Colorado Goldfields Inc. (fka CGFI)

[1manband]

Using the Canadian forms was just stupid arrogance and laziness on their part.

Neither. It was fraud. Those "reports" not only violated Canadian laws in numerous areas, they were also in violation of US law. Which the SEC did, eventually, take notice of. They were prepared for only one reason - to defraud investors.

Many US OTC companies fraudulent claim their reports are "NI 43-101" reports. Of all the bogus NI 43-101 reports I have reviewed, I have yet to find one even anywhere close to being NI 43-101 compliant in content. Even if they were compliant in content, they could not be actual NI 43-101 reports because that is a Canadian law only available to Canadian reporting issuers, and all reports must be filed with, and reviewed by, Canadian regulators. Something CGFI could never do.

And CGFI's were among the worst of the bogus NI 43-101 reports I have ever seen. Clearly designed to scam investors and nothing more, as they certainly met no professional or regulatory standards of any kind anywhere in the world, much less the US or Canada.