SEC Company Response from OPTA CORP (CIK 0000789945) — Apr 6, 2005
OPTA CORP (CIK 0000789945)
Date: April 6, 2005 · CIK: 0000789945 · Accession: 0000789945-05-000002
AI Filing Summary & Sentiment
Referenced dates: March 22, 2005, March 29, 2005
Letter
Securities and Exchange Commission Attn: Larry Spirgel Assistant Director Re: Opta Corporation Form 10-K for the fiscal year ended June 30, 2004
Dear Mr. Spirgel:
This is to acknowledge the receipt of your letter dated March 29, 2005. As confirmed with you over the phone by Thomas Gong, Controller of our company, we will reflect the responses in our letter dated March 22, 2005 in our next Form 10-K filing. More specifically, the issues we addressed and which will be covered in our next Form 10-K filing include:
1.
The details of how the Company may be eligible to receive the balance of the funds in escrow.
2.
The details of why the note receivable from LIH was not recorded.
We acknowledge that the Company is responsible for the adequacy and accuracy of the disclosure in the filings, the 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 comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Please feel free to contact the undersigned at 480-905-9605 with any questions.
Sincerely,
/s/ Sean Wang
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Opta Corporation
Opta Corporation
1350 Old Bayshore Highway, Suite 740, Burlingame, CA 94010
Tel. (650) 579-3610 * Fax (650) 579-3606
April 5, 2005
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attn: Larry Spirgel
Assistant Director
Re: Opta Corporation
Form 10-K for the fiscal year ended June 30, 2004
Dear Mr. Spirgel:
This is to acknowledge the receipt of your letter dated March 29, 2005. As confirmed with you over the phone by Thomas Gong, Controller of our company, we will reflect the responses in our letter dated March 22, 2005 in our next Form 10-K filing. More specifically, the issues we addressed and which will be covered in our next Form 10-K filing include:
1.
The details of how the Company may be eligible to receive the balance of the funds in escrow.
2.
The details of why the note receivable from LIH was not recorded.
We acknowledge that the Company is responsible for the adequacy and accuracy of the disclosure in the filings, the 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 comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Please feel free to contact the undersigned at 480-905-9605 with any questions.
Sincerely,
/s/ Sean Wang
Chief Operating Officer