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SEC FILE NUMBER | ||
000-26347 | ||
CUSIP NUMBER | ||
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one): | o Form 10-K o Form 20-F o Form 11-K þ Form 10-QSB o Form 10-D o Form N-SAR o Form N-CSR | |||||
For Period Ended: | September 30, 2006 | |||||
o Transition Report on Form 10-K | ||||||
o Transition Report on Form 20-F | ||||||
o Transition Report on Form 11-K | ||||||
o Transition Report on Form 10-Q | ||||||
o 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
Sun New Media, Inc.
Full Name of Registrant
SE Global Equities, Inc.
Former Name if Applicable
1120 Avenue of the Americas - 4th Floor, Suite 4045
Address of Principal Executive Office (Street and Number)
New York, New York 10036
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)
þ | (a) | The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense | |||
o | (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and | |||
o | (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 why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
As disclosed in a Current Report on Form 8-K dated November 8, 2006 filed by Sun New Media, Inc. on November 13, 2006 (the “Company”), on November 8, 2006, the Company’s management and the Audit Committee of the Board of the Company were appraised by Grant Thornton Hong Kong, the Company’s new registered independent public accounting firm, of certain concerns regarding the Company’s previously issued financial statements. At this point, the Company is unable to determine the range of the potential financial statement adjustments. Given the time required for these matters to be reviewed, the Company does not expect to be able to file its Quarterly Report on Form 10-QSB for the quarter ended September 30, 2006 on a timely basis, nor does it expect that it will be filed on or before the fifth calendar following the required filing date, as prescribed in Rule 12b-25. The Company intends to become current on the filing of its periodic reports required under the Securities Exchange Act of 1934, as amended, as soon as practicable following the completion of the review of the issues that have been raised and the finalization of any required restated financial statements.
SEC 1344 (03-05) | Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
(Attach extra Sheets if Needed)
PART IV — OTHER INFORMATION
PART IV — OTHER INFORMATION
(1) | Name and telephone number of person to contact in regard to this notification |
Thomas A. Schuler, Chief Financial Officer | (212) | 626-6752 | ||
(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). | |
Yes þ No o | ||
(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 þ No o | ||
Please refer to the disclosure under the Part III Narrative above. | ||
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. |
Sun New Media, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date | November 14, 2006 | By | /s/ Thomas A. Schuler | |||
Thomas A. Schuler Chief Financial Officer |
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