NT 10-Q 1 j1250_nt10q.htm NT 10-Q

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

ý Form 10-Q

o Form N-SAR

 

 

For Period Ended:

March 31, 2003

 

 

 

 

o Transition Report on Form 10-K

 

o Transition Report on Form 20-F

 

o Transition Report on Form 11-K

 

o Transition Report on Form 10-Q

 

o Transition Report on Form N-SAR

 

For the Transaction Period Ended:

 

 

 

 

 

 

 

 

Read Instruction (on back page) 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:

 

 

PART I - REGISTRANT INFORMATION

I-LINK INCORPORATED

Full Name of Registrant

 

 

Former Name if Applicable

 

9775 Business Park Avenue

Address of Principal Executive Office (Street and Number)

 

San Diego , California  92131

City, State and Zip Code


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)

ý

(a)

The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

ý

(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 of 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

o

(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 Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.

See Attached Exhibit A

 

PART IV - OTHER INFORMATION

 

(1)

Name and telephone number of person to contact in regard to this notification

 

 

Gary M. Clifford

 

416

 

866-8170

 

(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 answer is no, identify report(s).

ý Yes

o 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?

ý Yes

o 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.

 

 

See Attached Exhibit B

 

 

 

I-LINK INCORPORATED

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date

May 15, 2003

 

By

/s/ Gary M. Clifford

 

 

 

 

 

Gary M. Clifford

 

 

 

 

Chief Financial Officer

 

 

 

 

 

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

 

ATTENTION

 

INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS
(SEE 18 U.S.C. 1001).

 

GENERAL INSTRUCTIONS

 

1.                               This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules and Regulations under the Securities Exchange Act of 1934.

2.                               One signed original and four conformed copies of this form and amendments thereto must be completed and filed with the Securities and Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General Rules and Regulations under the Act.  The information contained in or filed with this form will be made a matter of public record in the Commission file.

3.                               A manually signed copy of the form and amendments thereto shall be filed with each national securities exchange on which any class of securities of the registrant is registered.

4.                               Amendments to the notifications must also be filed on Form 12b-25 but need not restate information that has been correctly furnished.  The form shall be clearly identified as an amended notification.

5.                               Electronic Filers.  This form shall not be used by electronic filers unable to timely report a report solely due to electronic difficulties.  Filers unable to submit a report within the time period prescribed due to difficulties in electronic filing should comply with either Rule 201 or Rule 202 of Regulation S-T or apply for an adjustment in filing date pursuant to Rule 13(b) or Regulation S-T.

 

EXHIBIT A

 

PART III - NARRATIVE

 

The unaudited financial statements of I-Link Incorporated (the “Registrant”) will not be completed by May 15, 2003, the last day for a timely filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2003.

 

The Registrant was unable to compile information required for complete and accurate disclosure as required by Form 10-Q and Regulation S-X in order to timely file Form 10-Q.

 

The Registrant undertakes to file its Form 10-Q no later than the fifth day following the due date.

 

 

EXHIBIT B

 

PART IV (3)

 

The Company anticipates that its results of operations from continuing operations for the quarter ending March 31, 2003 will reflect a net loss less than its reported net loss from continuing operations for the quarter ended March 31, 2002.  The Company anticipates that its net loss (including discontinued operations) for the quarter ending March 31, 2003 will also be less that the net loss (including discontinued operations) for the quarter ended March 31, 2002.  The decrease in the net loss is primarily due to a decrease in our loss from discontinued operations related to our agreement, in December 2002, to sell the operations of our subsidiary I-Link Communications, Inc.  The ultimate impact on operations for the quarter ended March 31, 2003 is presently being determined and accordingly cannot be quantified as of this date.