0001427644-15-000084.txt : 20151207 0001427644-15-000084.hdr.sgml : 20151207 20151207154521 ACCESSION NUMBER: 0001427644-15-000084 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20151207 ITEM INFORMATION: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review FILED AS OF DATE: 20151207 DATE AS OF CHANGE: 20151207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TELCO CUBA, INC.. CENTRAL INDEX KEY: 0001427644 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 980546544 STATE OF INCORPORATION: NV FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53157 FILM NUMBER: 151272700 BUSINESS ADDRESS: STREET 1: 20533 BISCAYNE BLVD. CITY: AVENTURA STATE: FL ZIP: 33180 BUSINESS PHONE: 305-747-7647 MAIL ADDRESS: STREET 1: 20533 BISCAYNE BLVD. CITY: AVENTURA STATE: FL ZIP: 33180 FORMER COMPANY: FORMER CONFORMED NAME: CaerVision Global, Inc. DATE OF NAME CHANGE: 20150129 FORMER COMPANY: FORMER CONFORMED NAME: American Mineral Group, Inc. DATE OF NAME CHANGE: 20130327 FORMER COMPANY: FORMER CONFORMED NAME: Sungro Minerals Inc. DATE OF NAME CHANGE: 20080220 8-K 1 f8knonreliance.htm TELCO CUBA 8K - NON RELIANCE 12.07.15 Telco Cuba 8K - Non Reliance 12.07.15

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

 

December 7, 2015

(Date of Report)

  

TELCO CUBA, INC.

(Exact Name of Registrant as Specified in its Charter)

  

Nevada

000-53157

98-0546544

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

  

2001 Hollywood Blvd, Suite 202, Hollywood FL 33020

(Address of principal executive offices)

  

Registrant's telephone number, including area code: (305)747-7647

  


N/A

(Former name or former address, if changed since last report)

  

 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ]

Written communications pursuant to Rule 425 under the Securities Act

[   ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

[   ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

[   ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 


 

 







Item 4.02

Non-Reliance on Previously Issued Financial Statements


On November 30, 2015, the Company filed its audited financial statements on Form 10-K/A covering the years ended November 30, 2012, 2013, and 2014.  The financial statements for those periods previously filed on Form 10-K were not audited.


During the course of the audits, several material adjustments to the previously filed financial statements were recorded.  Most significantly, the Company recorded an impairment of $2,000,000 on the oil and gas assets previously reported.  In addition to this impairment, the Company had material adjustments to derivative liabilities and notes payable.


As a result of the above adjustments, the Company advises that the financial reports previously filed on Form 10-K for the years ended November 30, 2012, 2013, and 2014, together with interim quarterly financial statements filed on Form 10-Q during these years as well as for the quarters ended February 20, 2015 and May 31, 2015 should not be relied upon.  


At the time of original filing, the Company believed that its financial statements represented an accurate reflection of the Company’s financial condition and results of operations.  The adjustments were not known until the conclusion of the audit.


The Company’s Chief Executive Officer discussed with the registrant’s independent accountant the matters disclosed in this filing.



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.

Dated:  December 7, 2015


TELCO CUBA, INC.


By: /s/ William Sanchez

      William Sanchez

      Chief Executive Officer