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Post by Franko10 ™ on Mar 25, 2005 15:00:36 GMT -5
Gentlemen: Enclosed is a copy of the amended disclosure we filed today with the Securities and Exchange Commission regarding your resignation as our certifying accountant.This amendment was filed to correct the description of your engagement and to disclose that your report contained a qualified opinion with respect to our ability to continue as a going concern. As described in Item 304(a)(3) of Regulation S-B, please furnish a letter addressed to the SEC stating whether you agree with the statements made by us in our disclosure and if not stating the respects in which you do not agree. Very truly yours John Woodward, President PMB_204583_2/MNAHATA PMB_204583_2/MNAHATA |
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Post by Franko10 ™ on Mar 25, 2005 15:03:23 GMT -5
Ladies and Gentlemen:
We have read Item 4.01 of the Form 8-K Current Report dated February 22, 2005 of U.S. Canadian Minerals, Inc. and are in agreement with the statements contained in the first and second paragraphs of that item as they pertain to Child, Sullivan and Company, except for the statement regarding our report on the financial statements for the past two years. Our firm only was engaged to perform the audit of the financial statements for June 30, 2004 and the six months them ended. Our report contained a qualified opinion with respect to the Company's ability to continue as a going concern. We have no basis to agree or disagree with any other statements of U.S. Canadian Minerals, Inc. contained therein.
Very truly yours,
Child, Sullivan and Company, PC
Cc: Mr. John Woodward
- 2 - NYC_205919_1/DRGLENN
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Post by Franko10 ™ on Mar 25, 2005 15:11:30 GMT -5
Blank Check Company A blank check company is a development stage company that has no specific business plan or purpose or has indicated its business plan is to engage in a merger or acquisition with an unidentified company or companies, other entity, or person. These very small companies typically involve speculative investments and often fall within the SEC’s definition of "penny stocks" or are considered "microcap stocks." Because of the nature of blank check companies, the SEC does not allow them to use some of the exemptions from the registration requirements when selling their securities. For more information about these exemptions, read our brochure, Q&A: Small Business & the SEC. www.sec.gov/answers/blankcheck.htm |
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