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Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (23736)	9/1/1999 8:30:00 AM
From: tonto	Respond to of 26163

Management projected tremendous sales and profits with insufficient <s> accounting procedures in place. We did not observe the physical inventory in 1998 stated in the accompanying financial statements at $444,983. The Company's records do not permit the application of other auditing procedures to inventories. In addition, the Company does not maintain certain customary accounting records and supporting documents relating to transactions with suppliers and customers, nor, in our opinion, is the system of internal control adequate to provide safeguards of assets and to assure proper recording of transactions. Accordingly, it was impracticable to extend our procedures sufficiently to determine the extent to which the financial statements may have been affected by these conditions. Since inventory at December 31, 1998 enters significantly into the determination of financial position, results of operations, and cash flows, and since the Company does not maintain certain customary accounting records or documents, or an adequate system of internal control, as described in the preceding paragraph, the scope of our work was not sufficient to enable us to express an opinion, and we do not express an opinion on the financial statements referred to above. As discussed in Note 3, the Company has numerous related party transactions and is dependent upon a related party supplier for its phytogenics products. In addition, as discussed in Note 1, the Company is dependent on its ability to continue to operate within United States Government guidelines for nutritional supplements

To: Arcane Lore who wrote (23736)	9/1/1999 8:54:00 AM
From: Q.	Read Replies (1) \| Respond to of 26163

re. <<we do not express an opinion on the financial statements referred to above>> Wow. I've read quite a few auditor's reports over the years, and this is the first time I've seen this.

To: Arcane Lore who wrote (23736)	9/30/1999 8:47:00 PM
From: Arcane Lore	Read Replies (2) \| Respond to of 26163

From the OTCBB.com Site: Insufficient Audit Opinion May Result in Non-Compliance with Eligibility Rule Certain issuers whose securities are currently quoted on the OTCBB have been determined not to meet the requirements of the Eligibility Rule. Specifically, it has come to the attention of the NASD that the public filings of these issuers do not comply with the requirements of the federal securities laws. Generally, this is a result of the issuer's most recent annual report containing an audit opinion that was adverse, disclaimer or not provided. Accordingly, the NASD will append these issuers' symbols with a fifth character "E." Unless the NASD receives information within 30 calendar days indicating that the issuer meets the requirements of the Eligibility Rule, the issuer's securities will be removed from the OTCBB. If you have any questions, please contact: OTCBB Filings Department 9801 Washingtonian Blvd. Gaithersburg, MD 20878-5356 202-496-2542 otcbb.com

To: Arcane Lore who wrote (23736)	10/17/1999 7:43:00 AM
From: Arcane Lore	Read Replies (1) \| Respond to of 26163

Section 13(b)(2) of the Securities Exchange Act: 2. Every issuer which has a class of securities registered pursuant to Section 12 of this title and every issuer which is required to file reports pursuant to Section 15(d) of this title shall-- A. make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer; and B. devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances that-- i. transactions are executed in accordance with management's general or specific authorization; ii. transactions are recorded as necessary (I) to permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria applicable to such statements, and (II) to maintain accountability for assets; iii. access to assets is permitted only in accordance with management's general or specific authorization; and iv. the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. law.uc.edu

To: Arcane Lore who wrote (23736)	12/8/2000 5:37:28 PM
From: Arcane Lore	Read Replies (2) \| Respond to of 26163

Another bizarre 8-K from AZNT. For reference, here is a link to the opinion letter from Albright, Persing & Associates from the 1998 10-K: Message 11126263 ITEM 4 - CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT Effective as of February 2, 2000, the Company was made aware by way of letter from the SEC that the Company's accountants, Albright, Persing & Associates, Ltd. ("Albright") had in fact resigned as the company's independent certified public accounts. The only report of Albright on the consolidated financial statements of the company (at and for the year ending December 31, 1998) did contain an adverse opinion, but it was not qualified or modified as to audit scope or accounting principles. The report of Albright did include an uncertainty paragraph expressing substantial doubt about the company's ability to continue as a going concern. The Company requested that Albright furnish it with the resignation letter that Albright sent to the Securities and Exchange Commission (The Commission). The company has also requested that Albright furnish the company with a letter addressed to The Commission stating whether or not it agrees with the above statements. A copy of the company's request letter is filed herewith and attached hereto as Exhibit 99(a). Upon information and belief, Albright has been working in concert with the Defendants in Federal Case No. CV-S-98-01247-LDG (RLH) and with deliberate intent has followed a course of action in which Albright has adversely affected the company. Due to this fact, to this date, Albright has not furnished the company nor (The Commission) with a letter stating whether or not it agrees with the above statements. A copy of the resignation letter is filed herewith and attached hereto as Exhibit 99(b). This letter was never sent to the company by Albright, but instead was sent by Albright to The Commission. The Company was made aware of this letter only when the Company received a copy thereof from the Commission. The Company has engaged Piercy, Bowler, Taylor & Kern ("Piercy") to replace Albright. However, Piercy will not have sufficient opportunity to review the company's financial records before the next required filing date. As the company may be unable to prepare the next required filing report under the company's normal review standards, the company subsequently may be required to file a notice of late filing with The Commission. TYPE: EX-99.A OTHERDOC SEQUENCE: 2 FILENAME: 0002.txt DESCRIPTION: LETTER TO ALBRIGHT OTHERDOC AVAILABLE Series=0002.txt Ver="": Document is copied. EXHIBIT 99(a) May 12, 2000 Albright, Persing & Associates, Ltd. 1025 Ridgeview Drive, Suite 300 Reno, NV 89509 Telephone: 775-826-5432 Telefax: 775-826-5510 Dear Sirs: Enclosed please find copy of Proposed 8K to be filed with the Securities and Exchange Commission (SEC). We are requesting from you to furnish us with a letter addressed to the Securities and Exchange Commission (SEC) whether or not you agree with the statements. Please forward us this letter as soon as possible. Accordingly, AMAZON NATURAL TREASURES, INC. /s/ Michael A. Sylver Michael A. Sylver President MAS:jr Enclosure TYPE: EX-99.B OTHERDOC SEQUENCE: 3 FILENAME: 0003.txt DESCRIPTION: LETTER FROM ALBRIGHT OTHERDOC AVAILABLE Series=0003.txt Ver="": Document is copied. EXHIBIT 99(b) Albright, Persing & Associates, Ltd. CERTIFIED PUBLIC ACCOUNTANTS 1025 Ridgeview Dr. Suite 300 Reno, Nevada 89509 Phone (775) 826-5432 FAX (775) 826-5510 January 14, 2000 Mr. Michael Sylver President Amazon Natural Treasures, Inc. 4011 West Oquendo Road, #C Las Vegas, Nevada 89118 Dear Mr. Sylver: This is to confirm that the client-auditor relationship between Amazon Natural Treasures, Inc. (Commission File Number: 33-26109) and Albright, Persing & Associates, Ltd. has ceased. Very truly yours, /s/ Albright, Persing & Associates, Ltd. ---------------------------------------- Albright, Persing & Associates, Ltd. cc: Office of the Chief Accountant SECPS Letter File Securities and Exchange Commission Mail Stop 9-5 450 Fifth Street, N.W. Washington, D.C. 20549 freeedgar.com