Replies to post #40313 on Silver Falcon Mining Inc. (fka SFMI)

[Peggy]

I don't think that will happen anytime soon. Gots to have some revenue first.

[JACKPOT]

ABSOLUTELY.Proceeds from the 1st shipment (expected to be over $2 million) will be for the share buyback. Not all proceeds will go towards the buyback because our other gem (GHD#)needs to get paid. Shipment is Nov. 1st and $$$ by the end of November makes Dec. a joyous holiday season. :)
Followed by the filing of the 43-101 in January--Nice way to start the New Year.

Management said that they expect 1,500-2,000 ounces to be sent to the refinery for sale in NOVEMBER.

[User-65225]

Its just hype... It makes no logical sense issuing shares at a discount, then rebuying them back right after at higher prices... Thats pretty dumb $$$$ management. It would be more beneficial reinvesting in the mine

Companies buyback stock when they have excess PROFITS (not to be confused with REVENUE, as some often do) and i dont see this company being profitable anytime in the near future... they are spending $1,000,000+ per month and the filings state that they plan to raise $7,000,000+ more to build out the mine

They also have almost $5,000,000 in debt, which they are currently trying to convert to shares, per filings... If anything, paying this off would make more sense, but does not sound as exciting to the penny community.

Theres no logic to the claims, at THIS stage... which is why smart money has never taken it seriously imo.

PS: FYI, the buyback claims started about 1.5 years ago and we've seen nothing but dilution... FYI, Rich is the Investor Relations rep. He has often made claims that did not come true, which IMO is why so many have lost faith in anything this company states...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50557905

POSITIVE THOUGHTS
Share
Tuesday, May 25, 2010 10:17:32 AM
Re: Garick post# 13462
Post # of 40315
NEWS FROM SFMI BY RICH KAISER/ PLEASE READ:
I believe the share buy back will be monthly and it will be done by the CEO on behalf of the Company.I would suspect that the buy-back will occur as soon as the company starts cash-flowing from milling operations, which is very shortly.

Thank you

Rich

Thank you Garick, I did not miss it I just got tired writing about 3 a.m. SO THE NEWS ABOVE, SFMI WILL BE BUYING BACK SHARES THAT WILL LEAD INTO THE MILLIONS PER MONTH REDUCING THE NUMBER OF SHARES OUTSTANDING ADDING MORE VALUE TO THE COMPANY.

[abrevaderci]

As soon as they settle the shipment to Abu Dabi. I am hoping for at least 2 million. If we get it PQ will buy 300,000.00 worth of stock. That would take close to 5 million shares off the market.