IN Veritas Medical Diagnostics, Inc. - Notification that Annual Report will be submitted late
29 Octubre 2007 - 12:19PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
12b-25
Commission
File Number 000-49972
NOTIFICATION
OF LATE FILING
x
Form
10-K
|
o
Form
11-K
|
o
Form
20-F
|
o
Form
10-Q
|
o
Form
N-SAR
|
|
|
|
For
Period Ended: July 31,
2007
o
Transition
Report on Form 10-K
|
o
Transition
Report on Form 10-Q
|
o
Transition Report
on Form 20-F
|
o
Transition
Report on Form N-SAR
|
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:
|
In
Veritas Medical Diagnostics, Inc
|
Former
name if applicable:
|
|
Address
of principal executive office:
|
The
Greenhouse, Beechwood Business Park North
|
City,
state and zip
code:
|
Inverness,
Scotland IV2 3BL
|
PART
II
RULE
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;
|
T
|
(b)
|
The
subject annual report, semi-annual report, transition report on Form
10-K,
20-F, 11-K or Form 10-Q, or portion thereof will be filed on or before
the
15
th
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 Form 10-K, 11-K, 20-F, 10-Q, N-SAR or the transition report portion
thereof could not be filed within the prescribed time period.
The
registrant is in the process of preparing and reviewing the financial
information of the Company on a consolidated basis. The process of
compiling and disseminating the information required to be included in the
Form
10-KSB for the relevant fiscal year, as well as the completion of the required
review of the Company’s financial information on a consolidated basis, could not
be completed without incurring undue hardship and expense. The
registrant undertakes the responsibility to file such quarterly report no later
than fifteen days after its original due date.
PART
IV
OTHER
INFORMATION
(1)
|
Name
and telephone number of person to contact in regard to this
notification.
|
Martin
Thorp
|
(011
44)
|
207-499-1730
|
(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).
|
T
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?
|
T
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.
For
the
year ended July 31, 2006, the registrant had revenues of $1,271,130 and a net
loss of $1,848,797; for the year ended July 31, 2007, the registrant had
revenues of $0 and a net loss of approximately $3,500,000. Results
for the year ended July 31, 2007 remain subject to further adjustment and actual
results may vary significantly from the foregoing estimates. The
reduction in revenues is attributable to the ending of a revenue generating
development. The increase in net loss is attributable to an absence
of revenues, greater focus on research and development activity and an increase
in interest expense charged during the year.
In
Veritas Medical Diagnostics, Inc.
Name
of Registrant as Specified in Charter.
Has
caused this notification to be signed on its behalf by the undersigned thereunto
duly authorized.
|
|
|
|
Date:
October
29, 2007
|
By:
|
/s/
Martin
E.
Thorp
|
|
|
|
Name:
Martin E. Thorp
|
|
|
|
Title:
Chief Financial
Officer
|
|
|
|
|
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