If SFMI has the DEQ permit for the closed loop cyanide leach system...if Allen Simon comes through with the funds to purchase the unit.....IT WILL TAKE A YEAR TO GET IT OPERATIONAL.

Which means....

1. More dilution to pay for 2013 salaries along with their bonuses. Here is where the word " ETHIC " comes in. How do you pay yourself a bonus when the company is in the red? Why would you further dilute which in my mind effects future investors from coming on board and diminishes the value of the current shareholder's holdings. ( Is PQ saying, I don't give a damn about the shareholders and the risk they took with me? )

A. SFMI has been in the red since its inception.

2. It takes capital to run the operation by hiring employees, purchasing or leasing equipment and don't forget the Sinker Tunnel needs another $2 million in funds. Don't forget federal payroll taxes owed to the Feds.

3. Lawsuits ...what is the cost of an attorney fighting and defending SFMI?

4. BUYBACK...I have been hearing this bait tactic for years. SFMI has debt and expenses...where does the money come from to buyback shares? Reality is....SFMI is running over 1 billion shares outstanding. How many more shares does PQ want and need? Don't forget GHDC, another cash cow for PQ Inc. I bet his salary for GHDC will be $250K a yr. Does the word GREED enter your mind?

5. Who gets screwed in the end...from what I am seeing, PQ and BOD will not get screwed no matter what happens...

This is how this reporter sees it...I am open for rebuttal.