Form NT 10-K for GLOBESAT HOLDING CORP. filed on December 30, 1997
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UNITED STATES
Washington, D.C. 20549
FORM 12b-25
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NOTIFICATION OF LATE FILING
(Check One): |X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q
|_| Form N-SAR
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For Period Ended: September 30, 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
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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:
________________________________________________________________________
PART I -- REGISTRANT INFORMATION
GLOBESAT HOLDING CORP.
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Full Name of Registrant
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Former Name if Applicable
5 Hazelton Avenue, Suite 200
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Address of Principal Executive Office (Street and Number)
Toronto, Ontario M5R 2E1
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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 appropriate box.)
[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, 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.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Registrant's reasons for not timely filing its Form 10-KSB for the period
ending September 30, 1997, by December 30, 1997, are as follows:
The Company has assembled and completed its Form 10KSB for the year ended
September 30, 1997 which is due at the Commission on December 30, 1997. Due
to illness, the Company's Chief Executive Officer, was not able to provide
such financial information to the Company's auditor in a timely manner, thereby
accounting for the delay in the filing of the Company's Form 10KSB. Upon
completion of the audit, the Company will transmit the same to the Commission.
Accordingly, the Company will file its Form 10-KSB after December 30, 1997 but
prior to January 14, 1998.
ART IV--OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Lee A. Greenspoon (416)513-0191
(Name) (Area Code)(Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of1934 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 report(s) been filed? If answer is no,
identify report(s).
[X] Yes [ ] No
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(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?
[ ] Yes [X] 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.
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Globesat Holding Corp.
Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date December 30, 1997
By /s/ Lee A. Greenspoon
President and Chief Executive Officer
