Colorado Goldfields Inc. (fka CGFI)

[museman]

I hear your lonely voice of reason overandout.
I loyally bought on the ask at 7 and 8 and am now down nearly 40% while simultaneously the O/S has increased 50%. My measley purchases can never balance the billions of new shares entering the market. The stock is clearly in a down trend and I surmise that the company is diluting shares at the bid.
With an A/S of 15 billion and dilution continuing, my unemotional strategy would be to wait and see if we start hitting 4s and even 3s then double down. Or wait until there is a clear uptrend to buy. My dreams of 10 cents and beyond are shaken by comparing the reported assets and income potential with the O/S. I will now be happy to see a penny. A reverse split is entirely possible.
I am not bashing, and I love this company. They have expenses and no credit line.... not to mention high wages to be paid. The thoughts I expressed must have crossed the minds of others. My optimism must be tempered with a realistic look because I don't have unlimited funds to keep averaging down at every upbeat PR and subsequent price drop.