"What is your take on the company at this time?"

My opinion is clearly in the minority on this thread and I refrain from posting because I don't wish to stir the pot. I have written many posts in the past that I've ultimately deleted out of better judgement.

Anyway, since you asked, I believe the stewards of this company are shamefully acting in their own self-interests at the expense of their shareholders. Some may deny this or afford the BOD a pass as long as the share price goes up. I am just not built that way as a trader or investor. And to that extent, I will have no regrets if the share price rockets to .50 or higher as I was simply presented with too much conflicting information to maintain an investment in SFMI in good conscience.

The company has blatantly lied to shareholders in PRs, the SHM and in their SEC documents and that's not merely speculative observation on my part. PQ lied to me when I met him in NYC in March and that was all I needed in order to raise an eyebrow and snap out of the allure of WEM's potential. The dilution from last quarter along with the obscene raises, all while double-dipping in the shell game that is Goldland Holdings, was the proverbial straw that broke the camel's back for me.

Since then I've discovered other things that makes me doubt WEM's potential that shareholders currently pin their hopes to. Although PRs attempt to maintain a forward-looking bent on operations, the promises of financing has not yet come true. The promise of having the 43-101 completed in Q1 2012 has not come true. The promises of drilling within the Sinker Tunnel by May 2012 have not come true...nor do I believe it will. The promises of drilling the top of WEM by July are now on the clock. They have to start drilling or the SHM in September will be a public lynching. To that end, if they don't get financing to begin drilling, they will dilute much more to avoid an angry mob of shareholders.

The company has claimed they have been pouring and stockpiling dore bars for months, yet where are the shipments? I don't buy the excuse that a cash-strapped company stockpiles dore bars for more favorable spot-prices when the responsible course of action would be to sell the dore as it becomes available in order to curtail some of the obscene dilution while waiting for the leaching system build out. That leads me to think that there isn't any dore stockpiled (or any amounts of significance) as I would think the company would be as anxious to PR and photograph the dore bar inventory as they are with the monthly assay results. To that notion, I also think the company should be selling some of their purported $5+ million worth of concentrate, rather than diluting shares, in order to pay bills while waiting for the buildout of the leaching system to be completed. I don't know, but there are just way too many suspicious and self-dealing things going on for me to feel comfortable with an investment here.

My only interest in SFMI now is watching from afar as events unfold and I have friends invested here that I hope are eventually made whole on their investment. I just hope that shareholders for their own sake don't remain complacent with the BOD's activities (or lack thereof) and that they exercise proper due diligence when things don't pass the smell test and the company continues to fail to deliver. For the sake of all shareholders under water, I hope I am wrong about my assessment.

PS - I don't want anyone to sell shares on account of any bearishness I convey in my opinions. I would hate to be wrong and have someone miss out on their opportunity on my account. Just make sure you exercise your own due diligence in order to have your own personal comfort with your investment decisions.