Item 4.01 Changes in Registrant's Certifying Accountant
(a)The Board of Directors (the "Board") of TransAct Energy Corp (the "Company")
elected in 2011 to cease the use of the Company's independent registered public
accounting firm Pritchett, Siler & Hardy, P.C. ("PSHPC") due to cashflow
restraints and the then requirements of the Over-the-Counter Bulletin Board
("OTC") regarding audited financials and public disclosure. December 31, 2010,
was the last audit performed by PSHPC and was since acquired by Haynie & Company
CPAs on January 1, 2018.
(b)On September 23, 2021, Issuer Services of the OTC advised the Company,
because of its unaudited financial reporting and the amendments to SEC Rule
15c211 that were adopted earlier that year, they were considered Pink No
Information and as of September 28, 2021 would be moved to the Expert Market.
(c)To reinstate the company back to a retail trading status the Board authorized
and instructed the Company to engage the law firm of Dykema Gossett PLLC as
outside counsel to advise with respect to the process the Company should
undertake to be compliant with the amended 15c211. It was determined that at
least two full years of audits (2021 and 2022) of the Company's financial
statements would need to be filed with the SEC.
(d)The company has been using DFK a global tax, audit, and accounting services
organization since it adopted a global tax strategy in selecting accountants in
each country it intends to operate, the Company had utilized DFK affiliates in
both Ireland and Mexico and felt it would be in its best interest for both its
US accounting firm and independent auditors.
(e)The Board resolved to engage Geffen Mesher a DFK affiliate as the Company's
US accountants and engaged RJI International CPAs ("RJI") as the Company's
auditors on February 7th, 2023. RJI is engaged to audit the 2021 and 2022
financial years. RJI is also a DFK affiliate.
Item 7.01 Regulation FD Disclosure
Action Stock Transfer Corporation ("Action") transitioned all of its transfer
agent and shareholder support provider accounts including the Companies to
Securities Transfer Corporation ("STC"), effective December 2nd, 2022. All the
Company's documents and records held by Action were transferred to STC during
December 2022. The Company's Board of Directors authorized management to engage
in a formal agreement with STC on January 17th, 2023.
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