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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 SEC File Number
0-15482
NOTIFICATION OF LATE FILING CUSIP Number
944018 30 8
(Check One): / / Form 10-K and Form 10-KSB / / Form 20-F / / Form 11-K
/X/ Form 10-Q and Form 10-QSB / / Form N-SAR
For Period Ended: November 30, 1995
/ / 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:_____________________________
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Read 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.
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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
WAVETECH, INC.
Full Name of Registrant
N/A
Former Name if Applicable
5210 E. Williams Circle, Suite 200
Address of Principal Executive Office (Street and Number)
Tucson, Arizona 85711
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;
/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 fifteenth calendar day
following the prescribed due date; or the subject quarterly report
or 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.
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K and Form 10-KSB,
11-K, 20-F, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed period.
The Company has been conducting an evaluation of balance sheet assets,
which has required that the Company obtain certain information within the
possession and control of third parties. The Company has been unable to obtain
such information and complete such evaluation without unreasonable effort or
expense in order to permit timely filing of its Report on Form 10-QSB for the
quarter ended November 30, 1995. The Company believes that the necessary
information will be obtained and the evaluation of the Company's assets will be
completed in time to permit filing of such Form 10-QSB Report on or before
January 22, 1996.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Terence E. Belsham (520) 750-9093
(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
(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.
SEE ATTACHEMENT A
WAVETECH, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: January 16, 1996 By /s/ Terence E. Belsham
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Terence E. Belsham
President
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ATTACHMENT A
PART IV - OTHER INFORMATION
Subject to adjustments, if any, which may be required as a result of
the above-described evaluation of assets, the Company anticipates a net loss of
$287,366, or $.03 per share for the quarter ended November 30, 1995, as compared
to a net loss of $129,122, or $.12 per share, for the corresponding period of
the prior fiscal year. The increased net loss is primarily attributable to costs
associated with adding personnel and resources necessary to develop the
Company's infrastructure and business organization.
