Replies to post #477 on Colorado Goldfields Inc. (fka CGFI)

[bluestoo]

I have held CGFI for some time now and only found this board recently. I can't beleive anyone owning shares in a company and not knowing, or understanding, what they have. The B shares will be issued to those holding A share 1 to 4 (25%). If you have 100 shares of A, you get and addtitional 25 shares of B. The value (price) of these B shares are yet to be told. THEN..... you get a equal amount of warrants... that allows you to buy more B shares at $.50 per share. This warrant option is good for a year. As someone else said, this is mute if the value does not go up over $.50. But, if the B shares go up to $.75, then the warrants are valuable to buy at the $.50 option......... So.... by monday (the 2nd), you should see CGFIB in your portfolio (25% of your A shares).... With a potentual merger in the works to gain control of the Kinross claims all around them, and production in the relativley near future, I can not beleive anyone would be selling out at this point.... I guess it is more of the 'don't understand' mentality..... It's like jumping off the ship just before it reaches dock......

[pgilmore]

Here some info on why we havent seen the yet,
Owner of Class A Common Stock held through a broker to receive Class B Common Stock shares and Class B Warrants, the following instructions and compliance conditions must be met:



a. Allbrokers whose customers beneficially own shares of Class A Common Stock are hereby instructed to present their respective lists of named Class A Common Stock Beneficial Owners, as of the Record Date, (include shareholder individual or legal entity legal name, complete street address, landline telephone number, email address (if available), and number of Class A Common Stock shares beneficially owned), to the Company's Transfer Agent via facsimile transmission [phone], no later than 3:30 o'clock p.m. MST on Friday, February 27, 2009. The Transfer Agent will, within four business days of receipt of same, send a copy of all such brokers' submissions to the Company.



b. Upon receipt and immediate verification of each broker's list, the appropriate number of Class B Common Stock shares and Class B Warrants shall be issued in the name of each namedBeneficial Owner.

It will be 1 B for every 4 A's with warrents to buy more B's at .50...this offer will only be good for 1 year.

[jcpny777]

i like you will sit it out and pray for some sort of miricle to happen and let me recoup my investment.