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I'm pretty sure they are defunct shares now. c-g-fi is delisted and long gone. Probably should check if etrade isn't charging you a maintenance fee for that stock. Also, any c-g-f-i shares may not even be allowed as a tax write off any more.
you got that all except size of the wall for them certs',,,in early 2000's there was a lot of that "deception" going on..they do everything totaly legal, up to a point, then walk away with the money. unless you travel and walk the scene, and sometimes even then you don't know. sometimes they meant well until something or somebody else screwed it up
You got a 'one that got away' portion of a wall that you can frame and hang the losing cert on? They're good on the wall behind the bar too.
People including myself have too often said that people who buy these scams are stupid. That's not always true as these ceo's spend some money trying to look legit and can fool smart people too. One has to look under behind the curtain and that takes time and effort and we don't always have the luxury of time in deciding a trade. So, this is always a gamble not an investment.
No ticker on pink sheets or any other listing. Your c=g=fe stock probably has just a number instead of a ticker which means it's worthless. Sorry.
It's entirely possible if guyer is still alive and attached to this scam still, he can rename the mine and start all over and issue himself another 500 million like last time with c-g-fi. guyer also issued himself preferred as well as super voting shares. But rest assured, the original commons are dead and gone right now.
Your post of almost 7 years ago is still absolutely true. Guyer is long gone or dead, maybe he's till alive in one of those houses.
Either way, guyer had no intentions of operating a legit mill operation, only mining investors and traders pockets.
If the building can pass code, someone should buy the property and make it a museum for scam mining ceo's. Unfortunately, no one wants the clean up costs so it may just sit there forever polluting whatever water systems and ground tables in the area.
I too lost thousands of dollars to that "POS Guyer". Not only did he screw all of us, but the EPA had to step-in and clean-up his mess left behind at the Pride of the West Mill. Maybe they will be able to find him and hold him responsible for polluting this beautiful area? One way or another, I would like to see him pay. Is he even still alive?
heard a few years ago in Canada, the Columbia River, where it's headwaters start, has 2 mining operations dumping in the Columbia,,, as it is to close to the border, Canada doesn't get after them and on the u.s. side nobody can get any reaction from any regulatory agencies, etc., etc. then we have Hanford nuclear leaking in for many many years...
Too late! CGFI filed a Form 15 AFTER the SEC suspended the stock for delinquent filings. What idiots they are. But that should be a surprise to anyone.
It won't matter, as the SEC will revoke the stock long before the Form 15 becomes effective. It just demonstrates they would like to keep scamming as long as they can.
Good question. The company is defunct, BK. The owner is probably being investigated for fraud. It's a zombie ticker that the SEC and finra haven't got around to killing. I haven't checked lately, but I don't think my broker will let me do anything with cgfi.
Some activity on November 29th. 500.000 shares bought for 0.0005 and some for 0.0004 even though the stock is on a global lock list. Trading should not be possible. The stock is now at 0.0004. Any idea what's going on?
Way late with these updates to the crook guyer and crew who raped the POW mill and property. Let it be known that guyer has done a BK before on at least one other shell he owned and pumped stock in.
More recent news concerning cgfi and guyer. Source in Colorado has mentioned that guyer and cgfi have decided not to contest a involuntary BK against them and are claiming no assets but are just a shell.
More when finalized.
And as we know, the stock cgfi has been revoked. It's a private company now and potential BK process.
lol..pretty close to the old abandoned POW Mill that once was CGFI. I think that birds eye view is fairly recent and looks like they totally polluted that little trib going toward the river as well as made a junk yard out of the property across from the mill. Nice job guyer.
cgfi has been revoked with the Nevada SOS since 2014 as well. It's a shame that these kind of scams can continue have some sort of otcm listing presence.
Sometimes they do go alphabetically, but the specific workings of the Delinquent Filing office is not known. CGFI is 2 1/2 years delinquent so they are definitely well in the range to be revoked at any time. We don't know if CGFI has been contacted and if they have, they might be fighting the revocation, which slows it down. CGFI has absolutely no hope of curing their delinquency, but for some reason some companies in this situation try to delay the inevitable for some reason known only to them.
Second alert on CGFI being severely delinquent in filing Financials and is at extreme risk of an SEC Suspension and subsequent stock registration revocation. The last 10K was in 2013.
1454 SEC Filers have been Suspended by the SEC for Financials delinquencies. The SEC Administrative Law Judge subsequently revoked the Registrations of each delinquent SEC Filer.
Looks like they just let that toxic crap drain right into the animas river on the north part of the cgf property. But somehow somebody was able to put up 2 nice homes...
And that is why bogus mining companies like CGFI are a serious danger to the industry.
Not only do these fake companies hurt the industry by making investors think all mineral exploration companies are lying scams, but the insiders are all about the money. They only care about how much money they can mine from investors. Since they have absolutely no ability to do things right, the environment usually suffers. That is bad for both the environment and legitimate mining companies, all of whom pay for the damage of the bogus ones both in remediation costs and taxes, but the increased scrutiny and costs necessary to winnow the real companies from the bogus ones.
There is a reason why the average time for a mine to be built and to be put in operation in North America today is almost 20 years. 20 YEARS. And whenever you see broke penny stocks like CGFI claiming they can be in production in about 2 years it is a sure sign of a scam.
Considering the fact that guyer renamed the defunct mill 'pride of the west' that just so happened to be relatively near the actual Pride of the West historical mine. guyer was known to do that.
Looks like they just let that toxic crap drain right into the animas river on the north part of the cgf property. But somehow somebody was able to put up 2 nice homes...
I doubt there is really anything left in terms of assets. Plenty of debt, but no assets.
Not that CGFI's assets were really worth anything except for use as a pump and dump. They were certainly worthless for actual mineral exploration and mining. Which is why CGFI was able to get them - no legitimate mineral company wanted them. They were worthless from Day 1.
I find it odd that this thing hasn't been delisted.
It can't be delisted because it is not listed anywhere. The term "listed" is only for Exchange traded companies. CGFI is OTC. But, they are an SEC registrant and are now over 2 years delinquent with their SEC filing obligations. The Company has also been revoked in Nevada, its state of incorporation. The Company's registration could be revoked by the SEC at any time. And it is not a question of if, but when. When it does happen, the stock will be worthless.
I find it odd that this thing hasn't been delisted. If anyone is privy to any reasonably current info on this company, please update us. Of course my interest here isn't rational at this point, but merely sentimental due to my attachment to the San Juan Mountains region. For those that aren't aware, all the precious metal mining companies world wide combined have less market cap than McDonalds. The lid is going to blow off of silver & gold prices before Trump is installed in January 2017. At that point, everyone and their dog will be attempting to buy in to anything gold & silver related. If this thing isn't already dead and buried, there is a fair chance it may resurrect due to panic buying.
No comments today? Someone just made a large investment of $1.87 and was able to acquire an amazing 187 shares! This popped CGFI from .0001 to .01 and ran my still listed 400,000 shares to a $4,000.00 print! LOL
Interesting. Is this thing gonna be brought back from the dead with $2000 gold and $50 silver?
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