-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mlezc7yIlh/DwaYNSIHoA5EJOZatgvPbd+rBQni22wPLD7BW+YbzZFV6hCB/G+rl Z5VK6DvQtaaSKUfgnFrzfA== 0000912057-97-028783.txt : 19970822 0000912057-97-028783.hdr.sgml : 19970822 ACCESSION NUMBER: 0000912057-97-028783 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970815 ITEM INFORMATION: Other events FILED AS OF DATE: 19970821 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROCKY MOUNTAIN INTERNET INC CENTRAL INDEX KEY: 0001003282 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 841322326 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28738 FILM NUMBER: 97667789 BUSINESS ADDRESS: STREET 1: 1099 18TH STREET STREET 2: STE 3000 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3036720700 MAIL ADDRESS: STREET 1: 1099 18TH STREET STREET 2: STE 3000 CITY: DENVER STATE: CO ZIP: 80202 8-K 1 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT: August 21, 1997 (signed) (Date of the earliest event reported) August 15, 1997 ROCKY MOUNTAIN INTERNET, INC. Exact name of Registrant as specified in its charter COMMISSION FILE NUMBER: 001-12063 DELAWARE 84-1322326 - -------- ---------- State or other jurisdiction of IRS Employer incorporation or organization Identification 1099 18TH STREET, SUITE 3000 DENVER COLORADO 80202 - -------------------------------------------- -------- Address of principal executive offices Zip Code Registrant's telephone number, including area code: 303-672-0700 ITEM 5. OTHER EVENTS On August 15, 1997, based on the Form 10-Q filed by Rocky Mountain Internet, Inc. (the "Company") with the US Securities and Exchange Commission on the same date, The Nasdaq Stock Market, Inc. ("Nasdaq") notified the Company that the Company's capital and surplus was less than the $1,000,000 required to maintain listing on the Nasdaq SmallCap market and, that in light of such circumstances, the Company's common shares are subject to delisting from the market effective as of August 29, 1997. Nasdaq has allowed the Company until August 29, 1997, to submit a proposal for achieving compliance with its listing requirements, and based on that proposal Nasdaq will determine whether or not the Company may continue to be listed on the Nasdaq Stock Market. The Company will respond to Nasdaq with a plan to achieve compliance with the Nasdaq listing requirements by the required date and is hopeful that the plan will be accepted. The Company is in the process of a Private Placement to raise up to approximately $2,150,000 in equity capital. The Company is optimistic that the combination of funds received from the Private Placement if successfully completed plus an operating plan, if successfully completed, that calls for the Company to move to profitability in the first half of 1998, should result in compliance with the Nasdaq requirements, but there is no certainty of that result. Please see Exhibit 1 for the text of the Nasdaq notification letter. 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 undersigned, thereunto duly authorized. ROCKY MOUNTAIN INTERNET, INC. By: /s/ DAVID L. EVANS Date: August 21, 1997 ------------------------------ David L. Evans Chief Financial Officer, and Executive Vice President EX-1 2 EXHIBIT 1 EXHIBIT 1 - NASDAQ NOTIFICATION LETTER THE NASDAQ STOCK MARKET, INC. August 15, 1997 Mr. Dave Evans Rocky Mountain Internet, Inc. 1099 18th Street Suite 3000 Denver, CO 80202 Dear Mr. Evans: In our most recent review of your Form 10-Q for the period ended June 30, 1997, we found that your Company's capital and surplus was less than $1,000,000. As you know, companies listed on the Nasdaq SmallCap Market-SM- must maintain capital and surplus of at least $1,000,000 to qualify for continued listing.(1) In light of the circumstances, the Company's shares of common stock, warrants, and units are subject to delisting, effective with the close of business on August 29, 1997, unless the Company can provide three (3) copies of an SEC-filed report, which demonstrates that the Company currently meets all the Nasdaq SmallCap Market listing criteria. If the Company cannot file the required report or demonstrate compliance on or before the August 29, 1997 deadline, it must submit, by that date, its proposal(s) for achieving compliance. On the basis of the information provided by the Company, the staff will determine whether or not the Company may continue to be listed on The Nasdaq Stock Market-SM-. The proposal should include: - - a definitive plan which the Company believes will result in its meeting all Nasdaq SmallCap Market continuing listing requirements; - - the time frame necessary for completion; and - - any relevant information to support its plan of compliance, including but not limited to, financial projections, agreements, offering circulars, comments from its independent accountants, letters of intent, contracts or schedules. Should the Company fail to submit the necessary information in the time frame set herein, or if the submission is deemed not to warrant continued listing, we will immediately issue a formal notice of deficiency. This formal notice of deficiency will specify the delisting date for the Company's securities. If you have any questions concerning the compliance issues discussed above, please contact me at (800) 203-9455. Very truly yours, /s/ Leslie Bosch Leslie A. Bosch Analyst Listing Qualification (1) Marketplace Rule 4310 (c)(3). -----END PRIVACY-ENHANCED MESSAGE-----