First off just because people dont read it does not mean you should make them feel like total morons. This is a great way to lose new members, so if your happy with only the people here now then so be it.
Secondly I DID look for an answer and what I found was conflicting and so I wanted to clarify which is why I asked. God forbid I ask about a rule that was conflicted IN YOUR FAQ'S. How dare I do something so ignorant, I definitely need to be made to feel like an idiot. Thanks for that.
Here is what I found regarding editing deleting posts when I went to the FAQ'S and searched it
Can I edit or delete my posts?
If you have registered and are logged in, you may be able to edit and delete your posts (although the administrator may have turned off this option). Your ability to edit your posts may be time-limited, depending on how the administrator has set up the forum.
To edit or delete your posts, click the Edit button by the particular post. If your post was the first in the thread, then deleting it may remove the entire thread.
Once you've made your modifications, a note may appear to inform other users that you have edited your post.
If the edit time and date appear as a link you can click on this to see the differences between the original and edited versions, or between edits if there have been multiple edits.
Can others edit my posts?
Administrators and moderators may also edit your messages. If they do, there may not be a note telling other users that the post was modified.
If the rule is that YOU CAN'T edit your posts after 12 hours than this verbage needs to be changed to say JUST THAT. This verbage leaves it open that maybe/maybe not.