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Re: lifegear post# 151

Friday, 08/18/2006 6:06:01 PM

Friday, August 18, 2006 6:06:01 PM

Post# of 38908
I wonder if thats why their auditors resigned, per their 8-K flied 3 weeks late,auditors don't just resign because they don't want to learn their job better,geees whats going on here???


Form 8-K for WINSTED HOLDINGS, INC.


--------------------------------------------------------------------------------

18-Aug-2006

Changes in Registrant's Certfying Accountant



Item 4.01 Changes in Registrant's Certifying Accountant.
The Company's auditors resigned on July 26, 2006, with out just cause. Winsted Holdings's CEO has made numerous attempts with its auditors and legal firms during the 2005 year to assure that the company was conforming to the rules and guidelines spelled out under the 1940 Act. The Company feels that its auditors are looking for a way out due to their lack of knowledge of the "BDC" registration and accounting guidelines under the 1940 Act. The company has since this time located a new auditing firm.

http://biz.yahoo.com/e/060818/wnsh.ob8-k.html