Colorado Goldfields Inc. (fka CGFI)

[pgilmore]

If we are fools then they too are. One look at their financial reports show that they ALL have taken big blocks of stock in lieu of cash since they are tight, if we go down so do they. Unless our stock was cancelled, but after publicly announcing that it will be recalled and reissued they would be opening themselves up to a multitude of lawsuits.

As I see it, when the morgage market took a crap, mutual funds dumped everything that wasn't golden to cover their ass...that's what dropped CGFI's stock price from .67 to where it's at now. Granted they are hurting right now but I still think they will pull out. Will pull out and make us a shitload of cash. It COULD go to pieces, but I think they will make it.

But as I said before I will wait for the reissue before I buy again.

However, your mileage may vary. Best of luck, fellow investors....Phil