SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-KA
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES ACTION OF 1934
April 14, 2000
(Date of report)
Commission File Number 02-69494
GLOBAL GOLD CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 13-30265550
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
734 FRANKLIN STREET, SUITE 393 GARDEN CITY, N.Y. 11530
(Principal Executive Offices) (Zip code)
Registrant's Telephone Number, Including Area Code: (516) 773-8975
NOT APPLICABLE
(Former Name of Former Address, if Changed Since Last Report)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANTS
304(a) (1)
Prior to April 13, 2000, the Registrant engaged as its principal accountant to
audit the Registrant's financial statements the firm of Marks Shron & Co., P.C..
On April 13, 2000, the Registrant's Board of Directors approved Feldman Sherb
Horowitz & Co., P.C. of 805 Third AVENUE, 21ST Floor, New York, New York, as the
Registrant's independent accountant. Feldman Sherb Horowitz & Co., was retained
for the purpose of performing an audit on the Registrant's year-end financial
statements and to perform reviews of interim financial information disclosed on
Forms 10-QSB (effective for fiscal quarters ending on or after March 15, 2000).
304(a) (i)
The Registrant's former accountant, Marks Shron & Co., LLP. Did not resign and
did not decline to stand for reelection. The management of the Registrant has
determined that a change of auditor is in the best interest of the Company, and
therefore, the former accountant simply was replaced as of April 13, 2000. This
decision to change accountants was recommended and approved by the Board of
Directors.
304(a) (ii)
Reports prepared by the Registrant's principal accountant on the Registrant's
financial statements for the period ending December 31, 1998, in addition to the
statement of operations, stockholders' equity and cash flow for the period
ending December 31, 1998, have not contained an adverse opinion or disclaimer of
opinion, nor were they qualified or modified as to uncertainty, audit scope, or
accounting principles, except as follows:
Mark Shrons' report dated March 26, 1999 on the Company's financial
statements for the year ended December 31, 1998 contained the following
paragraph:
"The accompanying financial statements have been prepared
assuming that the Company will continue as a going concern. As
discussed in Note 4 to the financial statements, management
must secure significant additional investor and/or lender
financing and ultimately must commence profitable operations.
These matters raise substantial doubt about the Company's
ability to continue as a going concern. The financial
statements do not include any adjustments that might result
from the outcome of these uncertainties."
304(a)(iv)
During fiscal year ended December 31, 1998 and the subsequent interim periods to
the date hereof, there were no disagreements between the Company and Marks Shron
on any accounting principles or practices, financial statement disclosures, or
auditing scope or procedure, which disagreements, if not resolved to the
satisfaction of Marks Shron would have caused it to make a reference to the
subject matter of the disagreements in connection with its reports.
<PAGE>
Item 304(a) (2)
On April 13, 2000, the Registrant engaged Feldman Sherb Horowitz & Co., P.C. as
its principal accountant to audit the Company's financial statements for the
year ending December 31, 1999 and to review the 10-QSB filings. During the
Company's most recent year and through April 13, 2000 the Company has not
consulted with Feldman Sherb Horowitz & Co. concerning 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 Company's financial
statements.
The Company has authorized Marks Shron to respond fully to any inquiries from
Feldman Sherb Horowitz & Co., P.C.
<PAGE>
ITEM NO. 7. EXHIBITS
(16) Letter on change in certifying accountant.
Pursuant to Item 301(a) (3) of Regulation S-B, the Company has provided its
former accountant with a copy of this Form 8-K and has requested its former
accountant to furnish a letter addressed to the Commission stating whether it
agrees with the statements made by the Company and, if not, stating the respects
in which it does not agree. Due to the unavailability of the requested letter at
the time of this filing, the letter shall be filed in compliance with the
requirements of Item 304(a) (3) upon receipt.
<PAGE>
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 hereunto duly authorized.
GLOBAL GOLD CORPORATION
BY: /S/ DRURY J. GALLAGHER
Drury J. Gallagher
Chief Executive Officer
April 13, 2000
MARKS PANETH & SHRON, LLP
111 Great Neck Road
Great Neck, NY 11021
Tel: 516 466-6550
April 13, 2000
Securities and Exchange Commission
Washington, D.C. 20549
RE: GLOBAL GOLD CORPORATION
Gentlemen:
We agree with the statements made by Global Gold Corporation in response to Item
4 of Form 8-KA filed by the Company during April 2000.
Very truly yours,
/S/ MARKS PANETH & SHRON, LLP
