Silver Falcon Mining Inc. (fka SFMI)

[sphindog]

Yeah, I understand that they have followed through on their word, but I'm just a little concerned about the numbers that Henry brought to our attention last week:

"Our balance sheet as of June 30, 2009 reflects cash of $83, current assets of $176,378, current liabilities of $1,249,092, and a working capital deficit of ($1,072,714)."

An $83.00 balance sheet?! I understand that you might run into some hardships just starting out, but 83 bucks! I've thrown some money their way already, and all we have to show for it is a balance sheet of $83! And that was as of June 30th! I'm optimistic that they can turn things around, but I'm also a tad bit nervous about committing more until I see something more convincing. And that working capital deficit of over a mil...that's over a million! In case you haven't noticed, capital is a little hard to come by these days...I'm sure they can raise the needed funds if they get going on those blasted tailings!

If I wasn't invested at all, I would have bought today. However, I'm already in to some extent...it would have to break .015 for me to gobble up some more.