SIGNAL BAY, INC. (OTCMKTS:SGBY) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Change in Registrant’s Certifying Accountant
On April 24, 2017, the Board of Directors of Signal Bay, Inc., a
Colorado corporation (the Company), approved the engagement of
Sadler, Gibb and Associates LLC (SGA) as the Companys independent
registered public accounting firm for the Companys fiscal year
ended September 30, 2017, effective immediately, and dismissed
MaloneBailey, LLP (MB) as the Company’s independent registered
public accounting firm. MBs audit reports on the Companys
consolidated financial statements as of and for the fiscal years
ended September 30, 2016 and 2015 did not contain an adverse
opinion or a disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles
except to indicate that there was substantial doubt about the
Companys ability to continue as a going concern.
During the fiscal years ended September 30, 2016, and 2015, and
the subsequent interim periods through April 24, 2017, there were
(i) no disagreements (as described in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions) between the Company
and MB on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which, if not resolved to MBs satisfaction, would have caused MB
to make reference thereto in their reports on the financial
statements for such years, and (ii) no reportable events within
the meaning of Item 304(a)(1)(v) of Regulation SK.
The Company provided MB with a copy of the disclosures it is
making in this Current Report on Form 8-K and requested that MB
furnish a letter addressed to the Securities and Exchange
Commission stating whether or not it agrees with the statements
made herein. A copy of MBs letter datedApril 25, 2017, is filed
as Exhibit 16.1 hereto.
During the fiscal years ended September 30, 2016, and 2015, and
the subsequent interim periods through April 24, 2017, neither
the Company nor anyone acting on its behalf has consulted with
SGA regarding (i) the application of accounting principles to a
specific transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the Companys financial
statements or the effectiveness of internal control over
financial reporting, and neither a written report or oral advice
was provided to the Company that SGA concluded was an important
factor considered by the Company in reaching a decision as to any
accounting, auditing, or financial reporting issue, (ii) any
matter that was the subject of a disagreement within the meaning
of Item 304(a)(1)(iv) of Regulation S-K, or (iii) any reportable
event within the meaning of Item 304(a)(1)(v) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits
Exhibit:
| 16.1 | Letter dated April 25, 2017 from MaloneBailey, LLP. |
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About SIGNAL BAY, INC. (OTCMKTS:SGBY)
Signal Bay, Inc. (Signal Bay), through its subsidiaries, provides advisory, management and analytical testing services to the legalized cannabis industry. The Company’s segments are Signal Bay Consulting (SBC) and CR Labs, Inc. (CRLB). SBC provides advisory, licensing and compliance services to the cannabis industry. SBC’s clients are located in states that have state managed medical and/or recreational programs. SBC assists these companies with license applications, business planning, state compliance and ongoing operational support. CRLB provides analytical testing services to the cannabis industry. CRLB’s clients are located in Oregon and consist of growers, processors and dispensaries. Signal Bay provides advisory and consulting services to cannabis companies, including license application support, regulatory compliance, market forecasts and operational insights. It also publishes industry information through online media, research reports and publications. SIGNAL BAY, INC. (OTCMKTS:SGBY) Recent Trading Information
SIGNAL BAY, INC. (OTCMKTS:SGBY) closed its last trading session down -0.0007 at 0.0207 with 7,018,791 shares trading hands.