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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
COMMISSION FILE NUMBER 0-21689
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
[ ] For Period Ended: May 31, 1998
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For Transition Period Ended:
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Nothing in this Form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
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Full Name of Registrant: Mego Mortgage Corporation
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Former Name if Applicable:
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Address of Principal Executive Office (Street and Number):
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1000 Parkwood Circle, Suite 500
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City, State and Zip Code: Atlanta, Georgia 30339
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PART II - RULE 12b-25(b) AND (c)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate.)
[X] (a) The reasons described in reasonable detail in Part III
of this form could not be eliminated without
unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report,
transition report on Form 10-K, 20-F, 11-K or Form
N-SAR, or portion thereof will be filed on or before
the 15th calendar day following the prescribed due
date; or the subject quarterly report or transition
report on Form 10-Q or portion thereof will be filed on
or before the fifth calendar day following the
prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
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PART III - NARRATIVE
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State below in reasonable detail the reasons why the Form 10-K, 11-K, 20-F,
10-Q, N-SAR or portion thereof could not be filed within the prescribed time
period.
SEE ATTACHMENT HERETO
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PART IV - OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification:
JAMES L. BELTER (770) 952-6700
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If
the answer is no, identify the report(s):
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or
portion thereof?
[X] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
SEE ATTACHMENT HERETO
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MEGO MORTGAGE CORPORATION
(Name of Registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: July 15, 1998 By: /s/ James L. Belter
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Name: James L. Belter
Title: Executive Vice President and Chief
Financial Officer
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ATTACHMENT TO FORM 12b-25
FORM 10-Q FOR PERIOD ENDED MAY 31, 1998
PART III - NARRATIVE
The Registrant is unable to file its Quarterly Report on Form 10-Q for the
quarter ended May 31, 1998 because the Registrant is experiencing delays in the
collection and compilation of certain financial information required to be
included in the Form 10-Q. The Form 10-Q will be filed as soon as reasonably
practicable and in no event later than the fifth calendar day following the
prescribed due date.
PART IV - OTHER INFORMATION
(3) The Registrant anticipates that it will report a significant and
adverse material change in its results of operations for the quarter
ended May 31, 1998 from the corresponding period for the last fiscal
year. The Registrant estimates that it will report a loss of
approximately $55.2 million for the quarter ended May 31, 1998 compared
to net income of $4.3 million for the quarter ended May 31, 1997.
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