Silver Falcon Mining

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in response to ourigan's message

The Mill pictures are certainly impressive, but I cannot for the life of me understand how management can allow the share price to fall so low while helping themselves more mega shares. If SF has legitimate concentrate stored somewhere, I have a hard time believing that there is not some collateralized funding mechanism that could be used to buy back and immense amount of shares at this price. Something just doesn't add up. I was listening to a great interview by Jim Puplava today of Keith Neumeyer, CEO of First Majestic Silver, and Keith said over and over how important management is to containing costs and limiting the growth of outstanding shares. First Majestic has had tremendous growth has a little over 100 million shares outstanding and Keith talked about how careful the company is to only raise capital when the share price is high. In SFMI's case, management has personally loaded up on hundreds of millions of shares while the SP price has been EXTREMELY low in exchange for services of which one could question the value (i.e. PQ's son running the inadequate mill). Sometimes, I'm afraid Sinbob sounds like he's not far off the mark in that the Q's are enjoying the journey while we are not. Of course to really hit a grandslam, the Q's eventually need to get the SP way up, but by then perhaps they'll have another 500 million shares and we'll all have more diluted value.

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khaki
City
Washington DC
Rank
Treasurer
Activity Points
1261
Rating
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Date Joined
09/21/2010
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Silver Falcon Mining
Symbol
SFMI
Exchange
OTCBB
Shares
202,565,218 class A (3.88M- B)
Industry
Metals & Minerals
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