Colossus Minerals Inc COLUF

Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.

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Colossus Minerals Inc

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Comment by naeden99on Apr 13, 2014 1:19am

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Post# 22444733

RE:RE:RE:RE:RE:RE:RE:What Happened InTwo Days

There is a difference between bankruptcy and bankruptcy protection. The protection bought them time to try to sell the company, which they were unable to do, at which point the debt holders proposed to convert from debt into shares to avoid bankruptcy.

You are too hung up on the number of shares. Before the roll-back, you owned 450,000 of 10 bn shares. After the roll back, you owned 2,250 of 50 mm shares. You own the same portion of the company. No one took anything from you - if they didn't do the roll back, the shares would be impossible to trade when they are relisted because they would trade at fractions of a penny.

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