Tactical Air Defense Services, Inc.(fka TADF)

[frodo_1978]

hey dollar, yea its a little late, but only because they just changed their auditors last month. It was based purely on economical reasons, pinks do this all the time, they change auditors to get charged less. I wouldnt concern myself too much about this, they will eventually get the 10-k out and go back to current status, they have been since 2006. I work for a public company, so i know how long it takes to conduct an audit, especially year end. There wont be much differnce on the 10-k, the only reason i'd like to see it really is just to see the updated share structure. But even that will change depending on the details of the merger and if they initiate a buyback program to reduce the o/s like they have in the past. Anyway, here is the excerpt from the 8-k released on April 4th.

On March 29, 2011, our Board of Directors made the decision to dismiss our former accountant, De Joya Griffith & Company, LLC. The decision to dismiss was based solely upon economic factors and was approved by the Company’s board of directors as the Company has no audit or similar committee. On or about March 31, 2011, we retained the firm of Malcolm L. Pollard, Inc. to review all interim period financial statements going forward and audit our financial statements for the year ending December 31, 2010. Such change in accountant was approved by the Company’s board of directors. At no time prior to our retention of Malcolm L. Pollard, Inc. did we, or anyone on our behalf, consult with Malcolm L. Pollard, Inc. regarding the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered on our financial statements.