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UNITED STATES SEC File Number
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 205 33-68304
Cusip Number
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One) [ ]Form 10-K [ ]Form 20-F [ ]Form 11-K [X]Form 10-Q [ ]Form N-SAR
For Period Ended: June 30, 1997
[ ] 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: _____________
READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR TYPE
Nothing in the form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
GREEN OASIS ENVIRONMENTAL, INC.
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Full Name of Registrant
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Former Name if Applicable
184 EAST BAY STREET, SUITE 302
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Address of Principal Executive Office (STREET AND NUMBER)
CHARLESTON, SOUTH CAROLINA 29401
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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;
[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 of 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, 10-Q, N-
SAR, or the transition report or portion thereof, could not be filed with the
prescribed time period. (Attach Extra Sheets if Needed)
SEE ATTACHMENT.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
William D. Carraway (803) 722-5771
(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
(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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GREEN OASIS ENVIRONMENTAL, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date August 15, 1997 By /s/ William D. Carraway
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William D. Carraway
President and Chief Executive 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 persons
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), 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 INSTRUCTION
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 Commission 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 notifications 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.
5. ELECTRONIC FILERS, This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties.
Filers unable to submit a report within the time period prescribed due
to difficulties in electronic filing should comply with either Rule 201
or Rule 202 of Regulation S-T (Section 232.201 or Section 232.202 of
this chapter) or apply for an adjustment in filing date pursuant to
Rule 13(b) of Regulation S-T (Section 232.12(c) of this chapter).
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GREEN OASIS ENVIRONMENTAL, INC.
SEC FILE NO. 33-68304
Part III - Narrative
The Registrant's Quarterly Report on Form 10-QSB for the period ended
June 30, 1997 could not be filed within the time period prescribed for the
filing of such report. On March 18, 1997, the Securities and Exchange Commission
(the "Commission" or the "SEC") initiated an informal, nonpublic inquiry with
respect to the Registrant to determine whether any violations of the federal
securities laws had been committed. On May 8, 1997, the Commission entered a
Formal Order of Private Investigation with respect to the Registrant. In
addition, as reported in a Current Report on Form 8-K dated May 22, 1997, the
Registrant has retained independent outside counsel to investigate concerns
noted by the Commission in ordering a temporary suspension of trading in the
Registrant's common stock on May 9, 1997, which order expired on May 22, 1997.
The Registrant has cooperated fully with the Commission's
investigation, which has distracted it from timely preparation of its Quarterly
Report on Form 10-QSB. In addition, counsel retained by the Registrant has not
completed its investigation with respect to the matters raised by the Commission
in ordering a temporary suspension of trading in the Registrant's common stock,
which matters the Registrant expects to address in its Quarterly Report. The
Registrant intends to complete preparation of its Quarterly Report on Form
10-QSB, which will include information intended to enable brokers and dealers to
satisfy their obligations under SEC Rule 15c2-11, as soon as is reasonably
practicable.
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