NT 10-Q 1 welundnt10q063005.htm WELUND FUND, INC. FORM NT 10-Q (12B-25) Welund Fund, Inc. Form NT 10-Q (12b-25)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 12b-25
NOTIFICATION OF LATE FILING

 
(Check one):
  o
  Form 10-K  
  o
  Form 20-F    
  o
  Form 11-K   
  þ
  Form 10-Q   
  o
  Form N-SAR 
  o
  Form N-CSR

 
For Period Ended:   June 30, 2005
     
[  ]
  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 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: N/A


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PART I
REGISTRANT INFORMATION

Full Name of Registrant:
Welund Fund, Inc.
   
Former Name if Applicable:
N/A

Address of Principal Executive Office

Street and Number:
1940 Zinfandel Drive, Suite C
City, State and Zip Code:
Rancho Cordova, CA 95670


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 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;
         
 þ
 
  
(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 or 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 and Form 10-KSB, 11-K, 20-F, Form 10-Q and Form 10-QSB, N-SAR, or the transition report or portion thereof could not be filed within the prescribed period. (Attach extra sheets if needed)

The quarterly report of the registrant on Form 10-QSB could not be filed because management requires additional time to compile and verify the data required to be included in the report. The report will be filed within five calendar days of the date the original report was due.


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PART IV
OTHER INFORMATION

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

Robert Freiheit
(916)
768-2160
(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 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.

  On March 30, 2005, we completed the purchase of a pool of auto loans, therefore changing the operations of the Company. Accordingly, results for the quarter ended June 30, 2005 are not comparable to the corresponding period for 2004. We anticipate the results for the quarter ended June 30, 2005 will include revenue of approximately $9,100 and a net loss in excess of $57,000. Included in the net loss is a charge of $50,000 for share-based compensation.
 

WELUND FUND, 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, 2005
  
By: /s/ Robert Freiheit
     
Name:
Robert Freiheit
     
Title:
Chief Executive Officer,
       
Financial Officer, and
       
Member of the Board of
       
Directors
 
 

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