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FORM 12B-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-8489
CUSIP NUMBER
037599-20-6
(Check one): ( X ) Form 10-K ( ) Form 11-K ( ) Form 20-F
( ) Form 10Q ( ) Form N-SAR
For Period Ended: September 30, 1998
( ) 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: September 30, 1998
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Read Instructions (on back page) Before Preparing Form. Please Print or Type.
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
FRONTEER FINANCIAL HOLDINGS, LTD.
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Full Name of Registrant
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Former Name if Applicable
1700 Lincoln Street, Suite 3200
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Address of Principal Executive Officer (Street and Number)
Denver, Colorado 80203
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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, the following should be
completed. (Check box if appropriate)
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(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 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, 20-F, 10-Q
or N-SAR or portion thereof, could not be filed within the prescribed time
period
Registrant has encountered delays in completing its Annual Report on Form 10-K
for the fiscal year ended September 30, 1998, because the personnel primarily
responsible for preparing Registrant's Annual Report on Form 10-K were unable to
complete the Annual Report on Form 10-K by December 29, 1998, because such
personnel had to devote a significant amount of time in November and December
1998 in connection with a proposed business combination of the Registrant's
broker/dealer subsidiary with another broker/dealer.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of persons to contact in regard to this
notification:
Gary L. Cook (303) 860-1700
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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
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.
For the fiscal year ended September 30,1998 Registrant incurred a loss from
continuing operations of $6,889,588 on revenues of $27,387,304 For the fiscal
year ended September 30, 1997, Registrant incurred a loss from continuing
operations of $1,990,302 on revenues of $25,100,414. The primary reason for the
significant change in Registrant's revenues resulted from new branch office
openings. The primary reasons for the significant change in Registrant's losses
from continuing operations are the increased general and administrative expenses
associated with new branch openings, increased cost of computer sales and
unrealized losses on investments.
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FRONTEER FINANCIAL HOLDINGS, LTD.
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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: December 29, 1998 By: /s/ Gary L. Cook
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Gary L. Cook, Chief Financial Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If an
authorized representative (other than an executive officer) signs the statement
on behalf of the registrant, evidence of the representative's authority to sign
on behalf of the registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (see 18 U.S.C. 1001)
GENERAL INSTRUCTIONS
1. This Form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this Form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
General Rules and Regulations under the Act. The information contained in or
filed with the Form will be made a matter of public record in the Commissions
files.
3. A manually signed copy of the form and amendments thereto shall be filed with
each national securities exchange on which any class of securities of the
registrant is registered.
4. Amendments to the notification must also be filed on Form 12b-25 but need not
restate information that has been correctly furnished. The Form shall be
clearly identified as an amendment notification.
