SEC Comment Letter for Worksport Ltd (WKSP) (CIK 0001096275) (WKSP) — Jan 18, 2017
Worksport Ltd (WKSP) (CIK 0001096275)
Date: Jan. 18, 2017 · CIK: 0001096275 · Accession: 0000000000-17-001817
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 000-27631
Letter
Mail Stop 3561 January 1 8, 2017 Steven Rossi Chief Executive Officer Franchise Holdings International, Inc. 3120 Rutherford Road , Suite 414 Vaughn, Ontario, Canada L4K 0B2
Re: Franchise Holdings International, Inc. Item 4.02 Form 8 -K Filed January 17, 2017 File No. 000-27631
Dear Mr. Rossi :
We have reviewed your filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to these comments within five business days by providing the requested information or advise us as soon as possible when you will re spond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Item 4.02 Non -Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
1. Please amend your filing in its en tirety to clarify if your board of directors, a committee of the board of directors or the officer or officers authorized to take such action if boa rd action is not required, concluded on January 12, 2017 , that the financial statements in the Filings (as that term is defined in your Item 4.02 Form 8 -K filing) should no longer be relied upon . Also, disclose whether the audit committee , or the board of directors in the absence of an audit committee , or authorized officer or officers, discussed the matters disclosed in this filing with your independent accountants. Refe rence is made to Item 4.02(a)(3) of the Form 8-K.
Steven Rossi Franchise Holdings International, Inc. January 1 8, 2017 Page 2
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
You may contact me at (202) 551 -3328, if you have questions reg arding the above matters.
Sincerely,
/s/ Beverly A. Singleton
Show Raw Text
Mail Stop 3561 January 1 8, 2017 Steven Rossi Chief Executive Officer Franchise Holdings International, Inc. 3120 Rutherford Road , Suite 414 Vaughn, Ontario, Canada L4K 0B2 Re: Franchise Holdings International, Inc. Item 4.02 Form 8 -K Filed January 17, 2017 File No. 000-27631 Dear Mr. Rossi : We have reviewed your filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within five business days by providing the requested information or advise us as soon as possible when you will re spond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Item 4.02 Non -Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review 1. Please amend your filing in its en tirety to clarify if your board of directors, a committee of the board of directors or the officer or officers authorized to take such action if boa rd action is not required, concluded on January 12, 2017 , that the financial statements in the Filings (as that term is defined in your Item 4.02 Form 8 -K filing) should no longer be relied upon . Also, disclose whether the audit committee , or the board of directors in the absence of an audit committee , or authorized officer or officers, discussed the matters disclosed in this filing with your independent accountants. Refe rence is made to Item 4.02(a)(3) of the Form 8-K. Steven Rossi Franchise Holdings International, Inc. January 1 8, 2017 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact me at (202) 551 -3328, if you have questions reg arding the above matters. Sincerely, /s/ Beverly A. Singleton Beverly A. Singleton Staff Accountant Office of Tra nsportation and Leisure