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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: backman who wrote (75671)	4/16/2002 4:09:32 PM
From: Anthony@Pacific	Respond to of 122087

SLPH <-----------INVESTIGATION BY SEC !!!!!! I am VINDICATED !!!!!!!! Item No. 4. Changes in Registrant's Certifying Accountant. ----------- ---------------------------------------------- On or about April 5, 2002, the Company's independent accountants Tanner & Co. in Salt Lake City, Utah, resigned as the Company's auditors. In letter to management dated April 5, 2002, Tanner & Co. indicated that thei decision to resign was based on their conclusion that they "may not be able trely on management's representations" and that this "conclusion is based on issues raised by an investigation being conducted by the Securities and Exchange Commission that have not been resolved to [Tanner & Co.'s] satisfaction." Tanner & Co. refers to an investigation being conducted by the Salt Lake City, Utah office of the Securities and Exchange Commission. On or about March 4, 2002, the Salt Lake City, Utah office of the Securities and Exchange Commission sent letters to the Company and its CEO, Rudolph Gunnerman, indicating that as a result of its investigation captioned In the Matter of SulphCo, Inc. (SL-02337), that the staff of the Salt Lake District Office was recommending that a civil injunctive action be filed naming the Company and Mr. Gunnerman as defendants. The letter to the Company alleges violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1934 and Section 10(b) of the Securities Act of 1934 and Rule 10b-5 thereunder. The letter to Mr. Gunnerman alleges violations of Section 5(a),5(c), and 17(a) of the Securities Act of 1934 and Section 10(b) of the Securities Act of 1934 and Rule10b-5 and Rule 101 under Regulation M thereunder. The letters invite the Company and Mr. Gunnerman to submit written statements concerning the staff's allegations. Such written statements are generally as known as "Wells Committee Submissions." The Company and Mr. Gunnerman deny the allegations made by staff in the letters and have retained counsel to respond to the staff's allegations. Counsel for Mr. Gunnerman and the Company has submitted a Wells Committee submission to the SEC.