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Microcap & Penny Stocks : CAVR (Carver Corporation),Book at 1.28,price 0.25. -- Ignore unavailable to you. Want to Upgrade?


To: JSB who wrote (81)4/3/1998 12:22:00 PM
From: cAPSLOCK  Read Replies (1) | Respond to of 319
 
I am suprised that no oone here has taken the time to make not of the 10K extention Carver filed...

Mr. John P. World
Executive Vice President &
General Manager
Carver Corporation
15300 Woodinville/Redmond Road N.E. Suite A
Woodinville, WA

Dear Mr. World:

Due to the timing of the development of a new business plan to assist the
Company in a return to profitability, along with entering into an agreement in
principal with an investor, we have not had sufficient time to analyze the
ramifications of these matters on the financial statements as of December 31,
1997. Significant and recurring losses have eroded the Company's working capital
and management believes that without an immediate infusion of capital it may not
be able to satisfy a number of its financial obligations in the near future.

Therefore, we have not formed an opinion on the financial statements referred to
above and will require the additional time requested to analyze and review the
business plan upon its completion.

We recognize that the Company is required to file its annual report with the
Securities and Exchange Commission by March 31, 1998. We recommend that the
Company seek an extension of time under Rule 12b-25 of the 1934 Act.

Very truly yours,

/s/ Moss Adams LLP
MOSS ADAMS LLP