U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
Commission File Number: 000-25521
(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended: September 30, 2000
[ ]Transition Report on Form 10-K
[ ]Transition Report on Form 20-F
[ ]Transition Report on Form 11-F
[ ]Transition Report on Form 10-Q
[ ]Transition Report on Form N-SAR
For the Transition Period Ended:
Read Attached Instruction Sheet Before Preparing Form. Please Print or
Type. Nothing in this form shall be constructed 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: not applicable
--------------
PART I--REGISTRANT INFORMATION
Full Name of Registrant: INC.UBATOR CAPITAL, INC.
Former Name if Applicable: Shanecy, Inc.
Address of Principal Executive Office: 9777 Wilshire Blvd., Suite 718
Beverly Hills, CA 90212
PART II--RULES 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 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, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed
on or before the fifteenth 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
[X] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III--NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K,
10-Q, N-SAR or the transition report or portion thereof could not be filed
within the prescribed time period.
During the latter part of its fiscal year ended March 31, 2000, the Company
embarked on a new business strategy, changed accountants, organized a new
management team and completed several acquisitions. During the quarter ended
September 30, 2000, the Company attempted to take additional steps toward
the preparation of proxy materials related to a previously announced
transaction which will have a significant effect on its financial statements
and explored various options to raise additional capital. In addition,
during this quarter the Company's President resigned for personal reasons.
Due to the significant amount of management's attention directed to these
and other matters, the Company and its accountants did not complete the
required information or financial statement review prior to the filing
deadline. As a result of the foregoing, the Company is unable to file its
Quarterly Report on Form 10-QSB on a timely basis.
PART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Michael Bodnar, Chief Financial Officer (604) 273-3277
-----------------------------------------------------------------------
(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 report(s).
[ ]Yes [X] No
The Company's amendment to the Current Report on Form 8-K/A filed on April
5, 2000 to include the audited financials of two recently acquired companies
was not timely filed.
(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 statement 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. Due to it's previously announced
change in business strategy, the Company expects to report a loss of
approximately $1.9 million for the six months ended September 30, 2000.
INC.UBATOR CAPITAL, INC.
-------------------------------------------
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: November 13, 2000
By: Michael Bodnar
-----------------------------------
Michael Bodnar
Chief Financial Officer
