Colorado Goldfields Inc (fka CGFI)

[sanbrunobaby]

I believe the simplest answer with the most facts to back it up is the best rather than consiracy theories with limited factual backing.

Every point I listed can be clearly laid at CFO's door. No one forced him to not follow SEC Guide 7, no one forced him to release projections he never met, no one forced him to announce apparently non-sensical milling contracts if they had any meat to to them he would have released.No one forced him to not have someone who had actual production experience to advise him.

What exact relationship CFO has had with conevrtible debt backers I dont know.

But blaming results on urban-legend short sellers, or behind the scenes smear campaigns avoids the clear and consistent mistakes made.Maybe you are right he made some enemies who spread negative comments - but CFO made it easy for them !

And people who couldnt pick an issue of business week and read about the credit crunch the last few years but believed company could get "conventional" financing gave him a market of true believers who for a while provided volume to convertible debt holders.

With convertible financing dont knwo how the company can sruvive at these price levels, the 10k if filed should shed some light on things.