SEC Comment Letter for Skkynet Cloud Systems, Inc. (SKKY) (CIK 0001546853) (SKKY) — Jul 10, 2012
Skkynet Cloud Systems, Inc. (SKKY) (CIK 0001546853)
Date: July 10, 2012 · CIK: 0001546853 · Accession: 0000000000-12-035864
AI Filing Summary & Sentiment
Letter
July 10, 2012 Via E -mail Andrew S. Thomas Chief Executive Officer Skkynet Cloud Systems, Inc. 20 Bay Street – Suite 1100 Toronto, Ontario Canada M5J 2N8
Re: Skkynet Cloud Systems, Inc. Amendment No. 1 to Registration Statement on Form S -1 Filed June 27, 2012 File No. 333 -180951
Dear Mr. Thomas :
Our preliminary review of your registration statement indicates that it fails in numerous material respects to comply with the requirements of the Securities Act of 1933, the rules and regulations under that Act, and the requirements of the form. Specific ally, we are unable to complete a review of the registration statement due to the absence of current financial statements. Please amend your registration statement to include the appropriate financial statements as required by Rule 8 -08 of Regulation S -X and revise your disclosure as necessary. For this reason, we will not perform a detailed examination of the registration statement, and we will not issue any comments because to do so would delay the review of other disclosure documents that do not appear to contain comparable deficiencies.
If you were to request acceleration of the effective date of the registration statement in its present form, we would likely recommend that the Commission deny your request. We suggest that you consider filing a subst antive amendment to correct the deficiencies.
Sincerely,
/s/ Barbara C. Jacobs
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July 10, 2012 Via E -mail Andrew S. Thomas Chief Executive Officer Skkynet Cloud Systems, Inc. 20 Bay Street – Suite 1100 Toronto, Ontario Canada M5J 2N8 Re: Skkynet Cloud Systems, Inc. Amendment No. 1 to Registration Statement on Form S -1 Filed June 27, 2012 File No. 333 -180951 Dear Mr. Thomas : Our preliminary review of your registration statement indicates that it fails in numerous material respects to comply with the requirements of the Securities Act of 1933, the rules and regulations under that Act, and the requirements of the form. Specific ally, we are unable to complete a review of the registration statement due to the absence of current financial statements. Please amend your registration statement to include the appropriate financial statements as required by Rule 8 -08 of Regulation S -X and revise your disclosure as necessary. For this reason, we will not perform a detailed examination of the registration statement, and we will not issue any comments because to do so would delay the review of other disclosure documents that do not appear to contain comparable deficiencies. If you were to request acceleration of the effective date of the registration statement in its present form, we would likely recommend that the Commission deny your request. We suggest that you consider filing a subst antive amendment to correct the deficiencies. Sincerely, /s/ Barbara C. Jacobs Barbara C. Jacobs Assistant Director cc: Via E -mail Sol V. Slotnik