Each one in plain English, with the numbers worked through for a shareholder.
1 Mar 2002asset acquisition disposition▼ BadMajor
The electric car subsidiary, California Electric Automobile Company, gave three electric cars to EFM Venture Group on February 15, 2002 and received a full release from EFM's $12,700 of promissory notes plus $1,250. The filing also says the subsidiary closed its Temecula, California premises because it did not earn enough to meet its obligations, and the company is now seeking a reverse merger or acquisition, with no assurance one will be found.
A second amendment to the auditor-change filing. It restores the July 31, 2001 resolution date, says Weinberg was told on August 3, 2001, extends the no-disagreements period to August 3, 2001, and attaches Weinberg's letter dated August 31, 2001. The switch to Moore Stephens is unchanged.
An amended version of the August 2001 auditor-change filing. It changes the board resolution date to July 24, 2001 (the original said July 31), extends the no-disagreements period to July 30, 2001, and attaches Weinberg & Company's letter to the SEC. The change to Moore Stephens is unchanged.
The company, then called American Electric Automobile Company, said its board chose not to renew Weinberg & Company as auditor and hired Moore Stephens, P.C. on August 3, 2001. The filing says the prior audit reports had no adverse opinion and there were no disagreements with Weinberg; it was still waiting on Weinberg's letter to the SEC.