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Microcap & Penny Stocks : CTIG -- Ignore unavailable to you. Want to Upgrade?

To: jorjen who wrote (113)	4/7/1999 8:11:00 AM
From: Chris Forte	Respond to of 319

Jim, are you talking about CTIG, INTI, or INTE?<gg> Chris

To: jorjen who wrote (113)	4/7/1999 9:44:00 AM
From: Madeleine Harrison	Read Replies (1) \| Respond to of 319

'Morning Jim, Before I get into a chat I had with Tony Johns, CEO, about the 8K filing and other matters, here is URL for the 8K and the lead paragraph in the 8K (emphasis mine): Zelenkofske Axelrod's report on the financial statements of the Company for either of the past two fiscal years ending March 31, 1998, contained no adverse opinion nor disclaimer of opinion, nor was the report modified as to uncertainty, audit scope or accounting principles. There were no disagreements between the Company and Zelenkofske Axelrod during the two most recent fiscal years, nor during the subsequent interim period through March 17, 1999, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which, if not resolved to Zelenkofske Axelrod's satisfaction, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report. ~~~~~~~~~~~~~~~~~~ In short, it was an oddity. The accountants, Zelenkofske Axelrod (ZA) were not, by accountanting rules and practices, permitted to sign off on on the CTIG's UK division books when the UK division revenues had become larger than the holding company's revenues. Normally the holding company has more revenues. CTIG is in the process of making a decision on a large accounting firm who will be able to handle the entire corporation's books and do them timely. Johns pointed out that it was not coincidental they are making this change at the same time they had just brought on a new CFO. ("fluent in German" he said significantly, as did the press release) More on that in later post. Hope this clears up the question. -Madly