SEC Filing Summary: Medina Coffee, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Medina Coffee, Inc., a Nevada corporation, on June 14, 2004. The filing discloses a material change in control of the registrant and a concurrent change in the Board of Directors. Note: The request metadata referenced "CBAK Energy Technology, Inc.", but the source text explicitly identifies the registrant as "Medina Coffee, Inc."
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to the specific transaction described below:
- Transaction Consideration: $115,000 for the purchase of shares.
- Expense Reimbursement: $1,050 paid to the seller for transaction-related expenses.
- Share Price Implied: Approximately $0.196 per share ($115,000 / 586,224 shares).
Material Changes Versus Prior Period
The primary material change is a shift in corporate control:
- Change in Control: Mr. Harry Miller sold 586,224 restricted common shares to Halter Financial Group, Inc. ("Halter").
- Ownership Stake: The shares sold represent approximately 51% of the issued and outstanding shares of the Corporation.
- Board Composition: Mr. Harry Miller resigned from the Board of Directors and as an officer. Mr. Tim Halter was appointed to the Board in his place.
Guidance, Outlook, and Management Commentary
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. Management commentary is limited to the nature of the transaction:
- The consideration was determined through arms-length negotiation.
- Mr. Miller's resignation was a business decision and not due to any disagreements regarding the Corporation's operations, policies, or practices.
Key Facts for Investor Verification
- Verify the current ownership structure to confirm Halter Financial Group, Inc. holds a 51% controlling interest.
- Confirm the appointment of Mr. Tim Halter to the Board of Directors and the removal of Mr. Harry Miller.
- Review the press release (Exhibit 99.1) for additional context on the strategic intent of the acquisition.
- Note that this filing does not contain audited financial statements or results of operations.