United States Securities and Exchange Commission
Washington, D.C. 20549
Form 12b-25 Notification of late filing of Form 10-Q for the period ended March
31, 1996
SEC File Number 0-20271 CUSIP Number 811075-10-0
If the notification relates to a portion of the filing checked above, identify
the Items to which the
notification relates:
The notification relates to the entire Form 10-Q.
Part I - Registrant Information
Scriptel Holding, Inc.
(Full name of registrant)
4153 Arlingate Plaza
(Address of principal executive office - street and number)
Columbus, Ohio 43228
(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; (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 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.
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 within the prescribed
time period.
The Company has been unable to definitively account for the value of stock
options and warrants
issued to date in 1996 under the provisions of FASB 123. Consequently, the
financial statements
and Managements Discussion and Analysis of Financial Condition and Results of
Operations are
not complete. Registrant believes that the financials and managements
discussion will be
completed within the next five calendar days. The Company will file an
amendment to its Form
10-Q for the period ended March 31, 1996 which will include the financials and
the managements
discussion.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Frederick A. Niebauer, Treasurer , telephone 614-276-8402
(2) Have all other periodic reports required under Section 13 or !5(d) of the
Securities Exchange
Act of 1934 or Section 30 of the Investment Company Act of 1940 during the
preceding twelve
months (or for such shorter period that the registrant was required to file
such reports) been filed?
If answer is no, identify reports. 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.
The Company has continued to incur operating losses through 1995 and to date in
1996. The
Company cannot at this time estimate with reasonable certainty under the
provisions of Financial
Accounting Standards No. 123, as promulgated by the Financial Accounting
Standards Board, the
value of stock options and warrants issued, cancelled or repriced to date in
1996. The Company
expects such values to be material to its loss which will be reported for the
first quarter. The
Company expects to complete its valuation within the next few days.
Scriptel Holding, Inc.
(Name of registrant as specified in its charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: May 14, 1996 By: /s/ Frederick A. Niebauer
Frederick A. Niebauer, Treasurer
