PrepaYd Inc. (fka PPDC)

[dffhogs]

Tell us, "What really happened?"

This was 5 years ago, please inform us what really happened....tia

Total Accounting confusion. What really happened?

This is from Item 9 of PrepaYd's 10K

On November 12, 2007, we appointed Gruber & Company LLC as our independent registered public accounting firm. In January 2010 we learned that Mr. Corso, the accountant who had been conducting the audit in the name of Gruber & Company, did not hold a current accounting license; we were later informed by Gruber & Company that Mr. Corso was incarcerated on unknown charges and was never an employee of Gruber & Company. Gruber & Company, LLC has stated that they have no association with Mr. Corso.

Other than the information as to Mr. Corso’s status with Gruber & Company, there have been no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K during the years ended December 31, 2008 and 2007, and any subsequent interim periods through the date the Company was informed of Mr. Corso’s status.

As Mr. Corso is unavailable, the Company has not authorized Mr. Corso to respond to any inquiries of any new auditors hired by the Company relating to their engagement as the Company's independent accountant. As Mr. Corso is unavailable, the Company has not requested that Mr. Corso review the disclosure and, if so desired, furnish the Company with a letter addressed to the Commission containing any new information, clarification of the Company's expression of its views, or the respect in which he does not agree with the statements made by the Company herein.