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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC File Number: 33-28622-A
NOTIFICATION OF LATE FILING
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<S> <C> <C> <C> <C> <C>
(Check One) X Form 10-K __ Form 20-F __ Form 11-K _____ Form 10-Q __ Form N-SAR
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For Fiscal Year Ended: June 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 the form shall be construed to imply that the Commission has verified
any information contained herein.
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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
Full Name of Registrant: MSU Corporation
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________________________________________________________________________________
Former Name if Applicable
Address of Principal Executive Office (Street and Number): Elder House, 526-528
Elder Gate
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City, State and Zip Code: Central Milton Keynes, MK9 1LR, England
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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 appropriate box)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will
be filed on or before the fifteenth calendar day following the prescribed
/X/ due date; or the subject quarterly report of 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
(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, 11-K,
10-Q, N-SAR, or the transition report or portion thereof, could not be filed
with the prescribed time period:
The Company's auditors have required more time than usual to complete
their review of the Company's financial statements for the fiscal year ended
June 30, 2000 due to the late arrival of certain inventory confirmations from
the Far East. Hence, the Company will be filing the Form 10-K after the
scheduled due date.
The Company is current with respect to all prior "reporting
requirements" and is diligently endeavoring to complete its 10-K in as
expeditious a manner as possible in light of the circumstances described above.
The Company, therefore, intends to file its Form 10-K for the year ended
June 30, 2000 as soon as practicable, but no later than 15 calendar days
following the prescribed due date as indicated in Part II (b) of the Form
12b-25.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Richard Horby Phillips 011 44 1908232100
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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 reports 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 statements to be included in the subject report or portion
thereof? X Yes 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.
MSU CORPORATION has caused this notification to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: September 28, 2000 By: /s/ Richard H. Phillips
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Richard H. Phillips, Vice President
(Principal Financial and Accounting Officer)
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MSU CORPORATION
ATTACHMENT TO FORM NT-10-K
FOR THE FISCAL YEAR ENDED JUNE 30, 2000
PART IV, Item (3):
The Company's total revenues for the fiscal year ended June 30, 2000
were approximately $902,000 compared with $32,000 for the year ended June 30,
1999. Net loss for the year ended June 30, 2000 was reduced to $0.17 compared
with $0.47 for the year ended June 30, 1999.
