SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

[ ] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-QSB [ ] Form N-SAR

For the Period Ended: June 30, 2003

[  ] Transition Report on Form 10-K
[  ] Transition Report on Form 10-Q
[  ] Transition Report on Form 20-F
[  ] Transition Report on Form N-SAR
[  ] Transition Report on Form 11-K

For the Transition Period Ended:

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

Full Name of Registrant: Point Group Holdings, Incorporated
Former Name, if Applicable: Syconet.com, Inc.

Address of Principal Executive Office (Street and Number):

2240 Shelter Island Drive, Suite 202
San Diego, California 92106

PART II - RULES 12b-25 (b) and (c)

If the subject report could not be filed without reasonable effort or
expense and the Registrant seeks relief pursuant to Rule 12b-25(b),
the following should be completed. (Check box if appropriate)
[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 or semi-annual report, transition
report on Form 10-KSB, Form 20-F, 11-K or 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 or
transition report on Form 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

The Registrant is in the process of compiling information for the
quarter ended June 30, 2003 for the Form 10-QSB, all of which
information has not yet been received.

PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this
notification:

John Fleming; (619) 269-8692.

(2) Have all or other periodic report 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?
[  ] 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 Registrant has caused this notification to be signed on its
behalf by the undersigned, thereunto duly authorized.

                                       Point Group Holdings, Incorporated

Dated: August 12, 2003                 By: /s/  John Fleming
                                       John Fleming, President