NOTIFICATION OF LATE FILING
FORM 12b-25
SEC File Number: 1-8287
CUSIP Number: 76709420
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-QSB
FOR PERIOD ENDED: YEAR ENDED JANUARY 31, 1998
Transition Report on Form 10-K
Transition Report on Form 20-F
Transition Report on Form 11-K
X Transition Report on Form 10-QSB
Transition Report Form on N-SAR
For the Transition Period Ended: October 31, 1997
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
RIO GRANDE, INC.
10101 Reunion Place, Suite 210
San Antonio, Texas 78216-4156
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-KSB, Form 20-F, 11-K, 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 of
transition report on Form 10-QSB, 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
State below in reasonable detail the reasons why the Form 10-K, 10-KSB, 20-F,
11-K, 10-Q, 10- QSB, -SAR, or the transition report or portion thereof, could
not be filed within the prescribed time period. (Attach Extra Sheets if Needed).
Rio Grande, Inc. (the "Company") is not able to file its Quarterly Report
on Form 10-QSB for the nine months ended October 31, 1997 (the "Quarterly
Report") within the time period prescribed for such report without unreasonable
effort or expense. The Company has been unable to timely conclude its
compilation and review of the Quarterly Report in light of reduced management
resources and recent operational matters that have required substantial
management time and attention. The Company will file the Quarterly Report within
the time prescribed by Rule 12b-25.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Gary Scheele
(210) 308-8000, Ext. 256
(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 answer
is no, identify report(s) X Yes No
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(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? Yes X No
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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.
The Company's loss from operations before provision for dividends on
preferred stock for the nine months ended October 31, 1997 will be approximately
$965,000 as compared to a loss of approximately $281,000 for the nine months
ended October 31, 1996. The loss after accrued dividends on the redeemable
preferred stock was $1,574,000 for the nine months ended October 31, 1997.
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RIO GRANDE, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: December 16, 1997
By:__________________________________
Name: Gary Scheele
Title: Vice President
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
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