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Replies to post #112367 on DD Support Board and Research Team
Item 5.02: Appointment of Officer
On September 17, 2015 our prior auditor, Terry Johnson was denied the privilege of practicing before the Securities and Exchange Commission as an accountant. As a result of this, we were required to engage new accountants. Even though Mr. Johnson’s sanctions had nothing to do with our prior audits we were forced to re-audit our financial statements for the fiscal year ended September 30, 2014. Since our new auditors were required to audit our financial statements for the fiscal years ended September 30, 2014 and September 30, 2015 we were unable to timely file our annual report on form 10K for the year ended September 30, 2015.
Since we completed our merger with Next Group Holdings, Inc. on December 31, 2015 our new management is not familiar with our operations prior to the merger they are not able to sign our 10K or provide the necessary certifications. Accordingly, in order to permit us to file our 10K, we have appointed our former Chief Financial Officer, Kenneth Wiedrich, as an interim vice president and Chief Financial Officer solely for the purpose of signing the form 10K and providing the required certifications. Mr. Wiedrich’s appointment will end upon the filing of our 10K for the fiscal year ended September 30, 2015.
09/05/16 10:46 AM
AI
