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 (Date of earliest event reported): June 3, 2004
Secured Diversified Investment, Ltd.
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(Exact Name of Registrant as Specified in Its Charter)
Nevada
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(State or Other Jurisdiction of Incorporation or Organization)
0-30653
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(Commission File Number)
80-0068489
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(IRS Employer Identification No.)
5030 Campus Drive, Newport Beach, California 92660
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(Address of Principal Executive Offices) (Zip Code)
(949) 851-1069
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Registrant's Telephone Number, Including Area Code
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On June 2, 2004 the Board of Directors of Secured Diversified Investment,
Ltd. (the "Company") dismissed CACCIAMATTA ACCOUNTANCY CORPORATION (CAC) as
the Company's independent accountants and appointed the firm of Kabani &
Company, Inc. (KC), to serve as independent public accountants of the
Company for the fiscal year ending December 31, 2004.
CAC's report on the Company's consolidated financial statements for the
fiscal years ended December 31, 2003 and 2002 did not contain an adverse
opinion or disclaimer of opinion, or was modified as to uncertainty, audit
scope or accounting principles, however, they were modified to include an
explanatory paragraph wherein they expressed substantial doubt about the
Registrant's ability to continue as a going concern.
During the years ended December 31, 2003 and 2002 and through June 2, 2004,
there were no disagreements with CAC on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or
procedure which, if not resolved to CAC's satisfaction, would have caused
them to make reference to the subject matter of such disagreements in
connection with their report on the Company's consolidated financial
statements for such years.
The Company provided CAC with a copy of the foregoing disclosures. Attached
as Exhibit 16.1 is a copy of CAC's letter stating its agreement with such
statements.
During the years ended December 31, 2003 and 2002 and through the date
hereof, the Company did not consult with KC 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 financial statements.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit Description
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16.1 Letter from CACCIAMATTA ACCOUNTANCY CORPORATION
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Secured Diversified Investment, Ltd.
Registrant
Date: June 2, 2004 By: \s\Clifford L. Strand
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Clifford L. Strand
Chief Executive Officer