SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
FORM 10-KSB
CELTIC INVESTMENT, INC.
(Exact name of Registrant as specified in its charter)
Delaware 33-37436-C 36-3729989
State of Commission File No. IRS Employer
Incorporation Identification No.
901 Warrenville Road, Suite 104
Lisle, IL 60532
(Address of principal executive offices)
407-832-1170
(Registrant's telephone number)
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Part I Registrant Information
Full Name of Registrant:
Celtic Investment, Inc.
Former Address if Applicable: N/A
Address of Principal Executive Office (street and number):
901 Warrenville Road, Suite 104
City, State and Zip Code:
Lisle, IL 60532
Part II Rule 12b-25 (b) and (c): The subject report could not be filed without
unreasonable effort or expense and the registrant seeks relief pursuant to the
reasons set forth in Part III hereof.
Part III Narrative: The Registrant appointed a new auditor and the coordination
between the current and former auditors in reviewing the financial reports and
Form 10-KSB Narrative, has taken longer than projected. The current auditor is
located in Chicago and the former auditor is located in Florida.
Part IV Other Information:
1) Name and telephone number of person to contact in regard to this
notification. A.O. Headman, Jr., Esq. 801-532-2666
2) have all other periodic reports required (under Section 13 or 15(d) of the
Securities and Exchange Act of 1934) 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). Yes.
3) Is it anticipated that any significant change in results of operating 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?
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 can not be made.
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CELTIC INVESTMENT, INC.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
DATE: September 24, 1996 By: /s/ A. O. Headman, Jr., Esq.
A. O. Headman, Jr., Esq.
Legal Counsel to Celtic Investment, Inc.
