The following bolded text is a Sinbob Quote followed up with commentary, not bolded. The original post is here.
https://agoracom.com/ir/SilverFalcon/forums/discussion/topics/517684-sentiment/messages/1642142#message
It is beginning to look like Roger S. opted out for other than personal reasons. This is a flaming red flag folks! The man has a reputation and character to protect...and has obviously been welcomed elsewhere. If he moved to protect his character, or was uncomfortable getting to know PQ, then we all have big problems. If he quit because PQ would not or could not keep certain promises or commitments, then what the heII is going on? PQ's character has been assailed by many...and from previous lifetimes. Is it all sour grapes? We always thought so...but gee, hmmm, well, maybe Sinbob really f.....d up. The number one consideration is ALWAYS the capability and integrity of management for ALL junior gold projects. I s c r e w e d up by ignoring myself, and all the warnings and hints along the way. After all, with a potential 10 million ounce resource, how could anyone s c r e w that up?
You have made some serious points, Sinbob. I'd say the most important point is that management is key to any organization and that starts right at the top with the BOD. SFMI does not have one mining professional on the BOD but they do have the CEO's wife and son, who don't have any mining experience or training.
One caveat that is REAL, is the shenanigans and outright larceny/theft that takes place on the otc...and if this is the case, management is helpless....and all of this is meaningless.
No, I would say that good management can overcome more obstacles than bad management and I think SFMI could make MAJOR improvements with their management.
One could speculate that RS did not like the way things were being managed and got out. In retrospect, DUH! If he knows anything that is untoward, that he has been witness to or suspicious of, it must have been weighing on him. Maybe he fealt compromised if he stayed on. Maybe I'm just paranoid. Thit Daffy, don't get tho pit hed!
Bottom line is that he is gone and that leaves no one with mining experiece or training on the SFMI BOD. It does raise questions when he leaves citing personal problems but is still employed on other mining companies?
I wonder what he is doing/has done with his shares? If he has dumped/dealt them all...why? Has he completely severed all ties to SFMI? If so...Why?
It's quite obvious that someone is dumping their shares but SFMO pays for services with shares so it could be any number of people.
All of this cumulative flotsam and understandable mistrust in management has reached a core level with most longtimers I would have to think. What happened to all those guys who invested big bucks long ago? There are one heII of a lot of cookie crumbs on the trail now Hansell . "Gee", I kept saying to myself, those crumbs really don't mean much...until you have enough to bake a f ri gg in cake.
Long time holders of SFMI are simply bag holders. There has been no shareholder value created as the share price sits at about 4 cents. To make this worse there are many more sharesoutstanding now than there was years ago as the services paid with shares just create more... I suppose if you're on the inside you can just get more options.....
Go back and read some of the absolute boollshiz in old NRs. It makes me sick with myself that I have overlooked so many 'hiccups'. Gee, good for PQ and his family...guess PQ has brought all this together with smarts and guile...and has worked hard...but, hmmmm...he does compensate himself and his unqualified family quite well. Oh well, he deserves it when our big payday arrives."
Now, now, Sinbob.... hold it together. :) We've all read the NRs and many have pointed out those hiccups but you just ignored them... Question: Why didn't you say anything about the family affair years ago?
What is RK's role here? If his integrity is compromised why would he still be employed by Scorpio? There is a boollshiz excuse for so many large sell offs..that it has become insulting. Are they just guessing, groping for answers? Milliions and millions of shares have traded over the last few months alone. Add up the $millions changing over the last year and ask yourself who is incented and why...and who is getting the skim off...and how many counterfeit shares have been sold over and over and over again.
RKs role is simple, he does what he is told because that is what he is paid to do. You need to focus on who is telling him what to say. How about starting with the BOD. They guide the ship and SFMI's BOD can be WAAAAAAAY better, IMHO.
Bouts you need to shake your head about all that buyout stuff...if something untoward is skittling about.
Sinbob, it's good to see that you have finally come around and are seeing things as they are, not what you HOPE them to be. Let's face it, a buyout at 4 cents is a devastating blow to long term shareholders.
Big Pic, I cannot understand why you are content to think all will be well. There have just been too many 'credit of the doubts' handed out to PQ. You (and others) have millions of shares and a huge claim stake in SFMI. Many of you have had personal converstions with the 'real hitters' and came away massaged...but no brass ring. If I were you I would be meeting with PQ to get some solid feedback and ask some very tough questions...you and a few other respectable shareholders that hold a large chunk of the company's stock. About a dozen big shareholders should be about incensed right now. PQ must be a very disarming guy. If it isn't him then it is the trading and it should be exposed and pursued with vigor and venom.
Here's the problem, PQ doesn't have to listen to anyone. Back to your original point, management is the key to any company. Your post makes it crystal clear what you think of SFMI management. Now you just have to act on it.
I'd be thinking pretty hard about what little surpises might be in store if I held millions of shares. Hmmm...could a share split be possible with new options being granted to the selected? How about a nice deal for the selected with a new partner? Doubt and greed make a strange cocktail.
Anything is possible.... How would a nice deal cut at 3.25 cents sound to you? Then a 20 to 1 reverse split? It's all a guess when you don't have the inside track?
Pic, if you know something that gives you absolute comfort at this juncture, what could it be? You keep saying that this junior will be big so you must have serious convictions...the ones I used to have. The fundamentals are stupendous. You are too smart to just have 'faith'. Have you been sold a bill of goods...along with others? These are questions now in the minds of all longs...no disrespect to you.
I'd say that the mountain has potential but that management can screw a good thing for shareholders.
I know some of you will counsel rational thought. That time has now passed as far as I'm concerned. Spiny is always the voice of reason so I will shut my trap now and watch all the forthcoming deliberations.
Good to see you are coming to your senses and seeing things for what they are and not what you HOPE them to be.
I say it again...someone is compromised...maybe several are compromised. And I repeat, even if the stock does suddenly spring to life...very serious questions need to be asked of those who run the show. but hey, if that happens all will be forgotten and on with life.
Please elaborate on who is compromised? Also, please give us a few of those serous question to ask?