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Parliament still BOD of SFMI on Bloomberg website.
Paul Parliament on SFMI Board of Directors since 10/22/2012 -- see SFMI press release 10/22/2012. Chosen for his understanding of financial structuring and real estate development; stated he looked forward to help SFMI "insure unbridled success going forward". Shareholder and provided funds directly.
Love to hear what he plans to do to protect SFMI common shareholders.
If he could get control of GHDC he wasn't powerless, it would appear.
So they have a continued interest in preserving or recovering some value in SFMI? Otherwise, it looks a bit insider, how GHDC has gone up 1000-2000% from the lows, while SFMI shareholders are left twisting in the wind....
Was Parliament not on BOD of SFMI?
Why are $27,000 buy orders unfilled every day?
Interest should ramp with iOS app -- 1 year of unlimited texting for $14.99? Seriously? I'm gonna try it.
Point is, same board members, GHDC and SFMI, so they have responsibility toward SFMI shareholders. And I'm not talking about message board posters.
The extensive research behind planned drilling would certainly constitute intellectual property -- and detailed information certainly represents an asset.
Smoke wrote:
"I've repeatedly stated there would never be a bankruptcy by SFMI
That would cause a Criminal Action"
How is the current situation functionally or practically different than a bankruptcy?? Yes, you "stated repeatedly", so how can anyone rely on the substantive content of your remarks? Word games. Semantics. How is losing all assets any different, in common sense terms, than being effectively bankrupt? Parliament was on the board of SFMI, no? Ergo, I hope he is acting on behalf of SFMI investors in the same way he now postures heroic distancing from the Q family. He had equal responsibility to
Shareholders of BOTH companies.
Stalin not "Staling".
Why would he have power in GHDC but none in SFMI's fate?
Since board members of Goldland were also members of the SFMI board, I would assume same board members have some responsibility to restore value to shareholders of Silver Falcon as far as possible.
Mr. Parliament was also on the board of SFMI, unless I misunderstood? So I assume he would have equal responsibility toward shareholders of SFMI.
Heard there would be no bankruptcy.
Intellectual property remains.
The valuable ores are buried.
You made someone's day! Mine, for one.
Anyone care to place odds on shares of SFMI ever recovering to .005?
That news is recent and has not been fully processed yet, nor acted upon by some important investors: many are waiting to see what happens w/China markets and EU-Greece chaos over the weekend. Not everyone sees and acts on news in less than 24 hours. Maybe all news is old if it is even published, since someone had information to write the article?
It matters, because land can be re-purposes, and mission redefined. Yes, funding for mineral extraction would be nice, but there may be other ways SFMI could begin to repair shareholders. One person mentioned retirement of some of the excess issuance. There may be other things that could be done if SFMI owns the land.
Is land ownership separate from mineral rights, and does SFMI own part of the real estate of War Eagle Mountain (land vs. claims for ore extraction)?
Dated 6 am 7-8-2015, appeared today
News today - ASTI prelim report 233% quarterly revenue increase (Q2 v. Q1), and 100% YOY growth. Expectation of stronger sales in second half 2015. Sounds positive.
You're saying SFMI owns some claims of some value?
You're SFMI owns a few claims of value, today?
Who owns War Eagle Mountain?
If you don't know if Eagle even exists, how were you able to learn the exact details of their business proposal?
Thanks.
What do you guess such a deal might possibly bring oil and oil stocks down to? Seems like 20-30% haircuts have occurred on several in less than a month.... Already! I recall SSN at 1.50 not long ago, so that one's lost 50% in short order. Margin calls? And China chaos seems to have a hidden story behind it -- sort of like US in 2008. Wonder if it is related to their challenge to the dollar as the currency standard.
It's being bought and sold in equal proportion, no?
Sounds a competent analysis; thanks!
Well, whadda ya MEAN, nj?
Hope you're right, Carmine!!!
Hope you're right -- some other Aussie energy co's caught a bid Friday, and this one has such small volume that it would not take much to
Propel it.
To think I could be happy at .005...
Would be nice to see the .0002's taken out.
The $1 mark significance is something I became aware of after some companies I have invested in announced delisting notices unless they returned their share value to $1 within 180 days. The initial share price requirement may differ, but I am not a professional investor and cannot quote the exact requirements. I suggest investigate the NYSE and NASDAQ web sites for listing requirements, or ask a brokerage if internet searches do not answer your question. Hope you can find it easily.
Options activity driving this???
$1 minimum must be maintained, but also other requirements. According to my understanding.
ProfessorCUNY,
I share your detestation of reverse splits. One special case may be, however, when the result is a price above $10, which is a minimum share value for certain categories of professional or institutional investment. What do you think?
Bushwacher-- there was a plan to process ore for others, and talk of a permitting advantage retained by SFMI that would facilitate this plan. No idea what happened to that plan, but I hope the loyal shareholders will be treated honorably in resolution of the difficult situation.