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: July 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 six months ended July 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
---
(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
---
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 for the six months ended July 31,
1997 will be approximately $769,000 as compared to a $384,000 loss for the six
months ended July 31, 1996. The loss after accrued dividends on the redeemable
preferred stock was $1,170,000 for the six months ended July 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: September 15, 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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