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probly wasting your time.seen similar responses from paid pumpers/insiders supporting other scams.maybe just weak math,but unlikely.
new story when goes sp.
yes,'paid management has lost every cent of investers money.'
management change in 2008 continues the same invester losses.
the only reason Ive made money is im a flipper.
do you know what an invester is?
cgfi incorporated 2004.became cgfia in 2009.cgfid in 2012.now cgfi again.need to continue yor dd.
you made money,your not an invester.your a flipper like me.
sp next
you ask,'How is a Company in the Developmental stage a scam?'
answer:when its been in developmental stage for a decade and paid management has lost every cent of investers money.
look up'scam'in the dictionary. carl's pic should be directly to the right.
learn the hard way.no such thing as averaging down pps in pinkyscams.only bottom when scam ends.cgfi(a-d)was not created to return profit.makes profit from investers.carl wont return correspondence becuz it can be used in court of law.he wont have that.
for suckers,nothings coming next week/month/year.
cant say nobody told you.
watch and learn.
STOP!
9% increase after 5000:1 Reverse Split?
who are you talking to? Newbies?
lol
up 9.1%?
from 5000:1 RS?
r u serious?
yw,Ak.hav good weekend.
not what you know.who you know. happens alltime in pinkys.
just another day.
today money on 5 trades in 3 minutes.
10q comes breakthru 01's.
326,100
no.expect another employee comp plan b4 that.middle jan should see subpenny.
great day.up on 5 trades 36%.
go cgfi.
timing not cgfi strongpoint.dont hope on financing.subpenny next when 10q released.
every 10q from 2009 followed by pps drop.every 10q.
history best teacher.
brendan,my suggestion to you is to gather as much fact as you can.I would ask Carl these questions and hope to clear up some of your concerns.as 567tbd already stated to you,the answers arent on a msg board.
OMS,great points and my point.one shouldnt present supposition under heading of'FACT'.
unfortunately,some do.
my knowledge of cgfi(a-d)is based on DD.began following in september after receiving penny pump email.took 20 minutes to recognize scam.became curious as to origins,continued tracking back.found no revenue stream,no performance data,no insider qualifications.legal documentation only consistency.
from shorters perspective,this is a diamond.
if you choose to refer to me as liar or having nerve,
I refer you to your own post 59841.
quote:
'FACT: It will be 6 Years this summer/fall when Mill Processing will begin...'
where does that 'FACT' come from.
since when do predictions into future qualify as'FACT'?
believe its out of necessity.mill too small to operate to todays efficiencies.and colorado will never allow expansion.investers sold a bill of goods from day mill was aquired as asset.but makes attractive carrot to entice new investers who dont read much.
shorters dream.
ignorance may be bliss.
but $.029 is reality.
much more than has been admitted.and done in good weather.
earliest guesstamit,2 anahalf years.including another RS.
everything hinges on operational mill permit.wont happen.conditional permit at best.would be more like a hobby business.could go on silverton historical tour map.sell hats,teeshirts,trinkets.mill run on seasonal occasions for tourists/curious spectators.
will never be serious mining/milling company.
most investers known this for years.
shorters known it long time.
dollar pps projections way off base.current rate of dilution,10 cents is questionable.
good humor.know what a payloader looks like.also know you can park one anywhere,just dont block traffic.
been moving dirt for 6 years?thatsa buncha dirt.
do some dd.youll see a common thread thru the years:lots of stock sold,lots of stories told,insiders paid handsomely,minimal work performed.
dont listen to me.
pps speaks for itself.
and when did this become a FACT.....
'FACT: It will be 6 Years this summer/fall when Mill Processing will begin.'
sounds more like'IMO'than'FACT'.
'FACT: It takes approx 7 to 10 Years for a Mining Company to get from Development to Production!!!!'
following statement,sometimes paraphrased,can be found in any PR over last 6 years:
'Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.'
maybe cgfi hasnt seen your FACT.
have done dd to 2005.your same talking points raised from beginning.
these are facts:
presenting new stories,taking invester money,returning nothing.
many millions $$$$$ vanished since 2005.
all invester money.
consistent failure to deliver.anything
thats why its shorters dream.track record like this not easy to find.even in pinkys.most last 1-3 years.
you know better.post counts important?thats your priority?
hows everything in the 49th state?
and thx mod.we know.
in this case,truth is a broken record.last 4 posts are ppl saying how wonderful things will be.brendans hopes r beyond classic.
research 2012,2011,2010,2009...same story,different year.only difference between you and earlier investers is theyve already been buried.your next.or in it.
scam was created to take invester money.thats all it does.
guyer/rice and fearn thank you.
this is shorters dream.
ask guyer,if you can find him.
since you asked.......
1.low float.
pps gone from .50 to .02
maybe not low enuff?
2.closing/purchase of claims.
expensive dirt unless somethings done with it.
3.shorters.
company dumps shares at bid or below.appear as short sales.
guyer did today.been doing it for years.
OS over 100 million this month.
btw,this casino came to you.
house always wins.
how do you explain OS going from 6 million to 65 million in last 4 months?
and pps going from $.50 to $.02 in last 4 months.
shorters?
your scenario is proper and admirable to a point.you unfortunately neglect to observe this for what it has always been:a nevada pinky scam.
no givebacks.shareholders give.
how do you figure?he's paid in shares.makes money whenever he sells.
considering the performance of the stock and company,he's grossly overpaid.
also, its not coincidence that cgfi is incorporated in Nevada.
which assays are you talking about?the ones said were taken a year ana half ago but not published?
you think if they knew there was billion $$$$ in the ground theyd keep it secret?have you followed pps of cgfi(a)(d)?
do you know how to spot a pinky mining scam?
with LOTS of luck,this may be year of'conditional permit'.with no chance of buyout as real miners dont buy conditions.also 700 ton mill with conditions doesnt bode well for revenue.especially with managements non experience.
but getting ahead of myself.still dont have permit and selling stock like jelly beans.
happy new year.
not hardly.last trade at 4:01pm,$.029pps.
after hour trades dump pps.been going on for years.
insiders(and associates)cleaning up at invester expense.
looks more like a scam.
amongst humans,trading has gone on for thousands of years.thru out that time,fingers xx'd has proven a poor strategy.
in my dd,ran across this statement
hundreds of times,
'We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.'
I know,its confusing.my apologies
eliminates spring.tell brendan.ty
still say summers a stretch.
you keep'hoping'for spring/summer.fearn already stated mill not operational untill Oct '13.at best.
so it can go down again.guyer taking holiday break.dilution will continue next week.
subpenny next.
found that while researching.shareholder meeting in silverton in january.how many showed up for that?
published in company employee compensation agreement.been paid $25000/mo since 2008. mostly paid in shares.its how he took control of B shares.votes his own salary.he pays for nothing.
investers pay all.
$25,000/mo.....$300,000/yr.....$821.90 day.....includes weekend and holidays.
still gathering info on CEO/CFO:
Leeroy Rice....CEO CGFI....70 years old....geologist....CEO of first company he's ever run.
C.Stephen Guyer....CFO CGFI....59 years old....personal business website,
http://www.guyermanagement.com/
claims financial turnaround artist.
cannot find one reference anywhere to companies claimed association.no mention of CFO position with CGFI.
if someone can elaborate,please do.
very accurate observation. started following this company back in september.got unsolicited pennypump spam.decided to investigate.
have gotten back to 2004.
Todd Hennis starts cgfi.tells stories,sells 95 million shares.
2008,Leeroy Rice/Stephen Guyer take over.ticker changes to CGFIA,500 million B voting shares created,30 billion A shares sold over next 4 years.Guyer now owns 90% of B shares.
2012,5000:1 RS.ticker back to CGFI. destroys all shareholders.
thru all,pumpers continue selling worthless hype regarding assays,future funding,pending permits etc.
company insiders pay themselves from shareholders money.Guyer takes $1000 a day.
Company has never earned any money from day 1.