Replies to post #43680 on Silver Falcon Mining Inc. (fka SFMI)

[User-65225]

IMO studying these dealings are the MOST IMPORTANT RESEARCH one can do on this stock... some will claim, "i see results at the mine. They are a real business", but what you fail to understand is that the mine is REQUIRED to ensure they can raise enough money and continue to receive their excessive compensations.

Heck, Solyndra, Enron, etc, etc, etc, had real operations as well, right?... How did that turn out for investors/taxpayers?.... greed is greed, regardless of the progress.. and greed is one of the top reason why companies fail. Even big board stocks!

If i raise $10,000,000, put $8,000,000 in my family/friends pockets (via companies they created + compensation) and $2,000,000 into the business, would you want to invest in my company?... these are not exact numbers, but you get the point.

The best DD one can do is study WHERE the $$$$ is going and WHAT its accomplishing.

Too bad they are gonna hide the revenue another 3 months...how convenient!... Betcha it does not live up to the hype and those constant 100,000 blocks that reappear over and over on the Ask is someone "in the know" unloading.... Who has so much stock to sell at the 52 week low, when things are suppose to be so good right now?!

[SOUTHPEN]

William Martens wife is listed in filings as Lu Tang and Laoshan is a place in China. I guess it's possible that some friends of theirs or family from China were part owners in Laoshan ,but I've never found anything to suggest that. Who really knows?, but it's a far cry from KGC lost WEM to the Chinese! LOL ,whatever the case ,William Martens is/was Laoshan and Deep Rock and much of the original information used by SFMI came from Mr Martens, from advertising when he was selling the property.

[User-65225]

(Repost) Ok, since no one appears to know the answer to my questions (in the post im replying too), ill just go and explain what i found

First off, im sorry for those that want to believe that the Laoshan group is a "Chinese Fund", but you've been dead wrong. That might have sounded good when Chinese stocks were the flavor of the day, but its quite misleading.

The Laoshan group was started by William Martens... Martens obviously does not sound Chinese and he lives in the USA...

On January 1, 2008, we entered into a consulting agreement with William Martens, under which we agreed to issue Mr. Martens 250,000 shares of common stock in consideration for up to 200 hours of consulting services for one year. Mr. Martens controlled Laoshan at the time we acquired the property on War Eagle Mountain from Laoshan, and is a significant shareholder of ours as a result of the distribution to him of shares received by Laoshan in the transactions described above.

What makes these dealings so strange is not the fact they paid huge blocks of stock to these various offshore accounts owned by Martens and PQ, for a property they purchased for MUCH less than what they sold it to GHDC for (then AGAIN sold to SFMI), but the fact that Williams was ALSO contracted to consult and build the Mill, etc.... Heres the PR on his hiring (dated November 20, 2007) ... http://www.marketwire.com/press-release/silver-falcon-mining-inc-sfmi-hires-deep-rock-engineering-inc-794918.htm

Heres the Articles of Incorporation for Deep Rock... http://www.sos.idaho.gov/corpimage/%2F01032008%2FCORPARTI083112302.tif

Notice how Deep Rock was created AFTER (January 2008) they already signed an agreement with SFMI (November 2007)?... Does this not seem strange?!

Looks like another company created to facilitate a buddy-buddy deal to me?... why would they buy a property from someone then turn around and hire THE SAME PERSON (under a new company name) to build the mine?!

Is Williams even qualified to build a mine?!... Cause we've witnesses quite a few delays and mistakes... Could they not hire a professional firm thats NOT tied to management?!

WHY ARE SO MANY COMPANIES THAT DO BUSINESS WITH A PIERRE QUILLIAM COMPANY STARTED BY FAMILY AND/OR FRIENDS?!... Does this family/friends group really think they know how to do everything?!... Cause with all their consistent failures, its really hard to imagine the logic in this, other than trying to keep MOST OF $$$$$$ RAISED IN THEIR OWN POCKETS!

Raising MILLIONS from shareholders and putting that money in your wifes, sons, daughters, friends companies seems pretty darn shady to me... This is a tactic employed by countless penny stocks and its usually the sure sign a crap investment.

SFMI has been claiming production since 2007-08 and here we are heading into 2012 and they still have not reported any significant growth... but they sure are making some nice paychecks from EACH of the companies involved here, aren't they?

-The sons company (Q prompt) does their computer work and is compensated. He is also paid as a director
-the daughters company (Tutt Management) does services for the company and is compensated
-The Investor Relations guy has been pushing PQ companies for years and is compensated
- William Martins is not only the person that owned the property before PQ, but is also the person contracted to work on the mine.
-PQ makes multiple 6 figure paychecks + bonuses and his wife ALSO sits on the board and collects $$$$... Pretty nice COMBINED household income they're collecting for a company not producing any $$$$

This is just an example of how most all PQ companies do business = WITH EACH OTHER

Lets also not forget that PQ collects 6 figure paychecks for MULTIPLE companies working the SAME property...

these are SERIOUS red flags... especially when you look at WHY so many of his past companies have failed... Its just plain ignorant to claim this is not worthy DD

Please correct me if i am wrong on any of this.