Simlatus Corp. (OTCMKTS:SIML) Files An 8-K Changes in Registrant’s Certifying Accountant
ITEM 4.01 Changes in Registrants Certifying Accountant
Board (PCAOB) on December 20, 2016, and correspondence received
by the Company on December 29, 2016, from the Securities and
Exchange Commission informing us of the revocation of
registration of the Registrants auditor, John Scrudato, CPA, as
well as the revocation of registration of Mr. Scrudatos firm,
Scrudato Company, PA, the Registrant entered into an engagement
agreement with a new PCAOB auditor, Debra L Lindaman, DLL CPAS,
LLC.
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1.
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Upon receipt of the above-referenced correspondence from
the Securities and Exchange Commission informing us of the revocation of registration of John Scrudato, CPA and his firm Scrudato Company, PA, (collectively Scrudato) the board of directors dismissed Scrudato as the Registrants auditor. |
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2.
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Scrudatos report for the Registrants second quarter
ending September 30, 2016, did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles, except for a going concern opinion expressing substantial doubt about the ability of the Registrant to continue as a going concern. |
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3.
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There have been no disagreements between the Registrant
and Scrudato regarding any matters of accounting principals or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s) if not resolved to the satisfaction of Scrudato, would have caused Scrudato to make reference to the subject matter of the disagreement(s) in connections with its reports; and no reportable events with the meaning set forth in Item 304(a)(1)(v) of Regulation S-K. |
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4.
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On January 5, 2017, the Registrant engaged Debra L
Lindaman of DLL CPAS, LLC as its independent registered public accounting firm (DLL CPAS, LLC). |
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5.
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During the Registrants two most recent fiscal years and
through the date of this report, the Registrant did not consult with DLL CPAS, LLC regarding (i) the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered regarding the Registrants financial statements, and no written or oral advice was provided by DLL CPAS, LLC that was an important factor considered by the Registrant in making a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of any disagreement or event, as set forth in Item 304 (a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K. |
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Exhibit No.
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Description
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99.1
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December 29, 2016 Correspondence from Securities and
Exchange Commission |
About Simlatus Corp. (OTCMKTS:SIML)
Simlatus Corporation, formerly Grid Petroleum Corp., designs, manufactures and sells audio and video broadcast equipment. The Company builds and thoroughly tests these items in-house prior to shipping to its customers. It has a revenue base in the broadcast industry with long-term national and international distribution. Its customers include smaller broadcast customers, which include religious facilities, international broadcast facilities and colleges, as well as radio stations, among others. It sells over 55 different products, which include a range of protection switches, high definition (HD) routers, analog routers, control panels, audio distribution, SyncPal and the SoundPal. The new products include SocialCast AR, Augmented Reality, and Virtual Reality Content Server. The target technologies include Virtual Reality, Augmented Reality, Audio/Video Codecs, Audio Content Recognition, and over-the-top (OTT) application program interface (API) integration into key platforms. Simlatus Corp. (OTCMKTS:SIML) Recent Trading Information
Simlatus Corp. (OTCMKTS:SIML) closed its last trading session 00.00000 at 0.00060 with 14,900,157 shares trading hands.