Aha, MCYC is reporting after all, under the name Health Builders International.
I was mistaken when I previous thought they were not reporting. Thanks to the Chris Byron article for helping me figure this out.
Since the reverse merger, they have filed one 8-k to report on the merger:
edgar-online.com
There are no financial statements in here, but it does tell you how the firm runs and its history. It started as a German co. in Berlin, and then opened an office in NYC where it mostly has free-lance employees working on commission to try to get contracts, while a dozen people in Berlin run a "digitization factory" to encode music from conventional media like CD's. I suppose this means that what you listen to will never be as good as a CD.
The 8k tells how the German CEO controls 84% of the votes, by the scheme of his owning 1 M shares of preferred stock with 100 votes per share. This reminds me of German businesses, where typical shareholders have far less control than even the meager influence they have in the U.S.
Here's an excerpt from the 8k:
The following table sets
forth the persons who serve as the directors and executive officers of the
Company.
MCY.com, Inc.
Name Position
Bernhard Fritsch Chairman of the Board, Chief Executive Officer,
President and Director
James Burger Treasurer
Lisa Short Secretary
Hubertus von Hesse Director
Bernhard Fritsch, 37, has been Chairman of the Board, Chief Executive
Officer, President and a Director of MCY since its formation and of the Company
since August 2, 1999. Mr. Fritsch also served as President and Chief Executive
Officer of Datatek Services Limited from its formation in 1997 until June 1999.
In 1991, Mr. Fritsch founded Fritsch and Friends Mediagroup GmbH, a company
which functioned as a high-end audio post-production house and also maintained a
significant presence in multimedia content production , sales and distribution.
From 1989 to 1991, Mr. Fritsch served on the executive management team of Harman
International where he worked to develop and execute their digital equipment
marketing strategy. Prior to 1989, Mr. Fritsch worked on radio and television
audio productions in West Berlin. Mr. Fritsch received
a Tonmeister Degree from the Technical University of Berlin. For the past six
years, Mr. Fritsch has been a guest lecturer in New York University's
graduate-level studies in Music Technologies.
James Burger, age 31, has been General Manager and Corporate Treasurer of
MCY since its formation and of the Company since August 2, 1999. Prior to
joining the Company, Mr. Burger spent 3 years in Europe with A.T. Kearney
Management Consultants, where he worked on several projects in the areas of
financial management, strategic planning, organizational redesign and
operations. From 1991 to 1993, Mr. Burger worked with a boutique consulting firm
in the Czech Republic, where he conducted enterprise valuations and helped small
and medium-sized enterprises develop strategic and financial plans for their
privatization. Mr. Burger holds an M.B.A. from the M.I.T. Sloan School of
management and a B.A. from Yale University.
Lisa Short has been the Secretary of MCY since its formation and of the
Company since August 2, 1999. Ms. Short joined the MCY management team in June
1997 as the first employee in the New York Office. Under her direction, MCY
operations were shifted from Berlin to the new headquarters in New York City.
Since the start up of the New York Office, Ms. Short has implemented strategic
partnerships and alliances, communications direction and strategy and has set-up
a public relation network for the company as it moves forward. In 1996, Ms.
Short served in a public relation role in organizing and overseeing radio spots,
promotional material distribution and sponsorship organization for a mid-sized
Salt Lake City-based production studio. Ms. Short holds a Bachelor of Arts
Degree in French and Spanish from the University of Oregon. She has also studied
in Switzerland, France and Spain.
Hubertus von Hesse was appointed a Director of MCY on June 16, 1999 and as
a Director of the Company since August 2, 1999. Mr. v. Hesse, a founding partner
of the law firm of Merleker and v. Hesse, advises in commercial, corporate and
real estate law. He has been advising MCY on legal matters since its
incorporation. After a two year training since 1979 at Hypovereinsbank AG/Munch
he studied law at Munich Ludwig-Maximilians-University and University of
Lausanne. He received his law degree from Munich LMU. Mr. v. Hesse passed the
First state exam in 1986 and the Second (final) in 1989. He was admitted to the
Bar in Berlin in 1990.
Upon the consummation of the Merger, the new Officers and Directors of the
Registrant as a group (4 persons) owned as a group 24,190,568 shares or 50.8% of
the Common Stock and 1,000,000 share of Preferred Stock, which in the aggregate,
represents a combined 84% of the outstanding voting securities of the
Registrant, exclusive of any options. |
