Replies to post #40980 on Colorado Goldfields Inc. (fka CGFI)

[Monypit]

from old messages(I think - either youtube or PR's), it was stated that the mill was in really good shape and maybe only some tuning-up, belts and bearings replacements, a lube job and some electrical work was required.

as for a RS, if they do it before the start-up, it might push the share price too high for some to take the chance of buying in and people do not like RS's in general, but then again the OS will be a lot lower which may also make the company look attractive, so it is a catch 22.

MY CALL OF A BEST BET WOULD BE, """TO PR THAT THERE WILL BE A SHARE BUY BACK PROGRAM."""

(I hope someone from the company's HQ is reading this post and gets the hint!)

[567tbd]

What is 45.5B?

567

GL

[Zorax]

It would make alot of sence to do a R/S before the merger. That would be alot better for us as long as they lower the A/S at the same time.

mec: Couple of things.

cgfia can use the merger as a form of reverse split.
sierra could be the surviving company with all cgfia common shareholders getting 1 sierra for 1000 cgfia shares. See the R/S there?

Also, a pink sheet sub penny corp doing a reverse split is never a good thing for share holders, ever. But cgfia doesn't need to do a merger to do a reverse split. Just do the split.

Either way, cgfia share holders will be on the losing end of any guyer deal. imo.

gltu