Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

Dilution from convertible debt is not controllable as the convertible note holders can convert at their option after six months of holding the convertible generally. Seems from some posts it is not understood the convertible note holders can convert at any time to free-trading shares.

What other choice does CFO have but to use convertibles to stay alive ? If he could sell shares at less of a discount they would do so.

As far as another reverse many companies go through multiple reverse splits, though someone posted FNRA rules prohibit - maybe prohibition is only so many reverses per year or particular period ?

Could someone advise me what this continual reference to "shorts" is, is this shorthand for someone who wishes to sell, or does some one know of any brokerage firm that will permit clients to shortthis stock. I assume we are all speculators as company certainly doesn't release sufficient information to make an informed long term investment, and their 10k certainly outlines the risks of buying this stock.

Guess we will find out next month or two status of company's progress, or an announcement of a financing.