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Re: Civicbird post# 59181

Thursday, 12/13/2012 2:14:37 PM

Thursday, December 13, 2012 2:14:37 PM

Post# of 67010
Can't really speak to financing, Brendan. I would only be guessing, particularly in today's economy. Banks are getting tougher and tougher to deal with as time goes on.

I do expect the mill to be ready for production, but I expect the time frame may be slightly longer than what CGFI stated. {I believe that was late spring of '13. Most projects take longer than "projected". I guess that is why they are called "projects".} smile
Lets face it, the company is trying to do as much as possible, with very little cash. So they use shares of stock as payment, which in effect makes the contractors investors, just like us. (No pay day for anyone, if the mill does not start to produce.)

Either you believe in the future of CGFI and hold on to your stock, or take the loss and sell, IMHO.
There will be no "profits" until the mill is running.
As Meatloaf said: "There ain't no Coupe de Ville hiding in the bottom of a Cracker Jack box".
CGFI will (and is, IMO, trying to,) make their money the old fashioned way, earn it.

Just being realistic.
$CGFI





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