mcsi
has registered 15 mm shares to be sold. beware!
heres what i found 12/98
MARK SOLUTIONS, INC.
15,000,000 Shares of Common Stock
This Prospectus relates to the sale of up to 15,000,000 shares of common
stock, $.01 par value (the "Common Stock") of Mark Solutions, Inc. ("Mark")
consisting of (i) 1,220,000 issued shares of Common Stock (the "Private
Placement Common Stock"), (ii) 1,375,000 shares of Common Stock which are
issuable upon the exercise of warrants at $1.50 per share (the "Warrants"),
(iii) an indeterminate number of shares of Common Stock which are issuable upon
conversion of Mark's $1,530,000 Principal Amount 7% Convertible Debentures due
December 28, 2000 (the "Debentures"), (iv) an indeterminate number of shares of
Common Stock issuable pursuant to certain adjustments on the Private Placement
Common Stock (the "Adjustment Shares") and (v) an indeterminate number of shares
of Common Stock issuable to pay interest on the Debentures (the "Interest
Shares"). The Private Placement Common Stock, Warrants, Debentures, Adjustment
Shares and Interest Shares are collectively referred to as the "Securities". The
Securities were issued by Mark in a private placement in June 1998. See "Mark's
June 1998 Private Placement" for the terms of the Securities.
Mark is obligated to keep the registration statement (the "Registration
Statement"), of which this Prospectus forms a part, effective until June 29,
2000.
All of the shares of Common Stock offered hereby (the "Shares") are being
sold for the account of and by the person(s) named under the caption "Selling
Shareholders". Mark is bearing the cost related to the Registration Statement.
The Selling Shareholders have advised Mark that the Shares may be sold by the
Selling Shareholders or its pledgees, donees, transferees or other successors in
interest from time to time in the open market or in privately negotiated
transactions at prices satisfactory to the seller. See "Plan of Distribution".
Mark will receive no proceeds from the sale of the Shares. |
