Colorado Goldfields Inc. (fka CGFI)

[sanbrunobaby]

Interesting.

1. If counsel is excellent then they are probably expensive , and to respond to SEC comment letters will be an expensive process, including re-stating various 10q's and 10k's.Which is my point, the company will have increasing costs when those comment letters start.

2. Reading their filings there are many areas ( like the preparatoon of disclosure of the risk factors) that seem very well done. However if the legal cousnel is excellent, they appear to be either unfamiliar with SEC Guide 7, or very aggresive in thinking SEC Engineering office will never look at this company.

My point simply because of their press releases and SEC filings the company in continuing on this path is building a mountain of costs at some time in the future.