8-K 1 c64708k.txt UNITED STATES SECURITIES AND EXCHANGE COMMISION 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): May 10, 2007 Global Biotech Corp. (Exact name registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation 98-0229951 (Commission file no.) (IRS Employer Identification No.) 3810 St. Patrick Suite 2D Montreal, Quebec H4E 1A4 (Address of principal executive offices and zip code) Company's telephone number, including area code: (514) 935-8589 Item 4.01 Change in Registrant's Certifying Accountant (a) Previous Independent Accountants (i) Effective May 10, 2007 - Armando C. Ibarra ("Ibarra"), Certified Public Accountant, resigned as the independent certified accountant of Global Biotech Corp. (the "registrant"). . (ii) Ibarra's report on the Registrant's financial statements for the past fiscal year ended November 30, 2005 did not contain an adverse opinion or a disclaimer of opinion, and was not qualified as to uncertainty, audit scope, or accounting principles. The report was modified to include an explanatory paragraph wherein Ibarra expressed substantial doubt about the Registrant's ability to continue as a going concern. (iii) The change of independent accountants was approved by the registrant's Board of Directors on May 10, 2007. (iv) During the Registrant's fiscal year ended November 30, 2005, there were no disagreements on any matter of accounting principles, practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to their satisfaction would have caused them to make reference in connection with their opinion to the subject matter of the disagreement. (v) During the Registrant's fiscal year ended November 30, 2005, Ibarra did not advice the Registrant of any matters identified in paragraph (a)(l)(v) of Item 304 of Regulation S-K. (vi) The Registrant requested Ibarra to furnish a letter addressed to the SEC, stating whether it agrees with the statement made by the Registrant and, if not, stating the respect in which it doest not agree. (b) New Independent Accountants On May 10, 2007, the Registrant engaged Chang G. Park, CPA as its principle accountant to audit the Registrant's financial statements. The registrant did not consult Park on any matters described in paragraph (a)(2)(i) or item 304 of Regulation S-K during the Registrant two most recent fiscal years. Item 9.01 Exhibits Exhibits 16.1 Letter dated June 4, 2007 from Armando C. Ibarra, Certified Public Accountant Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 4, 2007 Global Biotech Corp. By:/s/ Louis Greco Name Louis Greco Its: President & Acting Principal Financial Officer