SEC Comment Letter for First National Power Corp. (CIK 0001142129) — Jul 12, 2005
First National Power Corp. (CIK 0001142129)
Date: July 12, 2005 · CIK: 0001142129 · Accession: 0000000000-05-035446
AI Filing Summary & Sentiment
File numbers found in text: 333-62588
Referenced dates: June 20, 2005, May 25, 2005
Letter
Mail Stop 3561 July 12, 2005 Peter Wanner Chief Financial Officer First National Power Corporation #219-227 Bellevue Way NE Bellevue, WA 98004
RE: First National Power Corporation File No. 333-62588 Form 10-KSB for the year ended December 31, 2004
Dear Mr. Wanner:
We reviewed your responses to our prior comments on the above referenced filing as set forth in your letter dated June 20, 2005. Our review resulted in the following accounting comments.
Form 10-K for the Year Ended December 31, 2004 ```````````````````````````````````````````````` 1. We note your response to comment two of our letter dated May 25, 2005. Explain in detail why Mr. Mills resigned from the company. In addition, show us your disclosure to be included in your amended Form 10-KSB describing the transition from Capstone International, Inc. to First National Power.
2. We note your response to comment seven of our letter dated May 25, 2005. Explain to us if Mr. Mills received equity in the company upon forgiveness of the loans. We may have further comment.
As appropriate, please respond to these comments within 10 business days or tell us when you will provide us with a response. Please provide us with a response letter that keys your response to our comment and provides any requested supplemental information. Please file your response letter on EDGAR as a correspondence file.
If you have any questions regarding these comments, please direct them to Robert Babula, Staff Accountant, at (202) 551-3339 or, in his absence, to the undersigned at (202) 551-3841. Any other questions regarding disclosures issues may be directed to H. Christopher Owings, Assistant Director at (202) 551-3725.
Sincerely,
Michael Moran, Esq.
Branch Chief
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<DOCUMENT> <TYPE>LETTER <SEQUENCE>1 <FILENAME>filename1.txt <TEXT> Mail Stop 3561 July 12, 2005 Peter Wanner Chief Financial Officer First National Power Corporation #219-227 Bellevue Way NE Bellevue, WA 98004 RE: First National Power Corporation File No. 333-62588 Form 10-KSB for the year ended December 31, 2004 Dear Mr. Wanner: We reviewed your responses to our prior comments on the above referenced filing as set forth in your letter dated June 20, 2005. Our review resulted in the following accounting comments. Form 10-K for the Year Ended December 31, 2004 ```````````````````````````````````````````````` 1. We note your response to comment two of our letter dated May 25, 2005. Explain in detail why Mr. Mills resigned from the company. In addition, show us your disclosure to be included in your amended Form 10-KSB describing the transition from Capstone International, Inc. to First National Power. 2. We note your response to comment seven of our letter dated May 25, 2005. Explain to us if Mr. Mills received equity in the company upon forgiveness of the loans. We may have further comment. As appropriate, please respond to these comments within 10 business days or tell us when you will provide us with a response. Please provide us with a response letter that keys your response to our comment and provides any requested supplemental information. Please file your response letter on EDGAR as a correspondence file. If you have any questions regarding these comments, please direct them to Robert Babula, Staff Accountant, at (202) 551-3339 or, in his absence, to the undersigned at (202) 551-3841. Any other questions regarding disclosures issues may be directed to H. Christopher Owings, Assistant Director at (202) 551-3725. Sincerely, Michael Moran, Esq. Branch Chief ?? ?? ?? ?? Mr. Peter Wanner First National Power Corporation July 12, 2005 Page 2 </TEXT> </DOCUMENT>