SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or
15(d) of The Securities Act of 1934
Date of Report (Date of earliest event reported):
August 20, 1999 (August 20, 1999)
EQUITEX, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-12374 84-0905189
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(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
7315 East Peakview Avenue
Englewood, Colorado 80111
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: (303) 796-8940
(Former name or former address, if changed since last report.)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a) On August 20, 1999, Equitex, Inc. (the "Registrant") dismissed Davis &
Co., CPA's, P.C. as its independent certified public accountant. There have been
no adverse opinions, disclaimers of opinion or qualifications or modifications
as to uncertainty, audit scope or accounting principles regarding the reports of
Davis & Co., CPA's, P.C. on the Registrant's financial statements for each of
the fiscal years ended December 31, 1998 and 1997, or any subsequent interim
period. The Audit Committee of the Registrant's Board of Directors approved the
change of accountants and that action was ratified by the Board of Directors of
the Registrant. There were no disagreements with Davis & Co., CPA's, P.C. on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedures leading to their dismissal.
There were no reportable events, in each case, during either of the
Registrant's two most recent fiscal years or any subsequent interim period.
(b) Simultaneously with the dismissal of its former accountants, the
Registrant approved and engaged Gelfond Hochstadt Pangburn, P.C. to act as its
independent certified public accountant as successor to Davis & Co., CPA's, P.C.
During the Registrant's two most recent fiscal years or subsequent interim
periods the Registrant has not consulted Gelfond Hochstadt Pangburn, P.C.
regarding 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 Registrant's financial statements, or any matter that was the
subject of a disagreement or a reportable event.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) EXHIBITS
16.1 Letter from Davis & Co., CPA's, P.C. dated August 20, 1999,
addressed to the Securities and Exchange Commission.
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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 hereunto duly authorized.
EQUITEX, INC.
Date: August 20, 1999 By: /s/ Thomas B. Olson
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Thomas B. Olson, Secretary
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[Letterhead - Davis & Co., CPA's, P.C.]
August 20, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Equitex, Inc.
SEC File No.: 0-12374
Ladies and Gentlemen:
Relative to the change in auditors, we have read the statements made by Equitex,
Inc. We understand that these statements are being filed with the Commission,
pursuant to Item 4 of the Company's Form 8-K report dated August 20, 1999. We
agree with the statements concerning our firm in such Form 8-K.
Sincerely,
DAVIS & CO., CPA's, P.C.
/s/ Carol A. Davis
Carol A. Davis
Certified Public Accountant
cc: Equitex, Inc. - Henry Fong
