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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Mr. Pink who wrote (12612)1/24/2000 7:44:00 PM
From: TRIIBoy  Read Replies (1) of 18998
 
Not a good sign for PASA:

On January 18, 2000, the Registrant dismissed Deloitte & Touche LLP
("Deloitte") as its independent accountants. From September 4, 1999 through
January 18, 2000 (the period of the Registrant's engagement of Deloitte),
Deloitte produced no reports or opinions on the Registrant's financial
statements and there were no disagreements with Deloitte on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedure. Deloitte has furnished the Registrant with a letter
addressed to the Securities and Exchange Commission stating that Deloitte agrees
with the statements above. A copy of such letter is attached to this Current
Report on Form 8-K as Exhibit 16.1.

The Registrant replaced Deloitte with KPMG LLP ("KPMG") on January 18,
2000. The decision to hire KPMG was approved by the Company's Board of
Directors.
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