UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number: 0-15482 CUSIP Number: 944018-308
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(Check One): [ ] Form 10-K [X] Form 10-KSB [ ] Form 10-Q [ ] Form 10-QSB
[ ] Form 20-F [ ] Form 11-K [ ] Form N-SAR
For Period Ended: August 31, 1997
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[ ] 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:
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
WAVETECH, INC.
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Full Name of Registrant
N/A
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Former Name if Applicable
5210 East Williams Circle, Suite 200
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Address of Principal Executive Office (Street and Number)
Tucson, Arizona 85771
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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)
[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-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 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
[X] (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 other transition report or portion
thereof, could not be filed within the prescribed period.
Registrant's independent auditors will be unable to complete their audit of the
Registrant's financial statements and issue a report thereon on a timely basis
as a result of circumstances which have delayed their access to certain
information necessary to verify certain asset values. Pending the completion of
the Registrant's financial statements, the Registrant is unable to complete the
disclosure to be included in its Annual Report on Form 10-KSB.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Lydia Montoya 520 750-9093
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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
(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,
if appropriate, state the reasons why a reasonable estimate of the results
cannot be made.
Wavetech, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: November 26, 1997 By: /s/ Gerald I. Quinn
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Gerald I. Quinn
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[LETTERHEAD OF ADDISON, ROBERTS & LUDWIG, P.C.]
STATEMENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
We hereby acknowledge that we have been engaged to audit the financial
statements of Wavetech, Inc. and Subsidiaries for the year ended August 31,
1997. We are currently in the process of conducting our audit. However, we will
be unable to complete the audit and issue an auditor's report before the due
date of the Form 10-KSB, November 29, 1997, due to circumstances connected with
the verification of certain asset values. This statement is filed as an exhibit
to Form 12b-25.
Addison, Roberts & Ludwig, P.C.
Tucson, Arizona
November 13, 1997
