SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
-------------------
AMENDMENT NO. 2
to
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Odyssey Pictures Corporation
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
676121-10-6
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(CUSIP Number)
Peter E. Van Son, Esq.
Watson, Farley & Williams
380 Madison Avenue
New York, NY 10017
212-922-2264
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 2, 1998
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1 (b)(3) or (4), check the following box |_|.
Note. Six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-1 (a) for other parties to whom
copies are to be sent.
(Continued on following pages)
(Page 1 of 11 Pages)
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CUSIP No. 676121-10-6 13D Page 2 of 11 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lecoutere Finance S.A. ("Lecoutere"), formerly known as Flanders Film S.A.
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2 Check the Appropriate Box If a Member of a Group
a. |_|
b. |X|
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3 SEC Use Only
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4 Source of Funds
WC
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
Luxembourg
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7 SOLE VOTING POWER 1,468,698 shares of Common Stock and
Number of 401,600 Warrants to purchase Common Stock (1,870,298
Shares shares in the aggregate)
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 SOLE DISPOSITIVE POWER 1,468,698 shares of Common Stock
and 401,600 Warrants to purchase Common Stock (1,870,298
shares in the aggregate)
--------------------------------------------------------
10 Shared Dispositive Power
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,468,698
shares of Common Stock and 401,600 Warrants to purchase Common Stock
(1,870,298 shares in the aggregate)
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented By Amount in Row (11)
25.3%
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14 Type of Reporting Person
OO
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2
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CUSIP No. 676121-10-6 13D Page 3 of 11 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Chardonnay Enterprises, Ltd. ("Chardonnay")
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2 Check the Appropriate Box If a Member of a Group
a. |_|
b. |X|
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3 SEC Use Only
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4 Source of Funds
WC
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
Luxembourg
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7 SOLE VOTING POWER
Number of
Shares
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 SOLE DISPOSITIVE POWER
--------------------------------------------------------
10 Shared Dispositive Power
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented By Amount in Row (11)
0%
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14 Type of Reporting Person
OO
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3
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CUSIP No. 676121-10-6 13D Page 4 of 11 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
A Hero From Zero N.V. ("Hero")
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2 Check the Appropriate Box If a Member of a Group
a. |_|
b. |X|
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3 SEC Use Only
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4 Source of Funds
WC
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
Luxembourg
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7 SOLE VOTING POWER
Number of
Shares 0
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 Shared Dispositive Power
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented By Amount in Row (11)
0%
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14 Type of Reporting Person
OO
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4
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CUSIP No. 676121-10-6 13D Page 5 of 11 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Gold Leaf Pictures Belgium b.v.b.a. ("Gold Leaf")
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2 Check the Appropriate Box If a Member of a Group
a. |_|
b. |X|
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3 SEC Use Only
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4 Source of Funds
WC
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
Belgium
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7 SOLE VOTING POWER
Number of
Shares 0
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 Shared Dispositive Power
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented By Amount in Row (11)
0%
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14 Type of Reporting Person
OO
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5
<PAGE>
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CUSIP No. 676121-10-6 13D Page 6 of 11 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Johan Schotte (individual)
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2 Check the Appropriate Box If a Member of a Group
a. |_|
b. |X|
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3 SEC Use Only
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4 Source of Funds
PF
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
Belgium
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7 SOLE VOTING POWER 125,000 shares of Common Stock and
Number of 228,385 Warrants to purchase Common Stock (353,385
Shares shares in the aggregate)
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 SOLE DISPOSITIVE POWER 125,00 shares of Common Stock and
228,385 Warrants to purchase Common Stock (353,385
shares in the aggregate)
--------------------------------------------------------
10 Shared Dispositive Power
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 125,000
shares of Common Stock and 228,385 Warrants to purchase Common Stock
(353,385 shares in the aggregate)
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented By Amount in Row (11)
4.8%
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14 Type of Reporting Person
IN
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6
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CUSIP No. 676121-10-6 13D Page 7 of 11 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Media Trust S.A.
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2 Check the Appropriate Box If a Member of a Group
a. |_|
b. |X|
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3 SEC Use Only
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4 Source of Funds
WC
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
Luxembourg
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7 SOLE VOTING POWER 29,537 Warrants to purchase Common
Number of Stock (29,537 shares in the aggregate)
Shares
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 9 SOLE DISPOSITIVE POWER 29,537 Warrants to purchase
Common Stock (29,537 shares in the aggregate)
--------------------------------------------------------
10 Shared Dispositive Power
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 29,537
Warrants to purchase Common Stock (29,537 shares in the aggregate)
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12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares |_|
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13 Percent of Class Represented By Amount in Row (11)
0.4%
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14 Type of Reporting Person
OO
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7
<PAGE>
Item 1. Security and Issuer.
This statement relates to the common stock, par value $.01, ("Common
Stock") of the Odyssey Pictures Corporation, 1601 Elm Street, Dallas, Texas
75201, (the "Issuer") which were purchased on December 2, 1999 by Lecoutere (as
defined), warrants to purchase Common Stock ("Warrants") of the Issuer which
were purchased by Lecoutere from Chardonnay, Hero and Gold Leaf (each as
defined) on December 1, 1999, and the issuance of 113,385 warrants to Johan
Schotte on July 1, 1998.
Item 2. Identity and Background.
(a) and (b)
(i) Lecoutere Finance S.A. ("Lecoutere"), formerly known as Flanders
Film S.A., 39 route de Remich, L-5650 Mondorf-les-Bains, Luxembourg;
(ii) Chardonnay Enterprises, Ltd. ("Chardonnay"), 10, avenue de la
Faiencerie, L-1510 Luxembourg;
(iii) A Hero From Zero N.V. ("Hero"), 10, avenue de la Faiencerie,
L-1510 Luxembourg;
(iv) Gold Leaf Pictures Belgium b.v.b.a. ("Gold Leaf"), Serruyslaan
42, B-8400 Oostende, Belgium;
(v) Johan Schotte, 39 route de Remich, L-5650 Mondorf-les-Bains,
Luxembourg; and
(vi) Media Trust S.A. ("Media Trust"), 10, avenue de la Faiencerie,
L-1510 Luxembourg.
(c) Each of Lecoutere, Chardonnay, Hero, Gold Leaf and Johan Schotte, is
involved in the film industry. Johan Schotte acts as a director for various
companies and is the Chief Executive Officer and Chairman of the Board of the
Issuer;
(d) None of Lecoutere, Chardonnay, Hero, Gold Leaf, Johan Schotte or Media
Trust during the last five years, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors);
(e) None of Lecoutere, Chardonnay, Hero, Gold Leaf, Johan Schotte or Media
Trust during the last five years, was a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, Federal
or State securities laws or finding any violation with respect to such laws; and
(f) Johan Schotte is a citizen of Belgium, resident in Luxembourg.
8
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Item 3. Source and Amount of Funds or Other Consideration.
The source of funds for Lecoutere for the purchase of the Convertible
Notes was working capital. The source of funds for Lecoutere for the purchase of
the Common Stock and Warrants to purchase Common Stock was also working capital.
Lecoutere paid $187,500 for the Common Stock from the Issuer on December
2, 1999.
On July 1, 1998, 103,385 common stock purchase warrants were issued to
Johan Schotte in consideration of services rendered to the Issuer.
No part of the amount of funds or other consideration used in making the
purchases described herein is represented by borrowed funds.
Item 4. Purpose of Transaction.
Each of Lecoutere, Chardonnay, Hero, Gold Leaf, Johan Schotte and Media
Trust is involved in the film industry, and invested in the Issuer to expand its
respective holdings in such industry. None of Lecoutere, Chardonnay, Hero, Gold
Leaf or Johan Schotte has any present plans which relate to, or would result in:
(a) the acquisition by any person of additional securities of the Issuer
or the disposition of securities of the Issuer, other than, the shares which
will be acquired upon conversion of the Convertible Notes;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or of
any of its subsidiaries;
(d) any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board, except that Stephen
Greenwald, former Chief Executive Officer of the Issuer, resigned and Johan
Schotte was named as his replacement in such position and as Chairman of the
Board of Directors. Mr. Greenwald will continue to serve as a Director. Also,
Ira Smith, former President and a Director of the Issuer, resigned and Pierre
Koshakji has been named as his replacement in such positions. Mr. Dominique
Verhaegen also has been appointed as a Director;
(e) any material change in the present capitalization or dividend policy
of the Issuer;
(f) any other material change in the Issuer's business or corporate
structure;
(g) changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
Issuer by any person;
(h) causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
9
<PAGE>
(i) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
<TABLE>
<CAPTION>
(a) Number of Shares Individual Maximum
Individual Investor Beneficially Owned Percentage* Aggregate Percentage*
------------------- ------------------ ----------- ---------------------
<S> <C> <C> <C>
Lecoutere 1,870,298 25.3% 25.3%
Chardonnay 0 0% 0%
Hero 0 0% 0%
Gold Leaf 0 0% 0%
Johan Schotte 353,385 4.9% 4.9%
Media Trust 29,537 0.4% 0.4%
</TABLE>
* The percentages are based on the following share calculation: 6,974,340 shares
of Common Stock outstanding, plus 629,985 shares of Common Stock (into which the
Warrants owned by Lecoutere and Johan Schotte convert).
Each of Hero, Gold Leaf and Johan Schotte expressly disclaims beneficial
ownership of the Convertible Notes, and the shares of Common Stock and Warrants
of the Issuer beneficially owned by shareholders other than itself. Lecoutere
expressly disclaims beneficial ownership of the shares of Common Stock and
Warrants of the Issuer beneficially owned by any of Hero, Gold Leaf or Johan
Schotte.
(b) Each of Lecoutere, Hero, Gold Leaf and Johan Schotte has sole power to
direct the voting of their respective shares.
(c) Lecoutere purchased 375,000 Warrants from Chardonnay, Hero and Gold
Leaf.
(d) Lecoutere acquired 625,000 shares of the Issuer's Common Stock at
$0.30 per share on December 1, 1999.
(e) This filing amends the filing of October, 1998, which erroneously
reported the stock ownership of Lecoutere as 792,648 shares, when, in fact, it
should have been 667,648 shares.
(f) No person other than Lecoutere, Hero, Gold Leaf, Johan Schotte or
Media Trust is known to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, their respective
securities.
(g) N/A
10
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
Each of Lecoutere, Media Trust and Johan Schotte retain sole investment
power and voting power with respect to their respective shareholdings in the
Issuer, although they each may consider and follow the views and voting
decisions of Johan Schotte when making their own investment and voting
decisions.
Item 7. Material to be Filed as Exhibits.
None.
11
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SIGNATURE
After reasonable inquiry and the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
LECOUTERE FINANCE S.A.
/s/ Johan Schotte
--------------------------------------
By: JOHAN SCHOTTE
Title: Administrateur-Delegue
Date: March 18, 1999
<PAGE>
SIGNATURE
After reasonable inquiry and the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
CHARDONNAY ENTERPRISES, LTD.
/s/ Johan Schotte
--------------------------------------
By: JOHAN SCHOTTE
Title: Attorney-in-fact
Date: March 18, 1999
<PAGE>
SIGNATURE
After reasonable inquiry and the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
A HERO FROM ZERO N.V.
/s/ Johan Schotte
--------------------------------------
By: JOHAN SCHOTTE
Title: Managing Director
Date: March 18, 1999
<PAGE>
SIGNATURE
After reasonable inquiry and the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
GOLD LEAF PICTURES BELGIUM b.v.b.a.
/s/ Johan Schotte
--------------------------------------
By: JOHAN SCHOTTE
Title: Gedelegeerd Bestuurder
Date: March 18, 1999
<PAGE>
SIGNATURE
After reasonable inquiry and the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
/s/ Johan Schotte
--------------------------------------
By: JOHAN SCHOTTE
Date: March 18, 1999
<PAGE>
SIGNATURE
After reasonable inquiry and the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
MEDIA TRUST S.A.
/s/ Johan Schotte
--------------------------------------
By: JOHAN SCHOTTE
Title: Administrateur-Delegue
Date: March 18, 1999
