Replies to post #65231 on Colorado Goldfields Inc. (fka CGFI)

[Goldbug4]

I agree with you comments. Sometimes you just have to do what you have to do - just to get by and hang on until you get things going your way. I too have invested a lot of money in this company and I have not given up on them. It may not be the golden goose that we were all wishing for but it is still alive and they are still trying - that's about all we have going at this time.

[sanbrunobaby]

Well I wonder how much convertible debt was still outstanding when this decision was made, guess the next financials will show that- it just seems a bit odd they still had some room to issue stock and certainly higher $ volume than now,why convertible note holders would have not wanted to wait until they got paid down some more. Will be interesting next 10q in this regard.

Actually their bad judgement goes beyond getting convertible debt on the books- as has been discussed before ,my own opinion is their disclosures untimely, misleading and their press releases referencing NI43-101 went beyond any reasonable approach to building credibility.

It would be interesting knowing who made 144 filings, when and how much for.