UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one): ___ Form 10-KSB __ Form 20-F X Form 10-QSB __ Form N-SAR
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For period ended: September 30, 1997
[ ] Transition Report on Form 10-K and Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q and Form 10-QSB
[ ] Transition Report on Form N-SAR
For the transition period ended
SEC File Number 0-24372
CUSIP Number -
Nothing in this 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:_________________________________________
PART I-REGISTRANT INFORMATION
THE THORSDEN GROUP, LTD.
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Full Name of Registrant
- --------------------------------------
Former Name if Applicable
4505 South Wasatch Blvd., Suite 340
Salt Lake City, Utah 84124
(801) 424-0044
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Address and telephone number of
principal executive office
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
Forms 10-K, 10-KSB, 20-F, 11-K, or Form N-SAR, or portion thereof will be
filed on or before the 15th calendar day following the prescribed due date; or
the subject quarterly report or transition report on Form 10-Q, 10-QSB, 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, 10-KSB,
11-K, 20-F 10-Q, 10-QSB, N-SAR or the transition report portion thereof, could
not be filed within the prescribed time period.
The quarterly report of the registrant on Form 10-QSB could not be filed
because of delays resulting from recent changes at the registrant.
The registrant recently merged with Arkona, Inc., a Utah corporation and the
transaction resulted in a change of management and control, including the
directors and executive officers of the registrant. The new management needs
additional time to compile the data to be included in the report on Form 10-
QSB.
PART IV-OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Stephen Russell, CFO (801) 424-0044
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or 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 report(s)) been filed? If the 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.
THE THORSDEN GROUP, LTD.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date November 14, 1997 By: /s/ Stephen Russell
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Stephen Russell, Chief Financial
Officer
