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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Date of Report (Date of earliest event reported) AUGUST 28, 2000
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CIMARRON-GRANDVIEW GROUP, INC.
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(Exact name of registrant as specified in its charter)
WASHINGTON 1-1337 91-0684860
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
601 W. MAIN AVENUE, STE. 714 SPOKANE, WA 99201-0677
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(Address of principal executive offices)
Registrant's telephone number, including area code (509) 455-9077
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N/A
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
Share Exchange Agreement
On August 26, 2000, Cimarron-Grandview Group, Inc. (Electronic Bulletin Board:
CGOI) entered into an agreement to acquire Full Moon Universe, Inc. for common
stock.
The agreement, structured as a share exchange, calls for a 1:30 reverse split of
the 16,856,527 shares of Cimarron currently outstanding. Each Cimarron
shareholder will receive of one share of stock for each thirty shares currently
owned. After the reverse split there will be approximately 561,884 Cimarron
shares outstanding. The share exchange with Full Moon will follow the reverse
split resulting in the issuance of 3,184,010 Cimarron shares to the current Full
Moon shareholders. After completion of the share exchange current Cinmaron
shareholders will own approximately 15% of the shares and current Full Moon
shareholders will own 85% of the shares in the reorganized company. The
transaction is subject to approval of the shareholders of each company.
Full Moon Universe, Inc., a California corporation incorporated in 1999 in
engaged in the production and distribution of motion pictures for release
directly to video. According to the company's unaudited financial statements,
Full Moon had revenues of approximately $880,500 and pre-tax income of
approximately $415,000 for the six month period ended June 30, 2000.
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.
CIMARRON-GRANDVIEW GROUP, INC.
Date: August 29, 2000 By: /s/ Gregory B. Lipsker
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Gregory B. Lipsker, President