SEC Company Response from iQSTEL Inc (IQST) (CIK 0001527702) (IQST) — Jan 31, 2017
iQSTEL Inc (IQST) (CIK 0001527702)
Date: Jan. 31, 2017 · CIK: 0001527702 · Accession: 0001078782-17-000132
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-176376
Referenced dates: January 17, 2017
Letter
Re:
SEC Response Letter
January 30, 2017
Mr. W John Cash
Accounting Branch Chief
Office of Manufacturing and Construction
PureSnax International, Inc
Form 10K for the Fiscal Year Ended June 30, 2016
Filed October 14, 2016
Form 10Q for the Fiscal Quarter Ended September 30, 2016
Filed November 21, 2016
File No. 333-176376
In response to your letter dated January 17, 2017 and my conversation with Mr. Dale Welcome, we wanted to address your comments.
With regards to the XBRL data exhibits for the 10Q –
The request has been completed and the interactive data exhibits have been filed.
With regards to the comments pertaining to the 10K -
An amendment to the 10K that would satisfactorily answer all your comments has already been completed and is ready to file.
However, our auditor is currently withholding consent to file the amended 10K over an overrun invoice. The invoice in question is in excess of $30,000 in addition to the $10,000 they were already paid in advance. We do not agree with these charges given that the auditor had 5 staff turnovers during the review period. The staff’s level of unfamiliarity with our account caused significant delays and duplication of work on our part and that of our accounting firm. We are currently contesting these charges.
We hope for a quick resolution to the situation, however we are prevented to file by the auditor until the issues with the disputed invoice has been resolved.
Yours truly,
/s/ Patrick Gosselin
Patrick Gosselin
Chief Executive Office
PureSnax International, Inc
1000 Woodbridge Center Drive, #213 Woodbridge, New Jersey, USA 07095
Telephone: 800.358.6780 | pat.gosselin@puresnaxworldwide.com | www.puresnaxworldwide.com
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CORRESP 1 filename1.htm SEC Response Letter January 30, 2017 Mr. W John Cash Accounting Branch Chief Office of Manufacturing and Construction Re: PureSnax International, Inc Form 10K for the Fiscal Year Ended June 30, 2016 Filed October 14, 2016 Form 10Q for the Fiscal Quarter Ended September 30, 2016 Filed November 21, 2016 File No. 333-176376 In response to your letter dated January 17, 2017 and my conversation with Mr. Dale Welcome, we wanted to address your comments. With regards to the XBRL data exhibits for the 10Q – The request has been completed and the interactive data exhibits have been filed. With regards to the comments pertaining to the 10K - An amendment to the 10K that would satisfactorily answer all your comments has already been completed and is ready to file. However, our auditor is currently withholding consent to file the amended 10K over an overrun invoice. The invoice in question is in excess of $30,000 in addition to the $10,000 they were already paid in advance. We do not agree with these charges given that the auditor had 5 staff turnovers during the review period. The staff’s level of unfamiliarity with our account caused significant delays and duplication of work on our part and that of our accounting firm. We are currently contesting these charges. We hope for a quick resolution to the situation, however we are prevented to file by the auditor until the issues with the disputed invoice has been resolved. Yours truly, /s/ Patrick Gosselin Patrick Gosselin Chief Executive Office PureSnax International, Inc 1000 Woodbridge Center Drive, #213 Woodbridge, New Jersey, USA 07095 Telephone: 800.358.6780 | pat.gosselin@puresnaxworldwide.com | www.puresnaxworldwide.com