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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): November 19, 1999
Rich Coast, Inc.
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(Exact name of registrant as specified in its charter)
Nevada 0-15859 91-1835978
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
10200 Ford Road, Dearborn, MI 48126
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (313) 582-8866
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Item 4. Changes in Registrant's Certifying Accountant
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(a) The Board of Directors of the Registrant dismissed Smythe Ratcliffe on
November 19, 1999 and has retained Gelfond Hochstadt Pangburn, P.C. as its
independent auditors for the fiscal year ending April 30, 2000. The Board of
Directors of the Registrant approved the dismissal of Smythe Ratcliffe and the
engagement of Gelfond Hochstadt Pangburn, P.C. as its independent auditors. None
of the reports of Smythe Ratcliffe on the Registrant's financial statements for
the fiscal years ended April 30, 1999 and 1998 contained an adverse opinion or a
disclaimer of opinion, or was qualified or modified as to uncertainty, audit
scope or accounting principles. Further, there were no disagreements with the
former accountants on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure.
There were no other reportable events with respect to any of the
Registrant's prior fiscal years or any subsequent interim period preceding such
dismissal.
(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 Smythe Ratcliffe. During the
Registrant's two most recent fiscal years or subsequent interim period, the
Registrant has not consulted Gelfond Hochstadt Pangburn, P.C. regarding the
application of accounting principles to a specific 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 on a reportable event.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
16.1 Letter regarding 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 hereunto duly authorized.
Date: November 22, 1999
RICH COAST, INC.
By:/s/ James P. Fagan
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James P. Fagan
President
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Exhibit 16.1
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November 19, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rich Coast, Inc.
File Ref. No. 0-15859
Ladies and Gentlemen:
We were previously the principal accountant for Rich Coast, Inc. and, under
the date of August 12, 1999, we reported on the consolidated financial
statements of Rich Coast, Inc. as of and for the years ended April 30, 1999 and
1998. Our appointment as principal accountant was terminated. We have read
Rich Coast, Inc.'s statements included under Item 4 of its Form 8-K dated
November 22, 1999 and we agree with the information contained in paragraph (a)
therein. We have no basis to agree or disagree with other statements of the
registrant contained therein.
Sincerely,
/s/ Smythe Ratcliffe
SMYTHE RATCLIFFE
CHARTERED ACCOUNTANTS
