U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number 000-28575
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K/KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q/QSB
[ ] Form N-SAR
For the Period Ended: December 31, 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:
PART I
REGISTRANT INFORMATION
GLOBAL AIRCRAFT SOLUTIONS, INC.
-------------------------------
Full Name of Registrant
RENEGADE VENTURE (NEV) CORPORATION
----------------------------------
Former Name if Applicable
P.O. BOX 23009, 6901 S. PARK AVE.
---------------------------------
Address of Principal Executive Office (Street and Number)
TUCSON, AZ 85706
----------------
City, State and Zip Code
PART II
RULE 12b-25(a), (b) and (c)
The Registrant makes the following representations with respect to filing this
Form 12b-25:
(a) The reasons causing the inability to file timely could not be
eliminated without unreasonable effort or expense.
(b) The subject annual report, on Form 10-KSB for the year ended December
31, 2005 will be filed on or before the 15th calendar day following the
prescribed due date.
(c) The accountant's statement required by rule 12b-25 (c) has been
attached as Exhibit A.
PART III
NARRATIVE
State below in reasonable detail why the Form 10-KSB, could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Registrant hereby represents that it is unable to file its Annual
Report on Form 10-KSB for the period ended December 31, 2005 without
unreasonable effort or expense. The new Auditor for the Company requires
additional time to complete the preparation of the annual financial statements
for 2005 to be included therein because additional time is required for the
Auditor to complete its assessment of the financial statements of JetGlobal
which is a limited liability company of which the Company became a 30% member in
2005 in furtherance of the Company's aircraft trading operations. The auditor's
inability to complete it's audit of Company's consolidated financial statements
within the necessary period of time is further evidenced by the statement of the
auditor which is attached hereto as Exhibit A. The Registrant further represents
that the Form 10-KSB will be filed by no later than the 15th day following the
date on which the Form 10-KSB was due.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Ian Herman, CFO
(520) 275-6059
(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). [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? [ ] Yes [X] No
Global Aircraft Solutions, Inc. has caused this notification to be signed on
its behalf by the undersigned officer, thereunto duly authorized.
Date: March 31, 2006 Global Aircraft Solutions, Inc.
By: /s/ Ian Herman
Title: C.F.O.
Exhibit A
STATEMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
----------------------------------------------------------
As of March 31, 2006, we are unable to provide our opinion on our audit of
Global Aircraft Solutions, Inc. (File No. 0-28575) as of and for the year ended
December 31, 2005, to be included in Form 10-KSB due to additional time required
to complete audit procedures on JetGlobal, an unconsolidated subsidiary.
/s/ Epstein, Weber & Conover P.L.C.
Scottsdale, Arizona
March 31, 2006