Replies to post #61373 on Colorado Goldfields Inc. (fka CGFI)

[567tbd]

I only go off of experience. When I see cd, it always happens the same way and with the same MMs.

567

GL

I have yet to see MMs converting shares for a debt holder sell some then let the stock go recover then hit it again. I've seen them not move from the ax until they are have gotten all the shares converted. Maybe it has happened another way but I haven't seen it.

[lesgetrich]

Assuming the lenders sold off all of their convertibles at current pps, even with the discount, we're looking at less than 10,000,000 shares to pay off the entire debt as of the last Q. With an average volume of over 1,000,000 shares a day, that could easily have been absorbed in a few weeks. I'm simply pointing out that for all we know, there may be no convertible shares at this time. Alternatively, as I've pointed out before, Guyer may be using this as an open line of credit and issuing more convertibles as needed (and only when needed).