for shares.  The debt holder can probably redeem for 50-70 million shares right now ...more  
Comment by stockman2021 on May 19, 2022 3:35am
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Comment by realty on May 19, 2022 6:59am
Yes, that is correct.  I am blaming a debt holder.  Manipulation of the market happens by people for personal gain.  What I explained here is fairly simple, straight forward and easy to understand.  If you are suggesting that the drill results are bad then I suggest that you compare them to other exploration companies and the industry average.  Here are those drill results ...more  
Comment by stockman2021 on May 19, 2022 3:39pm
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Comment by happy75 on May 19, 2022 9:43pm
IMO and only MY OPINION but this 14 million shares could be bennifacial. They were good drill results but 2 people seemed to have wanted out and tanked it. Maybe they seen this coming but we don't know anymore as they don't have to report on sedi. But if the stock prices after the consolidation the share price could go quite a bit higher. It went up to .065 giving it a MC of about $7 ...more  
Comment by Totalmetalhead on May 18, 2022 7:55am
House cleaning being done before the sale of the company?
Comment by Backstreets on May 18, 2022 8:53am
Mind numbing play. Actually has gold in the ground and a promising silver property yet collapsed to .005. Now they do a rollback with only 140 million o/s. Will probably be trading around .05 after 10-1 rollback. To put things in persepctive it will have to go all the way up to .60 to reach the pre-roll .06 shareprice only a few months ago. Completely jammed exisiting shareholders and will make ...more  
Comment by Predator2018 on May 18, 2022 10:47am
I rarely havent seen anything like this too in more than 20 years. It stinks to a point that it feels like a scam or fraud is being committed with this convertible debt holder.
Comment by happy75 on May 18, 2022 11:22am
  yes it does. Who rolls at a 10-1 with 140 million shares absolutely insane. 
Comment by Joe455 on May 18, 2022 5:19pm
It doesn't pass the stink test.
Comment by stockman2021 on May 18, 2022 5:23pm
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