Colorado Goldfields Inc. (fka CGFI)

[M_T_Pockets]

Ok, so the sell off last Monday came at the time a when a convertible note matured. Those stocks most probably came from the conversion of that note (or another note), exercised a few days (or weeks) prior to the sale.
Speculating here: The lender most probably identified a time when they could convert the loan and get a price of .0002, or .00025 for the converted loan amount. Then if the lender sold those same stocks for .0004 (the ask last Monday) the lender gets the 30% discount at the time or conversion, plus the 160% or 200% mark up from the sale.
That explains how they can afford to pay for a small army of promotional posters for the time during their stock sell off. After all, they just received as much as 230% of their original investment for a relatively short term investment.

That builds quite a case against those who think that large stock dumping must always come from the company or management.

It is quite interesting the things you see when you have the time and put in the energy to understand this debt situation.
Thanks, Professor! I owe you a grog or two for this one!