Colorado Goldfields Inc. (fka CGFI)

[golden grog]

A few posters made good points about how the short volume could be covered post R/S with the after the R/S equivalent amount of shares. I confirmed this in my research. It makes sense for MM because they most likely see the R/S being followed by a further decline in the pps. However, with a low float on shares combined with what this company actually has to offer the difference between a usual scenario and this is huge and the risk to the MM post R/S is significant. They may very well cover at a higher pps. HOWEVER, the language in the 8-K requiring an actual share turn in, or book entry form turn in, as a requirement to get the new shares appears to be very smart by the company to trap any naked short sellers. On the 20th day, or upon FINRA approval of R/S, the company will be able to see exactly who stood in line to redeem new shares with old shares; and those who cannot produce or cover. The company has seen its stock shorted into the dirt. Now its payback time. gg