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Silver Falcon Mining, Inc. Message Board

  • eight.ball63@rocketmail.com eight.ball63 Jan 6, 2013 9:17 PM Flag

    *** JMJ Financial Shorts Stocks ***

    If you want proof, read the RMCP lawsuit in Charleston County. You need to dump this stock, read this:

    On November 30, 2012, JMJ submitted a conversion request for $54,079.20 of indebtedness under the June Note, which by JMJ's calculations would have required the Registrant to issue JMJ 3,000,000 shares of Class A Common Stock.
    On December 12, 2012, JMJ submitted another conversion request for $52,360 of indebtedness under the June Note, which by JMJ's calculations would have required the Registrant to issue JMJ 3,500,000 shares of Class A Common Stock.
    The Registrant did not honor either conversion request because of the Registrant's belief that JMJ was impermissibly shorting the Registrant's Class A Common Stock, and was improperly manipulating the market price of the Registrant's Class A Common Stock. On December 17, 2012, JMJ issued the Registrant a notice of default. On December 18, 2012, JMJ sent the Registrant a Notice of Acceleration for immediate payment of all amounts due under both Notes. On December 21, 2012, JMJ filed a lawsuit against the Registrant and Pierre Quilliam, the Registrant's chief executive officer. The lawsuit seeks a judgment against the Registrant for all amounts due under both Notes. The lawsuit also seeks a judgment against Mr. Quilliam for amounts due under both Notes on the theory of fraudulent inducement and/or fraudulent misrepresentation. The Registrant intends to defend the lawsuit vigorously.

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