Capital Financial Global Inc (CFGX)

[Huggy Bear]

CFGX is a total scam story, and this is just the latest plot to draw in the unsuspecting or next get rich quick crowd, the shift back to the sub penny gold mining scheme.

Besides, who would sell gold for 25% off spot gold prices? Does that make any sense whatsoever? Finding a legitimate refiner or a legitimate buyer is not that tough for legitimate gold producers. There is no need for a middleman (CFGX). It's a scam.

There are claims floating around that CFGX is owed 5.1M dollars, and will recoup some of these revenues. Pfft. CFGX exchanged 1.7M preferred shares of worthlessness for 1.7M of distressed and deeply discounted debt, which is somehow worth 5.1M that CFGX is going to receive in the future.

How much actual capital did CFGX loan out to be entitled to this 5.1`M owed to them? The answer is zero. They traded worthless preferred shares for worthless and uncollectable debt. Makes for a good story though.

Huh? The market in general is a net zero sum game. In this instance it is an exchange of worthless preferred shares for equally worthless debt, because none of it will be realized, and the purchasers of the shares will receive absolutely zero fundamental worth from this transaction.

It is all a slightly above average complicated ruse to bilk the public here. That is what is on the plate now and since inception.