-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DMh2Ubywm029MU28S+4NGJq24HWApC/Ah0QU5S+MdlucHZn2b/VftNPaq3bS+6QJ QkY6VbFbjvdZMjAPY13AXw== 0000950159-08-000563.txt : 20080327 0000950159-08-000563.hdr.sgml : 20080327 20080327154017 ACCESSION NUMBER: 0000950159-08-000563 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080327 DATE AS OF CHANGE: 20080327 GROUP MEMBERS: OLD MASTER CAPITAL, LLC GROUP MEMBERS: OLD MASTER GIOTTO FUND LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MBI Financial, Inc. CENTRAL INDEX KEY: 0000051511 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 751310613 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31793 FILM NUMBER: 08715021 BUSINESS ADDRESS: STREET 1: 1845 WOODALL RODGERS FRWY STREET 2: SUITE 1225 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-468-0000 MAIL ADDRESS: STREET 1: 1845 WOODALL RODGERS FRWY STREET 2: SUITE 1225 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: LOCAL TELECOM SYSTEMS INC DATE OF NAME CHANGE: 20020528 FORMER COMPANY: FORMER CONFORMED NAME: SIGNATURE MOTORCARS INC DATE OF NAME CHANGE: 19990728 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL ROYALTY & OIL CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Old Master Cimabue Holdings, LTD CENTRAL INDEX KEY: 0001384777 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O MARICORP SERVICES LTD STREET 2: PO BOX 2075 CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-1105 BUSINESS PHONE: 345 949 9710 MAIL ADDRESS: STREET 1: C/O MARICORP SERVICES LTD STREET 2: PO BOX 2075 CITY: GEORGE TOWN, GRAND CAYMAN STATE: E9 ZIP: KY1-1105 SC 13G/A 1 oldmaster13ga.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------------------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) (Amendment No. 1)(1) MBI Financial Inc. (Name of Issuer) Common Stock, Par Value $0.0167 ------------------------------- -------------------------------- (Title of Class of Securities) 82668A 10 8 ----------------------------------------------- ------------ (CUSIP NUMBER) March 25, 2008 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: / / Rule 13d-1(b) /X/ Rule 13d-1(c) / / Rule 13d-1(d) 1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
- -------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS: Matthew Kishlansky I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5. SOLE VOTING POWER 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 6. SHARED VOTING POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - --------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! 2
- -------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS: Old Master Capital, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5. SOLE VOTING POWER 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 6. SHARED VOTING POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - --------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! 3
- -------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS: Old Master Giotto Fund Ltd. I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) N/A - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5. SOLE VOTING POWER 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 6. SHARED VOTING POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - --------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! 4
- -------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS: Old Master Cimabue Holdings, Ltd I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- NUMBER OF SHARES 5. SOLE VOTING POWER 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 6. SHARED VOTING POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 7. SOLE DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT!
5 Item 1(a). Name of Issuer: MBI Financial, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 1845 WOODALL RODGERS FRWY SUITE 1225 DALLAS TX 75201 Item 2(a). Name of Persons Filing: Matthew Kishlansky Old Master Capital, LLC Old Master Giotto Fund Ltd. Old Master Cimabue Holdings, Ltd. (collectively, the "Reporting Persons") Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business address of Old Master Capital, LLC and Matthew Kishlansky is: 152 West 57th Street 6th Floor New York, New York 10038 The principal business address of Old Master Giotto Fund Ltd. is: c/o Maricorp Services Ltd. 4th Floor, West Wind Building 70 Harbor Drive PO Box 2075GT George Town, Grand Cayman Cayman Islands, British West Indies The principal business address of Old Master Cimabue Holdings, Ltd. is: c/o Maricorp Services Ltd. 4th Floor, West Wind Building 70 Harbor Drive PO Box 2075GT George Town, Grand Cayman Cayman Islands, British West Indies 6 Item 2(c). Citizenship: Old Master Capital, LLC - United States of America Old Master Giotto Fund Ltd. - Cayman Islands Old Master Cimabue Holdings, Ltd. - Cayman Islands Item 2(d). Title of Class of Securities: Common Stock, Par Value $0.0167 Item 2(e). CUSIP Number: 82668A 10 8 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not Applicable (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act; (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Exchange Act; (d) [ ] Investment Company registered under Section 8 of the Investment Company Exchange Act; (e) [ ] Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] Parent Holding Company or Control Person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] Saving Association as defined in Section 3(b) of The Federal Deposit Insurance Act; (i) [ ] Church Plan that is excluded from the definition of an Investment Company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). 7 Item 4. Ownership. A. Matthew Kishlansky
(a) Amount beneficially owned: 0 (b) Percent of Class: 0% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii)Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of 0 B. Old Master Capital, LLC (a) Amount beneficially owned: 0 (b) Percent of Class: 0% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii)Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of 0 C. Old Master Giotto Fund Ltd. (a) Amount beneficially owned: 0 (b) Percent of Class: 0% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii)Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of 0 D. Old Master Cimabue Holdings, Ltd. (a) Amount beneficially owned: 0 (b) Percent of Class: 0% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii)Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0
Old Master Cimabue Holdings, Ltd. acquired warrants to purchase up to 1,720,595 shares of common stock of the Issuer on December 27, 2006. Old Master Giotto Fund Ltd. (the "Fund") owns 100% of the outstanding shares of Old Master Cimabue Holdings, Ltd. Old Master Capital, LLC is the investment manager of Old Master Giotto Fund Ltd. Matthew Kishlansky is the managing member of Old Master Capital, LLC. Pursuant to an agreement between the Fund and the Issuer related to the liquidation of the Fund, the warrants have been cancelled. 8 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following [ X ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 25, 2008 /s/ Matthew Kishlansky ---------------------- Matthew Kishlansky OLD MASTER CAPITAL, LLC 9 By: /s/ Matthew Kishlansky ---------------------- Name: Matthew Kishlansky Title: Managing Member OLD MASTER GIOTTO FUND LTD. By: /s/Aldo Ghisletta ----------------------- Name: Aldo Ghisletta Title: Director OLD MASTER CIMABUE HOLDINGS, LTD. By:Old Master Giotto Fund Ltd., its director By:/s/Aldo Ghisletta -------------------- Name: Aldo Ghisletta Title: Director EXHIBIT INDEX Exhibits: 1. Joint Filing Agreement, dated March 25, 2008, among Matthew Kishlansky Old Master Capital, LLC, Old Master Giotto Fund Ltd. and Old Master Cimabue Holdings, Ltd. 10 EXHIBIT 1 JOINT FILING AGREEMENT The undersigned hereby agree that this Amendment No 1 Statement on Schedule 13G with respect to the beneficial ownership of shares of Common Stock of MBI Financial, Inc., is filed jointly, on behalf of each of them. Dated: March 25, 2008 /s/ Matthew Kishlansky --------------------------- Matthew Kishlansky OLD MASTER CAPITAL, LLC By: /s/ Matthew Kishlansky _______________________ Name: Matthew Kishlansky Title: Managing Member OLD MASTER GIOTTO FUND LTD. By: /s/Aldo Ghisletta ------------------------ Name: Aldo Ghisletta Title:Director OLD MASTER CIMABUE HOLDINGS, LTD. By: Old Master Giotto Fund Ltd., its director By:/s/Aldo Ghisletta ----------------- Name: Aldo Ghisletta Title: Director 11 -----END PRIVACY-ENHANCED MESSAGE-----