Follow the money...
posted on
Aug 10, 2013 04:56PM
(Edit this Message from the "Fast Facts" Section)
Debt issues say it all
"As of December 31, 2012, we had the following debts that mature in the near future:
$472,083 owed to Iliad Research & Trading, LP, which requires monthly payments of $47,208.33 per month, plus the amount of accrued interest on the note. As of July 1, 2013, we were not in default to Iliad"
Iliad cannot be the one who was responsible for the dumping. Do the math. There has been average of 2.6M shares traded per day for the last 100 days. SFMI traded over .02 for several months, and over a penny for most of the year. For sake of argument, let us just say that Iliad was able to sell their shares for .01. Also for sake of argument, I will say that there 22 trading days per month. That would mean that the average number of shares traded per month, for the last three months would be 57,200,000. If Iliad was owed $47,208.33 plus interest, I will estimate that they are being paid in the neighborhood of $50k per month. Sound fair? OK...do the math.
At .01, Iliad was owed 5,000,000 shares per month. Most of the year, SFMI's share price was higher, so the number of shares issued would have decreased dramatically. However, let's just use this number...Iliad was issued 5M shares per month. The daily average for SFMI is 2.6M! Even if my numbers are way off, and Iliad was owed ten times the amount of shares that I am coming up with, that would put the number at 50,000,000 shares...and wouldn't even cover the volume for the month.
How ironic that the dumping stops the day I mention (what an active shareholder told me) about the Q's dumping from overseas. Again, I ask the question, "Who else but the Q's could be selling this number of shares?" Also of importance...why has the selling stopped if Iliad is still owed money? They just decided to hold their shares now? Or maybe someone who knew that a pump was coming decided to wait a few weeks before resuming his little game. As Marcellus told Horatio, "Something is rotten in the state of Denmark."
I hate crooks.