Silver Falcon Mining Inc. (fka SFMI)

[bc322032]

I humbly stand corrected NO BOMB SHELL! Well-under-3-million for last Q.

So, looks very good for longs. I will be buying at open as IMO up from here with spend mostly done and now income.

Well done longs - happy I at least got a stake and can buy more!

http://www.sec.gov/Archives/edgar/data/1464830/000109181811000600/sfmi11041110q.htm


But, we need more sales or else:

GOING CONCERN

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. However, we incurred a net loss of ($8,436,067) for the nine months ended September 30, 2011. We have remained in business primarily through the deferral of salaries by management, the issuance of stock to compensate employees and consultants, and raising funds from the sale of two year convertible notes. We intend on financing our future development activities from the same sources, until such time that funds provided by operations are sufficient to fund working capital requirements.