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Non-Tech : Marker International MRKR Ski Bindings,clothing,snowboards -- Ignore unavailable to you. Want to Upgrade?

To: John R Resseger who wrote (265)	7/14/1999 3:27:00 PM
From: John R Resseger	Respond to of 360

I reread these SEC files and details appear that eluded me before. 1. HT owns 56% of Marker. No shareholder meeting needed for approval. (b) CAPITALIZATION. As of the date hereof, (i) the Company's authorized capital stock consists of: 30,0000,000 shares of Common Stock, $.01 par value per share, of which 11,130,577 shares are validly issued and outstanding, fully paid and nonassessable, and On August 24, 1998, Marker International (the "Registrant" or "Marker") issued and sold 1,000,000 shares of its newly created Series B Preferred Stock, $0.01 par value (the "Preferred Stock"), for a purchase price of $3,000,000 to Henry E. Tauber, President of Marker. As a result of such investment, Henry Tauber increased his percentage ownership in the Registrant to 56.0%. <----------- LOOK Only one person has to approve this deal 2 My $1.70 figure is to high. 85% of 11,131.0000 = 9,493,400 shares X $15m + $1.57 a share. Now if the preferred is figured in then it is ..... ??? even less maybe 1.15 to 1.30 Still at .48 it is a good buy. On March 7, 1999, Marker International ("Marker") signed a letter of intent with CT Sports Holding AG ("CTSH"), a corporation organized and existing under the laws of Switzerland, regarding the restructuring of Marker. CTSH is a newly formed joint venture between Tecnica S.p.A. and H.D. Cleven, the principal shareholder of the Volkl Group. The letter of intent contemplates the formation of a new entity which will succeed to Marker's assets and assume Marker's liabilities. CTSH will own 85% of the new entity and have the right to acquire the other 15% from the shareholders of Marker at some time in the future at the then fair market value. The entire transaction is subject to several conditions, including the successful restructuring of Marker's obligations to its lending banks and the completion of mutually acceptable definitive agreements. On March 8, 1999, Marker issued the press release set forth as Exhibit 20.1 hereto. Buying by stores is all ready starting. I think all parties, especially me, want to see this deal closed soon.