8-K 1 f8knewauditor.htm 8K 8-K  Auditor



UNITED STATES
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:  March 22, 2012
(Date of earliest event reported)

DigitalTown, Inc.
(Exact name of registrant as specified in its charter)

 

MN
(State or other jurisdiction
of incorporation)

000-27225
(Commission File Number)

411427445
(IRS Employer
Identification Number)

 

11974 Portland Ave, Burnsville
(Address of principal executive offices)

 

55337
(Zip Code)


952-890-2362
(Registrant's telephone number, including area code)

 

BDC Capital, Inc.
(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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





SECTION 4. – MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS


ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT:


On March 22, 2012, the Board of Directors appointed M & K CPA, PLLC. (“M&K”) as Digitaltown’s independent auditors for the 2012 fiscal year, replacing Moquist Thorvilson Kaufmann & Pieper LLC (“MTK”).


On March 22, 2012, the Company dismissed MTK as the Company’s independent auditor effective March 22, 2012.  The report of MTK on the Company’s consolidated financial statements for the year ended February 28, 2011, did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles.


For the year ended February 28, 2011, and through the date of this Form 8-K, there have been no disagreements with MTK on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements if not resolved to MTK’s satisfaction would have caused them to make reference to the subject matter of the disagreement in connection with their report. For the year ended February 28, 2011, and through the date of this Form 8-K, there were no “reportable events” as that term is described in Item 304(a)(1)(v) of Regulation S-K.


The Company has provided MTK with the disclosures it is making herein no later than the day that the disclosures are filed with the Commission.  The Company has requested MTK furnish it a letter addressed to the Commission stating whether it agrees with the above statements and, if not, stating the respects in which it does not agree.  The letter from MTK is attached as exhibit 16.1 hereto.


During the year ended February 28, 2011, and through March 22, 2012 (the date M&K was appointed), the Company did not consult M&K with respect to 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 Company’s Consolidated Financial Statements, or any other matters or reportable events as defined in Item 304(a)(2)(i) and (ii) of Regulation S-K.


SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS


ITEM 9.01 Financial Statements and Exhibits


16.1 – Letter from MTK


SIGNATURES

Dated: March 22, 2012

DIGITALTOWN, INC

By:  /s/ Robert Castle     
      Robert Castle, CEO