SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 10-C
Report by Issuer of Securities Quoted on NASDAQ
Interdealer Quotation System
Filed pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and Rule 13a-176
or 15d-17 thereunder
SYNAPTIX SYSTEMS CORPORATION
(Exact name of issuer as specified in its Charter)
2450 South Shore Boulevard, Suite 210,
League City, Texas 77573
Issuer's telephone number, including area code: (281) 334-0708
I. CHANGE IN NUMBER OF SHARES AUTHORIZED
Indicate any change (increase or decrease) of 5% or more in the number of
shares authorized:
1. Title of security: $.00005 par value common stock
2. Number of shares authorized before the change: 526,000,000
3. Number of shares authorized after the change: 25,000,000
4. Effective date of change: Close of business on January 10, 1997
5. Method of change: Specify method (such as merger, acquisition,
exchange, distribution, stock split, reverse split, acquisition of
treasury stock, etc.) Reverse Split
6. Give brief description of transaction: The Issuer effected a
one-for-sixty reverse split of all issued and outstanding shares of
Common Stock; changed the par value of the Common Stock from $.00005
to $.003 per share; and reduced the number of authorized shares of
Common Stock from Five Hundred Thirty-six Million to Twenty Five
Million.
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II. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:
1. Title of security: $.00005 par value common stock
2. Number of shares outstanding before the change: 81,185,744
3. Number of shares outstanding after the change: 1,353,097
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4. Effective date of change: Close of business on January 10, 1997
5. Method of change: Specify method (such as merger, acquisition,
exchange, distribution, stock split, reverse split, acquisition of
treasury stock, etc.) Reverse Split
6. Give brief description of transaction: The Issuer effected a reverse
stock split whereby each 60 shares of the Corporation's Common Stock,
$.00005 par value, issued and outstanding prior to the reverse stock
split would be reclassified, split and converted into one share of
Common Stock, $.003 par value. The holder of 61 or more old shares up
to a total of 120 old shares, prior to the effective time of this
transaction, would receive two (2) new shares as a result of the
reverse split.
III. CHANGE IN NAME OF ISSUER
1. Name prior to change: Basic Natural Resources, Inc.
2. Name after change: Synaptix Systems Corporation
3. Effective date of charter amendment changing name: April 9, 1997
4. Date of shareholder approval of change, if required January 10, 1997
Date: May 2, 1997 /s/ Alan W. Harvey
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Alan W. Harvey, President and Chief
Executive Officer
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