In regard to Dohan..Everyone should reread the PR's starting in Jan of 2007 when GTEM dismissed them in their 8K filing, also bear in mind that GTEM also stated that there were no disagreements between the 2. Then read the letter Dohan sent to the SEC disputing what GTEM said. Then in March Patrich Heyn(SEC guru) resigns along with DeCarlo(interim CFO),however DeCarlo was given a consulting agreement. So here comes April and Joe M. is fired which within a week GTEM releases yet another filing telling everyone not to rely on previous financials. Thru all this they also state "Quote"The Company has not discussed this issue with its independent auditors.
On May 4, 2007, the Board of Directors of GlobeTel Communications Corp. (the "Company"), in consultation with its outside accounting consultant, determined that the Company will restate its financial statements for the years ended 2004 and 2005.Let's not forget this..McKean Paul Chrycy Fletcher & Co. has declined to accept the engagement as GlobeTel's certifying public accountants. McKean Paul Chrycy Fletcher & Co. had been appointed on January 4, 2007. McKean Paul Chrycy Fletcher & Co. performed no services for the Company and did not have any disputes with the Company.
If anyone thinks Dohan and GTEM are best buds they might want to think again, it is also possible that Dohan is only there because of an SEC request or requirement.
OFFICE OF THE CHIEF ACCOUNTANT
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Dear Sir and/or Madam:
We have read the January 4, 2007 statements of Globetel Communications Corp about our firm that is included under Item 4 in its Form 8-K filed with the Securities and Exchange Commission. We do not agree with certain portions of the statement, as stated below:
Globetel Communications Corp is under investigation by the Securities and Exchange Commission and the investigation has not been concluded. Accordingly, we are unable to determine if a disagreement exists on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of Dohan & Company, P.A., CPAs,. would have caused them to make reference in connection with their report to the subject matter of the disagreement, will arise as a result of the ongoing investigation.
JMHO along with some facts...
AI
