Madera filed an 8k today with the SEC. Hopefully means no more late reports (from airline strikes) and no more 6 month delays while the land holdings are checked. Here's the meat:
Item 4. Changing Accountants
On March 26, 1999, the Board of Directors of Registrant voted to appoint Sanson, Kline, Jacomino & Company, LLP - Certified Public Accountants as Auditors for the current year ending March 31, 1999. An engagement letter (See Exhibit "A" attached hereto) was signed on that same date engaging that firm for the annual Audit. This firm is located in Miami, Florida, which makes it more convenient to establish communication links.
The previous Auditors, Harlan & Boettger, CPAs, of San Diego, California had been the Auditors for several years. The Registrant notified them of the desire to choose accountants that were local and that had knowledge of operations in Spanish Speaking environments.
The change is strictly a result of convenience for management and
for required communication skills needed when conducting business in rural locations in South America.
Things get better and better,
Dave |
