SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 9, 2000
Commission File Number: 0-7914
BASIC EARTH SCIENCE SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 84-0592823
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
8547 E. Arapahoe Rd. #J-464
Greenwood Village, Colorado 80112-1436
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(Address of principal executive offices) (Zip Code)
(303) 773-8000
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(Registrant telephone including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or such shorter period the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days.
Yes ( X ) No ( )
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practical date.
Common Stock: 16,530,487
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CONTENTS
Item 4. Changes in Registrant's Certifying Accountant
Pursuant to Item 304 of Regulation S-K, Basic Earth Science Systems, Inc. (the
Company or Registrant) makes the following representations:
(i) On May 9, 2000, BDO Seidman, LLP resigned as the Registrant's independent
public accountant and auditor for the fiscal year end March 31, 2000.
(ii) The Registrant's consolidated financial statements audited by BDO Seidman,
LLP for the fiscal years ended March 31, 1998 and March 31, 1999 contained
an opinion each year that raised substantial doubt about the Registrant's
ability to continue as a going concern. The opinions for these two years
were not qualified or modified as to audit scope or accounting principle.
(iii) The appointment of the new certifying accountant was recommended by the
audit committee and approved by the Company's Board of Directors.
(iv) During the period commencing with the fiscal year ended March 31, 1997 and
up to and including May 9, 2000, the effective date of the resignation,
there were no disagreements with BDO Seidman, LLP on any matter of
accounting principle or practice, financial statement disclosure, or
auditing scope or procedure.
(v) Effective May 17, 2000, the Registrant has engaged Hein + Associates LLP,
whose business address is 717 17th Street, Suite 1600, Denver, Colorado
80202, as the Company's new certifying independent public accountant for
the year end March 31, 2000.
(vi) The Registrant did not consult with Hein + Associates LLP with regard to
any matter concerning the application of accounting principles to any
specific transactions, either completed or proposed, or the type of audit
opinion that might be rendered with respect to the Company's financial
statements prior to engaging the firm.
The Company has requested that BDO Seidman review the disclosure in this Report
and furnish the Registrant with a letter addressed to the Securities and
Exchange Commission containing any new information, clarification of the
Company's expression of its views, or the respect in which it does not agree
with the statements made by the Company herein. Such letter is filed as Exhibit
1 to this Report.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired.
None.
(b) Pro forma Financial Information.
None.
(c) Exhibits.
Exhibit No. Document
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16 Letter Re: Change in Certifying Accountant
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BASIC EARTH SCIENCE SYSTEMS, INC.
Date: May 11, 2000 By: /s/ Ray Singleton
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Ray Singleton, President
Exhibit No. 16:
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May 11, 2000
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Basic Earth Science Systems, Inc.
Commission File Number: 0-7914
Gentlemen:
We have been furnished with a copy of the response to Item 4 of Form 8-K for the
event that occurred on May 9, 2000 to be filed by our former client, Basic Earth
Science Systems, Inc. We agree with the statements made in response to that Item
insofar as they relate to our firm.
Very truly yours,
/s/ BDO Seidman, LLP
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BDO Seidman, LLP
