SEC Comment Letter for Golden Matrix Group, Inc. (GMGI) (CIK 0001437925) (MRDN) — Oct 20, 2014
Golden Matrix Group, Inc. (GMGI) (CIK 0001437925)
Date: Oct. 20, 2014 · CIK: 0001437925 · Accession: 0000000000-14-052173
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 000-54840
Letter
October 20, 2014 Via E-mail Eddie Aruda President Source Gold Corp. 200 S. Virginia Street 8th Floor Reno, NV 89501
Re: Source Gold Corp. Form 8 -K Filed October 16, 2014 File No. 000-54840
Dear Mr. Aruda :
We have reviewed your filing an d 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 this letter within five busines s days by amending your filing or by advising us when you will provide the requested response. If you do not believe our comments apply to your facts and circumstances or do not belie ve an amendment is appropriate, please tell us why in your respo nse.
After reviewing any amendment to your filing and the information you provide in response to these comments, we may have additional comments.
Form 8 -K filed October 16, 2014
1. We note that your disclosures represent s that you have not had any disagreements with your former auditor through the two most recent fiscal years ended July 31, 2013. Please revise to disclose whether you have had any disagreements through the most recent reporting period that has elapsed prior to their dismissal. We understand that you dismissed your former auditor on October 16, 2014 and as a result, your most recent interim period would be the fiscal year ended July 31 , 2014.
Eddie Aruda Source Gold Corp. October 20, 2014 Page 2
2. We remind you to file a letter from your former accountant as an exhibit to the revised Form 8 -K within ten business days after the initial filing of the Form 8 -K, which addresses the Commission stating whether it agr ees with the statements made by you in response to the disclosures required by Item 304(a) of Regulati on S-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 includes the information the Securities Exchange Act of 1934 and all applicable Exchange Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of t he 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 defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
If you have questions regarding these comments and related matters , please contact me at 202-551-3796 .
Sincerely,
/s/ Myra Moosariparambil
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October 20, 2014 Via E-mail Eddie Aruda President Source Gold Corp. 200 S. Virginia Street 8th Floor Reno, NV 89501 Re: Source Gold Corp. Form 8 -K Filed October 16, 2014 File No. 000-54840 Dear Mr. Aruda : We have reviewed your filing an d 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 this letter within five busines s days by amending your filing or by advising us when you will provide the requested response. If you do not believe our comments apply to your facts and circumstances or do not belie ve an amendment is appropriate, please tell us why in your respo nse. After reviewing any amendment to your filing and the information you provide in response to these comments, we may have additional comments. Form 8 -K filed October 16, 2014 1. We note that your disclosures represent s that you have not had any disagreements with your former auditor through the two most recent fiscal years ended July 31, 2013. Please revise to disclose whether you have had any disagreements through the most recent reporting period that has elapsed prior to their dismissal. We understand that you dismissed your former auditor on October 16, 2014 and as a result, your most recent interim period would be the fiscal year ended July 31 , 2014. Eddie Aruda Source Gold Corp. October 20, 2014 Page 2 2. We remind you to file a letter from your former accountant as an exhibit to the revised Form 8 -K within ten business days after the initial filing of the Form 8 -K, which addresses the Commission stating whether it agr ees with the statements made by you in response to the disclosures required by Item 304(a) of Regulati on S-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 includes the information the Securities Exchange Act of 1934 and all applicable Exchange Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of t he 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 defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. If you have questions regarding these comments and related matters , please contact me at 202-551-3796 . Sincerely, /s/ Myra Moosariparambil Myra Moosariparambil Staff Accountant