Colorado Goldfields Inc (fka CGFI)

[modrica]

again (one more time) to the guy on coloradogoldfields.com website


yes with 170 millions shares at .0001 he had 17 K in his account but dude im talking about avg pps

he started buying higher than .0001

for example :

he bought (first time) 85 millions shares at .0002 and then 85 millions shares at .0001

so yes at .0001 he had 170 millions shares x .0001 = 17$ K

but the thing is that he paid 25,5 K for those 170 millions shares so 25,5$ K / 170 millions shares = .00015

so each share cost him .00015 or if you convert it to after reverse split it would go like this

.00015 (avg pps) x 5000 (split ratio) = .75 pps

that is why he said that he had shares at .75 , right after reverse split even before he bought any of the shares after the split

he did not say that he bought them at .75 after the split

kapishe

gl