United Capital Corp. (fka UCAP)

[eyesonthemarket]

I don't know if we'll be seeing the 10ksb anytime soon. UCAP hired a new auditing firm Richey, May & Co a highly respected audit firm in Denver. As of a couple of weeks ago a public statement was posted on a Yahoo Finance board from UCAP that quotes: "In the process of performing their audit work, RMC has determined that additional working paper verification and involvement of the prior auditors will be required due to the transition and change in year end.

Management believes that the earnings guidance previously furnished by the Company will not be met as a result of certain events, including but not limited to, the appointment of a Receiver from March 2003 through May 2003, . . ."

That's not sounding good at all!!