Advanced Container Technologies Inc (ACTX)

[236T568]

MDTR Auditor ABRUPTLY RESIGNS on June 5, 2019 with no advance notice and with MDTR failing to find a replacement as of today

This is extremely bad news for MDTR as it appears that something is very wrong with MDTR and its operations for this to occur.

MDTR has failed to file with the SEC its 10K and 10Q, which were due April 1, 2019 and May 15, 2019.






https://www.sec.gov/Archives/edgar/data/1096950/000172186819000309/f2smdtr8k060919.htm


SECTION 4 - MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS

Item 4.01 Change in Registrant’s Certifying Accountant



On June 5, 2019, Prager Metis CPAs, LLC (“Prager”), the Registrant’s independent registered public accounting firm, gave notice of its resignation as such, effective on that date. The Registrant’s Board of Directors is seeking a replacement registered public accounting firm. Prager was retained on October 26, 2018.

During the period that began when it was retained and continued through the date of its resignation, there was no disagreement between the Registrant and Prager on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Prager, would have caused it to make reference to the subject matter of such disagreement in connection with its audit report on such financial statements.

Prager has not indicated to the Registrant that its report on the audit, if completed, would contain an adverse opinion or disclaimer of opinion or would be qualified or modified as to uncertainty, audit scope, or accounting principles, except that the report thereon would contain an uncertainty about the Registrant’s ability to continue as a going concern.

Prager did not audit the Registrant’s financial statements for any period prior to its retention.

For the period beginning with Prager’s retention to the date of this report, there were no events that were required to be reported pursuant to Items 304(a)(1)(iv) or (v) of Regulation S-K.

Prior to Prager’s retention, the Registrant did not consult with Prager regarding any of the matters described in Items 304(a)(2)(i) and (ii) of Regulation S-K.

The Registrant has provided Prager with a copy of the disclosures in this report and has requested that Prager provide it with a letter addressed to the United States Securities and Exchange Commission stating whether or not Prager agrees with the statements made in this Item 4.01. Prager has furnished that letter and a copy thereof is filed as Exhibit 16.1 to this report.