Colorado Goldfields Inc. (fka CGFI)

[M_T_Pockets]

SBB, the detractors have always made it seem like the officers are collecting salaries monthly and making outrageous amounts of money thru these salaries. This is just not the case.

If you look at the 10-Q filed with the SEC, page 20 states:
"Salaries are generally either accrued as an unpaid liability or, paid in the form of stock awards in lieu of cash, which are exempt under Rule 16b-3. Amounts owed pursuant to our executive employment agreements have been fully accrued as of November 30, 2012."
This has been the case since 2009.
So any stock issued in lieu of salaries are subject to the same price fluctuations that your and my stock are. In either case, if it is an accrued liability or stock payment, unless the company shows a profit or the price per share increases dramatically, the officers of the company will receive nothing or very little.
To put it another way, the officers of CGFI are , and have been, working for an IOU (since 2009) that will be worthless without CGFI becoming a successful, profitable company.
Now show me how they are "scamming us" with that arrangement. It certainly looks a lot different when you actually read the complete SEC reports, doesn't it?

Here is a link to the 10-Q:
http://filings.issuerdirect.com/data/1344394/000135448813000150/cgfi_10q.pdf

$CGFI