Replies to post #58392 on Colorado Goldfields Inc. (fka CGFI)

[golden grog]

567, I understand your point. And, I understand that the company, in an unusual way, is acquiring assets, and moving towards operational. However, the existing shareholders are being diluted over what appears to be an inside buy of assets. We all knew we would be diluted when buying in at sub-penny levels. But, we do not have to accept outrageous dilution when the company did R/S, got the share structure under control, and then increased to A/S to 1 Billion. Look at the drop in pps since announcement - that's your proof as how the market sees it. And, to learn that the company will pay its Chief Engineer 3 plus million dollars for a purchase of a mine in the next 60 days, in addition to over five times the amount of the entire A/S in shares, whether the money comes from borrowing or selling more shares, is absolutely confusing to the any shareholder. I don't recall seeing any PR or filing that clearly and unambiguously informs shareholders that an insider is being paid shares and money for a mine, and explaining why it is not a conflict of interest, or at a minimum, an opinion letter being issued by counsel on the particulars. If they have it, and don't bother sharing it or telling us, then it's just another example of how little we shareholders really matter. Hence, we will be sub-penny at this rate, and many more shares will be sold, and we existing shareholders will have our investments reduced to nothing. Amazing that some posters keep thinking everything is going to turn out just great, when they should be trading thoughts and ideas at this juncture based upon what is happening real time. There will be no class action, unless the actions of the principals and company supports the same. That will only be determined at a later date, if and only if, we are actually, factually, and most definitely screwed as the shareholders over any alleged self-dealing and enrichment of principals over shareholders. I hope the company pulls through for the long shareholders. Part of me still holds onto this hope. Time will tell. JMO gg