Welcome to the Silver Falcon Mining HUB on AGORACOM

(Edit this Message from the "Fast Facts" Section)

Free
Message: 10Q out

The 10Q is out. It's even uglier than expected. We knew there would be dilution, but it's increasing. They are behind on payments for a number of debts, including the mill property mortgage. Paul Parliament got his shares by converting loans to shares (not so bad, since SFMI did get needed money for the shares). New Vision converted a bunch of A shares to B shares on a 1 for 1 basis. Why would they do that, since even with the increased voting power there is no way they can outvote the Qs and BOD? Maybe they are preparing for a reverse split of A shares? How is New Vision still involved other than passively? Lots of things that will have to be dealt with...

Share
New Message
Please login to post a reply