SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) MAY 18, 2000
THE FINANCIAL COMMERCE NETWORK, INC.
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(Exact Name of Registrant as Specified in Charter)
NEVADA 0-27971 22-2582276
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
63 WALL STREET, NEW YORK, NEW YORK 10005
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(Address if Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 742-9870
N/A
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
In June, 2000, the Registrant acquired StockChicken.com, Inc., a
Florida corporation ("StockChicken.com"), an entity that owns and operates a
website designed to provide investment education, financial newsletters,
real-time quotes, research reports and other personal finance-related services.
The acquisition occurred pursuant to an Acquisition Agreement (the "Acquisition
Agreement"), dated May 18, 2000, between the Registrant and StockChicken.com.
Pursuant to the Acquisition Agreement, on June 14, 2000 the Registrant
issued 200,000 shares of its common stock, comprising approximately .8% of its
voting shares, to stockholders of StockChicken.com in exchange for all of the
issued and outstanding shares of common stock of StockChicken.com. Upon
completion of the acquisition StockChicken.com became a wholly-owned subsidiary
of the Registrant. The Acquisition Agreement contains a "reset provision" for
the purchase price pursuant to which the Registrant must issue additional shares
of its common stock if, on the six-month anniversary of the Acquisition
Agreement, the bid price (as reported on the OTC Bulletin Board) for the
Registrant's common stock is below $2.00 per share for five consecutive trading
days.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
The financial statements of StockChicken.com required under this Item
shall be provided as soon as practicable as part of an amendment to this Current
Report on Form 8-K.
(b) PRO FORMA FINANCIAL INFORMATION.
The pro forma financial information required under this item shall be
provided as soon as practicable as part of an amendment to this Current Report
on Form 8-K.
(c) EXHIBITS.
Exhibit No. Description
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10. Acquisition Agreement, dated as of May 18,
2000, by and between the Registrant and
StockChicken.com.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE FINANCIAL COMMERCE NETWORK, INC.
Date: August 18, 2000 By: /s/ ARA PROUDIAN
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Ara Proudian
President
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