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EX-16.1 - EXHIBIT 16.1 - Panacea Global, Inc.panacea8kitems401and901exhib.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): September 5, 2014


PANACEA GLOBAL, INC.

(Exact name of registrant as specified in its charter)


 

 

 

 

 

 

 

 

 

 

Nevada

  

000-30424

  

33-0680443

(State or other jurisdiction of incorporation or organization)

  

(Commission File Number)

  

(IRS Employer Identification No.)


 

 

 

 

 

 

330 Highway #7 East, Suite #502, Richmond Hill

Ontario, Canada

  

L4B3P8

(Address of principal executive offices)

  

(Zip Code)

 

 

 

Registrant’s telephone number, including area code: (416) 450-6414


 

 

 

 

 

 

  

Not Applicable

  

  

(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)


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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.  

 

Dismissal of Previous Independent Registered Public Accounting Firm

 

On September 5, 2014, the Board of Directors of Panacea Global, Inc. (the “Company”) dismissed EFP Rotenberg, LLP (“EFP”) as its independent registered public accounting firm.

 



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The report of EFP on the audited financial statements of the Company for the fiscal years ended December 31, 2013 and December 31, 2012 did not contain any adverse opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope, or accounting principles, except for a going concern qualification on the Company’s financial statements for the fiscal years ended December 31, 2013 and December 31, 2012.


During the Company’s two most recent fiscal years, the subsequent interim periods thereto, and through September 5, 2014, there were no disagreements (as defined in Item 304 of Regulation S-K) with EFP 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 EFP, would have caused it to make reference in connection with its opinion to the subject matter of the disagreement. Further, during the Company’s two most recent fiscal years, the subsequent interim periods thereto, and through September 5, 2014, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K).


We furnished EFP with a copy of this disclosure on September 25, 2014, providing EFP with the opportunity to furnish the Company with a letter addressed to the Securities and Exchange Commission (the “SEC”) stating whether it agrees with the statements made by us herein in response to Item 304(a) of Regulation S-K and, if not, stating the respect in which it does not agree.  A copy of EFP’s letter to the SEC is filed as Exhibit 16.1 to this Report.

 

Engagement of New Independent Registered Public Accounting Firm

 

On September 5, 2014, the Board of Directors of the Company engaged GBH CPAs, PC (“GBH”) as our independent registered public accounting firm.

 

During the years ended December 31, 2013, and 2012, and the subsequent interim periods through September 5, 2014, neither the Company nor anyone acting on its behalf consulted GBH with respect to (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that GBH concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issues; or (ii) any matter that was the subject of a disagreement or a reportable event set forth in Item 304(a)(1)(iv) and (v), respectively, of Regulation S-K.


Item 9.01   Financial Statements and Exhibits.

 

(d)  Exhibits:  The following exhibits are filed as part of this report:

 

Exhibit No.

  

Description

  

  

  

16.1 

  

Letter from EFP Rotenberg, LLP.




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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.


 

 

 

 

 

 

  

PANACEA GLOBAL, INC.

  

  

Date: September 30, 2014

By:  

/s/ Mahmood Moshiri

  

  

Mahmood Moshiri

Chief Executive Officer






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