MyECheck, Inc. (fka MYEC)

[WhiteFish]

Any thoughts on this? From Form 10:

Regulation

Since MyECheck processes but does not conduct transactions, and does not directly hold or transfer cash, we are not subject to direct federal, state or local regulations regarding money transfer. We are also not subject to any regulation or law that applies to accessing or conducting Internet commerce. We are only subject to regulations applicable to general business conduct. However, there are no assurances that MyECheck will not be subject to financial regulations in the future.

So who owns the account at Avidia that holds all the cash? Honest question.