Jubilant Flame International Ltd. JFIL (JFIL)

[ProfitChaser]

IMO this one does not look like your normal penny stock. If you look at the historical volume starting from July 1st to about the middle of August where the PPS is now, you can see that there was only about 630K volume that caused it to drop from the normal 23 cents to where it trades today(below .02) so I am gonna be a little more greedy on this one. Could go right back up there to around .23 if enough get those shares and hold them. I expect someone just got tired of holding and sold. Maybe a disgruntled associate or someone in the previous public accounting firm that resigned. Who knows. Anyway I am in no hurry to sell right now.

Historical http://ih.advfn.com/stock-market/USOTC/jubilant-flame-international-JFIL/historical

From last 8K


ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.



Previous independent registered public accounting firm



On July 5, 2016, Jubilant Flame International, LTD (the "Registrant" or the 'Company") was notified by Pritchett, Siler & Hardy PC ("PSH"), that the firm resigned as the Registrant's independent registered public accounting firm. PSH was engaged by the Company on December 15, 2015. Except as noted in the paragraph immediately below, the reports of PSH on the Company's financial statements for the year ended February 29, 2016 and for the period then ended did not contain an adverse opinion or disclaimer of opinion, and such reports were not qualified or modified as to uncertainty, audit scope, or accounting principle.



The decision to change accountants was approved by the Registrant's board of directors .


New independent registered public accounting firm



On July 5, 2016 (the "Engagement Date"), the Company engaged Thayer O'Neal Company LLC ("Thayer O'Neal") as its independent registered public accounting firm for the Company's fiscal year ended February 28, 2017. The decision to engage Thayer O'Neal as the Company's independent registered public accounting firm was approved by the Company's Board of Directors.