SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: December 8, 1998
COMMERCIAL LABOR MANAGEMENT, INC.
(Exact name of registrant as specified in its charter)
Nevada 033-26531-LA 88-0241079 0000845807
(State of (Commission (I.R.S. Employer CIK Number
Incorporation) File Number) Identification No.)
137 N. Larchmont, #507, Los Angeles, CA 90004
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 323-933-0565
Not Applicable
(Former name or former address, if changed since last report.)
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Item 1. Changes in Control of Registrant
None.
Item 2. Acquisition or Disposition of Assets
None.
Item 3. Bankruptcy or Receivership
None.
Item 4. Changes in Registrants Certifying Accountant
None.
Item 5. Other Events
Commercial Labor Management, Inc. has been made aware of a
short position in its common stock. The short position may have
inflated the share price without any relation to the value or business
of the Company. A dispute among broker-dealers appears to exist as a
result of advisory notices issued by the NASDAQ in November and
December 1998 affecting the settlement date of the Company's one for 20
reverse stock split.
The Company announced the one for twenty reverse split in its
Information Statement dated October 14, 1997. The NASD issued advisory
notices in November and December for settlement purposes and adjusted
the effective date of the reverse split to October 14, 1998, which
reduced, but did not eliminate the short position. The price of the
Company's stock appears to be affected by the short position only, and
not by any other factor to the best of the Company's knowledge.
The Company continues to review business plans and to engage
in discussions with investment banking firms regarding potential
business combinations and advisory relationships. The Company intends
to enter into a merger or other business combination with an active
operating business. Nevertheless, at this time the Company has not
entered into a contract to purchase a business, and there is no
assurance as to if or when it will enter into such an agreement. The
Company intends to continue to remain current in its reporting with the
Securities and Exchange.
The contract to acquire CNG Communications, Inc. in August
1998 was breached by CNG, and the Company plans to file suit shortly
for breach of contract and other damages.
Item 6. Resignation of Directors
None.
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Item 7. Financial Statements Pro Forma Financial & Exhibits
None.
Exhibits
None.
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.
Date: December 8, 1998 COMMERCIAL LABOR MANAGEMENT, INC.
By: /s/ Edward L. Torres
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Edward L. Torres, President
