SEC Comment Letter for ALCHEMY ENTERPRISES, LTD. (CIK 0001301206) — Nov 18, 2005
ALCHEMY ENTERPRISES, LTD. (CIK 0001301206)
Date: Nov. 18, 2005 · CIK: 0001301206 · Accession: 0000000000-05-058489
AI Filing Summary & Sentiment
Letter
Mail Stop 3561 November 3, 2005 Mr. Harold W. Sciotto, President Alchemy Enterprises, Inc. 3812 N. Gallatin Mesa, Arizona 85215
Re: Alchemy Enterprises, Ltd. Amendment No. 4 to Form 10-SB Filed September 26, 2005 File No. 0-50983
Dear Mr. Sciotto:
We have reviewed your amended filing and have the following comments. Where indicated, we think you should revise your document in response to these comments.
Form 10-QSB for the Six Months Ended June 30, 2005 1. We note the disclosure that your disclosure controls and procedures are ineffective. Disclose the nature of the material weaknesses identified that resulted in ineffective controls and procedures. Disclose when the material weakness was identified, by whom it was identified and when the material weakness first began. In this regard, also revise to disclose the specific steps that the company has taken, if any, to remediate the material weakness and disclose whether the company believes that the material weakness still exists at the end of the period covered by the report.
Closing Comments
As appropriate, please amend your registration statement in response to these comments. You may wish to provide us with marked copies of the amendment to expedite our review. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested supplemental information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments.
Questions on accounting issues should be directed to Raj Rajan at (202) 551-3388. Questions on disclosure issues may be directed to William A. Bennett at (202) 551-3389.
Sincerely,
John Reynolds
Assistant Director
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<TEXT>
Mail Stop 3561
November 3, 2005
Mr. Harold W. Sciotto, President
Alchemy Enterprises, Inc.
3812 N. Gallatin
Mesa, Arizona 85215
Re: Alchemy Enterprises, Ltd.
Amendment No. 4 to Form 10-SB
Filed September 26, 2005
File No. 0-50983
Dear Mr. Sciotto:
We have reviewed your amended filing and have the following
comments. Where indicated, we think you should revise your
document
in response to these comments.
Form 10-QSB for the Six Months Ended June 30, 2005
1. We note the disclosure that your disclosure controls and
procedures are ineffective. Disclose the nature of the material
weaknesses identified that resulted in ineffective controls and
procedures. Disclose when the material weakness was identified,
by
whom it was identified and when the material weakness first began.
In this regard, also revise to disclose the specific steps that
the
company has taken, if any, to remediate the material weakness and
disclose whether the company believes that the material weakness
still exists at the end of the period covered by the report.
Closing Comments
As appropriate, please amend your registration statement in
response to these comments. You may wish to provide us with
marked
copies of the amendment to expedite our review. Please furnish a
cover letter with your amendment that keys your responses to our
comments and provides any requested supplemental information.
Detailed cover letters greatly facilitate our review. Please
understand that we may have additional comments after reviewing
your
amendment and responses to our comments.
Questions on accounting issues should be directed to Raj
Rajan
at (202) 551-3388. Questions on disclosure issues may be directed
to
William A. Bennett at (202) 551-3389.
Sincerely,
John Reynolds
Assistant Director
cc: Harold W. Sciotto, President
Fax: (509) 448-2248
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Mr. Harold W. Sciotto, President
Alchemy Enterprises, Inc.
November 3, 2005
P. 1
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