UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q
and Form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 2001
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[ ] 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 Instruction (on back page) 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
BASIC TECHNOLOGIES, INC.
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Full Name of Registrant
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Former Name if Applicable
1026 WEST MAIN STREET, SUITE 104
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Address of Principal Executive Office (Street and Number)
LEWISVILLE, TEXAS 75067
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City, State and Zip Code
PART II -- RULES 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)
[X] (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, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report of 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 Forms 10-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report portion thereof, could not be
filed within the prescribed time period.
DUE TO THE VIRUS-INDUCED CRASH OF THE COMPANY'S ACCOUNTING COMPUTER NET-
WORK DURING THE LAST WEEK OF APRIL, THE COMPANY'S AUDITOR WILL NOT BE
ABLE TO COMPLETE ITS REVIEW OF THE INTERIM FINANCIAL INFORMATION BY THE
FILING DEADLINE.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
BRYAN L. WALKER 972 436-3789
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(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 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 [ ]
If so, attach an explanation of the anticipated change, both narra-
tively and quantitatively, and, if appropriate, state the reasons why
a reasonable estimate of the results cannot be made.
IN YEAR-TO-DATE 2000, THE COMPANY REPORTED $410,000 OF REVENUES AND
$728,000 OF EXPENSES, FROM OIL WELL PLUGGING ACITIVITY. FOR YEAR-TO-
DATE 2001, THE COMPANY CONDUCTED NO PLUGGING ACTIVITIES BECAUSE OF
ONGOING LITIGATION. SEE PART 1, ITEM 3 OF THE COMPANY'S FORM 10KSB
FILED 10/02/2000.
BASIC TECHNOLOGIES, INC
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the under-
signed hereunto duly authorized.
Date: MAY 15, 2001 By: /S/ BRYAN L. WALKER
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PRESIDENT
INSTRUCTION: The form may be signed by an executive officer of the
registrant of by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath
the signature. If the statement is signed on behalf of the registrant
by an authorized representative (other than an executive officer), evi-
dence of the representative's authority to sign on behalf of the regis-
trant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the
General Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and amend-
ments thereto must be completed and filed with the Securities and
Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3
of the General Rules and Regulations under the Act. The information con-
tained in or filed with the form will be made a matter of public record
in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which any class of
securities of the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but
need not restate information that has been correctly furnished. The
form shall be clearly identified as an amended notification.
5. Electronic filers. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties.
Filers unable to submit a report within the time period prescribed due
to difficulties in electronic filing should comply with either Rule 201
or Rule 202 of Regulation S-T (section 232.201 or section 232.202 of
this chapter) or apply for an adjustment in filing date pursuant to Rule
13(b) of Regulation S-T (section 232.13(b) of this Chapter).