Replies to post #36288 on Silver Falcon Mining Inc. (fka SFMI)

[lucky, mydog]

According to the 10-K he got paid in shares. So if he is to get paid at all the share price has to remain liquid.

in this world, shares are (is?) money. shareprice and liquidity are 2 different things. but if the shareprice drops, he can just be paid with more shares. we've all seen that before.

[Peggy]

It seems to me that if SFMI were truly fully reporting, the officers would have filed the required SEC Forms 3, 4 and 5, as appropriate.

But they still have not filed any such forms. Lest someone point out that they admitted this failure to file in the 10K, I would remind everyone that admitting this oversight (or perhaps a conscious decision not to file) does not negate the requirement to file the forms.

Had these forms been filed, we would have some idea of how much the insiders are truly paying themselves.

And yes, in order for Scammel and others paid in stock to receive any compensation, SFMI does need to remain liquid. But just assume for a minute that Scammel received a million shares in a lump or perhaps in quarterly increments. Even at today's pps, that's nearly 100K dollars. But, I suspect he received much more than that. But how can we tell?

Sure wish this fully reporting company would advise regarding this sort of thing for Scammel and the whole insider crew.

This cone of silence continues to worry me greatly.