Just trying to make a buck or two!
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Dang it ficose, I thought I could pick up a little extra Grog Deutsche Marks for when we branch out overseas!!
Oh, yeah, that's right, it's now the Euro. Figures I would take the wrong currency! There goes my "traveling money".
Soon we will see bitter stories than this one, and they will be true!
$CGFIA
I believe penalties are involved, including fines, legal action and possible jail time. After all it is fraud. You can't sell something you do not have a way to deliver.
I would like to bring back the pillory and gallows, but I'm just an old fashioned type of guy!
Anyone have an official take on the penalties?
$CGFIA
Hi PNYSTKB & everyone else.
I think I need to set some things straight as far as the $145 PPS that is being talked about.
I want everyone to realize that this number was used as an example to show what the stock value would be IF the CGFI had a worth of $1 billion.
In no way do I want anyone to think that I expect the price to reach that figure in the near future.
That would be the equivalent of today's share price reaching .04 with the present 26.4 billion share count.
The $143 number is being thrown around way too much and completely out of context.
My apologies if anyone misunderstood the reference and example I made. It was in no way meant to be a predictor of an expected price.
Is it possible to hit that value? I believe as PNYSTKB posted, maybe if everything goes right and in at least a couple years. But to keep using that number as a target is just way too dangerous. There are far too many items that need to be covered first. Assay results, financing arrangements, the stock split, Tailings repository construction, and possible merger, just to mention a few.
This still is a large elephant to be eaten. Take things "One bite at a time"!!
Thanks.
MT
Thanks, GG. I appreciate your insight.
I'm not selling anything. If I see an opportunity to pick up more post split, I'll grab it quick as my budget allows.
I'm buckled in for the ride of my life!!
$CGFIA
Double (or more) company worth in one transaction. You don't see that very often.
That is monumental!!
GLTA!
CMGO
I'm just brewing up more, KZ! There seems to have been a large demand for my wares in the last few days since the R/S news.
I hope there is the same demand for shares!
(I think I can find an extra mug or two around here somewhere. Mind you it may be squeezin's from the bar rag, but you are welcome to 'whats we gots'!!)
KZ, Buddy, you left some money on the table!
You will actually have 2,500 shares, not 2,400. That's going to be the money to get to Silverton in style when the market realizes what CGFIAD has in assets (leased or whatever) and potential.
If you don't want the 100 shares, can I adopt them? I will take good care of them and feed them and give them a good home!
$CGFIA $CGFIAD
GG, what do you think the chances are of the present PPS rising to say .0002?
Just curious. If there will be enough buying pressure, it could have an effect on the post split PPS, no?
$CGFIA
I will only need to lick the cork!!
Sem1 has a good point. The ratio will be the same IF the share count stays the same for the survey investors.
It will be an interesting academic exercise. I predict the share count won't vary by more than about 10% of the total, if we can get the same sample of people to respond to survey 2.0.
JMHO
$CGFIA
And that is just the point, konshe. Will the "dilution" be a part of the formula? That is the $1 billion question.
I think with "more conventional financing" as the release said, there may not be a need for dilution.
JMHO
$CFGIA
I plan on running a survey just for the reasons you described. I too am curious about the post r/s numbers for CFGI-D
If there is any other aspect of the survey you think will be helpful, "like how much Grog did each investor needed to erase their initial shock at the 5000:1 number", let me know. If I can make it into a survey topic, I will.
I will also need to know how much Cognac to steal... er, 'buy'!!
$CGFIA , $CGFIAD (whatever it takes!)
Ak,
Since the PPS will be 5000 times better than where we are now, I am going to be hard pressed to come up with a recipe that is 5000 times better than we have now. 1000 would be a snap, since I must admit the quality has been lacking lately, but 5000?
I might have to ask Sem1 for a little Ukrainian vodka to help kick things up a bit!! (the good stuff, sem!!)
It's a navy tradition to use "good spirits" to keep the crew's spirits up!!
From grog to Napoleon Brandy in one year? It's possible!
I personally wish there would have been a better way to solve the "stuck stock" price situation, but since I do not run the company and I have no reason not to trust the executives, I believe that this was the best choice they could find.
I'm keeping most, if not all of my stock. That is my choice based on what I know from my research & DD.
(and it is my decision, after all!)
So count my shares in the locked up float.
I see no reason to make this easy for the manipulators or short sellers to bail themselves out with my shares.
I still see great potential for myself to profit handsomely.
I'm with you guys, I'm not running off with the grog locker!!
JMHO,
$CGFIA
Sure, put me under a deadline!!
My wife says I do my best cooking when I'm under pressure, so I will try my best! Maybe we should call the new recipe "D' Grog"?
She also says I win more money at the casino when I'm under pressure, and she is correct.
So how can I lose?
I like the time line too, AK. It seems like there is a good reason to tie up the sale of CGFI stock while the dry stack impound area is being worked on. That would be really smart!
If your time line comes close to the real happenings, you may have a future reading palms or bumps on people's heads!
GLTYA!
$CGFIA
Wow! Anthony, you may just be our lucky charm!
Hope that invesrmrnt of $20 bucks turns into $200,000 or more in CGFIAD stock for you!
Luck does run in streaks!
Wishing you and all the investors in Colorado Goldfields
GOOD LUCK!
$CGFIA
Mike,
Just a small correction, if I may.
That share structure is 7,000,000 A/S, and 5,700,000 O/S.(approximate figures)
Easy mistake to make right now with the numbers being so new to us all.
Your point is even better made, since there is less in the O/S than you thought!
GLTA!
$CGFIA
Reading the quarterly report will make it perfectly clear that your post's claims about salaries are absolutely wrong.
No speculation here, the information I use comes straight from the company's quarterly reoprt, a sworn document filed with a government agency, the SEC.
IN PLAIN ENGLISH, the 10Q clearly stated that:
Yeah, it is a tough decision to make.
"there are the times that try men's souls".... and their wallets, brokerage accounts and sanity!
I look at the situation as if someone slid the scale up. There is a greater range to fall to get to zero value, but a tougher climb for the opportunity to make the same proportional profits we had a chance at yesterday.
I also recognize that the value of the shares will fluctuate along the way, presenting us with opportunities to play the up and down movements of the stock.
We did not have that when we were stuck at no bid. We now have a starting point, roughly .50, to charting from.
The down side we know is zero, but the upside is the difficult figure to set. If it is a conservative $1 billion market cap, as PNYSTKB opined, that makes the PPS $140+/-. (More news and info will help set that figure.) But it puts the stock back into play for those who want to flip it a bit.
It sure is not what I was expecting to see so quickly, a R/S this big, but it is a bold move if it works. Just helping to break out the stagnant waters and getting us free of the doldrums will be good to see.
(And stop the vampire MM's who have been sucking the life out of us for so long.)
All JMHO, but there are ways to profit from the upcoming changes.
GLTY
$CGFIA
Ok, thanks.
I understand your pain. I'm at .0003, or actually slightly under, so yeah it would have been nice to see it up a bit.
But there is a chance that it may go up a tick before it becomes official with the SEC. Not much of a chance, but it may happen. (Now that would be a gift!!)
Thanks for answering. Didn't mean to pry.
Good Luck To Us All!!
$CGFIA
Dilli, why would your holdings of CGFIA be worth 50% less? Are you comparing it to your personal averaged cost per share or the market price?
What you have today, dollar wise, will be the same after the split.
Just trying to understand why you think you lose.
$CGFIA
Wow! Ya think I could get any royalties on the use of that?
Nah, I didn't think so either!
I'll be happy just to get my CGFIA profits like everyone else!
$CGFIA
Yup, that is expected, and a cathartic thing to do. I may go out into the desert and scream, or dig a hole and jump in it for a while. But in the end I'll be back home checking the progress of CGFI, or whatever the new QSIP will be.
$CGFIA
I know I won't change your mind, impact, but Guyer is in the same boat as we are.
He is not collecting a salary, and has had no compensation since 2009. So I don't see him benefiting by this situation. His shares are subject to the same restructuring as ours are.
He has much more to lose if the company fails, and everything to gain to see CGFI become successful.
The dollar value of your stock is the same today as it was yesterday. Only now there is a plan to break out of the triple zero trend that was sucking the life out of the company and try to break the DTCC chill.
JMHO, and I wish everyone good luck.
$CGFIA
That is how some see it, MP, others see "R/S" and think it is death.
I tend to think it is good for CGFIA, as long as it is handled correctly.
Now this is Guyer's area of expertise, so I think I'll bet on "hold for gold" this time.
$CGFIA
I think we all have fat fingers today, Mike!
At least we now have official word from CGFIA.
Now they need to keep the info flowing and the share price up until production starts.
I'm still holding on. I see no changes in the basics of the company.
They still have a mill, still have mines, and they have a permit approved. Now we know the restructure was intended to attract financing and remove the DTCC chill.
All the ingredients are there for a successful venture. IMHO
Let's get to work!!
$CGFIA
Email out from CGFIA:
Colorado Goldfields Wins Permit for its Pride of the West Gold Mill from the State of Colorado with Projected 5-Year Gross Revenue of $200,000,000; Board of Directors Declares a 5000:1 Reverse Stock Split
LAKEWOOD, CO - Colorado Goldfields Inc. (OTCQB:CGFIA) announces that the Company has received approval of its Reclamation Permit Amendment (AM-03) Application for the Company's Pride of the West Mill.
The Pride of the West Mill, near Silverton, Colorado is located within the famous "San Juan Triangle" mining center of southwestern Colorado, which also includes the historic mining towns of Telluride and Ouray, and encompasses one of the most richly mineralized areas of North America. The mill has the capability to process five metals: gold, silver, copper, lead, and zinc. The mill has an ultimate capacity of 700 tons per day.
Colorado Goldfields has received over $9 million in preliminary purchase orders for toll gold/silver ore milling in advance of the permit process completion from gold/silver ore mines in the area, including: The Silver Wing, Red Arrow, Golden Wonder, and Ruby Trust.
"This event materially transforms the Company. The approval has brought renewed attention to the Company's acquisition plan. Inquiries have already been received from several of the 23 mines within 25 miles of the mill, which have confirmed viable ore concentrations representing an estimated $3 billion worth of metals still in the ground. We believe that the Company is now in a position to access meaningful capital funding on reasonable terms," stated C. Stephen Guyer, CFO of Colorado Goldfields.
Contributing to the design was Bryan Ulrich, P.E., Senior Vice President for Knight Piésold Consulting. Knight Piésold is an international consulting company providing engineering and environmental services for mining, power, water, transportation and construction sectors around the globe. In the late 1980s Mr. Ulrich completed the site investigation, analyses, design and resident engineering for the Sunnyside #3 tailings facility in Silverton, which converted the facility from a cycloned operation to a conventional earth-fill dam and ended much of the dust problem that was previously attributed to the facility.
The Colorado Division of Reclamation, Mining and Safety finalized its decision to approve with conditions on August 9, 2012.
Consistent with the new character of the Company, the Board of Directors has approved a 5,000 for 1 reverse stock split of the Company's Class A Common Stock as of August 21, 2012, and has filed the necessary material to effect the reverse split with FINRA. The Board of Directors believes that the current market price of the Company's Class A Common Stock is impairing its acceptability to certain investors, clearing firms, and other members of the investing public, and has approved the reverse split in anticipation that it could result in a significant improvement in the per share price of the stock.
C. Stephen Guyer, Chief Financial Officer of Colorado Goldfields, stated, "We are effecting a reverse stock split to better align the stock price with the Company's accomplishments and operational objectives. Further, we have performed extensive multi-variate analysis surrounding this action. We believe this transaction will broaden our shareholder base, increase the appeal of the stock to investors, and help facilitate electronic transactions of our stock through DTCC. While reverse splits are sometimes viewed as a negative event, we strongly believe that this split will provide benefits to our shareholders by improving trading accessibility and liquidity, thereby enhancing long-term shareholder value."
Every 5,000 shares of Class A common stock of CGFIA will automatically combine into one share of Class A common stock. The Reverse Split will reduce the number of shares of outstanding Class A common stock from approximately 28.2 billion pre-split to approximately 5.7 million post-split. The number of authorized shares of Class A common stock will be reduced from 35 billion to 7 million. Proportional adjustments will be made to Colorado Goldfields' convertible notes and equity compensation plans. All fractional shares will be rounded up to the nearest whole number. The Reverse Split will not negatively affect any of the rights that accrue to holders of CGFIA common stock or common stock equivalents. The reverse split is not a taxable event to existing stockholders.
"The agency conditions regarding the tailings repository are modest and we expect to complete the additional analysis within 90 days. At the same time work has commenced on other areas of the facility. The future of Colorado Goldfields is bright and our confidence level is high that the Company will become a leader in mining and milling in the state of Colorado," said Lee R. Rice, President and CEO of Colorado Goldfields.
Yes, Anthony, they are in the same situation as we are. Their shares get treated just like ours do.
They stand to gain or lose right along with us.
And since no one in CGFI's executive positions are being paid a cash salary, the idea that they are "collecting our cash" is nonsense. They get paid in shares of stock, when they get paid. But they haven't taken any compensation in quite some time.
We all sink or float together.
$CGFIA
Don't know about how those will be reevaluated. I think they will have the same ratio, but I'm only guessing.
We need to see something official from CGFI that has all the details.
Maybe the SEC filing will be up soon. That should have more info.
$CGFIA
We need to change our perception by 5000 times.
That is the trouble with the intangible "money on paper" like we deal with here in CGFIA land. It is tough to recognize easily.
Give me good old $100 bills, and I know what I have!
It's not the number of shares, it's the value that really counts.
Right now we are even, dollar wise.
Let's see what the MM's do when they all try to cover their short positions with only about 3 million shares out in the hands of the general population. (Beyond the Armada and CGFI officers.)
Squeeze them like a tube of empty toothpaste, and they all scramble to cover the short position they have taken.
$CGFIA
Oooooh, she's gonna get you for that one RKY!! Don't fall asleep near her if she does!! LOL
Some information to help you with the CGFIA split calculations.
And by the way, check out the stock on board that you are a moderator on, that CGFIA has as a merger target, and look at the way the shares were priced after the stock split occurred at American Sierra.
There is a real life example of how the new shares are priced the days after a stock split.
It is obvious that market cap DOES play a part in the price structure. Why would it be any different at CGFI?
Just keeping the information real and simply clear.
$CGFIA
Save me a seat, Im going to join you!
I'll even gring some Bourbon for the big gulp and my own medication! (We can mix and match a few differeny colors, RKY!!)
No plans for tomorrow, so I might as well watch the $CGFIA show. Better than HBO!
From the SOS of NV web page:
Par Value Shares: 35,000,000,000
New Stock Value: Par Value Shares: 7,000,000
That's 5000 to 1.
Your post clearly said:
Sergey will bring VODKA!! it is lighter and does the job faster!
WRONG*!*.
Look at the numbers again.
the $100 is still $100.
Trying to manipulate the numbers doesn't work here.
Your 1000 shares will be worth .10 EACH, or
1000 X .10 = $100
Now we know the basis for calculations submitted, we can adjust the translations accordingly.
You are off by a factor of 10!!!
$CGFIA
I'm not predicting anything. Last time I predicted a PR, we got news about some other company's merger!!
I'm strapping in to my seat, grabbing the barf bag and a blanket. The air may be bumpy soon, but it also could be a smooth flight.
Our "armada" just may be airships, not boats!!!
Extra Grog for the guy who still knows his way around the calculator, Akula!!
Thanks for the accounting once over.