Gold 906.80 +20.80

Spot gold up to $10.60 @ $897. SFMI management expects the mill to be fully operational very soon.

...will warrant exciting announcements. "

( From Tuesday )

Silver Falcon Mining, Inc. (SFMI) Updates Melba Mill Progress
9:46a ET January 27, 2009 (Market Wire)
Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) and Deep Rock, Inc. today released a joint communication detailing progress on the Melba Mill Project.

As of January 23, 2009, Deep Rock, Inc. successfully completed all their contracted obligations to the Company over its new mill in Melba, ID. Silver Falcon Mining is thankful to Mr. William Martens, the head of Deep Rock, Inc. for his selfless dedication in bringing together all the various components on this state-of-the-art mill and preparing it for final assembly and startup. SFMI wishes Mr. Martens well in his future endeavors.

Starting immediately, Silver Falcon Mining has retained the services of an experienced mill engineer who will be calibrating and ramping up the production at the mill. The Company anticipates maximizing mill output on a 20 hours per day operational run-rate.

The Company also retained the services of a general manager of operations whose duties will be to coordinate and supervise the production of both the mill and the mines of War Eagle.

Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "We are now coming into the second phase of our project in Idaho and we expect to be in revenue from our War Eagle operation as well as expansion of our mining sector." He further adds, "During our continued evaluations of the War Eagle property, some new developments have come to pass and will warrant exciting announcements."

Silver Falcon Mining, Inc. is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.

It's like the yin and the yang of the market I suppose :)

Transparency is something we pride ourselves upon. If you have any questions you can contact the office tomorrow.

SFMI, it has been on our radar since Monday.

CPHD 8.30 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34815057

Nice. I'll add it to the ibox on as a contribution on your behalf.

Lots of good case information located here :

http://www.kccllc.net/fremontgeneral

Lots of fine print ... UNITED STATES BANKRUPTCY COURT
CENTRAL DISTRICT OF CALIFORNIA
SANTA ANA DIVISION
In re:
FREMONT GENERAL CORPORATION, a Nevada
corporation (Tax I.D. #95-2815260),
Debtor.
Case No.: 8:08-13421-ES
Chapter 11
NOTICE OF BAR DATES FOR FILING PROOFS OF CLAIM
Date Case Filed: June 18, 2008 (the “Petition Date”)
BAR DATES, CLAIMS AND SCHEDULES
On September 4, 2008, the United States Bankruptcy Court for the Central District of California, Santa Ana
Division (the “Court”) entered a Stipulated Order (the “Bar Date Order”) in the chapter 11 case (the “Case”) of the abovecaptioned
debtor and debtor in possession (the “Debtor”) in accordance with Rule 3003(c) of the Federal Rules of
Bankruptcy Procedure (the “Bankruptcy Rules”) fixing the following deadlines (collectively, the “Claims Bar Dates”, and
each, a “Claims Bar Date”):
a. November 10, 2008, at 4:00 p.m. (California time) as the last day for the filing, with the Clerk of the
Court, of proofs of claim in the Case for all claims against the Debtor arising on or prior to the
commencement of the Case on the Petition Date (the “General Bar Date”), other than those claims
specified in paragraphs b through f below.
b. December 10, 2008, at 4:00 p.m. (California time) as the last day on which a proof of claim may be
timely filed by any entity—such as a guarantor, surety, indorser, or other co-debtor—that is authorized to
file a claim under Bankruptcy Code section 501(b) and Bankruptcy Rule 3005.
c. December 15, 2008, at 4:00 p.m. (California time) as the last day for all governmental units, as defined
in section 101(27) of the Bankruptcy Code, to file, with the Clerk of the Court, proofs of claim in the
Case for claims against the Debtor arising on or prior to the commencement of the Case on the Petition
Date.
d. The last day to file a proof of claim for a claim against the Debtor arising from the avoidance of a transfer
under chapter 5 of the Bankruptcy Code, is 4:00 pm (California time) on the later of (i) the General Bar
Date, i.e., November 10, 2008 or (ii) the first business day that is 30 calendar days after entry of the order
authorizing avoidance of the transfer.
e. The last day to file a proof of claim for a claim against the Debtor arising under section 502(i) of the
Bankruptcy Code with respect to the assessment of certain taxes, is 4:00 pm (California time) on the later
of (i) the General Bar Date, i.e., November 10, 2008 or (ii) the first business day that is 30 calendar days
after such tax claim arises under Bankruptcy Code section 502(i).
f. The last day to file a proof of claim for a claim against the Debtor arising from the rejection by the Debtor
of an executory contract or unexpired lease, is 4:00 pm (California time) on the later of (i) the General
Bar Date, i.e., November 10, 2008 or (ii) the first business day that is 30 calendar days after the date of
service of any order authorizing the Debtor to reject such contract or lease, unless the order authorizing
2
the rejection of such executory contract or unexpired lease or another order of the Court provides for an
earlier date in which case such earlier date shall govern in all respects.
The term “claim” as used in this Notice has the broad meaning ascribed to it in section 101(5) of the Bankruptcy
Code, which includes any right to payment against the Debtor’s estate, irrespective of whether it is based on the Debtor’s
primary, secondary, direct, indirect, fixed, secured, unsecured, contingent, guaranteed, disputed, undisputed, liquidated,
unliquidated, matured, unmatured, legal or equitable liability, or otherwise.
The Debtor’s Schedules of Assets and Liabilities (collectively, the “Schedules”) may be inspected at the Office of
the Clerk, United States Bankruptcy Court, 411 West Fourth Street, Santa Ana, CA 92701 or online at either
http://www.kccllc.net/fremontgeneral or through the Court’s PACER service at https://ecf.cacb.uscourts.gov/. If your
claim is listed in the Schedules and is not listed as disputed, contingent, unliquidated or unknown, your claim is deemed
filed in the amount set forth in the Schedules, and the filing of a proof of claim is unnecessary if you agree that the amount
scheduled is correct and that the category in which your claim is scheduled (secured, unsecured, priority, etc.) is correct.
If a liability based upon the same facts and circumstances is listed on the Schedules more than once (i.e., there are
duplicate listings), you will be allowed only one recovery on your claim. Whether or not your claim is scheduled, you are
permitted to file a proof of claim.
Except as set forth below, each creditor and recipient of this Notice and their respective agents and attorneys have
an affirmative duty to review this Notice and timely file any proof of claim on or before the applicable Claims Bar Date or
be forever barred from filing or asserting any such claim. Each creditor and recipient of this Notice is personally
responsible for reviewing this Notice and timely filing any proof of claim and should not rely upon their respective agents
and attorneys to meet the deadlines specified in this Notice.
INSTRUCTIONS FOR FILING PROOFS OF CLAIM
AND CONSEQUENCES FOR FAILURE TO TIMELY FILE A CLAIM
If you wish to assert a claim against the Debtor, you must file a proof of claim:
(a) if your claim has not been listed by the Debtor in its Schedules;
(b) if you disagree with the amount of the claim scheduled by the Debtor in its Schedules;
(c) if the Debtor has scheduled your claim as disputed, contingent, unliquidated, or in an unknown amount;
(d) if you believe your claim to be a secured claim, and the Debtor has not so scheduled your claim; or
(e) if you believe your claim to be entitled to priority under the Bankruptcy Code, and the Debtor has not so
scheduled your claim.
If you wish to file a proof of claim in this case, please use the proof of claim form included with this Notice rather
than any other proof of claim form that you may have received previously. However, if you have already properly filed a
proof of claim with the Clerk of the Bankruptcy Court prior to the receipt of this Notice, you do not need to resubmit your
proof of claim.
Except as otherwise provided for or specifically excepted herein, all proofs of claim must be filed so that they are
actually received by the Clerk of the Bankruptcy Court by 4:00 p.m. (California time) on or before the applicable Claims
Bar Date. Proofs of claim may be filed by mail, in person, by courier, or by using the Court’s CM/ECF electronic filing
service. (For more information on electronic filing, go to http://www.cacb.uscourts.gov.)
To submit a proof of claim in person, by mail, or by courier, such proof of claim should be submitted to the
following address:
United States Bankruptcy Court
Attn: Clerk of the Court
411 West Fourth Street
Santa Ana, CA 92701
3
Proofs of claim submitted via fax or e-mail will not be accepted. Do not send proofs of claim to the Debtor or the
Office of the United States Trustee.
The following claims are not required to be filed on or before any of the Claims Bar Dates:
a. claims properly filed with the Clerk of the Court prior to the mailing of this Notice;
b. claims listed in the Debtor’s Schedules, if the claimant does not dispute either the amount or
manner (e.g., priority status) in which its claim is listed in the Schedules and such claim is not
designated therein as “contingent,” “unliquidated,” “subject to adjustment,” “disputed,” or
“unknown” (or assigned a zero amount); and
c. claims arising on or after the Petition Date.
Should the Court, in the future, fix a date by which these excepted claims must be filed, you will be notified.
If you fail to timely file a proof of claim in accordance with the applicable Claims Bar Date, and your claim
is not scheduled, is scheduled for $0, or is scheduled as disputed, unknown, contingent or liquidated in the
Schedules:
a. You will be forever barred from:
(1) participating in the Debtor’s chapter 11 case;
(2) voting with respect to any chapter 11 plan filed in this case; and
(3) receiving any distribution under any chapter 11 plan that may be confirmed in this case.
b. You nevertheless will be bound by the terms of any chapter 11 plan that may be confirmed in this
case; and
c. You will receive no further notices or mailings in this case.
The Schedules and/or the Bar Date Order may be examined and inspected by interested parties during regular
business hours at the office of the Clerk of the Court at the above-listed address, and are available online at either
http://www.kccllc.net/fremontgeneral or through the Court’s PACER service at https://ecf.cacb.uscourts.gov/. Creditors
that wish to rely on the Schedules shall have the responsibility for determining that their claims are accurately listed
therein.
After the applicable Claims Bar Date, except as set forth in the next paragraph of this Notice, a creditor may not
amend a claim deemed filed on its behalf under Bankruptcy Code section 1111(a) by virtue of that claim having been
listed by the Debtor on its Schedules, or as listed in any supplements or amendments thereto.
The Debtor may amend its Schedules as a matter of course at any time before this case is closed, and if the Debtor
amends its Schedules, in accordance with Bankruptcy Rule 1009(a), the Debtor will give notice of the amendment to any
affected entity. If the amendment to the Schedules reduces the liquidated amount of a scheduled claim or reclassifies a
claim that was scheduled as undisputed, liquidated, and non-contingent as disputed, unliquidated, and/or contingent, then
– solely with respect to the claim that was subject to the amendment to the Schedules and only to the extent its proof of
claim does not exceed the amount in which its claim was scheduled before the amendment – the affected claimant may
timely file a proof of claim on or before the later of the following two dates: (a) the General Bar Date; or (b) the first
business day that is 30 calendar days after the mailing of the notice of the amendment to the Schedules. No extension of
time is permitted if an amendment to the Schedules increases the scheduled amount of an undisputed, liquidated, and noncontingent
claim.
If a timely filed proof of claim is transferred, then in accordance with Bankruptcy Rule 3001(e), the transferee
must both (i) file a notice of transfer of the claim or interest (a “Notice of Transfer”) with the Clerk of the Court, and
(ii) serve a copy of the notice of transfer on (a) the Debtor’s proposed bankruptcy counsel at the following address:
4
Stutman, Treister & Glatt, P.C., Attn: Theodore B. Stolman, Esq. and Scott H. Yun, Esq., 1901 Avenue of the Stars, 12th
Floor, Los Angeles, CA 90067; and Patton Boggs LLP, Attn: Robert W. Jones, Esq. and J. Maxwell Tucker, Esq., 2001
Ross Avenue, Suite 3000, Dallas, TX 75201-8001; and (b) counsel for the Official Committee of Creditors Holding
Unsecured Claims, at the following address: Klee, Tuchin, Bogdanoff & Stern LLP, Attn: Lee R. Bogdanoff, Esq. and
Jonathan S. Shenson, Esq., 1999 Avenue of the Stars, 39th Floor, Los Angeles, CA 90067. The Notice of Transfer must:
(a) be signed by both the transferee and the transferor; (b) set forth the current address for both the transferee and the
transferor; and (c) be accompanied by a copy of the proof of claim being transferred, as well as documentation evidencing
the existence of an agreement to transfer the claim.
NOTEHOLDERS
Pursuant to Federal Rule of Bankruptcy Procedure 3003(b)(5), unless you are the Indenture Trustee for the
7.875% Senior Notes due 2009 (the “Senior Notes”) or the Indenture Trustee for the 9% Junior Subordinated Debentures
due March 31, 2026 (the “Junior Debentures”, and together with the Senior Notes, the “Notes”), or you assert claims other
than principal and interest on account of the Notes, you do not need to file a proof of claim for principal and interest on
account of the Notes. Only the Indenture Trustees, and not individual noteholders, are required to assert such claims.
EQUITY INTEREST HOLDERS
Pursuant to Federal Rule of Bankruptcy Procedure 3003(b)(2), it is not necessary for an equity security holder to
file a proof of interest; provided, however, that an equity security holder must file a proof of claim to the extent that such
equity security holder asserts any rights as a creditor against the Debtor, including, without limitation, any claims that may
be subject to subordination under section 510 of the Bankruptcy Code.
INQUIRIES AND ADDITIONAL PROOFS OF CLAIM
This Notice is only a summary of the procedures approved by the Court in this case. All creditors and other
parties in interest are referred to in the Bar Date Order, the Bankruptcy Code, the Bankruptcy Rules, and the Local
Bankruptcy Rules for the Central District of California for additional information regarding the filing and treatment of
proofs of claim, and should consult with their own legal advisors. All questions concerning this Notice should be
submitted in writing to (A) Debtor’s proposed bankruptcy counsel, Stutman, Treister & Glatt, P.C., Attn: Theodore B.
Stolman, Esq. and Scott H. Yun, Esq., 1901 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067; and Patton Boggs
LLP, Attn: Robert W. Jones, Esq. and J. Maxwell Tucker, Esq., 2001 Ross Avenue, Suite 3000, Dallas, TX 75201-8001;
and (B) counsel for the Official Committee of Creditors Holding Unsecured Claims, at the following address: Klee,
Tuchin, Bogdanoff & Stern LLP, Attn: Lee R. Bogdanoff, Esq. and Jonathan S. Shenson, Esq., 1999 Avenue of the Stars,
39th Floor, Los Angeles, CA 90067. This Notice may have been sent to persons or entities that may not actually have a
claim against the Debtor. The fact that you have received this Notice does not mean that you have a Claim, or that the
Debtor or the Court concede that you have a claim.
/s/Scott H. Yun Robert W. Jones
Theodore B. Stolman -and- J. Maxwell Tucker
Scott H. Yun Brent R. McIlwain
STUTMAN, TREISTER & GLATT, P.C. PATTON BOGGS LLP
Proposed Reorganization Counsel for the Debtor and Debtor in Possession

And what's the common stock trading at?

Bondholders and preferred take precedence over the common but I hope it works out very well for you :)

What Every Investor Should Know ...

Corporate Bankruptcy
What happens when a public company files for protection under the federal bankruptcy laws? Who protects the interests of investors? Do the old securities have any value when, and if, the company is reorganized? We hope this information answers these and other frequently asked questions about the lengthy and sometimes uncertain bankruptcy process.

What Happens to the Company?
How Are Assets Divided in Bankruptcy?

Secured Creditors - often a bank, is paid first.

Unsecured Creditors - such as banks, suppliers, and bondholders, have the next claim.

Stockholders - owners of the company, have the last claim on assets and may not receive anything if the Secured and Unsecured Creditors' claims are not fully repaid.


http://www.sec.gov/investor/pubs/bankrupt.htm

Federal bankruptcy laws govern how companies go out of business or recover from crippling debt. A bankrupt company, the "debtor," might use Chapter 11 of the Bankruptcy Code to "reorganize" its business and try to become profitable again. Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court.

Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.

The investors who take the least risk are paid first. For example, secured creditors take less risk because the credit that they extend is usually backed by collateral, such as a mortgage or other assets of the company. They know they will get paid first if the company declares bankruptcy.

Bondholders have a greater potential for recovering their losses than stockholders, because bonds represent the debt of the company and the company has agreed to pay bondholders interest and to return their principal. Stockholders own the company, and take greater risk. They could make more money if the company does well, but they could lose money if the company does poorly. The owners are last in line to be repaid if the company fails. Bankruptcy laws determine the order of payment.

What Will Happen to My Stock or Bond?
A company's securities may continue to trade even after the company has filed for bankruptcy under Chapter 11. In most instances, companies that file under Chapter 11 of the Bankruptcy Code are generally unable to meet the listing standards to continue to trade on Nasdaq or the New York Stock Exchange. However, even when a company is delisted from one of these major stock exchanges, their shares may continue to trade on either the OTCBB or the Pink Sheets. There is no federal law that prohibits trading of securities of companies in bankruptcy.

Note: Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.

If the company does come out of bankruptcy, there may be two different types of common stock, with different ticker symbols, trading for the same company. One is the old common stock (the stock that was on the market when the company went into bankruptcy), and the second is the new common stock that the company issued as part of its reorganization plan. If the old common stock is traded on the OTCBB or on the Pink Sheets, it will have a five-letter ticker symbol that ends in "Q," indicating that the stock was involved with bankruptcy proceedings. The ticker symbol for the new common stock will not end in "Q". Sometimes the new stock may not have been issued by the company, although it has been authorized. In that situation, the stock is said to be trading "when issued," which is shorthand for "when, as, and if issued." The ticker symbol of stock that is trading "when issued" will end with a "V". Once the company actually issues the newly authorized stock, the "V" will no longer appear at the end of the ticker symbol. Be sure you know which shares you are purchasing, because the old shares that were issued before the company filed for bankruptcy may be worthless if the company has emerged from bankruptcy and has issued new common stock.

During bankruptcy, bondholders will stop receiving interest and principal payments, and stockholders will stop receiving dividends. If you are a bondholder, you may receive new stock in exchange for your bonds, new bonds, or a combination of stock and bonds. If you are a stockholder, the trustee may ask you to send back your old stock in exchange for new shares in the reorganized company. The new shares may be fewer in number and may be worth less than your old shares. The reorganization plan will spell out your rights as an investor, and what you can expect to receive, if anything, from the company.

The bankruptcy court may determine that stockholders don't get anything because the debtor is insolvent. (A debtor's solvency is determined by the difference between the value of its assets and its liabilities.) If the company's liabilities are greater than its assets, your stock may be worthless. Contact your local Internal Revenue Service (IRS) office or call 1-800-829-1040 for information about how to report worthless securities as a loss on your income tax return. If you don't know whether your stock has value, and you can't find a stock or bond price in the newspaper, ask your broker or the company for information.

Why Would a Company Choose Chapter 11?
"Prepackaged Bankruptcy Plans"
Sometimes companies prepare a reorganization plan that is negotiated and voted on by creditors and stockholders before they actually file for bankruptcy. This shortens and simplifies the process, saving the company money. For example, Resorts International and TWA used this method.

If prepackaged plans involve an offer to sell a security, they may have to be registered with the SEC. You will get a prospectus and a ballot, and it's important to vote if you want to have any impact on the process. Under the Bankruptcy Code, two-thirds of the stockholders who vote must accept the plan before it can be implemented, and dissenters will have to go along with the majority.


Most publicly-held companies will file under Chapter 11 rather than Chapter 7 because they can still run their business and control the bankruptcy process. Chapter 11 provides a process for rehabilitating the company's faltering business. Sometimes the company successfully works out a plan to return to profitability; sometimes, in the end, it liquidates. Under a Chapter 11 reorganization, a company usually keeps doing business and its stock and bonds may continue to trade in our securities markets. Since they still trade, the company must continue to file SEC reports with information about significant developments. For example, when a company declares bankruptcy, or has other significant corporate changes, they must report it within 15 days on the SEC's Form 8-K.

How Does Chapter 11 Work?
The U.S. Trustee, the bankruptcy arm of the Justice Department, will appoint one or more committees to represent the interests of creditors and stockholders in working with the company to develop a plan of reorganization to get out of debt. The plan must be accepted by the creditors, bondholders, and stockholders, and confirmed by the court. However, even if creditors or stockholders vote to reject the plan, the court can disregard the vote and still confirm the plan if it finds that the plan treats creditors and stockholders fairly. Once the plan is confirmed, another more detailed report must be filed with the SEC on Form 8-K. This report must contain a summary of the plan, but sometimes a copy of the complete plan is attached.

Who Develops the Reorganization Plan for the Company?
Committees of creditors and stockholders negotiate a plan with the company to relieve the company from repaying part of its debt so that the company can try to get back on its feet.


One committee that must be formed is called the "official committee of unsecured creditors." They represent all unsecured creditors, including bondholders. The "indenture trustee," often a bank hired by the company when it originally issued a bond, may sit on the committee.

An additional official committee may sometimes be appointed to represent stockholders.

The U.S. Trustee may appoint another committee to represent a distinct class of creditors, such as secured creditors, employees or subordinated bondholders.
After the committees work with the company to develop a plan, the bankruptcy court must find that it legally complies with the Bankruptcy Code before the plan can be implemented. This process is known as plan confirmation and is usually completed in a few months.

Steps in Development of the Plan:

The debtor company develops a plan with committees.

Company prepares a disclosure statement and reorganization plan and files it with the court.

SEC reviews the disclosure statement to be sure it's complete.

Creditors (and sometimes the stockholders) vote on the plan.

Court confirms the plan, and

Company carries out the plan by distributing the securities or payments called for by the plan.
What is the Role of the U.S. Securities & Exchange Commission in Chapter 11 Bankruptcies?
Generally, the SEC's role is limited. The SEC will:


review the disclosure document to determine if the company is telling investors and creditors the important information they need to know; and

ensure that stockholders are represented by an official committee, if appropriate.
Although the SEC does not negotiate the economic terms of reorganization plans, we may take a position on important legal issues that will affect the rights of public investors in other bankruptcy cases as well. For example, the SEC may step in if we believe that the company's officers and directors are using the bankruptcy laws to shield themselves from lawsuits for securities fraud.

How Will I Know What's Going On?
Sometimes, you may first learn about a bankruptcy in the news. If you hold stock or bonds in street name with a broker, your broker should forward information from the company to you. If you hold a stock or bond in your own name, you should receive information directly from the company.

You may be asked to vote on the plan of reorganization, although you may not get the full value of your investment back. In fact, sometimes stockholders don't get anything back, and they don't get to vote on the plan.

Before you vote, you should receive from the company:


a copy of the reorganization plan or a summary;

a court approved disclosure statement which includes information to help you make an informed judgment about the plan;

a ballot to vote on the plan; and

notice of the date, if any, for a hearing on the court's confirmation of the plan, including the deadline for filing objections.
Even when stockholders do not vote, they should get a summary of the disclosure statement, and a notice on how to file an objection to the plan.

Stockholders may also receive other notices unrelated to the plan of reorganization, such as a notice of a hearing on the proposed sale of the debtor's assets, or notice of a hearing if the company converts to a Chapter 7 bankruptcy.

What is Chapter 7 Bankruptcy?
Some companies are so far in debt or have other problems so serious that they can't continue their business operations. They are likely to "liquidate" and file under Chapter 7. Their assets are sold for cash by a court appointed trustee. Administrative and legal expenses are paid first, and the remainder goes to creditors. Secured creditors will have their collateral returned to them. If the value of the collateral is not sufficient to repay them in full, they will be grouped with other unsecured creditors for the rest of their claim. Bondholders, and other unsecured creditors, will be notified of the Chapter 7, and should file a claim in case there's money left for them to receive a payment.

Stockholders do not have to be notified of the Chapter 7 case because they generally don't receive anything in return for their investment. But, in the unlikely event that creditors are paid in full, stockholders will be notified and given an opportunity to file claims.

Does My Stock or Bond Have Any Value?
Usually, the stock of a Chapter 7 company is worthless and you have lost the money you invested.

If you hold a bond, you might only receive a fraction of its face value. It will depend on the amount of assets available for distribution and where your debt ranks in the priority list on the first page. If your bond is secured by collateral, your payment will depend in large part on the value of the collateral.

Where Can I Find More Information?
The Company. - Contact the investor relations department in the company's home office. They can give you more information on the bankruptcy proceeding, including the name, address, and phone number of the court handling the bankruptcy.

Your Broker. - If you can't find information in the newspaper or the library, or you haven't received any correspondence from the company, call the person who sold you the investment.

The SEC. - Companies file regular reports with the SEC in a computer database known as EDGAR. For example, a company declaring bankruptcy will file a form 8-K that tells where the case is pending and which chapter of bankruptcy was filed. You can access EDGAR through your computer at: http://www.sec.gov If you don't have access to a computer, your public library may have a computer you can use. You can also request a copy of Form 8-K, or any other reports that the company files with the SEC, see "How to Request Public Documents". Or, you can visit the SEC's Public Reference Room, 100 F Street NE, Washington, DC 20549. You might also be able to get copies of SEC filings from your full-service stockbroker, or the company itself.

Bankruptcy Court. - If the company is in Chapter 7, and has not filed reports with the SEC, or you need more information, the bankruptcy court itself is another source. This court is usually located where the company has its main place of business or where the company is incorporated. (There is at least one bankruptcy court in each state and the District of Columbia.) Once you know a company's main place of business or state of incorporation, you can obtain the address and phone number of the bankruptcy court for that region by visiting the website of the Administrative Office of the United States Courts or by calling (202) 502-1900. Court addresses and phone numbers are also listed in the publication, The American Bench, which you can find at your local library. In addition, you'll find links to U.S. Bankruptcy Court websites at http://www.uscourts.gov/bankruptcycourts.html.

U.S. Trustee at the Department of Justice. - The U.S. Trustee has broad administrative responsibilities in bankruptcy cases. Check the U.S. Trustee's website, your local telephone book, or the public library for the field office closest to you, and contact them for information on the status of the bankruptcy.

A Securities or Bankruptcy Attorney. - You may want to talk to an attorney, especially if you believe that the debtor defrauded you and you want to know your legal options. If you suspect fraud, you should also report it to the SEC or your state securities regulator.

For a more detailed discussion of different types of bankruptcy, please read Bankruptcy Basics, which the Bankruptcy Division of the Administrative Office of the United States Courts produced to assist the public in understanding bankruptcy.

http://www.sec.gov/investor/pubs/bankrupt.htm

In that case, are their debt obligations larger?

The order in which payments are made is fixed by Federal statute.

The general rule is that the persons who take the least risk are paid first.

First priority usually goes to persons who become creditors AFTER the company files for bankruptcy. The purpose of this is to enable the company to continue its operations and/or to effectively wind down its affairs.

Secured creditors, such as a bank lending money backed by a mortgage on real estate, typically bargained for taking less risk. Assets of the company usually back the credit that they extend. They know they should get paid very early on the list if the company declares bankruptcy.

General creditors, such as suppliers of goods and services, and other lenders and bondholders, have a greater potential for recovering their losses than stockholders, because bonds represent the debt of the company and the company has agreed to pay bondholders interest and to return their principal.

Stockholders own the company, and take greater risk. They could make more money if the company does well, but they could lose money if the company does poorly. The owners are last in line to be repaid if the company fails. Bankruptcy laws determine the order of payment.

Unsecured creditors are last in line.

And what's in store for the common holders?

chapter 11 bankruptcy stocks, nice.

446,860 vol.

SFMI MACD ...

SFMI MACD ...

YouTube has many good ones that are free.

MACD

SFMI .055 + .0025 vol 974,400 , chart is shaping up now.

Chart is certainly setting up. Perfect timing for the upcoming events that are expected, as per the recent press releases of course :)

SFMI new high of day .054

SFMI going green now :)

That would be another uptick :)

RSI and full stochastics are also turning upward. :)

SFMI “We are now coming into the second phase of our project in Idaho and we expect to be in revenue from our War Eagle operation as well as expansion of our mining sector”. He further adds. “During our continued evaluations of the War Eagle property, some new developments have come to pass and will warrant exciting announcements.”

http://www.silverfalconmining.com/news/releases/012709/NR_012709.pdf


* compensated IRP

SFMI “We are now coming into the second phase of our project in Idaho and we expect to be in revenue from our War Eagle operation as well as expansion of our mining sector”. He further adds. “During our continued evaluations of the War Eagle property, some new developments have come to pass and will warrant exciting announcements.”

http://www.silverfalconmining.com/news/releases/012709/NR_012709.pdf

War Eagle Mountain Project





The War Eagle Mountain poperty is located 70 miles south west of Boise, Idaho. The mountain is situated on the Owyhee Gold Trend of the Silver City Mining District.

Silver Falcon Mining, Inc., has acquired the rights to develop and operate the mines of GoldCorp Holdings, Co., on War Eagle Mountain, south of Boise, Idaho. The GoldCorp Holdings, Co., properties are adjacent to the open-pit mines of Kinross Gold Co., (NYSE-KGC).

Silver Falcon Mining, Inc., has assumed production responsibilities for War Eagle Mountain in 2007.

The mines of War Eagle Mountain have produced the following yields :

Oro Fino Mine : 10,766 tons @ 1.04 oz Gold/ton
Ida Elmore Mine : 13,283 tons @ 2.63 oz Gold/ton
Golden Chariot Mine : 32,173 tons @ 3.12 oz Gold/ton
Cumberland Mine : 3,325 tons @ 2.45 oz Gold/ton
Minnesota Mine : 7,024 tons @ 2.05 oz Gold/ton
Mahogany Mine : 7,515 tons @ 1.98 oz Gold/ton
S. Chariot Mine : 10,522 tons @ 2.00 oz Gold/ton
Mahogany #2 Mine : 15,000 tons @ 3.39 oz Gold/ton
Poorman Mine : 21,252 tons @ 1.97 oz Gold/ton Assays Report
Never Sweat Mine : 6,000 tons @ 2.42 oz Gold/ton
Illinois Central Mine : 11,205 tons @ 3.63 oz Gold/ton
Empire Mine : 7,579 tons @ 1.17 oz Gold/ton
Illinois Central # 2 : 11,635 tons @ 3.59 oz Gold/ton
War Eagle Mine : 3,315 tons @ 1.31 oz Gold/ton

SFMI UT .05 x .051

War Eagle Mountain Project





The War Eagle Mountain poperty is located 70 miles south west of Boise, Idaho. The mountain is situated on the Owyhee Gold Trend of the Silver City Mining District.

Silver Falcon Mining, Inc., has acquired the rights to develop and operate the mines of GoldCorp Holdings, Co., on War Eagle Mountain, south of Boise, Idaho. The GoldCorp Holdings, Co., properties are adjacent to the open-pit mines of Kinross Gold Co., (NYSE-KGC).

Silver Falcon Mining, Inc., has assumed production responsibilities for War Eagle Mountain in 2007.

The mines of War Eagle Mountain have produced the following yields :

Oro Fino Mine : 10,766 tons @ 1.04 oz Gold/ton
Ida Elmore Mine : 13,283 tons @ 2.63 oz Gold/ton
Golden Chariot Mine : 32,173 tons @ 3.12 oz Gold/ton
Cumberland Mine : 3,325 tons @ 2.45 oz Gold/ton
Minnesota Mine : 7,024 tons @ 2.05 oz Gold/ton
Mahogany Mine : 7,515 tons @ 1.98 oz Gold/ton
S. Chariot Mine : 10,522 tons @ 2.00 oz Gold/ton
Mahogany #2 Mine : 15,000 tons @ 3.39 oz Gold/ton
Poorman Mine : 21,252 tons @ 1.97 oz Gold/ton Assays Report
Never Sweat Mine : 6,000 tons @ 2.42 oz Gold/ton
Illinois Central Mine : 11,205 tons @ 3.63 oz Gold/ton
Empire Mine : 7,579 tons @ 1.17 oz Gold/ton
Illinois Central # 2 : 11,635 tons @ 3.59 oz Gold/ton
War Eagle Mine : 3,315 tons @ 1.31 oz Gold/ton

Silver Falcon Mining, Inc. (A Delaware Company) (NASDAQ OTC: SFMI), is a junior resource production company specializing in gold and silver properties. Silver Falcon Mining, Inc., has acquired the rights to develop and operate the mines of GoldCorp Holdings, Co., on War Eagle Mountain, situated on the Owyhee Gold Trend of the Silver City Mining District in southern Idaho.

The War Eagle properties of GoldCorp Holdings, Co., have produced approximately $ 270 Million in gold and silver to date, and are situated adjacent to the open-pit mines of Kinross Gold Co., ( NYSE : KGC ), which have produced approximately $ 1.8 Billion in gold and silver.

Initial production on the mountain is scheduled for fiscal year 2008, with an estimated 15-20 year life-of-mines. Annual yield, at full capacity, is estimated to be $ 215 Million at $ 650 Gold.

http://www.silverfalconmining.com/

Noticed that as well. We have spot gold pricing set up on the website ...


http://www.otcmarketedge.com/_stock_profiles

SFMI ... It's mill is preparing it for final assembly and startup as per yesterday's press release.




Silver Falcon Mining, Inc. (SFMI) Updates Melba Mill Progress
9:46a ET January 27, 2009 (Market Wire)
Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) and Deep Rock, Inc. today released a joint communication detailing progress on the Melba Mill Project.

As of January 23, 2009, Deep Rock, Inc. successfully completed all their contracted obligations to the Company over its new mill in Melba, ID. Silver Falcon Mining is thankful to Mr. William Martens, the head of Deep Rock, Inc. for his selfless dedication in bringing together all the various components on this state-of-the-art mill and preparing it for final assembly and startup. SFMI wishes Mr. Martens well in his future endeavors.

Starting immediately, Silver Falcon Mining has retained the services of an experienced mill engineer who will be calibrating and ramping up the production at the mill. The Company anticipates maximizing mill output on a 20 hours per day operational run-rate.

The Company also retained the services of a general manager of operations whose duties will be to coordinate and supervise the production of both the mill and the mines of War Eagle.

Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "We are now coming into the second phase of our project in Idaho and we expect to be in revenue from our War Eagle operation as well as expansion of our mining sector." He further adds, "During our continued evaluations of the War Eagle property, some new developments have come to pass and will warrant exciting announcements."

Silver Falcon Mining, Inc. is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.

SFMI ... It's mill is preparing it for final assembly and startup as per yesterday's press release.




Silver Falcon Mining, Inc. (SFMI) Updates Melba Mill Progress
9:46a ET January 27, 2009 (Market Wire)
Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) and Deep Rock, Inc. today released a joint communication detailing progress on the Melba Mill Project.

As of January 23, 2009, Deep Rock, Inc. successfully completed all their contracted obligations to the Company over its new mill in Melba, ID. Silver Falcon Mining is thankful to Mr. William Martens, the head of Deep Rock, Inc. for his selfless dedication in bringing together all the various components on this state-of-the-art mill and preparing it for final assembly and startup. SFMI wishes Mr. Martens well in his future endeavors.

Starting immediately, Silver Falcon Mining has retained the services of an experienced mill engineer who will be calibrating and ramping up the production at the mill. The Company anticipates maximizing mill output on a 20 hours per day operational run-rate.

The Company also retained the services of a general manager of operations whose duties will be to coordinate and supervise the production of both the mill and the mines of War Eagle.

Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "We are now coming into the second phase of our project in Idaho and we expect to be in revenue from our War Eagle operation as well as expansion of our mining sector." He further adds, "During our continued evaluations of the War Eagle property, some new developments have come to pass and will warrant exciting announcements."

Silver Falcon Mining, Inc. is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.

SFMI weekly chart :

great morning to all.

Yep. Plan for Banks' Toxic Debt May Be Unveiled Next Week

Senate panel backs $522B package for stimulus
The Senate Finance Committee vogted 14-9 in favor of the plan, which includes tax breaks, incentives and help for the unemployed.
January 27, 2009: 9:26 PM ET
WASHINGTON -- The U.S. Senate Finance Committee Tuesday approved a roughly $522 billion package of tax breaks and spending aimed at spurring economic and job growth to reverse the downward spiral of the economy.

The measure will be combined with a $365.6 billion spending package passed by the Senate Appropriations Committee before the entire legislation, costing a total of about $887 billion, will be considered by the full Senate in the coming days.

The Senate Finance Committee voted 14-9 for its part which includes roughly $275 billion in tax breaks and incentives and $180 billion for helping unemployed Americans keep their health insurance and states facing big budget shortfalls. The senators added a $70 billion fix to the alternative minimum tax.