"I read every post here"
If you read ALL THE POSTS like you claim, then you should know by now, March 2012, that the LOC is a back-up plan if needed, and that it would be poison for SFMI to touch into the LOC at these price levels, therefore PP has and is taken place. A call to RK would verify what Im saying is true.
What happened to all the money? You really thought we dried up 7.2 million dollars from the LOC? The 10k will show u what's been going on. IMO, most of that debt that SFMI accumulated in the past for building the mill, equipment, etc.,has decreased substantially. I believe we're going in the right direction. The pps will soon follow.