Colorado Goldfields Inc (fka CGFI)

[modrica]

increase the appeal of the stock to investors,

C. Stephen Guyer, Chief Financial Officer of Colorado Goldfields, stated, "We are effecting a reverse stock split to better align the stock price with the Company's accomplishments and operational objectives. Further, we have performed extensive multi-variate analysis surrounding this action. We believe this transaction will broaden our shareholder base, increase the appeal of the stock to investors, and help facilitate electronic transactions of our stock through DTCC. While reverse splits are sometimes viewed as a negative event, we strongly believe that this reverse split will provide benefits to our shareholders by improving trading accessibility and liquidity, thereby enhancing long-term shareholder value.

http://finance.yahoo.com/news/colorado-goldfields-announces-finra-approval-122800832.html

at .007 is that what he meant ?

gl

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