UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number 000-22329
(Check one)
|X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q |_| Form N-SAR
For period ended June 30, 2000
|_| Transition Report on Form 10-K
|_| Transition Report on Form 20-F
|_| Transition Report on Form 11-K
|_| Transition Report on Form 10-Q
|_| Transition Report on Form N-SAR
For the 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
Full Name of Registrant: PowerTrader, Inc.
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Former Name if Applicable:
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Address of principal executive office (Street and Number): 5255 Orbitor Drive
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City, state and zip code: Mississauga, Ontario, Canada L4W 4Y8
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Part II - Rule 12b-25(b) and (c)
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 appropriate box.)
(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 Forms 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.
Part III - Narrative
The Company is unable to timely file its Annual Report on Form 10-K for the year
ended June 30, 2000 because the Company: is no longer deemed to be a "small
business issuer" for the purposes of the small business disclosure system set
forth in Regulation S-B. As a result, the Company is now required to provide
additional disclosures under Regulation S-K that were not previously required
from the Company and must coordinate with the Company's former independent
accountants with respect to prior fiscal years.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Diane M. Lank (905) 212-3004
(Name) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or 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 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?
|_| Yes |X| No
PowerTrader, Inc. has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date September 29, 2000 By: /s/ Stamos Katotakis
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Stamos Katotakis, Chairman, CEO and
President
