Xavier,
I could go for a copy of the e-mail if it is still available. My e-mail address is available in my profile. thank you in advance for any help you may provide.
Here's what I got at Edgar :
>> NATIONAL AFFILIATED CORP
BUSINESS ADDRESS:
STREET 1: 1500 LEE ST STE A
STREET 2: PO BOX 12190
CITY: ALEXANDRIA
STATE: LA
ZIP: 71315
BUSINESS PHONE: 8006732220
NOTIFICATION OF LATE FILING
PART I - REGISTRANT INFORMATION
NATIONAL AFFILIATED CORPORATION
Full Name of Registrant
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-KSB, Form 20-F, 11K, 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 the
Form 10-QSB, 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 is applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-KSB, 11-K,
10-QSB, N-SAR, or the transition report or portions thereof, could not be filed
with the prescribed time period. (Attach Extra Sheets if Needed)
The registrant is in the process of closing acquisitions which need to be
disclosed in the report. The final report should be ready and filed by
November 24, 1997.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
T BRENT CHAPEL(888)984-0800
(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 reports) been filed?
If answer is no identify report(s).
YES X NO
(3) It is 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 NO X
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 cannot be made.
Date:November 14, 1997By:/S/ T Brent Chapel
T Brent Chapel
CHIEF FINANCIAL OFFICER
INSTRUCTION: The form may be signed by an executive officer of the
registrant or 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 the executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed with the form.
______________________________________________________
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001)
______________________________________________________<<
Thats the summary of the filing; the complete text can be had at :
sec.gov
I spoke with a representative at National Affiliated, they confirmed that "shareholders will be very pleased with the recent outcome of legal matters". I still like it, based on managements taking a pay cut despite bringing on board some respectable names, making a commitment to get funding then using it almost immediately to cherry-pick apparently ripe targets, and dumping the fat and picking up new potential money making segments of the market.
I have seen no insider trader filings pass through Edgar inthe past 6 months; my guess is that the management is in the same boat as we are, and will be working to make the thing do a lot more than just float.
I am in at an average price of $1.75, to make it clear I am at a loss, and hopeful the quarterly filing promises future success.
Regards, JB |
