SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number: 811-01639
NOTIFICATION OF LATE FILING
(Check One): [_] Form 10-K [_] Form 11-K [_] Form 20-F [_] Form 10-Q
[X] Form N-SAR
For Period Ended: 9/30/2000
[_] 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: _________________________
Read attached instruction sheet before preparing form. Please print or
type.
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:
PART I
REGISTRANT INFORMATION
Engex Inc.
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Full Name of Registrant
Emerging Securities Fund
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Former Name if Applicable
44 Wall Street - 2nd Floor
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Address of Principal Executive Office (Street and Number)
New York, New York 10005
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City, State and Zip Code
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 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, Form 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
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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 why the Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report or portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
The Registrant was recently notified by its prior independent auditors
that they would not continue as Registrant's auditors with respect to the fiscal
year ended September 30, 2000. The Company has retained Richard A. Eisner & Co.
to act as its auditors. The new auditors have raised questions which will take
additional time to answer in order for them to complete their audit of the
Registrant's financial statements as of the fiscal year ended September 30,
2000. Resolving these issues requires consultations with the former auditors and
although all issues are expected to be completed promptly, the Registrant is
unable timely to file the Form N-SAR without unreasonable effort or expense.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Gilbert Jackson (212) 495-4531
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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 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
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.
Engex Inc.
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(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 30, 2000 By /s/ Gilbert Jackson
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Name: Gilbert Jackson
Title: Treasurer
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Exhibit (as required by Rule 12b-25(c)
November 30, 2000
Securities and Exchange Commission
Washington D.C. 20549
Re: Engex, Inc.
SEC File Number 811-01639
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Dear Sir:
Pursuant to the requirements of sub-paragraph (c) of Rule 12b-25 of the 1934
Act, we herewith submit the following information concerning the referenced
Fund's request for extension to file its annual report for the fiscal year ended
September 30, 2000:
1. The extension request is being made due to the change in independent
auditors that occurred in October 2000. As a result, we are unable to
complete our auditing procedures to render an opinion on the financial
statements included in the Fund's annual report.
Sincerely,
/s/ Richard A. Eisner & Company, LLP
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Richard A. Eisner & Company, LLP
