Friday, May 12, 2017 10:07:42 AM
On April 20, 2017, the Company dismissed AMC Auditing, LLC (the “Former Accountant”) as the Company’s independent registered public accounting firm and the Company engaged Pinaki & Associates LLC (the “New Accountant”) as the Company’s independent registered public accounting firm. The engagement of the New Accountant was approved by the Company’s Board of Directors.
The Former Accountant’s did not audit the Company’s financial statements. The Company retained the Former Accountant on November 5, 2016. The Former Auditor reviewed the Company’s unaudited financial statements for the three and nine months ended September 30, 2016, which are contained in the Company’s Form 10-Q filed with the Securities and Exchange Commission on November 15, 2016.
http://ih.advfn.com/p.php?pid=nmona&article=74384335
Or this from the auditor (#3)?
"...We have audited the accompanying balance sheets of Textmunication Holdings, Inc as of December 31, 2015, and the related statements of operation, stockholders’ equity (deficit), and cash flows for the year ended December 31, 2015. Textmunication Holdings, Inc.’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits. ..."
$TXHD is auditor shopping
Opinion shopping is a dubious practice that involves finding an auditor who will overlook any shortcomings in the company's financial reporting.
http://www.investopedia.com/terms/o/opinionshopping.asp#ixzz4fBD1c0gf
$TXHD had six auditors in three years:
Pinaki & Associates LLC hired on April 20, 2017
AMC Auditing, LLC hired on November 5, 2016
Seale & Beers, CPAs hired on July 24, 2015
RBSM, LLP dismissed on July 24, 2015
Malone Bailey, LLP dismissed on March 11, 2015
L.L. Bradford & Company, LLC resigned on February 2, 2015
$TXHD auditors and hiring dates:
On April 20, 2017, the Company dismissed AMC Auditing, LLC (the “Former Accountant”) as the Company’s independent registered public accounting firm and the Company engaged Pinaki & Associates LLC (the “New Accountant”) as the Company’s independent registered public accounting firm. The engagement of the New Accountant was approved by the Company’s Board of Directors.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12005373
On September 13, 2016, Seale & Beers, CPAs, (the “Former Accountant”) informed the Company that the Former Accountant was in the process of being acquired by AMC Auditing, LLC. As a result of the acquisition, on November 5, 2016, the Former Accountant resigned as the Company’s independent registered public accounting firm and the Company engaged AMC Auditing, LLC (the “New Accountant”) as the Company’s independent registered public accounting firm. The engagement of the New Accountant was approved by the Company’s Board of Directors.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11676162
On July 24, 2015, Textmunication Holdings Inc. (the “Company”) dismissed RBSM, LLP (the “Former Accountant”) as the Company’s independent registered public accounting firm and on June 9, 2015 the Company engaged Seale & Beers, CPAs (the “New Accountant”) as the Company’s independent registered public accounting firm. The dismissal of the Former Accountant and the engagement of the New Accountant was approved by the Company’s Board of Directors.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10833877
On March 11, 2015, Textmunication Holdings, Inc. (the “Registrant” or the “Company”) dismissed Malone Bailey, LLP (“Malone”) as the Registrant’s independent registered public accounting firm. Malone did not prepare a report on the Company’s financial statements.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10557932
On February 2, 2015, Textmunication Holdings, Inc. (the “Registrant” or the “Company”) was notified by L.L. Bradford & Company, LLC (“Bradford”) that the firm resigned as the Registrant’s independent registered public accounting firm. Except as noted in the paragraph immediately below, the report of Bradford on the Company’s financial statements for the years ended December 31, 2013 and 2012 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.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10471966
The paradox of iHub: buy high, sell low
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