other material
confidence high
sentiment negative
materiality 0.85
Bansal resigns as Globaltek auditor; 2019-2025 financials, audit reports withdrawn after Nevada court order
Globaltek Ventures, Inc.
- Bansal & Co. resigned as auditor effective Sept 10, 2026, withdrew its consent and recalled audit reports for fiscal years 2019 through 2025 and subsequent interim periods.
- Aug 11, 2026 Nevada District Court order: the Custodian (sole director/CEO/principal accounting officer) was improperly appointed and all related party transactions are void ab initio.
- Dr. Shaun Passley was found never properly appointed as director or officer; Globaltek had no directors, officers or custodian from Aug 11 to Oct 12, 2026.
- Jacob Sherman was appointed Custodian on Oct 12, 2026 and is reviewing the Order's effect on finances and operations plus a possible appeal; Bansal is proposed for reappointment.
- Bansal's Aug 20, 2026 Section 10A(b) letter went unanswered, so on Aug 26, 2026 it furnished the letter directly to the SEC Office of the Chief Accountant.