SEC Comment Letter for PHYTOMEDICAL TECHNOLOGIES INC (CIK 0001002422) — Aug 29, 2005
PHYTOMEDICAL TECHNOLOGIES INC (CIK 0001002422)
Date: Aug. 29, 2005 · CIK: 0001002422 · Accession: 0000000000-05-044696
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File numbers found in text: 333-127650
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<DOCUMENT> <TYPE>LETTER <SEQUENCE>1 <FILENAME>filename1.txt <TEXT> Mail Stop 6010 August 29, 2005 Mr. Harmel S. Rayat Chief Executive Officer Phytomedical Technologies, Inc. 1628 West 1st Avenue, Suite 216 Vancouver, British Columbia V6J 1G1 Canada Re: Phytomedical Technologies, Inc. Registration Statement on Form SB-2 Filed August 18, 2005 File No. 333-127650 Dear Mr. Rayat: This is to advise you that we are not conducting a full review of the above registration statement. However, we will be reviewing the accounting disclosure in your Form 10-KSB for the period ended December 31, 2004. You will receive our accounting comments under separate cover. All comments will need to be fully resolved before we act on a request for acceleration of the effectiveness of the registration statement. Also, please note you are required to include the signature of the controller or principal accounting officer, and that individual`s signature should be captioned as such. See Instructions 1 and 2 to the Signatures section of Form SB-2. Please amend the Form SB-2 to include such a signature and caption. 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 Act of 1933 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. Notwithstanding our comments, in the event the company requests acceleration of the effective date of the pending registration statement, it should furnish a letter, at the time of such request, acknowledging that: * should the Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; * the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and * the company may not assert staff comments and the declaration of effectiveness 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 connection with our review of your filing or in response to our comments on your filing. We will consider a written request for acceleration of the effective date of the registration statement as confirmation of the fact that those requesting acceleration are aware of their respective responsibilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration statement. We will act on the request and, pursuant to delegated authority, grant acceleration of the effective date. We direct your attention to Rules 460 and 461 regarding requesting acceleration of a registration statement. Please allow adequate time after the filing of any amendment for further review before submitting a request for acceleration. Please provide this request at least two business days in advance of the requested effective date. Please contact Greg Belliston at (202) 551-3861 or me at (202) 551-3715 with any questions. Sincerely, Jeffrey P. Riedler Assistant Director cc: Joseph Sierchio, Esq. Sierchio Greco & Greco, LLP 720 Fifth Avenue New York, New York 10019 ?? ?? ?? ?? Mr. Harmel S. Rayat Phytomedical Technologies, Inc. August 29, 2005 Page 1 </TEXT> </DOCUMENT>