Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

Please explain what I am missing :

1.Mill has no permit and even if it did there are no established reserves on properties which in any case company doesnt own yet.
2.The company has indicated it needs $3 million to rehabilitate the mill for operation,and a total of $11 million tomeet its business plan. It has over $500,000 in convertibles already, and based on past experience needs $400,000 in cash to operate per year. It has also has a judgement against it if I recall for over $300,000. the only cash it seems able to bring in is through convertibles, and volume no where sufficient to bring in that sort of money.
3. Overly-promotional,misleading and untimely disclosures do not give confidence to any serious investor, and most likely will lead to re-statements and at a minimum a lot of expense dealing with regulators.CFO clearly hs no idea the hole he is digging the company into.
4.The DTC chill precludes many investors from touching this company in a private placement.

This represents a viable path ?