<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a- 16 or 15d- 16 under the Securities Exchange Act of 1934
For the second quarter ended JUNE 30, 2000
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STOCKSCAPE.COM TECHNOLOGIES INC.
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(Exact name of registrant as specified in its charter)
SUITE #407 - 325 HOWE STREET, VANCOUVER, B.C. V6C 1Z7
(Address of principal executive offices)
Registrant's telephone number, including area code: (604) 687-0619.
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
FORM 20-F X FORM 40-F
--- ---
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
YES NO X
--- ---
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
UNLESS OTHERWISE INDICATED, ALL REFERENCES TO "DOLLARS" AND "$" ARE
TO UNITED STATES DOLLARS.
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<PAGE>
FORM 61
QUARTERLY REPORT
------
INCORPORATED AS PART OF: X SCHEDULE A
------
------
SCHEDULE B & C
------
ISSUER DETAILS:
FOR QUARTER ENDED: JUNE 30, 2000
-------------------------------------
DATE OF REPORT: AUGUST 21, 2000
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NAME OF ISSUER: STOCKSCAPE.COM TECHNOLOGIES INC.
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ISSUER'S ADDRESS: SUITE #407 - 325 HOWE STREET
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VANCOUVER, BC, V6C 1Z7
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ISSUER'S FAX NUMBER: 604-681-4170
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ISSUER'S PHONE NUMBER: 604-687-0619
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CONTACT PERSON: MARK T. BROWN
-------------------------------------
CONTACT'S POSITION: TREASURER
-------------------------------------
CONTACT TELEPHONE NUMBER: 604-687-0619
-------------------------------------
CERTIFICATE
The Schedule(s) required to complete this Quarterly Report are attached and the
disclosure contained therein has been approved by the Board of Directors. A copy
of this Quarterly Report will be provided to any shareholder who requests it.
Please note this form is incorporated as part of both the required filing of
Schedule A and B&C.
John J. Brown "JOHN BROWN" August 21, 2000
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Name of Director Signed (TYPED) Date Signed
Andrew F.B. Milligan "ANDREW F.B. MILLIGAN" August 21, 2000
--------------------------------------------------------------------------------
Name of Director Signed (TYPED) Date Signed
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIODS ENDING JUNE 30, 2000 AND 1999
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Management has compiled the unaudited interim financial information of
Stockscape.com Technologies Inc. consisting of the interim balance sheet as at
June 30, 2000 and the interim statement of operations and the interim statement
of cash flows for the six months ended June 30, 2000. This financial information
has not been audited or reviewed by an accounting firm. Readers are cautioned
that these statements may not be appropriate for their purposes.
--------------------------------------------------------------------------------
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
Consolidated Balance Sheets as at June 30
(Expressed in Canadian Dollars unless otherwise stated)
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<TABLE>
<CAPTION>
2000 1999
---- ----
<S> <C> <C>
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 525,347 $ 165,579
Short term investments 6,082,992 --
Marketable securities 81,421 937
Accounts receivable 72,469 64,411
Prepaid expenses and deposits 42,941 5,919
----------- ----------
6,805,170 236,846
LONG TERM INVESTMENTS 2,656,466 --
CAPITAL ASSETS 421,125 126,167
RESOURCE PROPERTY 1 --
INTANGIBLE ASSETS 9,775 9,910
----------- ----------
$ 9,892,537 $ 372,923
=========== ==========
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LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued liabilities $ 244,019 $ 83,297
Unearned revenue 130,810 86,018
Short term loan -- 103,376
----------- ----------
374,829 272,691
SHAREHOLDERS' EQUITY
SHARE CAPITAL 12,004,432 1,082,500
DEFICIT (2,486,724) (982,268)
----------- ----------
9,517,708 100,232
----------- ----------
$ 9,892,537 $ 372,923
=========== ==========
</TABLE>
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Approved by the Board of Directors
"Andrew Milligan" "John Brown"
------------------------------------ -------------------------------------
ANDREW F.B. MILLIGAN, JOHN J. BROWN
DIRECTOR DIRECTOR
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
Consolidated Statements of Operations and Deficit
For the Six Months Ending June 30
(Expressed in Canadian Dollars unless otherwise stated)
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
2000 1999
---- ----
<S> <C> <C>
REVENUE
Web-site sales and service $ 329,135 $502,485
Investor on-line services 857,359 --
---------- --------
1,186,494 502,485
COST OF SALES 1,156,831 398,122
---------- --------
GROSS PROFIT 29,663 104,363
GENERAL AND ADMINISTRATIVE EXPENSES
Advertising and promotion 7,442 9,038
Amortization 80,637 --
Annual report costs 113,497 --
Audit and legal fees 107,789 10,527
Corporate capital taxes 21,411 --
Management and administration fees 292,262 35,648
Foreign exchange (2,850) 767
Interest on debt -- 24,342
Investor and shareholder relations 147,773 --
Listing and transfer fees 15,124 --
Office and miscellaneous 176,723 16,550
Rent 33,084 --
Salaries, wages and benefits 177,329 130,721
Travel 32,748 4,271
---------- --------
1,202,969 231,864
---------- --------
OPERATING LOSS 1,173,306 127,501
OTHER ITEMS
Gain on sale of marketable securities 309,603 --
Loss on disposal of fixed assets -- (16,042)
Interest revenue 171,598 1,515
---------- --------
NET LOSS FOR THE PERIOD 692,105 142,028
DEFICIT, BEGINNING OF PERIOD 1,794,619 840,240
---------- --------
DEFICIT, END OF PERIOD $2,486,724 $982,268
========== ========
EARNINGS (LOSS) PER SHARE $ (0.03) $ (0.01)
========== ========
</TABLE>
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<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
Consolidated Statements of Cash Flows
For the Six Months Ending June 30
(Expressed in Canadian Dollars unless otherwise stated)
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
2000 1999
CASH PROVIDED BY (USED FOR) ---- ----
<S> <C> <C>
OPERATIONS
Net loss for the period $ (692,105) $(142,028)
Items not involving cash
Amortization 80,637 20,970
Gain on sale of marketable securities (309,603) --
Interest accrued on short term investments (141,854) --
Interest capitalized on short-term loan -- 21,105
Loss on disposal of fixed assets -- 16,042
Changes in non-cash working capital items
Account receivable 1,412 10,331
Prepaid expenses and deposits (20,740) 3,001
Accounts payable and accrued liabilities (18,461) (17,209)
Unearned revenue 63,553 30,794
----------- ---------
(1,037,161) (56,994)
INVESTING
Proceeds on sale of marketable securities 654,221 --
Purchase of capital assets (151,478) (66,919)
Purchase of intangible assets (317) (2,586)
Net purchase of short-term investments (93,537) --
----------- ---------
408,889 (69,505)
FINANCING
Proceeds on exercise of options 206,250 --
Short-term financing -- 234,283
----------- ---------
206,250 234,283
INCREASE (DECREASE) IN CASH
AND CASH EQUIVALENTS (422,022) 107,784
CASH AND CASH EQUIVALENTS,
Beginning of Year 947,369 57,795
----------- ---------
CASH AND CASH EQUIVALENTS,
End of Period $ 525,347 $ 165,579
----------- ---------
</TABLE>
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<PAGE>
FORM 61
QUARTERLY REPORT
INCORPORATED AS PART OF: / / Schedule A
/X/ SCHEDULE B & C
ISSUER DETAILS:
FOR QUARTER ENDED: JUNE 30, 2000
----------------------------------------
DATE OF REPORT: AUGUST 29, 2000
----------------------------------------
NAME OF ISSUER: STOCKSCAPE.COM TECHNOLOGIES INC.
----------------------------------------
ISSUER'S ADDRESS: SUITE #407 - 325 HOWE STREET
----------------------------------------
VANCOUVER, BC, V6C 1Z7
----------------------------------------
ISSUER'S FAX NUMBER: 604-681-4170
----------------------------------------
ISSUER'S PHONE NUMBER: 604-687-0619
----------------------------------------
CONTACT PERSON: MARK T. BROWN
----------------------------------------
CONTACT'S POSITION: TREASURER
----------------------------------------
CONTACT TELEPHONE NUMBER: 604-687-3520
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CERTIFICATE
The Schedule(s) required to complete this Quarterly Report are attached and
the disclosure contained therein has been approved by the Board of Directors. A
copy of this Quarterly Report will be provided to any shareholder who requests
it. Please note this form is incorporated as part of both the required filing of
Schedule A and B&C.
John J. Brown "JOHN BROWN" August 29, 2000
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Name of Director Signed (TYPED) Date Signed
Andrew Milligan "ANDREW MILLIGAN" August 29, 2000
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Name of Director Signed (TYPED) Date Signed
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC. SCHEDULE B
Supplemental Information
For the Quarter Ended June 30, 2000
--------------------------------------------------------------------------------
1. For the current fiscal year to date:
<TABLE>
<S> <C>
General and Administrative Expenses - Please see Statement of
Operations and Deficit
Expenditures to non-arms length parties $ 250,252
=========
</TABLE>
2. For the quarter under review:
(a) The following securities were issued:
<TABLE>
<CAPTION>
Number of
Date Common Shares Type of Issue Consideration Issue Price
------- ------------- ----------------- ------------- -----------
<S> <C> <C> <C> <C>
Exercise of stock
Various 50,000 options Cash $ 0.50 CDN
</TABLE>
(b) There following stock options were granted during the quarter:
<TABLE>
<CAPTION>
Number of Granted Exercise Expiry
Shares To Price Date
--------- ------- -------- ------
<S> <C> <C> <C>
300,000 Director $ 0.75 USD April 16, 2005
-------
300,000
=======
</TABLE>
(c) A total of 70,000 stock options expired during the quarter.
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC. SCHEDULE B
Supplemental Information
For the Quarter Ended June 30, 2000
--------------------------------------------------------------------------------
3. As at the end of the quarter:
(a) Authorized Share Capital:
200,000,000 common shares without a par value of which 26,332,183 shares
were issued and outstanding as at June 30.
100,000,000 preferred shares without par value of which none have been
issued.
(b) Incentive Stock Options outstanding:
<TABLE>
<CAPTION>
Number of Granted Exercise Expiry
Shares To Price Date
--------- --------- ---------- -----------------
<S> <C> <C> <C>
425,000 Directors $ 0.50 CDN July 12, 2004
400,000 Directors $ 0.75 USD January 9, 2005
5,000 Officer $ 0.50 CDN July 12, 2004
100,000 Officers $ 0.75 USD January 9, 2005
45,000 Employees $ 0.50 CDN July 12, 2004
115,000 Employees $ 0.60 USD November 30, 2004
145,000 Employees $ 0.75 USD January 9, 2005
127,500 Employees $ 1.40 USD March 22, 2005
300,000 Director $ 0.75 USD April 16, 2005
---------
1,662,500
=========
</TABLE>
NOTE: All of the above US$ options were re-priced to $0.50 USD
effective July 6, 2000.
Warrants outstanding:
<TABLE>
<CAPTION>
Number of Exercise Expiry
Shares Price Date
-------- ----------- -----------------
<S> <C> <C>
175,000 $ 2.00 CDN December 31, 2001
400,000 $ 0.50 CDN June 30, 2002
-------
575,000
=======
</TABLE>
(c) Total number of shares held in escrow: 10,000,000 common shares for a
minimum of two years to July 9, 2001.
(d) Directors at June 30, 2000: Andrew F. B. Milligan
Sargent H. Berner
A. Murray Sinclair
John J. Brown
Barry F. Duggan
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC. SCHEDULE C
Management Discussion
--------------------------------------------------------------------------------
REPORT TO THE SHAREHOLDERS:
The six-month period ended June 30, 2000 includes the consolidated operations of
Stockscape.com Technologies Inc.
Sales for the period of $1,186,494, compared with sales of $502,485 for the
corresponding six months in 1999, represents an increase of 136%. Cost of sales
increased by 191% to $1,156,831 resulting in an operating margin of $29,663. An
increase in expenses was largely attributable to the rapid build up of personnel
to meet the continued growth of the business, coupled with $295,000 directly
related to Stockscape's status as a public company. Amortization of new capital
equipment acquired to meet higher performance standards accounted for an
additional $80,000. The resultant net loss for the six months of $692,105
compares to a net loss of $142,028 for the six months in 1999. Cash and
investments at June 30, 2000 was $9,346,226.
Continuing growth of sales and the Company's strategy of investing in
technology and people, in preparation for continued growth, have had a
positive effect in the number of website visitors and continuous users.
Website visitors have increased three fold during the last three months.
The Company is accelerating rapidly in order to be first to market a fully
integrated financial portal that provides "voice over the internet"
telephony, real time video and audio streaming, and on-line Internet trading.
The Company has entered into discussions with a provider of real time video
news and entertainment content. We are on target to have these new features
operational in the third quarter of 2000.
The Company executed a letter of intent to acquire all of the assets of
US-based Silverback Communications Inc., effective August 1, 2000 for
1,500,000 shares, subject to all necessary regulatory approvals. Silverback
is a well-established database brokerage and list management company.
Stockscape continues to investigate new investing opportunities that will add
to our future growth.
Barry F. Duggan
President and C.E.O.
August 28, 2000
INVESTORS RELATIONS
There are no current independent investor relations' agreements in place at
this time.
<PAGE>
STOCKSCAPE.COM TECHNOLOGIES INC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
STOCKSCAPE.COM TECHNOLOGIES INC.
/s/ John J. Brown
Date: August 29, 2000 ---------------------------
John J. Brown
Chief Financial Officer
/s/ Andrew F. B. Milligan
Date: August 29, 2000 ----------------------------
President
