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What's up wit dat . I just double

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Renee Member Level  Thursday, 03/24/11 06:25:12 PM
Re: Stock post# 11
Post # of 39 
What's up wit dat . I just double checked the SEC Filings and there has been no rescission of their Order , yet I just checked Pink Sheets where CAAUF is still Caveat Emptor but the company has filed several 8 K's since the Suspension .

Full list of Filings : http://www.otcmarkets.com/stock/CAAUF/financials

I'll post the relevant 8 K's to the SEC's Orders in sequential order .

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 24, 2011

Calais Resources, Inc.

4415 Caribou Road, P.O. Box 653, Nederland, CO 80466-0653 (Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (303) 258-3806

Item 4.01 Changes in Registrant’s Certifying Accountant.


On February 28, 2011, the registrant dismissed Eide Bailly LLP as its independent registered public accounting firm. Eide Bailly was engaged on October 18, 2010 to audit the registrant’s financial statements commencing with the fiscal year ended May 31, 2005. Eide Bailly has notified the registrant of a potential violation of a Securities and Exchange Commission (“SEC”) and Public Company Accounting Oversight Board independence rule. While Eide Bailly had completed audits of the registrant’s financial statements for the years ended May 31, 2005, 2006, 2007, 2008, 2009 and 2010, none of the audited financial statements were filed with the SEC. The registrant’s board of directors determined that it could not proceed to file its delinquent reports with the SEC unless it dismissed Eide Bailly because of the independence issue. The registrant is currently interviewing various auditing firms to determine the replacement.


During the registrant’s two most recent fiscal years and the subsequent interim period preceding the dismissal, there were no disagreements with Eide Bailly on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Eide Bailly, would have caused it to make reference to the subject matter of the disagreements in connection with its report. Further, during the registrant’s two most recent fiscal years and the subsequent interim period preceding the dismissal, there were no reportable events (as defined in Item 304 (a)(1)(v) of Regulation S-K.


The registrant provided Eide Bailly with a copy of this report prior to its filing with the SEC and requested Eide Bailly to furnish the registrant with a letter addressed to the SEC stating whether it agrees with the statement made in this report and, if not, stating the respects in which it does not agree. A copy of the letter, dated March 1, 2011, is filed as Exhibit 16.1 to this report.

Item 8.01 . Other Events.

On February 24, 2011, the SEC issued an order suspending trading in the common stock of the registrant for the period from February 24, 2011 through March 9, 2011 because the registrant has been delinquent in the filing of its periodic reports since 2004. Prior to the suspension, the registrant’s common stock was quoted on the OTC Link under the ticker symbol “CAAUF.” A copy of the SEC’s order is publicly available at www.sec.gov under Litigation – Trading Suspensions.

Also on February 24, 2011, the SEC issued an order instituting public administrative proceedings against the registrant pursuant to Section 12(j) of the Securities Exchange Act of 1934 (the “Exchange Act”) to suspend for a period not exceeding twelve months or revoke the registration of the registrant’s common stock under Section 12 of the Exchange Act. A copy of the SEC’s order is publicly available at www.sec.gov under Litigation – Administrative Proceedings.

Item 9.01. Financial Statements and Exhibits


Regulation
S-K Number Document

16.1 Letter from Eide Bailly LLP dated March 1, 2011


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CALAIS RESOURCES, INC.


March 2, 2011

By: /s/ David K. Young
David K. Young
President

Exhibit

Regulation
S-K Number Document

16.1 Letter from Eide Bailly dated March 1, 2011

EXHIBIT 16.1

LETTER FROM EIDE BAILLY
DATED MARCH 1, 2011

March 1, 2011

United States Securities and Exchange Commission
Washington, DC 20549

Ladies and Gentlemen:

On February 28, 2011, we were notified of our dismissal as the independent registered public accountants for Calais Resources, Inc.

We have been furnished with a copy of the disclosures included in Item 4.01 of the Form 8-K to be filed by Calais Resources, Inc., and we agree with the statements made in those disclosures insofar as they relate to our Firm. We have not been requested to, nor are providing any representations related to the other disclosures included in this Form 8-K.

/s/ Eide Bailly LLP

Eide Bailly LLP

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7768246

------------------------------------------------------------------

Second 8 K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report : March 10, 2011

Calais Resources, Inc.

British Columbia 000-29392 98-0434111
(State or other jurisdiction
of incorporation) (Commission File Number) (IRS Employer Identification No.)


4415 Caribou Road, P.O. Box 653, Nederland, CO 80466-0653
(Address of principal executive offices) (Zip Code)


Registrant’s telephone number, including area code: (303) 258-3806


Item 4.01 Changes in Registrant’s Certifying Accountant.


On March 10, 2011 (the “Engagement Date”), the registrant engaged StarkSchenkein, LLP as its independent registered public accounting firm.


During the registrant’s two most recent fiscal years and the subsequent interim period preceding the Engagement Date, neither the registrant nor anyone on its behalf consulted StarkSchenkein regarding either (1) the application of accounting principles to a specified transaction regarding the registrant, either completed or proposed, or the type of audit opinion that might be rendered on the registrant’s financial statements; or (2) any matter regarding the registrant that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) or a reportable event (as defined Item 304(a)(1)(v) of Regulation S-K).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CALAIS RESOURCES, INC.


March 10, 2011

By: /s/ David K. Young
David K. Young
President




To bite the worm of incite is to bite the HOOK of the antagonist . They win .
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