NXCHAIN INC. (OTCMKTS:NXCN) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01
(a) On or about November 2, 2018, Hall & Company Certified Public Accountants And Consultants, Inc. (“Hall & Company”) resigned as the auditors and independent registered public accounting firm of NXChain Inc. (“Registrant” or “Company”). From its hiring on November 2, 2017 until its resignation on October 9, 2018, Hall & Company did not provide any audit opinions and/or reports on the Registrant’s financial statements.
(b) Engagement of AJ Robbins CPA LLC as Registrant’s Auditors and Independent Registered Public Accounting Form
On December 5, 2018, the Board of Directors of Registrant approved the engagement of AJ Robbins CPA LLC as Registrant’s independent public accountants for its fiscal year ending May 31, 2017. This decision was finalized between Registrant and AJ Robbins CPA LLC on December 3, 2017. During Registrant’s two most recent fiscal years ended May 31, 2015 and 2016, and interim period subsequent to May 31, 2016, Registrant has not consulted with AJ Robbins CPA LLC on items regarding either (1) the application of accounting principles to a specified transaction, either completed or proposed; (2) the type of audit opinion that might be rendered on the financial statements; or (3) the subject matter of any disagreement (as defined in Item 304 (a) (1)(iv) or Regulation S-K) or reportable event (as defined in Item 304 (a) (1)(v) or Regulation S-K) with Registrant’s former auditor.
By hiring AJ Robbins CPA LLC, the Company seeks to finish its audit for its fiscal year ending May 31, 2017, obtain full compliance with its SEC reporting requirements after May 31, 2017, and to register all of the Company’s issued and unregistered common stock with the SEC to publicly register this stock for trading in securities markets in the U.S.
On November 19, 2018, the Company entered into a contract with the law firm Price Sanond in Bangkok, Thailand to represent the Company regarding legal issues that involve the Company’s contract with ExPay Group in the country of Thailand. This contract was disclosed in the Company’s Form 8-K as Item 1.01. The Company will not close this contract to purchase 49% of ExPay Group because of these legal issues. The foregoing Form 8-K was filed with the SEC in July 14, 2017.
Certain statements contained in this Form 8-K may be deemed to be forward-looking statements under federal securities laws and the Registrant intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, but are not limited to those made in this disclosure. Registrant cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements. Additional information on factors is continued in the Registrant’s filings made with the Securities and Exchange Commission. The Registrant assumes no (and hereby disclaims) obligation to update the forward-looking statements contained in this Form 8-K.
About NXCHAIN INC. (OTCMKTS:NXCN)
NXChain Inc., formerly AgriVest Americas, Inc., is a shell company. The Company’s sole purpose is to locate and consummate a merger with or an acquisition of a private entity. The Company intends to engage in digital currency businesses, and at this time, its purpose is to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities in such industry presented to it by persons or firms. The Company may seek a business opportunity with entities that have recently commenced operations, or that wish to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service, or for other corporate purposes. The Company may acquire assets and establish subsidiaries in various businesses or acquire existing businesses as subsidiaries. The Company did not record any revenues related to its operations during the fiscal years ended May 31, 2016.
