posted on
Aug 09, 2012 03:08PM
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Message: Re: 10Q?
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Sometime before the next SHM's meeting I suspect SFMI will probably PR some indication of the amount of funding they have going forward. I don't really expect the SP to move much until investor's get more transparency on their financing situation. PQ, I'm sure, wants to make certain that the SHM doesn't turn into a food fight. Once the amount and terms of the financing are available (most probably announced in the next 10Q, on 15 August), I expect the share price to finally begin a long slow climb as progress is being made. Remember, they still have the 7 million dollar line of credit they can tap once the share price starts to go up. I suspect they'll wait until the SP is .20-.25 before they use their line of credit.
I'll say it once again. Everyone here needs to have a 2-4 year timeline for this investment to really perform. Those of us who wait should be generously rewarded. I'm here for the dollars, not the pennies.
Semper Fi,
Bluesideup
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