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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 12b-25
Notification of Late Filing
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[ ] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 20-F
[X] Form 10-QSB [ ] Form N-SAR
For the Period Ended: September 30, 2004
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
HOMENET CORPORATION
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(Full Name of Registrant)
FARADAY FINANCIAL, INC.
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(Former Name)
175 South Main, Suite 1240
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(Address of Principal Executive Office)
SLC, UT 84111
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(City, State and Zip Code)
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PART II - RULES 12B-25 (b) AND (c)
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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;
[X] (b) The subject annual report or semi-annual report, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report, 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.
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PART III - NARRATIVE
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State below in reasonable detail the reasons why the Form 10-KSB, 11-K, 20-F,
10-QSB or N-SAR or portion thereof could not be filed within the prescribed
time:
The registrant completed a reorganization on September 8, 2004. The registrant
has been unable to complete compilation and verification of certain financial
information relating to the reorganization that is necessary to complete the
filing and such information will not be available until after the date the
report is initially due.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Frank J. Gillen, (801) 502-6100
(2) Have all other periodic reports required (under Section 13 or 15(d) of
the Securities and 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 answer no, identify report(s).
[ ] YES [X] NO
The Company has not filed any of the quarterly reports on form 10-QSB
that were required to be filed during the preceding 12 months.
(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 statement 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 can not be made.
On or about August 2, 2004, the registrant, HomeNet Communications,
Inc. ("HCI") and Homenet Utah, Inc. ("HUI"), a wholly owned subsidiary
of the Company, entered into a Merger Agreement whereby HUI would be
merged into HCI ("Merger") with HCI to be the surviving corporation.
The separate existence of HUI would cease when the Merger became
effective. Consummation of the Merger was subject to a number of
contingencies. On August 23, 2004, the shareholders of HCI approved the
Merger and on September 8, 2004, the Merger was consummated. Prior to
the Merger, the registrant had no operations. HCI is a service provider
for the delivery of video, data, and voice services to the municipal
and government consumer markets. As a result, all financial information
relating to operating activities in the quarterly report will result
from the activities of HCI which have not been previously reported by
the registrant.
HomeNet Communications has caused this notification to be signed on its
behalf by the undersigned thereunto duly authorized.
Dated: November 15, 2004 HOMENET CORPORATION
By: /s/ Frank J. Gillen
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Frank J. Gillen, President
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ATTENTION
Intentional misstatements or omissions of act constitute
Federal Criminal Violations (See 18 U.S.C. 1001).
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