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Absolutely
Can anyone post a L2 shot? Seem to be moving pretty strong today.
RSI and accumulation is up nicely. Looks like this is beginning to move in the right direction. IMO!
Form 8-K for COLORADO GOLDFIELDS INC.
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27-Jan-2009
Change in Directors or Principal Officers, Financial Statements and Exhi
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
In December 2008, our Board of Directors unanimously approved an Amendment to our 2008 Employee & Director Stock Compensation Plan (the "Plan"). The purpose of the Plan is (i) to further the growth of Colorado Goldfields Inc. (the "Company") by allowing the Company to compensate Employees and Directors who have provided bona fide services to the Company, through the award of Common Stock of the Company, and to (ii) attract, motivate, retain and reward quality employees and directors to acquire or increase a proprietary interest in the Company in order to strengthen the mutuality of interests between such persons and the Company's stockholders. Considering the Company is an exploratory mining company and faces challenges in the capital markets, the Board of Directors believes that using Company common stock is an important means of retaining and compensating employees and directors.
The following is a brief summary of the Amended Plan. The following summary is qualified in its entirety by reference to the Plan, a copy of which is filed as an exhibit to this report.
Common Stock Subject to the Plan
The Amended Plan provides that awards may be granted for up to 75,000,000 shares of our Common Stock, subject to adjustment in case of a subdivision of our outstanding shares of Common Stock, recapitalization, stock dividend, or other change in our corporate structure that affects our Common Stock. Pursuant to Rule 416(a), shares registered under the Amended Plan also cover additional securities that may be offered as a result of stock splits and/or stock dividends. As a result of the Company's stock dividend effective November 6, 2008, which increased the number of shares available to be issued under the Plan by 10,800,000 shares, up to 85,800,000 shares may now be issued under the Amended Plan
Administration
The Plan is administered by a compensation committee ("Committee") consisting of at least two persons to be appointed by the Board of Directors, one of whom is an independent director, or in the absence of such a Committee, the Plan is to be administered by the Board of Directors. Our Board of Directors appointed C. Stephen Guyer, our CFO, and Norman Singer, one of our independent directors, to the Committee. Subject to the terms of the Plan, the Committee has full and final authority to select Eligible Persons to become participants under the Plan, grant stock awards to those participants, determine the terms and conditions of, and all other matters relating to awards of Company stock under the Plan, and rules and regulations for the administration of the Plan, construe and interpret the Plan and correct defects, supply omissions or reconcile inconsistencies therein, and to make all other decisions and determinations as the Committee may deem necessary or advisable for the administration of the Plan.
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Types of Awards
The Plan provides that Company common stock may be issued in connection with bonuses, or to grant stock or other awards in lieu of Company obligations to pay cash or other consideration owed under other plans or compensatory arrangements. In addition, the Plan authorizes the grant of performance awards under which Plan participates may receive shares of common stock upon meeting certain business goals or criteria set by the Committee.
Participation
Any of our employees or directors are eligible to receive awards under the 2008 Plan.
Registration of Shares
We have filed a registration statement on January 23, 2009 under the Securities Act of 1933, as amended, with respect to the Common Stock issuable pursuant to the 2008 Amended Plan.
Amendment or Termination
The Board of Directors may amend, alter, suspend, discontinue or terminate the Plan or waive any conditions or rights under, or amend, alter, suspend, discontinue or terminate any stock award granted under the Plan; provided that, without the consent of an affected participant, no Board action may materially and adversely affect the rights of such participant under any previously granted and outstanding stock award.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 2008 Employee & Director Stock Compensation Plan, as amended
L2 Shot anyone? Thanks!! This looks like it wants to go higher.
Probably will unveil the GTM and bring in the RS to allow for a better market position to finance the parts needed for all the orders that will be flying in...jmo
Makes no sense. If the news was any good. They would sell into the news at a much higher PPS. RS on the way imo.
That would definitely be a significant change in the business model.
I'm hoping for some solid news next Monday as news this week may not allow for the bounce we'd all like to see. This should start to move on anticipation!
fingers and toes crossed.
Exactly. I want to hold, but am fearfull of a RS. Seen it too many times. I would hope they let this run first.
We should have one...I have a buy order sitting at .0001
Etrade no longer allowing online orders of LHPT
Yeah, I think it is just a stand in. We probably lost our rights to the domain.
Pulled from whois.net:
Registrant:
John Bonk
337 McGinnis Circle
Collierville, TN 38017
United States
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: IPHONE2.COM
Created on: 20-Aug-04
Expires on: 20-Aug-09
Last Updated on: 01-Oct-08
Administrative Contact:
Bonk, John ebatcave@ix.netcom.com
337 McGinnis Circle
Collierville, TN 38017
United States
9013550555 Fax --
Technical Contact:
Bonk, John ebatcave@ix.netcom.com
337 McGinnis Circle
Collierville, TN 38017
United States
9013550555 Fax --
Domain servers in listed order:
NS1.PARKED.COM
NS2.PARKED.COM
Has anyone been able to find any info? This mid October will mark 1 year since trading has been haulted. I remember reading that 1 year was the maximum time given for the hault.
Probably right...oh well, just trying to stay positive I suppose.
Wow...anyone think that this may have something to do with a possible buyout?
I think you are right.
I have just enough to make some cheese if it does run, but not enough to get upset about if this flops.
It seems as though this was all prearranged. I almost bet we close green today.
Sellers below .001 appear to be drying up. IMO
BTW another hint: there won't be any merger/buy out either
I'm not saying you are wrong to think that, but where are you hearing this? TIA!
Has anyone received any email responses back from the CEO lately? He use to respond, but now he no longer replies. That in itself tells me "no progress" I suppose.
Anyone hear anything recently?
DD at McDonalds! LOL!!
That is interesting.
Interesting read. Thanks for the post. I take it you still don't see this stock rebounding?
"I don't know..I just hope they didn't switch PR firms because this new one is a little looser on the morals or anything. I mean--what other PR guy has ever posted his sell/buy history?"
I thought the same thing...
Must have been lol! I look at the chart indicators and there seems to be more positives than negatives. If we are overlooking some crucial indicators, point them out! I can make the same generalizations about where this stock is headed...lets see...
Yep we hit .0015 yesterday...my suspicions are confirmed. Chart indicates we are heading back up. Must be some more positive news on the way!
This is what cracks me up! Everyone has an agenda. It is so easy to spin everything into a positive or a negative. We are all here to make money correct? I'd like cheap shares just like the next guy, but if this stock sees anything below .0009 we are in trouble. JMHO! Here's hoping for everyone here to make money!!!
Really?...What chart indicators are you looking at?
Company probably will go bankrupt. Not being able to sell shares.
This probably has already been posted but just in case...
Revenge Designs on Myspace.
http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&friendid=187516933
Why do you say that?
Well that definitely answers my question. Looks like this could be drug out then. I bet this stock will probably start trading again before Chip's lawsuit even goes to court.
I'm not familiar with the process of putting together a lawsuit, but it sure would seem that one could have been assembled by now. Am I right? I thought Chip basically said it was cut and dry case.
Most likely. Wonder what the story is on that?
Thanks for posting that! Did you ask when the stock might be relisted? Thanks again!
Numbers off a tad.."1000 cars x $90,000 each = $900,000,000 total revenue over 4 years
Should read: 1000 cars x $90,000 each = $90,000,000
My guess is: check the website out in 2 days?