Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

SEC usually reviews filings of smaller reporting companies on a routine basis every 3 to 5 years, or unless they have a specific reason too. So the filing of a 10k or 10q doesnt mean it has been autmatically reviewed by the SEC, but CPA has reviewed(quarterly) or audited (10k). Transfer agent will issue new shares only with company provides instruction ( except for transfers of existing shares) but each transfer agent will have their own level of documentary requriements.Transfer agents check documentation on whether company can issue shares and generally if transaction looks correct from standpoint of share issuance- i.e. they do not check whether transaction makes any business sense.If company wishes to issue a billion shares to Joe Blow for purchasing a light bulb it is not transfer agent responsibility !

CFO looks experienced and they do try to put in a lot of disclosure, so offhand it would seem financials are o.k ( though valuations on transactions in stockholders' equity are interesting). IMO they would have more of an issue in regards to selective disclosure of forward looking statements and not providing information typically expected per SEC Guide 7. It is a concern the DTC chill since this implies DTC has a problem with prior share issuances at some time.

I agree with you if statements audited generally that provides a certain level of comfort- but CPA does need to get paid and review board checks this otherwise it is seen as compromising their independance.