Replies to post #54535 on Colorado Goldfields Inc. (fka CGFI)

[ficose]

I anticipate this process will be a lot like when we did the forward split in '08, and all our shares were increased as a dividend. Some people got their shares right away, others took a long time since the brokers had to figure out the whole mess.

http://easyir.marketwire.com/easyir/prssrel.do?easyirid=19D74C5776FFBDFD&version=live&prid=455068

I was one of the people that had to wait. We had Brad Long as the company IR at the time and he said the brokers had the list and it was up to them to get things going. When I called TDA they tried to say the company was the one holding things up. I think many of my shares were shorted at the time and that's why it took a while - but finally did happen. Same thing with the B shares. I think we'll find out whose shares were shorted the most in the upcoming weeks by the amount of time it takes to clear.

Can anyone that shorted CGFI back in '08 explain what it was like on your end? I'd be curious to hear what happened, since the process will be similar next week.

This forward split and the B share dividend are just a couple examples of things Guyer has already done for shareholders. If this company really goes I doubt they will want the share price to go over $35 or so. Institutional's don't mind high pps, but retail people tend to shy away from high dollar shares as much as they do sub pennies. Share dividends to current investors is one way to increase the AS, yet preserve our value - and it's been done before and it worked. What happens after a divvy like this is something like a RS; the share count changes and the pps changes, but the dollar amount in your account stay the same. I don't figure an AS increase anytime soon, but I'm not too worried if it does - Guyer will take care of me like he has in the past. He does care about shareholders.

So, what Guyer gave us longs: first he gave us free shares, then he gave us B shares and warrents based on the amount of shares we held. Those that held and didn't sell off the dividend got more B shares as a result. It was a sweet deal.

Those that are against Guyer tend not to bring up these perks. It's been quite a while and many of us longs forgot about some of the tricks Guyer has in his toolbox. I don't think he ever anticipated how much he would have to increase the AS because of the red tape - but the company is back on track and I won't have to count hurdles much longer.