SEC Company Response from CLANCY SYSTEMS INTERNATIONAL — Feb 19, 2020
CLANCY SYSTEMS INTERNATIONAL INC /CO/ (CIK 0000789318)
Date: Feb. 19, 2020 · CIK: 0000789318 · Accession: 0001683168-20-000528
AI Filing Summary & Sentiment
Letter
Re: Clancy Systems International, Inc.
CLANCY SYSTEMS INTERNATIONAL, INC.
2250 S. Oneida #308, Denver, Colorado
February 18, 2020
Division of Corporation Finance
Office of Technology
Attn: Kathleen Collins
Eiko Yaoita Pyles
Form 10-K for the Fiscal Year Ended September 30, 2019
Filed December 16, 2019
File No. 033-04882-D
Clancy Systems International, Inc. should not have filed any reports with the Securities and Exchange Commission for any period since their filing of Form 15-15D in 2009.
Our intension was to file with the OTC Markets zero dollar financial statements showing the company has no activity for the past two years. None of these filings should have been made with the SEC and on top of that, none of the data reported is correct as all assets had been distributed in 2012 with no activity since.
Correction from last letter
As of September 30, 2019, we have 190 shareholders of record, Total Assets of $0, Liabilities of $0, Common Stock = $33,242, Additional paid-in capital of $1,210,795 and retained earnings of $(1,244,037) for Total Liabilities and Stockholders’ Equity = $0.
All assets and liabilities were distributed to the then owner during 2012. Inventory was left on the books which we are writing off over the 2017 through 2019 amended 10K filings.
The Company intended to file the “Basic Disclosure Statements” required by the OTC Markets, to meet the OTC Markets Requirements ONLY. However, inadvertently these Forms were filed by mistake due to a miscommunication by and between the Service Provider that the Company uses for EDGARIZING and OTC filings and the Company's Management.
Management intends to refile amended reports for the fiscal years ended September 30, 2019, 2018 and 2017 and the quarterly reports in between fiscal year ended 2018 and 2019 solely to correct the erroneous public filings. Even though they were not intended for the SEC, since they were uploaded, we will make every effort to correct the inaccuracies. These amended filings will be made this week.
Management intends to file with OTC Markets as a non-reporting or un-audited Company, meeting the requirements only of the OTC Markets as well.
The Company is currently financially unable to meet the requirement of the Securities and Exchange Commission and is unable to bring these aforementioned filings compliant. Since we are a voluntary filer, we have no intention at this time of making any additional filings with Securities and Exchange Commission.
Clancy Systems International Inc., would like to apologize as all of these filings were inadvertently filed by mistake.
Sincerely,
/s/ Tony Nick
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CLANCY SYSTEMS
INTERNATIONAL, INC.
2250 S. Oneida #308, Denver, Colorado
80224
February 18, 2020
Division of Corporation Finance
Office of Technology
Attn: Kathleen Collins
Eiko Yaoita Pyles
Re:
Clancy Systems International, Inc.
Form 10-K for the Fiscal Year Ended September 30, 2019
Filed December 16, 2019
File No. 033-04882-D
Clancy Systems International, Inc. should not have filed
any reports with the Securities and Exchange Commission for any period since their filing of Form 15-15D in 2009.
Our intension was to file with the OTC Markets zero dollar
financial statements showing the company has no activity for the past two years. None of these filings should have been made
with the SEC and on top of that, none of the data reported is correct as all assets had been distributed in 2012 with no
activity since.
Correction from last letter
As of September 30, 2019, we have 190 shareholders of record,
Total Assets of $0, Liabilities of $0, Common Stock = $33,242, Additional paid-in capital of $1,210,795 and retained earnings
of $(1,244,037) for Total Liabilities and Stockholders’ Equity = $0.
All assets and liabilities were distributed to the then
owner during 2012. Inventory was left on the books which we are writing off over the 2017 through 2019 amended 10K filings.
The Company intended to file the “Basic
Disclosure Statements” required by the OTC Markets, to meet the OTC Markets Requirements ONLY. However, inadvertently
these Forms were filed by mistake due to a miscommunication by and between the Service Provider that the Company uses for
EDGARIZING and OTC filings and the Company's Management.
Management intends to refile amended reports for
the fiscal years ended September 30, 2019, 2018 and 2017 and the quarterly reports in between fiscal year ended 2018 and 2019
solely to correct the erroneous public filings. Even though they were not intended for the SEC, since they were uploaded, we
will make every effort to correct the inaccuracies. These amended filings will be made this week.
Management intends to file with OTC Markets
as a non-reporting or un-audited Company, meeting the requirements only of the OTC Markets as well.
The Company is currently financially
unable to meet the requirement of the Securities and Exchange Commission and is unable to bring these aforementioned filings compliant.
Since we are a voluntary filer, we have no intention at this time of making any additional filings with Securities and Exchange
Commission.
Clancy Systems International Inc., would like to apologize
as all of these filings were inadvertently filed by mistake.
Sincerely,
/s/ Tony Nick
Tony Nick, CEO
February 18, 2020