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Preheat oven to 300 degrees.
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Grease and flour a 10-inch tube pan or bundt pan.
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Cream shortening at medium speed of mixer.
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Gradually add sugar until well mixed.
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Add eggs one at a time, beating well after each egg.
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Blend in vanilla extract.
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Combine flour, baking soda and salt.
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Add alternately with buttermilk to the creamed mixture.
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Continue mixing well.
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Mix in the melted chocolate last.
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Pour batter into prepared pan and bake for about 90 minutes or until cake tests done.
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Cool cake in pan on rack for about ten minutes, then turn out and let cake cool completely.
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You may sprinkle with confectioners sugar or top with chocolate glaze.
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For glaze, microwave chocolate and butter together, in a medium sized bowl, until melted.
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Mix in confectioners sugar and just enough water to make a smooth glaze.
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Pour glaze over cake and let trickle down the sides.