SEC Comment Letter for BTCS Inc. (BTCS) (CIK 0001436229) (BTCS) — Sep 19, 2011
BTCS Inc. (BTCS) (CIK 0001436229)
Date: Sept. 19, 2011 · CIK: 0001436229 · Accession: 0000000000-11-055623
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-151252
Referenced dates: July 21, 2011
Letter
September 19, 2011 Via E-mail Andrew Brabin Chief Financial Officer TouchIT Technologies, Inc. 12 Sirdar Road Rayleigh, Essex UK, SS6 7XF Re: TouchIT Technologies, Inc. Form 10-K for the Fiscal Year Ended December 31, 2010 Filed March 31, 2011 File No. 333-151252
Dear Mr. Brabin: We have reviewed your letter dated July 21, 2011 and your amended Form 10-K filed September 7, 2011 in connection with the above-r eferenced filing and we have the following comment. In our comment, we may ask you to pr ovide 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 advi sing us when you will provide the requested response. If you do not believe our comment applies to your fact s and circumstances or do not believe an amendment is appropriate, pl ease tell us why in your response.
After reviewing any amendment to your filing and the information you provide in response to this comment, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2010
Independent Auditors Report, pages F-1 and F-21
1. We note that the audit opinions indicate that the financial statements give a “true and fair view” of the financial position of the company. Pleas e confirm if the re ference to a “true and fair view” has the same meaning as “p resents fairly” and revise the opinions to replace this language so that the opinion pa ragraph follows the wording requirements of PCAOB Standards. Please refer to Secti on III.D of our November 1, 2004 International Reporting and Disclosure Issues , which can be located at http://www.sec.gov/divisions/corpf in/internatl/cfirdissues1104.htm .
Andrew Brabin TouchIT Technologies, Inc. September 19, 2011 Page 2
You may contact Melissa Feid er at (202) 551-3379 if you have questions regarding comments on the financial statements and relate d matters. Please contact me at (202) 551-3499 with any other questions. Sincerely, /s/ Kathleen Collins Kathleen Collins Accounting Branch Chief
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September 19, 2011 Via E-mail Andrew Brabin Chief Financial Officer TouchIT Technologies, Inc. 12 Sirdar Road Rayleigh, Essex UK, SS6 7XF Re: TouchIT Technologies, Inc. Form 10-K for the Fiscal Year Ended December 31, 2010 Filed March 31, 2011 File No. 333-151252 Dear Mr. Brabin: We have reviewed your letter dated July 21, 2011 and your amended Form 10-K filed September 7, 2011 in connection with the above-r eferenced filing and we have the following comment. In our comment, we may ask you to pr ovide 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 advi sing us when you will provide the requested response. If you do not believe our comment applies to your fact s and circumstances or do not believe an amendment is appropriate, pl ease tell us why in your response. After reviewing any amendment to your filing and the information you provide in response to this comment, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2010 Independent Auditors Report, pages F-1 and F-21 1. We note that the audit opinions indicate that the financial statements give a “true and fair view” of the financial position of the company. Pleas e confirm if the re ference to a “true and fair view” has the same meaning as “p resents fairly” and revise the opinions to replace this language so that the opinion pa ragraph follows the wording requirements of PCAOB Standards. Please refer to Secti on III.D of our November 1, 2004 International Reporting and Disclosure Issues , which can be located at http://www.sec.gov/divisions/corpf in/internatl/cfirdissues1104.htm . Andrew Brabin TouchIT Technologies, Inc. September 19, 2011 Page 2 You may contact Melissa Feid er at (202) 551-3379 if you have questions regarding comments on the financial statements and relate d matters. Please contact me at (202) 551-3499 with any other questions. Sincerely, /s/ Kathleen Collins Kathleen Collins Accounting Branch Chief