UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT,
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of Earliest Event Reported):
February 2, 2005
clickNsettle.com, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-21419 25-2753988
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
1010 Northern Boulevard
Great Neck, New York 11021
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (516) 829-4343
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Index to Current Report on Form 8-K of
clickNsettle.com, Inc.
February 2, 2005
Item Page
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Item 3.01 Notice of Failure to Satisfy Continued Listing Standards 3
Signatures 4
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Item 3.01 Notice of Failure to Satisfy Continued Listing Standards
On February 2, 2005, clickNsettle.com, Inc. (the "Company") was informed by the
Boston Stock Exchange ("BSE") that the Company's listing thereon would be
suspended as of the close of trading that day. The suspension is due to the fact
that the Company, after the sale of its sole operating business, is no longer in
compliance with the BSE's requirements of $1,000,000 in total assets and
$500,000 in shareholders' equity. However, the BSE has agreed to provide a
90-day extension through May 2, 2005. If the Company were to regain compliance
on or before that day, the Company's stock would not be delisted from the BSE.
The Company continues to search for a new operating business to acquire and
should this transaction be completed prior to May 2, 2005, the Company believes
it would regain compliance with the BSE's requirements. There can be no
assurance that it will find a suitable business.
The Company's common stock continues to be quoted on the OTC Bulletin Board
under the stock symbol CLIK.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned, hereunto duly authorized.
clickNsettle.com, Inc.
By: /s/ Roy Israel
Name: Roy Israel
Title: Chief Executive Officer and President
By: /s/ Patricia Giuliani-Rheaume
Name: Patricia Giuliani-Rheaume
Title: Chief Financial Officer and Vice President
Date: February 8, 2005
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