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It is mostly electronic these days and cannot be legal that visible best bids at 50% higher get by-passed so someone else can get shares at half price on the open market during normal trading hours.
Whether the buyer or market maker is in Hamburg or Timbuktu is no difference. The best bids have to be filled before the price can fall further. That has not been happening. It does need investigation.
How did ANYONE buy at 0.0001, when the ask was .0003, and 78 million shares were bid at 0.0002 when the trades at 0.0001 occurred. I don't call myself an expert, but i don't think that is legal. Who is the market maker who has been enabling this mischief for over two weeks now? Because i can't see how the electronic trading would sell shares at 50% below the bid, while leaving all the higher bids unfilled. Someone please tell me how that is even possible.
I totally understand everyone's frustration, even anger, but from my personal perspective, i pray that there is some plan by management to spare shareholders from further harm, and to demonstrate good faith by actions such as suspending or vastly reducing payments from SFMI to "goldcorp", and reducing officers salaries to a minimum until the key underlying problems are dealt with.
Who backed out when shown Ringer's history?
Possibly interesting to some, but not necessarily relevant to Silver Falcon
Mining Inc.
You're welcome!
Once again, today at 1 pm, 3 million shares exchanged hands at .0002, right after the same amount exchanged hands at .0003. The trade at .0002 "walked right over the backs of the dead", ignoring over 50 million shares bid at .0003. The same thing happened yesterday, in paired trades of 4 million each. The only theory that has been suggested, is this has something to do with some off-market inter-institutional trade designed to repay a creditor. So, what is new?
What is new is, i cannot understand why anyone would accept payment in shares that are nearly impossible to sell at the present time, if the company was about to be dissolved and all shares rendered worthless. It only makes any sense if the shares, in future, will have some capacity, however small, to appreciate in value.
Sellers don't agree to sell for only 0.0003, so the bids for 40 to 100 million shares remain mostly unfilled. How is it possible, then, that 4 million are sold for only .0002?
They seem to be 'trading ahead' of the bidders, or exploiting some technical glitch. I would like an explanation.
Once again, millions of shares traded hands at .0002, (1248h) when there were outstanding bids to buy over 66 million sh, offering .0003. Once again, the trade at .0002 does not appear in the daily range reported.
How does someone get past all those bids and get 4 million shares at a 33% discount, when there are offers to buy 66 million shares at .0003? And those much better bids remain unfilled?
This is the third time in a few days this happened. Requires explanation how it can occur, and whether it is legal.
What could be achieved w/ constructive action and real attempts to help SFMI recover?
The $1 million in lease payments does need re-examination, given the erosion of share-value. That at least should be suspended until the stock regains 5 or 10 cents value, IMHO.
Thank you for this clarification!
And yet, there are $30K in bids daily.
If the stocks are in "street name", then the brokerage is the holder for some purposes. I don't know if the company knows every individual holder, but i feel there may be more than 198.
Once again, 2 million sh traded hands at .0002, (1540 h) when there were outstanding bids to buy over 87 million sh, offering .0003. Once again, the trade at .0002 does not appear in the daily range reported.
How exactly does that work?!
It cannot be known how many shareholders are long, because in most accounts thru a brokerage, the shares are in "street name", not in the names of the individual owners of shares.
Looked like someone's secret code to another trader, as to what price shares could be gotten for.
Why are buyers wiling to invest $30,000 TODAY?
Different platform cannot explain this.
The published, visible bids at .0003 were there all day, and have to be exhausted before a bid for 33% less can be filled. Only a typo by a sloppy market maker, or "trading ahead" of other market participants, can explain this, and both events would appear to have to involve a human market maker. The electronic exchanges will always fill the best bids before far inferior bids.
I'd like to know how it is possible for 1 million shares to exchange hands at 0.0002, today, July 7 around 3:44 pm, when there were outstanding bids for over 75 million shares at .0003 all day.
Even on pink sheets, that should not be possible, according to my understanding.
I don't know what exactly is being done to advance the mine -- but i'd like to hear what is currently being done to advance the Silver Falcon mining by the executives.
Despite everything that has been said, the same objectives could be reached if the share price goes up, as would be achieved thru more dilution.
20 million shares exchanged in 3 lots in 40 seconds. Maybe "cash" means a non-electronic transaction that is then later reported to the exchange as having occurred.
Thank you for your patient explanation. I hope they will take appropriate actions to bring some things together to get back to mining.
Gee, it's not even lunch time in Idaho yet. I can hardly wait for the next exciting news.
But seriously, i wish someone would explain why SFMI has to pay a lot of money to mine claims that are unpatented. What is the patented versus unpatented significance as it affects Silver Falcon?
Re: "Earll would require complete control of the Operation
SFMI would have to pay Earll to obtain the Claims SFMI needs to move forward
Being so close to the situation as close as anyone could possibly get I find the conversation very amusing and completely baseless and without any real or logical merit
It's a bigger fantasy then the one Created by Pierre Quillliam,Jack Ringer and Rich Kaiser
You can believe that or not "
Never underestimate the importance of fantasy in our lives.
There must be no reverse split. Only a rebuilding from fundamental improvements would be acceptable.
And that IS possible.
Won't take off until it breaks above 0.0017.
A Midsummer Night's Dream!!!
Some person or pair or group is generating over $5000 a week buying and then reselling a .0001 move. If you look at actual trades, only small percent are bought at .0003. Most exchanged at .0004, including today. The situation is a "treading water" situation. A major investor who has insight into how to turn things around, and the power to do implement the right changes, could step in and move this in the right direction. IMHO.
The stock is possibly preparing to reverse direction after today's high volume, and may have completed a complex multi-wave Elliott cycle.
Looks like a coordinated trade between two parties that overrides the bids of any individual market participant. Day after day. So demoralizing. Some market maker also reports trades several minutes after 4pm EST. As if these trades were not done by computer. (!)
It's all very strange and inscrutable.
Oh, really? Who is in jail?
Those trades of trivial amounts of shares have seemed, for months, to be some sort of code to indicate what price two parties will exchange large blocks of shares for later in the day. No one else gets a fill at those prices -- only the ones close to the market maker, apparently. Anyone else has to pay 25% more: then the price immediately falls back down 25% to 0.0003. But no retail investor can get a sensible amount of shares at that price. These are not trades of anyone paying a commission. They appear to be a signal to someone -- what price they can get a large block of shares for at a discount later that day.
This is the only theory i have for this nonsense.
That is also my understanding. But in actual practice, there are no affordable remedies available to very small individual investors. No
competent securities attorney has the time of day for anyone who lost less than $100,000 minimally, of which they figure to take 33-40%. And the S.E.C. acts on behalf of the government, i think, but it's not clear what they can do to "make whole" individual investors. Maybe in a high profile case, investors get something back, but probably only a small fraction of what they lost after a multi-year wait. Better to put shareholder pressure to get the company on the right path to future profitability, if that is possible.
But conversely, negative rumours are spread when some factions want shares at an unfairly cheap price -- just like October 1 2008 when false news was published that Steve Jobs had died, so that those responsible could snap up shares at $92 instead of $160-180. People selling short can drive negative rumours, though i'm not saying that is the case here. Business rivals can spread negative news. Financiers who have terms that let them buy shares at a discount to the lowest price traded in the past 30 days have a motive to drive the price to zero. I suspect that in this case. Different factions have different agendas, is all I'm saying.
Suppression of positive news occurs when the cognoscenti are accumulating shares before releasing any news that would tend to drive up the share price. Generally speaking. Not this case in particular.
Someone is able to buy over 5 million shares at 0.0003 after 3 pm every day, but retail investors cannot really buy at that price. So, something is not right in the way orders are handled. But wouldn't the people who are able to rig things so that THEY - and no one else - can buy millions at 0.0003, would they not be motivated to put pressure to bring that share price up after they have bought? Seems like if the mandatory leasing fees to Goldland were stopped, and salaries and personnel were re-configured based on performance, then Silver Falcon might have a chance?
Someone(s) is/are prepared to invest $24,000 today even in current conditions?
Wouldn't a mining site moving piles of rocks want to stop operations for safety reasons when civilians were walking around inspecting everything? Would it make sense for them not to run all the equipment and waste electricity and a lot of fuel, until they have lined up enough material to process efficiently from third party tolling contracts? Would the implementation of their closed leaching circuit diminish the importance of the open pond?
Just try to buy at 0.0003. -- as an individual retail investor. Good luck getting a fill -- for any substantial amount of shares. The trading of shares and the market making in this has been apparently rigged for quite some time, with "signaling" going on day after day thru suspicious trades in amounts of 666, 911, 6666, and similar "codes" between corrupt players -- but that is a separate issue from their mining activity. Bear in mind some financiers got terms to include the right to buy stock at a set discount to the lowest SP at which it had traded in the past 30 days. Those loan terms rewarded any sort of manipulation to drive the stock downward, in an inexorable calculus to zero.
Blame predatory lenders in equal measure to everyone else you are pointing a finger at. Why not repay yourself by buying in large volume here, and try to genuinely and constructively contribute to the recovery and future healthy functioning of this company. Purely a whimsical suggestion, NOT constituting any form of financial advice. Math problem: How many shares does Jack need to buy from Jill at .0005, to generate $800,000 if shares are later sold for 1 penny?
One can be destructive, or one can be constructive -- it's a choice.
Transcend being a helpless observer of disaster. That is my personal goal in terrible times.