eBullion, Inc. (OTCMKTS:EBML) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrants Certifying Accountant
(a) On December 15, 2016, eBullion, Inc., a Delaware corporation
(the Company), notified Anton Chia, LLP (Anton Chia), that the
Company had dismissed Anton Chia as the independent registered
public accounting firm of the Company. The Board of Directors of
the Company recommended and approved the dismissal.
The reports of Anton Chia regarding the Companys financial
statements as of March 31, 2016 and 2015 and the statement of
operations, stockholders equity and cash flows for the years then
ended, contained no adverse opinion or disclaimer of opinion, nor
were they qualified or modified as to uncertainty, audit scope,
or accounting principle. The reports of Anton Chia, however,
stated that there is substantial doubt about the Companys ability
to continue as a going concern.
For the years ended March 31, 2016 and 2015, and during the
subsequent interim period through the date of dismissal, the
Company had no disagreement with Anton Chia on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreement,
if not resolved to the satisfaction of Anton Chia, would have
caused them to make reference thereto in their report on the
Companys financial statements for such year ended March 31, 2016
and 2015. There were no reportable events, as listed in Item
304(a)(1)(v) of Regulation S-K.
The Company provided Anton Chia a copy of the above disclosures
and requested Anton Chia to furnish a letter addressed to the
Securities and Exchange Commission stating whether or not it
agrees with the above statements. Anton Chias response is
attached as Exhibit 16.1 to this Current Report on Form 8-K.
(b) On December 15, 2016, the Board of Directors of the Company
resolved to engage the independent registered public accounting
firm of HKCMCPA Company Limited (HKCMCPA), the Companys new
independent registered public accountants, which appointment
HKCMCPA has accepted with the dismissal of Anton Chia.
During the two most recent fiscal years and the interim period
preceding the engagement of HKCMCPA, the Company has not
consulted with HKCMCPA regarding either: (i) the application of
accounting principles, (ii) the type of audit opinion that might
be rendered by HKCMCPA or (iii) any other matter that was the
subject of disagreement between the Company and its former
auditor as described in Item 304(a)(1)(iv), or a reportable event
as described in paragraph 304(a)(1)(v), of Regulation S-K. The
Company did not have any disagreements with Anton Chia and
therefore did not discuss any past disagreements with HKCMCPA.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit |
Description |
16.1 |
Letter from Anton Chia, LLP, dated December 15, 2016 |
2 |
About eBullion, Inc. (OTCMKTS:EBML)
eBullion, Inc. is engaged in the precious metals trading business, facilitating the execution of gold and silver price contracts for customers of its agents through an electronic trading platform, which the Company licenses from an affiliated company, True Technology Company Limited. The Company is engaged in the business through its Hong Kong subsidiary, Man Loong Bullion Company Limited (Man Loong). The electronic trading platform provides various independent sales agents and their customers with the Chinese Gold & Silver Exchange (CGSE) price quotations on gold and silver price contracts, on a Loco London basis, as well as information updates on the gold and silver market, based on an evaluation of third-party market pricing sources. The electronic trading platform also provides an agent’s customers with up-to-date market data, trade reports and gain/loss reports to assist them in evaluating their portfolio and effecting trades. eBullion, Inc. (OTCMKTS:EBML) Recent Trading Information
eBullion, Inc. (OTCMKTS:EBML) closed its last trading session down -0.0723 at 0.0677 with 9,854 shares trading hands.