Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

If company puts out press release and SEC filings indicating a significant mine purchase is due to be paid for by March 6, that can be certainly construed as material informaton for investors, yes disclosure rules require within 4 days of the event an 8k is to be filed.

My comments have nothing to do with short term hyping the stock with overly-promotional press releases ( as this company IMO is prone to). It is about building credibility keeping stockholders informed of material events and progress against the company's own stated objectives. This type of credibility doesnt happen overnight.

Imagine a company saying it has signed an agreement to acquire a $200 million asset to be paid for March 6and it didnt pay for the asset nor re-negotiate the deal, wouldnt an investor wish to know this ? Isnt $200 million material for a compay this size ?