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EX-16 - EXHIBIT 16.1 - AlumiFuel Power Corpafpw8ka102180211ex16_1.htm

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K/A

 

Current Report Pursuant to Section 13 or

15(d) of the Securities Act of 1934

 

 

 

Date of Report (Date of earliest event reported):

February 14, 2011

 

 

ALUMIFUEL POWER CORPORATION

(Exact name of registrant as specified in its charter)

 

 

Nevada

333-57946

88-0448626

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification Number)

 

 

7315 East Peakview Avenue

Englewood, Colorado 80111

 (Address of principal executive offices) (Zip Code)

 

 

Registrant's telephone number, including area code: (303) 796-8940

 

 

 (Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

Item 4.01  Changes in Registrant’s Certifying Accountant

 

On February 14, 2011, the Company dismissed its certifying accountants, Cordovano & Honeck, LLP.  The change in accountants was approved by the Company's board of directors.  Concurrent with this dismissal, the board of directors approved the appointment of RR Hawkins & Associates International, PSC, ("RR Hawkins"), 5777 W. Century Blvd., Suite 1500, Los Angeles, CA 90045, effective on February 14, 2011.

 

During the two fiscal years ended December 31, 2009 and January 31, 2009 and in the subsequent interim period through February 14, 2011, the date of the dismissal of Cordovano & Honeck, LLP, there were no disagreements with Cordovano & Honeck, LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Cordovano & Honeck, LLP, would have caused them to make reference in connection with their report to the subject matter of the disagreement. Furthermore, Cordovano & Honeck, LLP has not advised the Company of any reportable events as defined in Item 304(a)(1)(iv) of Regulation S-K.

 

The report of the independent registered public accounting firm of Cordovano & Honeck, LLP as of and for the years ended December 31, 2009 and January 31, 2009 did not contain any adverse opinion or disclaimer of opinion, nor was it qualified or modified as to audit scope or accounting principle. The reports, however, each contained a “going concern” paragraph.  Accordingly, the paragraph stated the Company earned no revenues during the years ended December 31, 2009 and January 31, 2009, incurred significant operating losses, used significant cash in support of its operating activities and, based upon current operating levels, requires additional capital or significant restructuring to sustain its operations for the foreseeable future.  These conditions raised substantial doubt about the Company's ability to continue as a going concern.

 

A copy of the foregoing disclosures was provided to Cordovano & Honeck, LLP prior to the date of the filing of this report. Attached as an exhibit is a letter from Cordovano & Honeck, LLP addressed to the Securities and Exchange Commission, stating that Cordovano & Honeck, LLP agreed with the statements above. The Company is filing this letter as Exhibit 16.1.

 

Prior to RR Hawkins's engagement, the Company did not consult with that firm as to the type of audit opinion that might be rendered on the Company’s financial statements nor did RR Hawkins provide any written or oral advice relating to any accounting, auditing or financial issue relating to the Company regarding any of the matters or events set forth in Item 304(a)(2)(i) or Item 304(a)(2)(ii) of Regulation S-K.

 

 

Item 9.01  Financial Statements and Exhibits

 

    (d)  Exhibits

 

    16.1     Letter from Cordovano & Honeck, LLP dated March 1, 2011.  (Filed herewith)

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

ALUMIFUEL POWER CORPORATION

 

Date:  March 3, 2011

By:       /s/  Thomas B. Olson                                                  
            Thomas B. Olson,
Secretary

 

 

 

 

 

 

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