Replies to post #54210 on Colorado Goldfields Inc. (fka CGFI)

[sem1]

" We believe that the Company is now in a position to access meaningful capital funding on reasonable terms," stated C. Stephen Guyer, CFO of Colorado Goldfields "
Why would they dilute ? Go $CGFIA

[Borgon]

" We believe that the Company is now in a position to access meaningful capital funding on reasonable terms," stated C. Stephen Guyer, CFO of Colorado Goldfields "

Am I the only one that finds this wording slightly strange?

They say they have access to financing, they don't say they HAVE ACCESSED that financing.

The risk of dilution, post r/s scares me too. I mean what did Guyer JUST do a few weeks ago? He filed for another 25B. Yeah he cancelled it (we're assuming because of the permit), but what if he said screw it, I'll r/s, then dilute, 60B is just too many shares.

I'm still on the fence here. I slept on this and am still a little weary of ol' Guyer. He JUST kicked us all in the teeth 2 days ago.
Again, the more I think about this, the more it seems this will head south before it heads north. 90 days for conditions is a glacier-era in penny stocks. People will sell out of impatience, and this thing will head south fast. I think Guyer could've timed this better. Still thinking here.

GO $CGFIA

[ficose]

This is actually a pretty good thread guys. For years now I've invested to get the company to this point, we all have. The moneys been spent to battle the DRMS while at the same time trying to hold on to the properties the company holds. It's been a lot of fun jumping hurdles and winning battles - but it hasn't done much for my wallet.

Guyer has fought the whole way, with our help, and now we are finally ready to have our money going toward the actual meat and potatoes of getting this thing done. An AS increase to 60B was in the works to pay for it - we investors said no - and Guyer listened. He didn't have to listen, but he did. Instead of going the convertible debt route it looks like we may be doing a RS. We asked for it. All those emails sent out about the AS increase apparently had an impact.

Just like the PR says, this will bring the AS, OS, and pps down to a more realistic level and help allow for traditional financing, while at the same time help pull the chill off this thing.

Of course, we want our cake and eat it, too! We want to just sit back and watch it happen. This is the real world though - this thing ain't going to get done on it's own. A RS is scary; we are opening ourselves up for shorters big time. But if the RS goes through, the float get's decreased as well, and if we held strong in 2010 fighting to keep a few ponds from shutting us down, I think we can hold strong now in 2012 while we pay for company to actually make money.

An RS can work, if you have a strong investor base and efforts are made to increase the market cap. RS's usually fail because they are put in place as a last ditch effort by a company that has no way out. We have a way out, and a RS might just get us there. As usual, I'm giving no one investment advise - but it sure would be nice if we held the float. We will lose a few people I'm sure, it's inevitable - either through selling from fear now or from profit when that first uptick comes our way. I don't hold grudges - but it just seems kind of odd that people were solid through the Gold King fiasco, CEO change, 2010 hearing, and the DRMS nightmare are getting shaky at the 11th hour. An AS increase would have been a major speed bump. I guess we're right back to jumping huge hurdles again with a RS. That's OK, we know Guyer is good at hurdles. It's also inevitable that the short aspect will bring in a bunch of new posters to the board with the usual reasons why this thing isn't a good idea.

Hey - we welcome everyone! Just keep practicing those deep breathing exercises.