-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UbQITmc/aoUWgj8XilxilmzvprlJ19nwKi9QdsgYkrYDKkQxuDibiJTSOK5rv8lm Ne1MNucfcehqrAYxyrJXBg== 0000000000-05-062728.txt : 20061005 0000000000-05-062728.hdr.sgml : 20061005 20051216151207 ACCESSION NUMBER: 0000000000-05-062728 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051216 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Mystica Candle Corp. CENTRAL INDEX KEY: 0001334699 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 203061907 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 136 BRADLEY ROAD CITY: SALT SPRING ISLAND STATE: A1 ZIP: V8K 1J5 BUSINESS PHONE: 604 612 8902 MAIL ADDRESS: STREET 1: 136 BRADLEY ROAD CITY: SALT SPRING ISLAND STATE: A1 ZIP: V8K 1J5 LETTER 1 filename1.txt Mail Stop 3561 November 22, 2005 Jon Suk, President Mystica Candle Corp. 136 Bradley Road Salt Spring Island BC Canada V8K 1J5 Re: Mystica Candle Corp. Amendment No. 2 to Registration Statement on Form SB-2 Filed November 8, 2005 File No. 333-127703 Dear Mr. Suk: We have reviewed your filing and have the following comments. Where indicated, we think you should revise your document in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. Feel free to call us at the telephone numbers listed at the end of this letter. Plan of Operation, page 19 1. You state that you expect you will only be able to complete the first five months of your business plan without additional funds. Please state the amount you will need for the remainder of your fiscal year. Report of Independent Registered Public Accounting Firm, page F-1 2. We note your response to comment 5 in our letter dated October 19, 2005 regarding the reason for the two dates on the audit report. We are unclear on the appropriateness of your Note 8 disclosure. In this regard, it does not appear appropriate to refer to the reason for a restatement as opposed to the company describing the nature of the restatement`s and its effects on the financial statements. You may want to review accounting trends and techniques for examples of companies with similar issues. We do not believe prevalent practice is referring by number to the staff`s comment letter. We recommend your auditor review the appropriate PCAOB standards and revise their report and the Company to consider, with the auditor, whether revisions are necessary in the financial statements or the related disclosure. Financial Statements 3. Please revise your presentation to update your financial statements to comply with Item 310(a) of Regulation S-B. Notes to Financial Statements Note 8 - Revised Financial Statements, page F-8 4. We note your disclosure regarding your revisions to the financial statements as of September 26, 2005. Please expand your footnote disclosures to explain the nature of the revisions and the specific accounts and financial statement line items affected by the changes. ***** As appropriate, please amend your registration statement in response to these comments. You may wish to provide us with marked copies of the amendment to expedite our review. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments. You may contact Milwood Hobbs, Staff Accountant, at (202) 551- 3241 or James Allegretto, Senior Staff Accountant, at (202) 551- 3849, if you have questions regarding comments on the financial statements and related matters. Please contact Anita Karu, Attorney-Advisor, at (202) 551-3240, or me at (202) 551-3720 with any other questions. Sincerely, H. Christopher Owings Assistant Director Cc: Michael M. Kessler, Esq. Fax: (916) 239-4008 ?? ?? ?? ?? Jon Suk, President Mystica Candle Corp. November 22, 2005 Page 1 -----END PRIVACY-ENHANCED MESSAGE-----