BEMAX INC. (OTCMKTS:BMXC) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01 Change in Registrants Auditors
BEMAX INC. (OTCMKTS:BMXC) Files An 8-K Changes in Registrant’s Certifying Accountant
(a) Previous independent registered audit firm.
Effective December 1, 2016, the Registrant dismissed George Stewart, CPA (“George Stewart”), which did audit Registrants year-end financial statements for the year ended May 31, 2016. The change in the Registrants auditors was at the instance of George Stewart as he commence his transition to retirement and approved by the Board of Directors of the Registrant.
During the year ended May 31, 2016 there were no disagreements with George Stewart (as defined in Item 304(a)(1)(iv) of Regulation S-K) on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of George Stewart, would have caused them to make reference thereto in their report on financial statements for such years.
During the year ended May 31, 2016 and through November 30, 2016, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K).
The report of the independent registered public accounting firm of George Stewart for the year ended May 31, 2016 did not contain any adverse opinion or disclaimer of opinion, nor was it qualified or modified as to audit scope or accounting principle. However, the report contained a going concern paragraph.
The Company provided George Stewart with a copy of this report on Form 8-K in accordance with Item 304(a) of Regulation S-K prior to its filing with the Securities and Exchange Commission and requested that George Stewart furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements and, if it does not agree, the respects in which it does not agree. A copy of the letter from George Stewart filed as Exhibit 16.1 hereto and incorporated herein by reference.
(b) New independent registered public accounting firm.
On December 1, 2016, and effective the same date, on the recommendation of the Registrants Board of Directors, the Registrant engaged Jennifer Crofoot, CPA, as its independent registered audit firm to audit the Registrants financial statements for the fiscal year ended May 31, 2017 and to perform procedures related to the financial statements included in the Registrants quarterly reports on Form 10-Q, beginning with the quarter ending November 30, 2016.
During the fiscal year ended May 31, 2016 and through the date of the engagement of George Stewart, neither the Registrant nor anyone on its behalf has consulted with George Stewart, regarding either:
(a) The application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Registrants financial statements, and neither was a written report provided to the Registrant nor was oral advice provided that George Stewart, concluded was an important factor considered by the Registrant in reaching a decision as to an accounting, auditing, or financial reporting issue; or
(b) Any matter that was either the subject of a disagreement or a reportable event, as each term is defined in Items 304(a)(1)(iv) or (v) of Regulation S-K, respectively.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description
16.1 Letter of George Stewart, CPA to the Securities and Exchange Commission dated December 2, 2016.
About BEMAX INC. (OTCMKTS:BMXC)
Bemax Inc. is a development-stage company. The Company is focused on exporting and distribution of disposable baby diapers. It exports disposable baby diapers from the United States and Canada, and distributes them in London, and South Africa. The Company also exports from manufacturers from Asia and distributes to other parts of Africa. The Company offers disposable diapers range in size from Newborn to Size six, which accommodates an over 35 pounds (lbs) child. The normal size weight ranges are approximately 10 pounds: newborn; 8 to 15 pounds: Size 1-2; 16 to 28 pounds: Size 3; 22 to 37 pounds: Size 4; 27 plus pounds: Size 5, and over 35 pounds: Size 6. BEMAX INC. (OTCMKTS:BMXC) Recent Trading Information
BEMAX INC. (OTCMKTS:BMXC) closed its last trading session down -0.0010 at 0.0250 with 41,017 shares trading hands.
Bemax Inc. is a development-stage company. The Company is focused on exporting and distribution of disposable baby diapers. It exports disposable baby diapers from the United States and Canada, and distributes them in London, and South Africa. The Company also exports from manufacturers from Asia and distributes to other parts of Africa. The Company offers disposable diapers range in size from Newborn to Size six, which accommodates an over 35 pounds (lbs) child. The normal size weight ranges are approximately 10 pounds: newborn; 8 to 15 pounds: Size 1-2; 16 to 28 pounds: Size 3; 22 to 37 pounds: Size 4; 27 plus pounds: Size 5, and over 35 pounds: Size 6. BEMAX INC. (OTCMKTS:BMXC) Recent Trading Information
BEMAX INC. (OTCMKTS:BMXC) closed its last trading session down -0.0010 at 0.0250 with 41,017 shares trading hands.
