Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GO GTGP!!!!!!!!!!!!
Great post MarkieMoo.
This thing might actually trade like a normal stock now.
It NEVER would have/could have pre-r/s.
$CGFIA
That's a nice load to carry into the 'new and improved' CGFIA.
I honestly hope we're all chasing out of the gate and never look back. Scrambling to buy this at .75 and higher.
I'm trying to scrape up some snaps as fast as I can robe ready, either way.
$CGFIA
Thing are going to get pretty exciting around here these next two weeks, haha. Happy to be a part of it!
GO $CGFIA
'another great day here! GO GTGP
Fidelity
GO $CGFIA
Anybody care to lay out the chain of events on the 31st?
(Is it actually the 31st or is any day around the 31st?)
Anyway, will I still see my existing CGFIA position in it's entirety? Or will it go away for a few days and all of a sudden show up as CGFI? Or CGFIAD? Never been through one of these personally, just watched from the outside. Can we trade the new stock on the 31st? or would it be Monday the 3rd before we can buy?
GO $CGFIA
Why on earth would I buy more of this scam? It is a scam. I want out, but cannot give my shares away.
$21 dollars worth? LOL
Ugh. C'mon man.
Guyer's wording on the financing is a little vague.
Says they "have access to" financing.
Does not say they "have accessed" financing.
I'm holding my chunk through this thing, I'm hoping Guyer does NOT do an a/s increase before conditions are met, or after for that matter. If he does, he will have really hosed his shareholders again. He could've just hosed us once and done a 1000:1 r/s to accomplish the same thing.
He HAS to have the financing to meet these conditions by March '13. There's no way he could afford to pay for them otherwise - even with dilution.
I'm banking on the fact he will not dilute and we will have a winner here with an insanely attractive s/s.
GO $CGFIA
Our time is nearing... GO GTGP!
"This was a significant R/S that will bring the A/S to 7 Million. Then another structure change where the A/S goes to 50 Million."
Yeah, THAT would suck.
I noticed Guyer did not say that he HAS ACCESSED financing, but that he HAD ACCESS TO financing. Big difference, and I believe he chose to word it the way he did on purpose.
Argh.
Can I sell my shares at the 5th decimal? I just want out of this POS, now. Sick of looking at it in my portfolio. How can I rid myself of this horseshit?
I honestly thought Guyer would r/s to whatever it took to get the A/S under 1B. I didn't see it this extreme. Yes, it did not put us in the best share quantity/value position on this new structure. Really sucks, actually.
HOWEVER, going forward, assuming no further dilution, the share structure rocks. If Guyer would've done anything less, I think we would all be at a serious risk of deja vu. It would have been that much easier to short and manipulate. It has the ability to be 'very tighly held' under the new structure, with 1B shares - no way. We would have seen the same games we've been seeing.
I think you'll do ok with your sell. You'll either be able to buy a lot more for cheaper, or you'll have time to jump on it if it starts moving north of .50. Either way, you did what you felt you had to and didn't lose anything doing it.
Problem is, if there's 100 of you that are longs, and you all just sold all of your shares, the float/structure is left wide open (we have lost that much more control.) It's about putting your money where you're mouth is in the end. But if you have no further cash available to invest in this post r/s, then you may have made a wise decision. I guess we'll all see soon.
GO $CGFIA
Great, thanks.
GO $CGFIA
567, will action be required on our part for this or will our brokers be handling all of it?
GO $CGFIA
"but it sure would be nice if we held the float."
As I mentioned earlier, I'm in a stock right now in which we longs pretty much control the float. Sure we lose a few here and there, but one of us steps up and buys. I'm up over 500% right now and it is solid as a rock. And this is technically still an accumulation phase before the hammer drops on that one. It is a very interesting (wonderful) thing to see that in the pinks. Not trying to mention other stocks, other than the fact that this new share structure looks to be even better than that one. One key about that one: there is ZERO dilution. None, nada, zip. When the flost is controlled, it is VERY easy to see what is happening from the trading behavior. Pumpers try and come in here and there, and we can see that, they'll pop it up a little bit, but then they'll be gone by week's end, none of us are even phased. The shorts and MMs try n have their way with it and they may make a dent for a week, but it pops right back and holds.
I think I'll hold my 40M through this and try to gather up some more $ to have at the ready in case/when she drops. I have to walk the walk if I expect others to I guess. Even the wife told me to hold through it, LOL. I think bringing her out to the Mill on a romantic Silverton/Durango camping trip has clouded her judgement, LOL.
GO $CGFIA
" 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 "
Am I the only one that finds this wording slightly strange?
They say they have access to financing, they don't say they HAVE ACCESSED that financing.
The risk of dilution, post r/s scares me too. I mean what did Guyer JUST do a few weeks ago? He filed for another 25B. Yeah he cancelled it (we're assuming because of the permit), but what if he said screw it, I'll r/s, then dilute, 60B is just too many shares.
I'm still on the fence here. I slept on this and am still a little weary of ol' Guyer. He JUST kicked us all in the teeth 2 days ago.
Again, the more I think about this, the more it seems this will head south before it heads north. 90 days for conditions is a glacier-era in penny stocks. People will sell out of impatience, and this thing will head south fast. I think Guyer could've timed this better. Still thinking here.
GO $CGFIA
That's one of about 6 million dollar questions I have here. However, I'm pretty sure I wont be buying more until after the r/s. I'm 'good' with my position here.
I'm still betting this takes a pretty healthy nose dive immediately following the r/s. If it doesn't, I think you'll have more than enough time to buy in at the .50 PPS. .50 PPS is pretty damn pricey for a penny and I think a LOT of shorts and MMs are going to try and take this thing down ASAP, out of the gate. I guess we'll see. Have powder at the ready.
GO $CGFIA
We couldn't have that now! That would be insider info! Yeah, right.
Holy cow what a day. A range of emotions. My wife's like WTH is going on with you today (and last night) LOL. Pretty freaking pissed about the situation, but I'm getting better. You have to get pissed and get that out before you can look at the situation objectively. At least I do.
At the moment, I'd like to shake Guyer's hand and congratulate him on getting CGFIA where it is today, and then I'd give him a solid kick in the balls for his lack of communication and leading us down the road to an r/s.
So when will this thing be frozen? Friday? Tomorrow?
GO MF'n $CGFIA
I think the lightbulb is starting to go off.
I mean seriously take a look at this new share structure / potential float. Forget the r/s for a minute. Forget what your existing investment is / was / will be. If longs hold there positions and bring new money in here - enough to keep the PPS from imploding, we are looking at a once in a lifetime opportunity here (ok, twice in a lifetime(I'm in another one that is unreal, to say the least)). Forget the hurt feelings and portfolios for just a second and imagine how volatile this thing could really be.
Quite a few longs have said they've got a lot more dry powder waiting. AK, 567, others. We cannot control the hundreds of flippers that are getting out and will sell post r/s, that's a given. I can also not cry over spilt milk - I knew the risks. I was willing to lose all of my investment - that simply hasn't and won't happen.
Gentlemen, this thing is big. I mean freaking HUGE. I'm going to buying the snot out of all I can post r/s. the potential here with only 7M auth is amazing. Yes the r/s really sucks and we paid a LOT for these new shares, but so what. We'll get that back and more. I personally am very happy to be amongst a strong, resolute group of longs that aren't going anywhere. The other stock I'm in is the same way. A very, very tight group with steel fists that pretty much control the stock. That's what we need here.
GO $CGFIA
No doubt CGFIA will be the mining stock to buy.
And buy as much as you can get. It is hard to tell what will happen to the PPS immediately in the short term, post R/S. I am still maintaining a large (for me) core position here through the R/S. But I sold a small portion at no loss to hedge against the possible PPS drop. If it drops significantly, I want to be able to buy as much as I can at those cheaper prices. I will probably put new money in here as well.
I definitely see multiple dollars here, just don't know when or what the joruney will look like getting there.
CGFIA is stronger and closer to their goal than they have ever been. That's the truth.
EDIT: SELL ORDER FILLED
_________________________________________________
Thanks for letting us know.
So far I've had my 5M .0001 sell order in for exactly 32 minutes without it being filled. My guess is I'm not going to be able to sell any here. In the past with Fidelity, it was sometimes real tough getting the 1's when others with other brokers could get them. I have a feeling it'll be the same here. Looks like I'm riding this train all the way down LOL!
Won't have much cash if any to buy the double zero cheapies when they're available.
Thanks for letting us know. I think 90%+ of today's volume is retail sells.
I've got a small 5M chunk up for sale now, to see if it goes. Fidelity has been a pain in the past - we'll see if it fills.
If it does, I may put up half of my stake here, so I can hedge against the plummeting PPS and still have some cash left to buy the double zeros. I'm doing this because I have a .000125 average. If I had a .0002 average or higher, I'd probably just leave it all in and check back a year from now.
Damage control - gotta love it.
Have you or anybody else been getting your sell orders filled today?
I have a feeling this volume we're seeing is retail selling. iHub shows it as buys, simply because we're at no bid. Any transaction done, at the same price as the ask, always shows as a retail buy, which is incorrect.
I wonder if Guyer gave longs a few days as a gift to GTFO before this thing happens. Will the MMs let us, is the question?
Anybody here sold yet? Decent volume today. Wondering if it has been retail sells or buys. Hard to tell if the MMs are showing the actual goods.
I will say this, post R/S, after the PPS has bottomed, this stock, to a new investor is a dream come true. Very attractive share structure with insane potential - many, many bags for sure.
For those stumbling across CGFIA for the first time, or those that have been waiting on the sidelines patiently, in about 2-3 months, if they buy and hold long-term, they could very easily end up millionaires. Think of all of the Yahooligan bashers that will probably be scooping up all of the double zero shares.
Unfortunately I've mostly blown my wad on this thing, helped to get it to where it now in a very small way. It saddens me deeply that I got the short end of the stick on this one. I feel for myself and those with a much higher average as well. Years from now, while we may get a bag or 5 out of this, it will pale in comparison to what the new investors will be getting with their similar $5K+ investments. ARGH. Just venting out loud here.
Bottom Line - That 50, 100 or 1000 bagger most of us were dreaming about? That's gone.
WHAT YOU HAVE CURRENTLY INVESTED has lost significant value potential.
This R/S will be great for CGFIA - we all knew it was coming, we all knew it had to be done. This allows CGFIA to finally trade like a normal stock (assuming it doesn't go back to trip zeros.)
What I predict will happen is this may see a brief rise to close or right over a dollar, then it will tank WAY down, single pennies or even double zeros. The investment you have right now will be worthless. 10ths or hundredths of what it is now.
NEW buyers will be getting this for CHEAP, while the rest of us bagholders will be trying to average down, or selling altogether. There will be panic selling - this is what will drop the .50 PPS down to pennies or lower. While I will have 9,000 shares (45M now), NEW investors will be scooping up 50,000 of the new shares at a cheaper cost than I paid for my 9,000.
Keep in mind, we still have to get through these conditions BEFORE we are allowed to mill anything or make any revenue. This fact is the reason this will be dropping. If we were milling and generating revenue right now, I could see this popping into multiple dollars, right away. There is many, many months of work to do to meet those conditions. Those many months are going to be brutal on the PPS.
It's a double edged sword for Guyer - he's stuck. The old share structure was worthless - he couldn't attract new investors to raise cash. But he needs cash to meet these conditions. Only way to do that is to change the share structure. Problem is when he's doing that BEFORE this company has even made a single dollar to their name? Before we actually have a permit to mill? He single-handledly guaranteed the new PPS to plummit drastically.
Again, all existing investments took a huge hit on value. So let's take a look at the long term. Realistically, if he's doing his job, by March '13, we could be milling. I highly doubt it will be before then - there's a lot to do. So now the PPS is down in the double zeros. We may see a rise into the pennies. Who knows, we may see a rise back to 50 cents where this started. If large institutional investors start buying (if they even will when the PPS is that low) we may pop over a dollar, then a few dollars. This could be June/July '13. So a YEAR from now, us longs might be back to a break even point.
WHAT IF GUYER RAISES THE A/S AGAIN? Is this possible? Absolutely and COUNT ON IT. That's how Guyer will raise the cash he needs. HE WILL ABSOLUTELY NEED TO DILUTE THIS BEYOND THE 7M A/S AGAIN. COUNT ON IT.
This is just not a good situation for existing investors here. Great for CGFIA, great for new investors, great for shareholders with enough cash to average down. But it will be a chase down and it will be another year out before we break even in my opinion.
Hope I'm wrong and this thing kabooms on hype alone, long enough to carry us through the conditions completion. It would be a first.
I don't see the PPS going over a buck in the short-term. There would have to an epic PR from Guyer, timed perfectly. It's just way too soon to expect multiple dollars out of this thing right away IMO. I think new investors will wait for it to drop before getting in.
Problem is for all of us existing shareholders is our shareholder value just got flushed down the toilet. Sure we can buy more, cheaper shares as this thing falls, but what about our existing significant investment. What if most of us are already invested out?
50 cents sucks. 5 cents would have been worlds better for the shareholder.
A lot remains to be seen. And years at trip zero sucks too. But dang, 5000:1??? I guess I'll just wait and see, and pray. Not much else I can do.
So what is the new PPS, post R/S? 50 cents?
This is nuts. This puppy's going sub-dime or lower before we're even able to change our underwear.
Unbelievable news tonight.
Can I have that $300 back that I just used today to buy 3M more shares plz? It might be the only thing left out of my $5,500 invested here.
I think panic is an understatement. It's going to be quite the show tomorrow morning. I'll be commuting and in a meeting during the first opening hour, LOL.
Lord help us all.
Huh. Not sure what to say here.
WOOT! 7B. Next goal -> 8B.
I just remembered I have 1M in my Roth account, LOL. Straight forgot about that hundred bucks, er $92.01 after fees, haha.
I'll add it to the Armada.
GO $CGFIA
Great job folks. Next we need to see a SEC showing that Guyer just pulled 5B off the table, for an even 30B A/S.
Some pretty major accumulation at .01 today. If this can hit the 2's before the mgmt dilutes/poops another bunch in here, good $ will be made.
Agreed, I think we all hope for the end of 1's. I've wished for that when I bought my first 10M @ .0002, long ago.
But with the chill/manipulation/dumping/whatevers, it's a hard pill to swallow payin' double - especially when you can't buy 2's if you tried, lol.
Take heart folks, our time is nearing. We'll all be saying WHY ON EARTH DIDN'T I BUY MORE 1's!!!!!!!!!!!!!!!
GO $CGFIA
Let's hit 7B today everybody! I did my small part, LOL.
GO $CGFIA
Oh, and, GO $CGFIA
Break that puppy up into multiple orders of 9,999,999 - it'll go.
DANG LB, DANG.
GO $CGFIA
Agreed davidio. There seemed just a hint of vagueness concerning the conditions. This clarification request from Guyer, along with the reply from Wally leaves no questions. It's all crystal clear. Kinda nice to see that clarity for a change.
It's all on our man Guyer now.
GO $CGFIA
All I know is the POW better be a bustlin' with activity. There is absolutely NOTHING holding these guys back from gettin' this done now. GREEN LIGHTS all the way. Somebody check me if I've missed something.
GO $CGFIA
Just picked up another 3M for 45M total. 5M more to go...
Also, just updated the Armada MT.
GO $CGFIA
We have had no volume for months. NONE. ZIP. NADA. We haven't heard from the CEO. He doesn't care either way about the shareholders or the lack of volume.
This is a scam, straight up. Plain as day IMO.
Thanks for all your work odega. For all our sakes, I hope you are successful with the SEC/FINRA.
Let's have a good week here.
GO $CGFIA