Replies to post #18230 on Silver Falcon Mining Inc. (fka SFMI)

[E123low]

Awesome! Thank you for chiming in, Monypit.

[paidmyway]

Just be carefull in what you believe you understand from that 10Q and the accounting practises.I just bet many of you are wishing you had saw that before the end of the last trading session. It certainly looks to me like SFMI has not made any payments,there has been no mention of a second payment or the additional 10,000 dollars per month that the mill operates. So the question is " is the mill in operation or not and have they shipped any concentrate to a smelter"? Lets see what accounting practises SFMI is using on thier 10Q if it does come out on MONDAY or will it be deferred a well?? JMHO

Paid

[Monypit]

what did I type??? Sorry to be misleading.

deferred revenue = revenue that is yet to be earned and is shown as a liability because goods and/or services still need to be given. Like a reversal of the book entry of a pre-paid on the payer's side.

Friday and too mant beers messes up everything, lesson learned and have a great weekend all.