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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.
Judges just love for plaintiffs to tell them what their decision is in advance.
Cc
Is your position that you're providing a public service to other shareholders in disseminating objective information about Silver Falcon Mining?
So that could explain why material is not being processed until the pond is replenished by sufficient rainfall or other source. (?)
What is the relevance of the water pond that you say is dry for weeks?
It is not possible for a MM to do worse.
What exactly do you mean about the SEC putting a "chill" on the stock? Do you mean a temporary trading halt? Or a permanent trading halt? How is "a chill" defined, precisely?
Thank you for taking time to share this explanation, and for your insights.
Please outline the steps that could return this company to profitability and accountability, in your opinion.
Surely there is some path in the real world to turn things in a more positive direction, and get share price back to 1 or 2 cents -- WITHOUT any reverse split gimmicks.
Peggy, this clip gets my vote for most effective communication effort spanning years 1946 through 2014. I say 1946, because we still have to give Winston Churchill his due.
The data i can find do not show a 52-week high of $1.54 in the past year.
$00.0154 perhaps? Hasn't been 2 cents in a LONG time.
It seems widely agreed There needs to be more accountability to non-insider shareholders. There is a need for a change in the market-makers on the stock. The pre-arranged heavy discounts that appear to be open market trades, but actually exclude the rest of the retail market, and are co-ordinated between two parties at everyone else's expense, need to stop. The market maker needs investigation.
Cool. Thanks for explaining this.
Can anyone decipher whether there is a deliberate strategy going on to devalue the shares in order to avoid paying debts? Might they not achieve the same thing by taking action to allow the shares to appreciate in value, then sell some shares to pay their debts? Seems the company's officers need to "man up", and pay the company's debts out of their own pockets, if they want to attract another round of investors. Otherwise, how do they expect to resolve this unacceptable state of affairs?
I saw this once before in another stock, and it was my impression the CEO was not in full possession of his mental faculties, and probably should have been committed to a medical institution for full evaluation and treatment: the financial harm and distress he was causing to everyone was so great it warranted intervention.