0000891554-01-505618.txt : 20011009
0000891554-01-505618.hdr.sgml : 20011009
ACCESSION NUMBER: 0000891554-01-505618
CONFORMED SUBMISSION TYPE: NT 10-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20010630
FILED AS OF DATE: 20011001
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: PLANET411 COM INC
CENTRAL INDEX KEY: 0001096555
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 880258277
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: NT 10-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-27645
FILM NUMBER: 1749248
BUSINESS ADDRESS:
STREET 1: 440 RENE LEVESQUE WEST
STREET 2: SUITE 401
CITY: MONTREAL QUEBEC
STATE: A8
BUSINESS PHONE: 5148664638
MAIL ADDRESS:
STREET 1: 440 RENE LEVESQUE WEST
STREET 2: SUITE 401
CITY: MONTREAL QUEBEC
STATE: A8
NT 10-K
1
d27051_12b-25.txt
FORM NT 10-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 0-27645
(Check One):
[X] Form 10-K and Form 10-KSB [ ] Form 11-K
[ ] Form 20-F [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: June 30, 2001
[ ] 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:
Read Attached Instruction Sheet Before Preparing Form. Please Print or
Type.
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:_________________________
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PART I
REGISTRANT INFORMATION
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Full Name of Registrant: Planet411.com Inc.
Former Name if Applicable:
Address of Principal Executive: 440 Rene Levesque West, Suite 401
City, State and Zip Code Montreal, Quebec Canada H2Z 1V7
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PART II
RULE 12b-25(b) AND (c)
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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 box if appropriate)
(a) The reasons described in reasonable detail in
Part III of this form could not be eliminated
without unreasonable effort or expense;
(b) The subject annual report, semi-annual report,
transition report on Form 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
[X] 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.
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PART III
NARRATIVE
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State below in reasonable detail the reasons why Forms 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR, or the transition report or portion thereof could not
be filed within the prescribed time period. (Attach extra sheets if needed.)
Because of the Company's difficult financial situation, management has been
unable to devote the necessary resources to prepare the annual report on Form
10-K within the required period without undue effort.
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PART IV
OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification:
Laval Bolduc (514) 866-6405
------------------- ----- ----------------
(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 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?
[ X ] Yes [ ] 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 Company changed its business plan and, in connection therewith, sold
its operating subsidiary during the fiscal year ended June 30, 2001. Item 1 of
the annual report on Form 10-K will reflect that the Company shifted its
resources from its established operations to this proposed new business. This
shift resulted in a decrease in operating and administrative expenses and a
decrease in current liabilities during the fiscal year.
Quantitatively, the Company's operating and administrative expenses
decreased from $4,488,126 to approximately $2,879,000. The Company's net loss
also decreased from $4,431,424 to approximately $611,000. Working capital
(current assets less current liabilities) at yearend increased from ($1,181,762)
in 2000 to approximately ($59,000) in 2001. The smaller net loss and the
increase in working capital are largely attributable to an extraordinary gain of
approximately $2.5 million and a $2.5 decrease in the Company's current debt,
both of which resulted from the sale of the Company's operating subsidiary.
Excluding a loss due to foreign currency translation, the Company anticipates
that its net loss from operations will be approximately $3.1 million. The
Company anticipates that its accumulated deficit as at June 30, 2001, will be
approximately $6.1 million. All of the foregoing figures as at June 30, 2001, or
for the period ended June 30, 2001, remain subject to completion of the
Company's audit.
[The remainder of this page intentionally left blank]
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Planet411.com 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: September 28, 2001 By /s/ Laval Bolduc
----------------------- --------------------------
Laval Bolduc
Chief Operating Officer,
Chief Financial Officer and
Treasurer