Replies to post #37387 on FAT CATS

[serfdom]

PXIT chart sez:

It's retraced much more than half the distance from its previous high. It may rally again, but my bet is it won't go as high as before.

[serfdom]

I see they changed auditors - anything else?

Changes in Registrant's Certfying Accountant, Financial Statements and Ex


Item 4.01 Changes in Registrant's Certifying Accountant.

On April 11, 2007, Phoenix Interests, Inc. (1) dismissed Pohl, McNabola, Berg & Company, LLP ("PMB") as its independent accountant responsible for auditing its financial statements and (2) retained Gruber & Company, LLC ("Gruber") as its new independent accountants.

PMB's reports on Phoenix Interests' financial statements for the two years ended December 31, 2006, did not contain an adverse opinion or disclaimer of opinion, nor were they modified as to uncertainty, audit scope, or accounting principles, except that each report was modified to indicate that Phoenix Interests' dependence on outside financing, lack of existing commitments from lenders to provide necessary financing and lack of sufficient working capital raised substantial doubts about its ability to continue as a going concern.