Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

I dont see anyway this company will go private - as a private company who would lend them money to settle the current liabilities plus projected funding requirements ( of which we can only estimate at this point) ? There is no conventional financing I know of that would be available to a company in this position.

Why would CFO go private ? He already controls voting shares, has a second position on the mill.I dont know Colorado law but I suspect CFO couldnt use his own voting shares to go private.

The March 6 date has passed, and considering the value of assets mentioned in press releases, it is certainly very material whether company met the payments required or re-negotiated them. material events are supposed to be reported 4 days after they occurred- so today there should be an 8k being filed.