8-K Filings Reporting Intent to Restate Financial Statements

WikiLoan Inc. Form 8-K filed 10/22/10 (SEC file no. 033-26828):
In Item 4.02, WikiLoan reports that it has concluded that the financial statements included in its most recent Form 10-K and the two subsequent Form 10-Q filings should not be relied upon because those financial statements did not adequately account for beneficial conversion features in certain convertible debt agreements, as required by GAAP.  As the result of the error, the company will be restating the financial statements for the subject periods.  An agreement letter from WikiLoan's independent audit firm is included as an exhibit.

Doral Energy Corp. Form 8-K filed 10/21/10 (file no. 000-52738):
Doral has determined that the accounting treatment of the “assets held for sale” reported in the Company’s unaudited financial statements for the interim period ended April 30, 2010 to be the incorrect accounting treatment. Management has determined that under Full Cost accounting, the sale of the properties reported for the period ended April 30, 2010 does not meet the criteria for “assets held for sale” or “discontinued operations”.  In the press release exhibit, Doral states it will restate the financials for the reporting period as soon as practicable. 

Green Energy Live, Inc. Form 8-K filed 10/6/10 (file no. 000-53216):
Due to misstatements regarding the classification of convertible promissory notes as derivative liabilities, classification of cash/accrued expenses, and common stock subscriptions, Green Energy's auditor of record advised the management and board of directors that the financial statements filed the year ended 12/31/09 and the quarter ended 3/31/10 should no longer be relied upon as presented.  The errors resulted in an understatement of liabilities, an overstatement of additional paid in capital account, and an overstatement of the company’s net loss.  Green Energy intends to file amended periodic reports with the SEC by November 5.