Re: dcbass moderator ! - larryj
in response to
by
posted on
Jul 12, 2012 01:03AM
(Edit this Message from the "Fast Facts" Section)
If I remember correctly, there was a 187 million share mistake in dilution that was corrected in favor of the shareholders later on.
Many who came away from the meeting in NY took the original added dilution as the lie. SFMI caught the mistake, however, many who falsely accused SFMI wouldn't come forward after the miscalculation was caught.
As far as the concentrate is concerned...SFMI is storing it until the new system is in place at the mill. I look at them banking their wealth and using it as collateral to secure financing.
Financing takes time and lawyers..it just doesn't happen with the snap of the fingers. I heard PQ is working his ass off to get this done. Good progress is being made.
Please show us all in the SEC filings where SFMI lied?
I won't be attending the SHM....I welcome all questions for the BOD from the shareholders..hard balls, low balls and any balls.....this would be the best forum to make your cases known. Interesting PQ and management will be there for a few days and at one hotel to handle all concerns. Theyre aren't legally obligated to do this...only have a SHM are they legally obligated by the SEC.
I bet many will bring up the dilution factor, being paid in huge blocks of shares when the company isn't profitable, time lines that havent been met and asking where is RS? Some will ask about the claims...etc etc....
Hopefully, we will have a videocamera present at both the GHDC/SFMI shm's.