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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 4, 1999
ROCKIES FUND, INC.
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(Exact name of registrant as specified in its charter)
Nevada 0-12444 84-0928022
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(State or other jurisdiction (Commission file number) (IRS Employer
incorporation or organization) Identification No.)
5373 Union Boulevard, Suite 100, Colorado Springs, Colorado 80918
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (719) 590-4900
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(Former name or former address, if changed since last report)
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ITEM 4: CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
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(a) On February 4, 1999, the client-auditor relationship between the
Company and its principal accountants, Gelfond Hochstadt Pangburn & Co.,
ceased. The dismissal of Gelfond Hochstadt Pangburn & Co. was effective
February 4, 1999. The report of Gelfond Hochstadt Pangburn & Co. related to
the consolidated financial statements of the Company for the fiscal years
ended December 31, 1997 and 1996 contains a reference to the inherent
uncertainty of valuation of certain securities contained in the financial
statements. With the exception of the foregoing, the reports of Gelfond
Hochstadt Pangburn & Co. related to the consolidated financial statements of
the Company for the fiscal years ended December 31, 1997 and 1996 did not
contain any adverse opinion or disclaimer of opinion, or was qualified or
modified as to uncertainty, audit scope, or accounting principles. In
connection with the audits of the Company's financial statements for each of
the fiscal years ended December 31, 1997 and 1996, there were no disagreements
with Gelfond Hochstadt Pangburn & Co. on any matters of accounting principles
or practices, financial statement disclosure, or auditing scope and procedures
which, if not resolved to the satisfaction of Gelfond Hochstadt Pangburn &
Co., would have caused Gelfond Hochstadt Pangburn & Co. to make reference to
the matter in their report.
The Company has retained the accounting firm of Gerald R. Hendricks
& Co., P.C. to serve as the Company's independent accountant to audit the
Company's financial statements. This engagement was effective February 4,
1999. Prior to its engagement as the Company's independent accountant, Gerald
R. Hendricks & Co., P.C. had not been consulted by the Company either with
respect to the application of accounting principles to a specific transaction
or the type of audit opinion that might be rendered on the Company's financial
statements or on any matter that was the subject of any prior disagreement
between the Company and its previous certifying accountant.
The Company has requested that Gelfond Hochstadt Pangburn & Co.
furnish it with a letter addressed to the Commission stating whether it agrees
with the above statements. A copy of that letter will be filed as Exhibit
18.0 to this Form 8-K within 10 days.
ITEM 7: EXHIBITS
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Exhibit No.
18.0 Pursuant to Item 304(a)(3) of Regulation S-B, Section 228.304(a)(3) of
the Regulations under the Securities Exchange Act of 1934, as amended,
the Registrant herewith undertakes to furnish the letter of Gelfond
Hochstadt Pangburn & Co., former accountants to the Company, within 10
days.
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SIGNATURE
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 CASINOS, INC.
Date: 02/16/99 By: /s/ Stephen G. Calandrella
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Stephen G. Calandrella, President
