UNITED STATES
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): February 8, 2000
onlinetradinginc.com corp.
(Exact name of registrant as specified in its charter)
Florida 333-75119 65-0607814
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) file number) Identification No.)
2700 North Military Trail, Suite 200
Boca Raton, Florida 33431
(Address of principal executive offices)
(561) 995-1010
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On February 8, 2000, onlinetradinginc.com corp., (the "Company"), dismissed the
accounting firm of Ahearn, Jasco + Company, P.A. as the Company's independent
auditor. Ahearn, Jasco + Company, P.A. reported on the Company's statements of
financial condition as of January 31, 1999 and 1998, and the related statements
of operations, stockholders' equity and cash flows for the years ended January
31, 1999 and 1998. Ahearn Jasco + Company, P.A.'s reports did not contain any
adverse opinion or disclaimer of opinion, and was not qualified or modified as
to uncertainty, audit scope, or accounting principles. Furthermore, during the
above mentioned periods and the interim periods ended October 31, 1999 and
through the date of this filing, the Company had no disagreements with Ahearn,
Jasco + Company, P.A. on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure or any reportable
event.
The Company has provided the above disclosure to Ahearn, Jasco + Company, P.A.,
and has requested that they furnish the Company with a letter addressed to the
Securities and Exchange Commission (the "Commission") stating whether they agree
with the above statements. A copy of Ahearn, Jasco + Company P.A.'s letter in
response to this request is attached as an exhibit to this report.
On February 8, 2000, the Company retained the accounting firm of Arthur Andersen
LLP as its new independent auditor to audit the Company's financial statements
for the fiscal year ending January 31, 2000. Neither during the period ended
October 31, 1999 and through the date of this filing, nor during the Company's
three most recent fiscal years, did the Company consult with Arthur Andersen LLP
regarding either the application of accounting principles to a specified
transaction, either completed or proposed, or the type of audit opinion that
might be rendered on the financial statements of the Company. The Company has
provided Arthur Andersen LLP with a copy of this report prior to its filing with
the Commission, and Arthur Andersen LLP agrees with the comments contained
herein.
The above changes were approved by the Company's board of directors on February
8, 2000.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
16.1 Letter from Ahearn, Jasco + Company, P.A., dated February
9, 2000, to the Securities and Exchange Commission.
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.
onlinetradinginc.com corp.
February 11, 2000 By: /s/ Anthony M. Palermo
- ------------------------------- -------------------------------------------
Date Anthony M. Palermo, Chief Financial Officer
Exhibit 16.1
Securities and Exchange Commission
Washington, DC 20549
Gentlemen:
We were previously the certifying accountants for onlinetradinginc.com corp. and
on March 2, 1999 (March 25, 1999 as to Note 9) we reported on the consolidated
financial statements of onlinetradinginc.com corp. as of and for the years ended
January 31, 1999 and 1998. On February 8, 2000, we were dismissed as the
certifying accountants of onlinetradinginc.com corp. We have read the statements
included in the first two paragraphs of Item 4 of its Form 8-K for February 8,
2000, and we agree with such statements; we have no basis to comment on the
remaining information in the Form 8-K.
/s/ Ahearn, Jasco + Company, P.A.
---------------------------------
AHEARN, JASCO + COMPANY, P.A.
Certified Public Accountants
Pompano Beach, Florida
February 9, 2000
