Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

I agree that de-registering doesnt necessarily reduce potential SEC scrutiny, but it saves money and reduces ongoing reporting issues. I would think you would agree some companies simply de-register because they simply cant afford to stay reporting.

As far as companies taking on convertible debt I would hazard a guess the companies often know the risks but it is their last resort, and not all self enrichment schemes. If alternative is simply shutting down is there not an argument they should at least try to keep doors open ? As far as CGFI who knows, it doesnt seem too clear what they made but the stated amounts look pretty low comapared to their contracted salaries and the amount of convertible debt funding over the years.Hoever I think you are basically correct once convertible debt funding arrives rarely can a company get away from it.

Situation aggravated by difficulty placing legitamate stock under $.05 with brokers, how appealing can private palcement be if few brokers will accept the stock when it comes off restriction for a retail account.