SEC Comment Letter for CENTENNIAL COMMUNICATIONS — Sep 23, 2005
CENTENNIAL COMMUNICATIONS CORP /DE (CIK 0000879573)
Date: Sept. 23, 2005 · CIK: 0000879573 · Accession: 0000000000-05-049268
AI Filing Summary & Sentiment
File numbers found in text: 000-19603
Letter
Mail Stop 3561 September 23, 2005 VIA U.S. MAIL AND FAX 732-556-2242 Mr. Thomas Fitzpatrick Chief Financial Officer Centennial Communications Corporation 3349 Route 138 Wall, NJ 07719
RE: Centennial Communications Corporation Form 10-K for the fiscal year ended May 31, 2005 Filed August 11, 2005 File No. 000-19603
Dear Mr. Fitzpatrick:
We have reviewed your filing and have the following comment. We have limited our review of your filing to those issues we have addressed in our comment. Where indicated, we think you should revise your documents in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. In our comment, we ask you to provide us with information so we may better understand your disclosure. After reviewing this information, we may or may not raise additional comments.
Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comment or on any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter.
Notes to Consolidated Financial Statements Note 15. Quarterly Information (unaudited), page F-43
1. We note your disclosure of "an error in the amount of deferred income taxes included in the calculation of the gain on disposal requiring the restatement of ... financial statements" for the quarter and the nine months ended February 28, 2005, which "reflects non-cash adjustments." Tell us in detail , and disclose, what your basis was for the allocation of deferred taxes to discontinued operations and the nature of the non-cash charges.
* * * *
As appropriate, please amend your Form 10-K and respond to these comments within 10 business days via EDGAR or tell us when you will provide us with a response. You may wish to provide us with marked copies of the amendment to expedite our review. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments.
We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes all information required under the Securities Exchange Act of 1934 and that they have provided all information investors require for an informed investment decision. Since the company and its management are in possession of all facts relating 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;
* 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.
In addition, please be advised that the Division of Enforcement has access to all information you provide to the staff of the Division of Corporation Finance in our review of your filings or in response to our comments on your filings.
You may contact Kathryn T. Jacobson, Staff Accountant, at (202) 551- 3365 or Kyle Moffatt, Accountant Branch Chief, at (202) 551-3836 if you have questions regarding these comments.
Sincerely,
Larry Spirgel
Assistant Director
Show Raw Text
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>
Mail Stop 3561
September 23, 2005
VIA U.S. MAIL AND FAX 732-556-2242
Mr. Thomas Fitzpatrick
Chief Financial Officer
Centennial Communications Corporation
3349 Route 138
Wall, NJ 07719
RE: Centennial Communications Corporation
Form 10-K for the fiscal year ended May 31, 2005
Filed August 11, 2005
File No. 000-19603
Dear Mr. Fitzpatrick:
We have reviewed your filing and have the following comment.
We have limited our review of your filing to those issues we have
addressed in our comment. Where indicated, we think you should
revise your documents in response to these comments. If you
disagree, we will consider your explanation as to why our comment
is
inapplicable or a revision is unnecessary. Please be as detailed
as
necessary in your explanation. In our comment, we ask you to
provide
us with information so we may better understand your disclosure.
After reviewing this information, we may or may not raise
additional
comments.
Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects. We welcome
any questions you may have about our comment or on any other
aspect
of our review. Feel free to call us at the telephone numbers
listed
at the end of this letter.
Notes to Consolidated Financial Statements
Note 15. Quarterly Information (unaudited), page F-43
1. We note your disclosure of "an error in the amount of deferred
income taxes included in the calculation of the gain on disposal
requiring the restatement of ... financial statements" for the
quarter and the nine months ended February 28, 2005, which
"reflects
non-cash adjustments." Tell us in detail , and disclose, what your
basis was for the allocation of deferred taxes to discontinued
operations and the nature of the non-cash charges.
* * * *
As appropriate, please amend your Form 10-K and respond to
these comments within 10 business days via EDGAR or tell us when
you
will provide us with a response. You may wish to provide us with
marked copies of the amendment to expedite our review. Please
furnish a cover letter with your amendment that keys your
responses
to our comments and provides any requested information. Detailed
cover letters greatly facilitate our review. Please understand
that
we may have additional comments after reviewing your amendment and
responses to our comments.
We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing to be certain that the
filing includes all information required under the Securities
Exchange Act of 1934 and that they have provided all information
investors require for an informed investment decision. Since the
company and its management are in possession of all facts relating
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;
* 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.
In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filings or
in
response to our comments on your filings.
You may contact Kathryn T. Jacobson, Staff Accountant, at (202)
551-
3365 or Kyle Moffatt, Accountant Branch Chief, at (202) 551-3836
if
you have questions regarding these comments.
Sincerely,
Larry Spirgel
Assistant Director
</TEXT>
</DOCUMENT>