SEC Comment Letter for Worksport Ltd (WKSP) (CIK 0001096275) (WKSP) — Mar 5, 2013
Worksport Ltd (WKSP) (CIK 0001096275)
Date: March 5, 2013 · CIK: 0001096275 · Accession: 0000000000-13-011931
AI Filing Summary & Sentiment
Reasoning
Letter
March 5 , 2013 A.J. Boisdrenghien Chief Executive Officer and President Franchise Holdings International, Inc. 5910 South University Boulevard, C -18, Unit 165 Littleton, CO 80121
Re: Franchise Holdings International, Inc. Form 10-K for Fiscal Year Ended September 30, 2012 Filed December 28 , 2012 File No. 0-27631
Dear Mr. Boisdrenghien :
We have reviewed your filing and have the following comment s. In some of our comment s, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to this letter within ten business days by amending your filing, by providing the requested information, or by advising us when you will provide the requested response. If you do not believe our comment s apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your filing and the information you provid e in response to these comment s, we may have additional comments.
Item 9A. Controls and Procedures, page 11
1. Please revise to state your conclusion on your disclosure controls and procedures as of September 30, 2012. Refer to Item 307 of Regulation S -K.
Signatures, page 15
2. Please note that the report should also be signed by your principal executive officer, principal financial officer and principal accounting officer on your behalf and in his capacities as principal executive officer, p rincipal financial officer and principal accounting officer in the second signature block. Please revise. Refer to the signature section and General Instruction D(2) of Form 10 -K.
We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing include s the information the Securities Exchange Act of 1934 and all applicable Exchange Act rules require. Since the company and its management are
A.J. Boisdrenghien Franchise Holdings International, Inc. March 5 , 201 3 Page 2
in possession of all facts relating to a compan y’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made.
In responding to our comments, please provide a written statement from the company acknowledging that:
the company is responsible for the adequacy and accuracy of the disclosure in the filing;
staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and
the company may not assert staff comments as a defe nse in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
You may contact Tony Watson, Accountant, at (202) 551 -3318 if you have questions regarding our comments. Please contact me at (202) 55 1-3344 with any other questions.
Sincerely,
/s/ William H. Thompson
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March 5 , 2013 A.J. Boisdrenghien Chief Executive Officer and President Franchise Holdings International, Inc. 5910 South University Boulevard, C -18, Unit 165 Littleton, CO 80121 Re: Franchise Holdings International, Inc. Form 10-K for Fiscal Year Ended September 30, 2012 Filed December 28 , 2012 File No. 0-27631 Dear Mr. Boisdrenghien : We have reviewed your filing and have the following comment s. In some of our comment s, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter within ten business days by amending your filing, by providing the requested information, or by advising us when you will provide the requested response. If you do not believe our comment s apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your filing and the information you provid e in response to these comment s, we may have additional comments. Item 9A. Controls and Procedures, page 11 1. Please revise to state your conclusion on your disclosure controls and procedures as of September 30, 2012. Refer to Item 307 of Regulation S -K. Signatures, page 15 2. Please note that the report should also be signed by your principal executive officer, principal financial officer and principal accounting officer on your behalf and in his capacities as principal executive officer, p rincipal financial officer and principal accounting officer in the second signature block. Please revise. Refer to the signature section and General Instruction D(2) of Form 10 -K. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing include s the information the Securities Exchange Act of 1934 and all applicable Exchange Act rules require. Since the company and its management are A.J. Boisdrenghien Franchise Holdings International, Inc. March 5 , 201 3 Page 2 in possession of all facts relating to a compan y’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. In responding to our comments, please provide a written statement from the company acknowledging that: the company is responsible for the adequacy and accuracy of the disclosure in the filing; staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and the company may not assert staff comments as a defe nse in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. You may contact Tony Watson, Accountant, at (202) 551 -3318 if you have questions regarding our comments. Please contact me at (202) 55 1-3344 with any other questions. Sincerely, /s/ William H. Thompson William H. Thompson Accounting Branch Chief