SEC Comment Letter for Smart Powerr Corp. (CREG) (CIK 0000721693) (CREG) — May 5, 2008
Smart Powerr Corp. (CREG) (CIK 0000721693)
Date: May 5, 2008 · CIK: 0000721693 · Accession: 0000000000-08-023127
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 000-12536
Letter
May 2, 2008 Mail Stop 4561 By U.S. Mail and facsimile to (212) 219-3604 Mr. Guangyu Wu, Chief Executive Officer China Recycling Energy Corporation 429 Guangdong Road Shanghai, People’s Republic of China 200001 RE: Item 4-02 Form 8-K Filed April 30, 2008 File No. 000-12536
Dear Mr. Wu: We have reviewed your Item 4.02 Form 8-K for compliance with the form requirements and have the following comments. 1. Please amend your filing to: • indicate that the financial statemen ts for the year ended December 31, 2006 should no longer be relied upon; and • describe the information provide d by your independent accountant; 2. We note that you intend to file restated financial statements. Please tell us how, and when, you will file them.
You should respond and file an amendmen t to the filing on or before May 9, 2008.
We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filings reviewed by the staff to be certain that they have provided all information investors require for an info rmed decision. Since the company and its management are in possession of all facts re lating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. In connection with responding to our comments, please provide, in writing, a statement from the company acknowledging that: • the company is responsible for the adequacy and accuracy of the disclosure in the filings;
China Recycling Energy Corporation Page 2 of 2 • staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filings; and
• the company may not assert staff comme nts as a defense in any proceeding initiated by the Commission or any person under the federal secu rities laws of the United States.
In addition, please be advise d that the Division of Enfo rcement has access to all information you provide to the staff of the Divi sion of Corporation Fi nance in our review of your filings or in response to our comments on your filings.
If you have any questions, pl ease call me at (202) 551-3414.
Sincerely, Jorge L. Bonilla
Senior Staff Accountant
Show Raw Text
May 2, 2008 Mail Stop 4561
By U.S. Mail and facsimile to (212) 219-3604
Mr. Guangyu Wu, Chief Executive Officer China Recycling Energy Corporation 429 Guangdong Road Shanghai, People’s Republic of China 200001
RE: Item 4-02 Form 8-K
Filed April 30, 2008
File No. 000-12536
Dear Mr. Wu:
We have reviewed your Item 4.02 Form 8-K for compliance with the form
requirements and have the following comments.
1. Please amend your filing to:
• indicate that the financial statemen ts for the year ended December 31,
2006 should no longer be relied upon; and
• describe the information provide d by your independent accountant;
2. We note that you intend to file restated financial statements. Please tell us how,
and when, you will file them.
You should respond and file an amendmen t to the filing on or before May 9,
2008.
We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filings reviewed by the staff to be certain that they have provided all information investors require for an info rmed decision. Since the company and its
management are in possession of all facts re lating to a company’s disclosure, they are
responsible for the accuracy and adequacy of the disclosures they have made.
In connection with responding to our comments, please provide, in writing, a statement from the company acknowledging that:
• the company is responsible for the adequacy and accuracy of the disclosure in the
filings;
China Recycling Energy Corporation
Page 2 of 2
• staff comments or changes to disclosure in response to staff comments do not
foreclose the Commission from taking any action with respect to the filings; and
• the company may not assert staff comme nts as a defense in any proceeding
initiated by the Commission or any person under the federal secu rities laws of the
United States.
In addition, please be advise d that the Division of Enfo rcement has access to all
information you provide to the staff of the Divi sion of Corporation Fi nance in our review
of your filings or in response to our comments on your filings.
If you have any questions, pl ease call me at (202) 551-3414.
Sincerely, Jorge L. Bonilla
Senior Staff Accountant