Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

Reality is CFO has a big challenge this year and easiest method for him to raise funds is through use of convertibles. However if they do get mill up and operating this year, or even present a credible plan to do so and reach profitability in 2014, probably I would guess he will need a better share structure and share price, thus another reverse is a distinct possibility. Price is already below $.02 with another 20 million plus shares likely to be issued since last 10q to settle existing convertibles let alone new ones.

Hopefully though next reverse is below 1 for 10, and will come soon.