so whats this mean for BLGW? >>>
FROM 8K on Mar 11
the Company’s auditor Davis Accounting Firm, P.C. (which is now known as Etania Audit Group P.C.) (“ Davis ”) did not have a valid state license from the Utah Division of Occupational & Professional Licensing when it issued an audit opinion with respect to the Company’s financial statements for fiscal years ended December 31, 2009 and 2008 (the “Subject Period”) and accordingly, such financial statements are not considered to be audited. Accordingly, the financial statements for the Subject Period in each of t he Subject Financial Statements and Subject Registration Statement should no longer be relied upon.
The Company anticipates that in response to the comments made by the Commission, it will, at a minimum:
(i) communicate with its former internal accountant to obtain the necessary information and work papers for the Subject Period;
(ii) after receipt and review of the above referenced information and work papers, determine if the Subject Period is auditable, in which case the Company will file a Form 8-K disclosing a change in auditors;
(iii) in the event that the Company is unable to obtain the necessary information and work papers for the Subject Period, “reconstruct” the accounting records;
(iv) engage an accounting firm that is duly registered and in good standing under the laws of the state of its residence or principal office and registered with the Public Company Accounting Oversight Board (the “Qualified Auditor”) to re-audit the Company’s financial statements during the Subject Period; and
(v) once the New Auditor has re-audited the Company’s financial statements for the Subject Period, amend the Subject Reports and Subject Registration Statement to include such New Auditor’s report.
The Company’s management, board of directors and current internal accountant have discussed the matters disclosed in this filing.
