Replies to post #63063 on Colorado Goldfields Inc. (fka CGFI)

[HemiHead]

The last 4 paragraphs of

your post(63055) are in EVERY CGFI 10Q. They change a few dates/numbers. 5 minutes of work. Pinky101.

and the remaining paragraphs are adjusted as needed in EVERY 10Q. Mostly filler in every pinky scam.

Here, you can read them for the Thousandth time. Better still, buy a copy machine:

These circumstances raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets, or the amounts or classification of liabilities that may result from the possible inability of the Company to continue as a going concern. Management’s plans with regards to these conditions are described below.


The Company continues to explore sources of additional financing to satisfy its current operating requirements. During the fiscal year ended August 31, 2012 and through November 30, 2012, the Company entered into funding arrangements with an institutional investor (the “Delaware Partnership Investor”), under which the Delaware Partnership Investor has provided convertible debt financing to the Company of $429,000, ($52,000 during the three months ended November 30, 2012) (Note 7).


During the fiscal year ended August 31, 2012 and through November 30, 2012, the Company also entered into three funding arrangements for a total of $153,000 ($53,000 during the three months ended November 30, 2012), with a group of New York private investors in the form of convertible notes (Note 7).


Considering the difficult U.S. and global economic conditions, along with the substantial stability problems in the capital and credit markets, there is a significant possibility that the Company will be unable to obtain financing to continue its operations.