Colorado Goldfields Inc. (fka CGFI)

[golden grog]

From the 14C filed:

"Although such issuance of additional shares with respect to future financings and acquisitions would dilute existing shareholders, management believes that such transactions would increase the total value of the Company to its shareholders. The increase in authorized Class A Common Stock will not have any immediate effect on the rights of existing shareholders."

WELL, I FEEL BETTER ALREADY. THEY TOLD US THAT THE INCREASE WILL NOT HAVE ANY IMMEDIATE EFFECT ON US. I DON'T KNOW BUT THE DROP IN PPS FROM .40 TO .17 IN DAYS BECAUSE OF THE INCREASE IN A/S IS BEING FELT AND IT IS REALLY "IMMEDIATE." MOREOVER, THE MARKET CAP WENT FROM OVER 2 MILLION TO 900K IN 7 DAYS. BY MY DEFINITION THAT IS NOT INCREASING THE TOTAL VALUE OF THE COMPANY.

I would prefer seeing this stock go to zero volume than for the company to get away with diluting after the R/S. Maybe if Guyer cannot raise his 25k paycheck each month he would reflect more intelligently on the latest move.

JMO gg