Corresp
mPhase Technologies, Inc.
587 Connecticut Avenue
Norwalk, Ct. 06850
Mr. Martin F. James | March 30, 2010 |
Senior Assistant | |
Chief Accountant | |
Securities and Exchange Commission | |
100 F. Street N.W. | |
Washington, D.C. 20549 |
Re: Final Schedules for Materiality Analysis | |
financial statements of mPhase Technologies, Inc. | |
under ETIF- 0019 regarding the value of Platinum Partners Warrants |
Dear Mr. James:
Per your request, I am sending you the schedules that I have assembled with respect to the above-referenced matter.
Based upon the foregoing, the analysis supports a 426 day term for the Platinum Partners warrant, used in the Calculation of the estimated contingent liability for materiality review with respect to what adjustments, if any, need to be made with respect to the Company’s financial statements based upon ETIF-0019 in connection with the Company’s reporting of its Convertible Debentures.
Please call me at 917-324-0354 to discuss at your convenience. Thank you.
Very truly yours,
Edward Suozzo