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Byline: Jeff Simon
Jul. 17--M.FAUST -- Mike, to friends and acquaintances -- is a friend of mine in the most rudimentary way: someone whose welfare concerns me.
This is not the happiest of weeks for those who are friends of Mike's. That's because this is the week he decided to announce that he's going to close Mondo Video, his video store, in October after a tough 13 years.
He will, thank heaven, continue in the video business online in "a Web site specializing in obscure foreign movies," but he feels that he can no longer keep his store going on Main Street across from UB. He's been struggling at his new location ever since he moved there from …