0001144204-12-030134.txt : 20120516 0001144204-12-030134.hdr.sgml : 20120516 20120516170144 ACCESSION NUMBER: 0001144204-12-030134 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120516 DATE AS OF CHANGE: 20120516 EFFECTIVENESS DATE: 20120516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AgFeed Industries, Inc. CENTRAL INDEX KEY: 0001331427 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - LIVESTOCK & ANIMAL SPECIALTIES [0200] IRS NUMBER: 202597168 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33674 FILM NUMBER: 12849458 BUSINESS ADDRESS: STREET 1: 744 HORIZON COURT, STREET 2: SUITE 350 CITY: GRAND JUNCTION, STATE: CO ZIP: 81506 BUSINESS PHONE: 970-245-9410 MAIL ADDRESS: STREET 1: 744 HORIZON COURT, STREET 2: SUITE 350 CITY: GRAND JUNCTION, STATE: CO ZIP: 81506 FORMER COMPANY: FORMER CONFORMED NAME: Agfeed Industries, Inc DATE OF NAME CHANGE: 20061122 FORMER COMPANY: FORMER CONFORMED NAME: Wallace Mountain Resources Corp. DATE OF NAME CHANGE: 20050627 NT 10-Q 1 v313609_nt10q.htm FORM NT 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

Commission File #001-33674

CUSIP # 00846L 10 1

NOTIFICATION OF LATE FILING


(Check One):	¨ Form 10-K	¨ Form 20-F	¨ Form 11-K	x Form 10-Q
¨ Form 10-D	¨ Form N-SAR	¨ Form N-CSR

For Period Ended: March 31, 2012

¨ 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

AgFeed Industries, Inc.

Full Name of Registrant

Former Name if Applicable

744 Horizon Court, Suite 350

Address of Principal Executive Office (Street and Number)

Grand Junction, Colorado 81506

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)

	(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
	(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.

AgFeed Industries, Inc. (the Company”) is unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2012 within the prescribed time period without unreasonable effort or expense. As previously disclosed, on January 31, 2012, the Company announced that its special committee of the board of directors had completed its investigation into certain accounting issues in the Company’s animal nutrition and legacy farm hog operations in China. Also, as previously disclosed, the Company is in the process of restating its financial statements for unaudited financial statements for the quarters ended March 31 and June 30, 2011 and June 30, 2010, as well as its audited financial statements for the years ended December 31, 2010, 2009 and 2008. Due to its ongoing work in connection with restating certain financial statements, the Company is unable to predict when it will be in a position to file its Quarterly Report on Form 10-Q for the year ended March 31, 2012. The Company intends to submit such filing as soon as practicable.

Safe Harbor Statement

This notice contains certain forward-looking statements” relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are forward-looking statements” including statements regarding: the timing, duration and outcome of its work in connection with restating certain financial statements; the Company's business and operations; business strategy, plans, and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as believes,” expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this filing. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. For additional information and risk factors that could affect the Company, see its filings with the Securities and Exchange Commission. The information contained in this filing is made as of the date hereof, even if subsequently made available by the Company on its website or otherwise.

PART IV — OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification

Clayton T. Marshall	515	233-1220

(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).

¨ No þ Yes

(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?

¨ No** ¨ Yes

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.

** Given that Company’s work in connection with the restatements of its financial statements is ongoing, the Company cannot at this time predict whether this work will require any adjustments to the Company’s financial statements for the period ended March 31, 2012 and, if so, is unable at this time to reasonably estimate whether any significant change in its results of operations for the period ended March 31, 2011 will be reflected by the earnings statements to be included in its Quarterly Report on Form 10-Q for the year ended March 31, 2012.

AgFeed Industries, 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	May 16, 2012	By	/s/ Clayton T. Marshall
			Name: Clayton T. Marshall
			Title: Chief Financial Officer