SEC Comment Letter 0000000000-23-001577 to TOKEN COMMUNITIES LTD. (TKCM) (CIK 0001683252)
TOKEN COMMUNITIES LTD. (TKCM) (CIK 0001683252)
Date: Feb. 15, 2023 · CIK: 0001683252 · Accession: 0000000000-23-001577
AI Filing Summary & Sentiment
File numbers found in text: 000-55688
Letter
United States securities and exchange commission logo February 15, 2023 David Chen Chief Executive Officer Token Communities Ltd. 4802 Lena Road, Unit 105 Bradenton, Florida, 34211 Re:Token Communities Ltd. Form 10-K for the Year Ended June 30, 2022 Filed October 13, 2022 Form 8-K filed January 12, 2023 File No. 000-55688 Dear David Chen: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. In our comment, we ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 8-K filed January 12, 2023 Item 2.01 Completion of Acquisition or Disposition of Assets. , page 2 1.It appears that immediately before the transaction with Elements of Health and Wellness, Inc., you may have been a shell company as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended. Please amend your report to provide the information required by Item 2.01(f) of Form 8-K and the related financial information required by Item 9.01 of Form 8-K, or provide us with a detailed analysis of why this disclosure is not required. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameDavid Chen Comapany NameToken Communities Ltd. February 15, 2023 Page 2 FirstName LastName David Chen Token Communities Ltd. February 15, 2023 Page 2 You may contact Kathryn Jacobson, Senior Staff Accountant at (202) 551-3365 or Robert Littlepage, Accountant Branch Chief at (202) 551-3361 with any questions. Sincerely, Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
February 15, 2023
David Chen
Chief Executive Officer
Token Communities Ltd.
4802 Lena Road, Unit 105
Bradenton, Florida, 34211
Re:Token Communities Ltd.
Form 10-K for the Year Ended June 30, 2022
Filed October 13, 2022
Form 8-K filed January 12, 2023
File No. 000-55688
Dear David Chen:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment. In our comment, we ask you to provide us with
information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 8-K filed January 12, 2023
Item 2.01 Completion of Acquisition or Disposition of Assets. , page 2
1.It appears that immediately before the transaction with Elements of Health and Wellness,
Inc., you may have been a shell company as defined in Rule 12b-2 under the Securities
Exchange Act of 1934, as amended. Please amend your report to provide the information
required by Item 2.01(f) of Form 8-K and the related financial information required by
Item 9.01 of Form 8-K, or provide us with a detailed analysis of why this disclosure is not
required.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
FirstName LastNameDavid Chen
Comapany NameToken Communities Ltd.
February 15, 2023 Page 2
FirstName LastName
David Chen
Token Communities Ltd.
February 15, 2023
Page 2
You may contact Kathryn Jacobson, Senior Staff Accountant at (202) 551-3365 or
Robert Littlepage, Accountant Branch Chief at (202) 551-3361 with any questions.
Sincerely,
Division of Corporation Finance
Office of Technology