SEC Company Response from Freedom Holding Corp. (FRHC) (CIK 0000924805) (FRHC) — Nov 12, 2009
Freedom Holding Corp. (FRHC) (CIK 0000924805)
Date: Nov. 12, 2009 · CIK: 0000924805 · Accession: 0001038838-09-000365
AI Filing Summary & Sentiment
Referenced dates: November 10, 2009
Letter
United States Securities and Exchange Commission Division of Corporate Finance Re: BMB Munai, Inc. Form 10-K, Amended October 23, 2009 File No.: 1-33034
Dear Mr. White:
At the request of the management of BMB Munai, Inc., (the “Company” or “BMB Munai”) we are responding to comments raised by the staff at the Securities and Exchange Commission in your letter dated November 10, 2009. Following are the Company’s responses to your comments.
Form 10-K, Amendment No. 1, Filed October 23, 2009
Financial Statements
1.
Amend your filing to include a report from your independent registered public accounting firm that references the restatements to your financial statements and that includes an updated report date with regard to the restatements. We refer you to the requirements of AS 6, paragraph 9 and AU 508 paragraphs 11.d and 18A through 18C.
On November 12, 2009, the Company filed with the Commission a Second Amendment to its Annual Report of Form 10-K/A (the “Second Amendment”). Included on page F-1 of the Second Amendment is a revised report from the Company’s independent registered public accounting firm that references the restatements to the Company’s financial statements and that includes an updated report date with regard to the restatements.
POULTON & YORDAN
TELEPHONE: 801-355-1341
324 SOUTH 400 WEST, SUITE 250
FAX: 801-355-2990
SALT LAKE CITY, UTAH 84101
POST@POULTON-YORDAN.COM
Mr. Chris White
November 11, 2009
Page 2
Note 13 – Income Taxes, page F-30
2.
Amend your filing to include the word “restated” underneath the dates in applicable columns of all restated chares in your income tax footnote.
The Company has included the word “restated” underneath the dates in the applicable columns of all restated charts in Note 13 Income Taxesof the Notes to the Consolidated Financial Statements. See pages
F-30 - F-32.
Thank you for your assistance in this matter. If you have any questions or require additional information, please contact me directly.
Very truly yours,
POULTON & YORDAN
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POULTON & YORDAN
ATTORNEYS AT LAW
RICHARD T. LUDLOW
November 11, 2009
Chris White
Branch Chief
United States Securities and Exchange Commission
Division of Corporate Finance
Washington, D.C. 20549
Re:
BMB Munai, Inc.
Form 10-K, Amended October 23, 2009
File No.: 1-33034
Dear Mr. White:
At the request of the management of BMB Munai, Inc., (the “Company” or “BMB Munai”) we are responding to comments raised by the staff at the Securities and Exchange Commission in your letter dated November 10, 2009. Following are the Company’s responses to your comments.
Form 10-K, Amendment No. 1, Filed October 23, 2009
Financial Statements
1.
Amend your filing to include a report from your independent registered public accounting firm that references the restatements to your financial statements and that includes an updated report date with regard to the restatements. We refer you to the requirements of AS 6, paragraph 9 and AU 508 paragraphs 11.d and 18A through 18C.
On November 12, 2009, the Company filed with the Commission a Second Amendment to its Annual Report of Form 10-K/A (the “Second Amendment”). Included on page F-1 of the Second Amendment is a revised report from the Company’s independent registered public accounting firm that references the restatements to the Company’s financial statements and that includes
an updated report date with regard to the restatements.
POULTON & YORDAN
TELEPHONE: 801-355-1341
324 SOUTH 400 WEST, SUITE 250
FAX: 801-355-2990
SALT LAKE CITY, UTAH 84101
POST@POULTON-YORDAN.COM
Mr. Chris White
November 11, 2009
Page 2
Note 13 – Income Taxes, page F-30
2.
Amend your filing to include the word “restated” underneath the dates in applicable columns of all restated chares in your income tax footnote.
The Company has included the word “restated” underneath the dates in the applicable columns of all restated charts in Note 13 Income Taxesof the Notes to the Consolidated Financial Statements. See pages
F-30 - F-32.
Thank you for your assistance in this matter. If you have any questions or require additional information, please contact me directly.
Very truly yours,
POULTON & YORDAN
/s/ Richard T. Ludlow
Richard T. Ludlow
Attorney at Law