Replies to post #36296 on Silver Falcon Mining Inc. (fka SFMI)

[User-65225]

Pursuant to Rule 6530(e), if they file their reports late with the Commission three times their securities will be removed from the OTC Bulletin Board for failure to timely file.

SFMI is currently listed as OTCQB. Do the math.

There is a common misunderstanding in pennyland that the SEC studies each and every filing and makes sure they are accurate... but this is dead wrong.

The SEC only cares about if a company files their Quarter and Annual reports ON TIME... They also care about the 8Ks, form 4's, etc but since these filings are not on a set schedule, they have no clue if they are needed to be filed or not, and when... Do to this flaw, many pennies get away with "HALF" reporting and never get caught.

If a company were under investigation, the SECs research would lead them to what forms haven't been filed... but until this happens, a company can bend the rules at will... and the penny players that have been around a long time, like PQ, RK, etc understand this no doubt. Its very easy to figure out.

PS: I can show you filings for other OTC companies that have complete false/misleading info in them, related to hiding their debt and not listing the TERMS for their convertible bonds... These are serious violations, but it flies under the SEC radar cause they cannot read and validate everything these companies release. Not enough manpower... This is why the SEC site says its UP TO THE PUBLIC to research these companies thoroughly and not to rely on them.