We all know PQ is definitely looking out for himself and his family first. Can you really blame him? He just thinks he is taking care of his.

At the same time though all shareholders will make out handsomely in the next 6-12 months IMO.

Before the recent issuance of additional shares, PQ only owned 3.8 million shares of SFMI …I remember thinking that was odd that posters on this message board actually owned more shares than PQ. I know he owns 84 million shares of GDHC, but still I found it very odd that his SFMI stake was so low. As a family the PQ’s only owned 8.8 million shares of SFMI previously (plus some options). NOW the Quillam’s own outright 121 million shares together. AND what some may have missed, they also have options of 155 million shares as well (most of which were just issued). The 155 million shares in options are included in the 789 million total share number. They clearly wanted more SFMI shares. Also, most companies would just record unpaid salaries as deferred compensation. Not them, they paid themselves in shares and ALSO prepaid 2012 in shares (if you actually think about, not only is it sickening that the Quillam’s gave themselves large raises, by paying themselves in shares their salaries will actually be multi millions of dollars when buyout occurs). PLUS they paid themselves GHDC salaries in SFMI shares as well! They CLEARLY wanted more SFMI shares. In total they have increased their stake by approx. 227 million shares in just 5 months! Now they are READY for a buyout. This development along with Imperial Wahzoo’s post on the additional claims are two very important pieces of the puzzle.

A couple other pieces IMO:

Obviously they know this raping of the existing shareholders would not be received well, but IMO they do not care at all. Which tells me they already have everything they need …$$ for drilling. That’s all they need really. I also think PQ already has lowball offers that he could take right now that would make his family multi millionaires with all the shares they own now. I work for a large private real estate developer and I know the CEO gets calls all the time from potential investors/acquirers that inquire about some or all of our properties. It doesn’t usually amount to anything, but there is usually a loose verbal offer/indication of some sort during the beginning discussions.I believe PQ has had these discussions as well.

Again I don’t think he really cares aboutmaximizing the valueofthe rest of the shareholders. But, what did everyone expect really? To buy a 5 cent stock and then get bought out for $5? Really? But, as I stated in the beginning of my post, everyone will make out handsomely because I do think the ultimate price will be between $.25 and $1.00 depending on a number of factors and ultimately how much longer PQ wants to play the game. I know not everyone will be pleased with that range, especially those that have been here for multiple years, but it is still a very solid return.I know most think there is $20 - $100 Billion in WEM, but it would take 5 years to prove up the whole mountain. In my opinion, PQ will accept the first (or second) decent buyout offer after initial drill results.

On the float:

The 290 million in float is not really that high when you think of all the long time shareholders that are holding onto millions of shares.If you have a 100 people that each own 2 million shares, that equals 200 million shares. The question is how many of the long time shareholders will bail at the next runup? It looks like a lot of weak shares are being cleaned up this week. However, I do think it will be very difficult to gain new retail buyers of the stock after everything that has transpired. What they need is for one or two major investors to start buying up the float to get this stock moving in the right direction. IF that person can be a new BOD, then even better.

Misc. items:

I also think PQ may want to hold onto GHDC, especially since they are pursuing other mining concessions inthe US, Canada and Mexico. I just don’t think he will be able to have his cake and eat it too. Whoever buys SFMI will not want to pay royalties to GHDC IMO. Not sure how that will play out, but I thinkthat piece would have to goaway in a buyout, probably for cash.

IMO the $5.5M in inventory (as they call it) is just an incentive for whoever buys the company. It is easy revenue once the leach system is constructed.

So now the stage is set for everyone to get their money. The Quillams are surely set. The other directors and officers are set. Whoever the note holders were who converted to shares are definitely set. And the list goes on. Oh yes, and the remaining shareholders are sort of set, depending on number shares they have.

Once the currentFriends & Family discount is over, the stock will rise from these levels, especially as new BOD member is announced, drilling $$ is announced and drilling actually ramps up.

IF there is a shareholder meeting this year, I think the share price will be higher and much of the anger will have dissipated.

Of course, THIS ALL ASSUMES POSITIVE INITIAL DRILL RESULTS ARE A GIVEN.

Macod