GREY:SFMCF - Post by User
Post by
HeyIrishon Apr 23, 2015 7:05am
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Post# 23655885
My Guess
My GuessHere’s my guess:
They need the money from the sale of the Mexican property to straighten out the transfer agent problem. That would mean we could be halted for a while. I suspect that’s what motivated the second news release right after the halt was announced. The second release was to remind shareholders that we do have a small amount of money coming into the company. It sort of gives the impression that all is not lost.
It would be a very good move if SFM announces that they have secured the funds to drill Sully again before the halt is lifted. If they can make this happen I’d think all would be good again.
I also believe that the owners of Gravitas are much better off if SFM survives. Should SFM fail it could be many years before they see anyone interested in drilling their land again; if ever? It would also require Gravitas to make a new arrangement with new partners that may not be as good as the one they already have.In other words if SFM fails then new risks arise for the owners of Gravitas.
I’d also count on there being many family and friends of the directors of SFM who have invested their hard earned money into this company. I mention this to highlight another motivating factor for the management of this company.
If SFM was a 50/50 bet last week this week in feels more like a 10/90 this week. The deck really seems to be stacked against shareholders right now.
In closing I’d like to wish management good luck; knowing that good luck usually comes from hard work. Don’t give up, make good choices, get creative, be forceful and don’t recognize failure as a possibility and then everything will work out fine