SILVERTHORNE PRODUCTION CO
NT 10-Q, 2000-02-15
CRUDE PETROLEUM & NATURAL GAS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 12b-25
                           NOTIFICATION OF LATE FILING

                                  (Check One):
Form  10-KSB   __Form   20-F   __Form  11-K  X  Form  10-QSB   __Form N-SAR

           FOR PERIOD ENDED: December 31, 1999

           [ ] Transition  Report on Form 10-KSB [ ]  Transition  Report on Form
           20-F [ ] Transition Report on Form 11-K [ ] Transition Report on Form
           10-QSB [ ] Transition Report on Form N-SAR
           For the Transition Period Ended:
           -------------------------------

     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

SILVERTHORNE PRODUCTION COMPANY
- --------------------------------------------------------------------------------
Full Name of Registrant

N/A
- --------------------------------------------------------------------------------
Former Name if Applicable

3220 South Higuera Street, Suite 304
- --------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)

San Luis Obispo, California 93401
- --------------------------------------------------------------------------------
City, State and Zip Code




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).

      (a)  The reasons  described in reasonable  detail in Part III of this form
           could not be eliminated without unreasonable effort or expense; and

[X]   (b)  The subject annual report, semi-annual report, transition
           report on Form 10-KSB, Form 20-F, Form 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 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-KSB, Form
20-F, Form 11-K, Form 10-QSB, Form N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period. (Attach extra
sheets if needed.)

     On August 20, 1999, Registrant acquired the assets of Inter-American
Telecommunications Holdings Corp. ("ITHC"). The books and records of ITHC are in
the process of being audited so that Registrant can file the audited financial
statements of ITHC as an amendment to Registrant's Current Report on Form 8-K
dated August 20, 1999. Until the audit is complete, Registrant will not be able
to complete Registrant's unaudited financial information for the quarter ended
December 31, 1999.

PART IV - OTHER INFORMATION

     (1) Name and telephone number of person to contact in regard to this
notification:

   Jimmy L. Boswell                  (805)           786-2640
- ------------------------       ---------------    ---------------
       (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

      Registrant  has not filed an amendment to  Registrant's  Current Report on
Form 8-K dated August 20, 1999 that  includes the  financial  statements of ITHC
required by Rule 3-05  Regulation  S-X.  Registrant  has not filed  Registrant's
Quarterly Report on Form 10-QSB for the quarter ended September 30, 1999.

      (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? [ 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.

      Prior to August 20,  1999,  Registrant  had no  operations.  On August 20,
1999,  Registrant  acquired the assets of ITHC which had operations.  Therefore,
Registrant's  Quarterly Report on Form 10-QSB for the quarter ended December 31,
1999 will be substantially different from Registrant's Report on Form 10-QSB for
the quarter ended December 31, 1998, because the Quarterly Report on Form 10-QSB
for the quarter ended  December 31, 1999,  will include the  operations of ITHC.
Registrant has not been able to compile the  information  to accurately  reflect
the results of Registrant's operations as a result of the acquisition


<PAGE>



                     SILVERTHORNE PRODUCTION COMPANY
                     (Name of Registrant as specified in charter)

has  caused  this  notification  to be  signed  on  its  behalf  by the
undersigned hereunto duly authorized.



Date: February 14, 2000
     /s/ Jimmy L. Boswell, President
     --------------------------------
By:  Jimmy L. Boswell, President

                                    ATTENTION

Intentional  misstatements  or  omissions  of fact  constitute  Federal
Criminal Violations (See 18 U.S.C. 1001).


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