Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. GAMETECH INTERNATIONAL INC (1045014) 10-K/A published on May 30, 2012 at 8:12 pm
Reporting Period: Oct 29, 2011
The purpose of this Amendment No. 1 to the Annual Report on Form 10-K of GameTech International, Inc. (“GameTech”) for the fiscal year ended October 30, 2011, is to address the comment contained in the letter from the Staff (the “Staff”) of the Division of Corporation Finance of the Securities and Exchange Commission (the “Commission”), dated March 13, 2012, with respect to the Annual Report on Form 10-K for the year ended October 30, 2011 (File No. 001-34447), originally filed on February 2, 2012 (the “Annual Report”).
Comment: Please have your accountants revise their report to omit the final sentence from the fourth paragraph. The language is not consistent with the language in AU 341.13. Refer also to Section 607.02 of the Financial Reporting Codification which states that financial statements will be considered false and misleading if those statements are prepared on the assumption of a going concern but should more appropriately be based on the assumption of liquidation.
As a result of the above comment regarding the Report of Independent Public Accountants, the independent registered public accounting firm has removed the questioned language from its report. No other Part, Item or Section of the original Form 10-K is being amended hereby.
This Amendment No. 1 does not reflect events that have occurred after the original filing of the Annual Report on Form 10-K on February 2, 2012, and does not modify or update the disclosures in the Annual Report on Form 10-K in any way except as specifically described in this Explanatory Note.
As a result of this Amendment No. 1, the Consent of Independent Registered Public Accounting Firm and the certifications pursuant to Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002, filed and furnished, respectively as Exhibits 23.1, 31 and 32 to the original Form 10-K, have been re-executed and re-filed with this Amendment No. 1.