SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ) (1)
EDITEK, INC.
- -------------------------------------------------------------------------------
(Name of issuer)
COMMON STOCK
- -------------------------------------------------------------------------------
(Title of class of securities)
281068106
- -------------------------------------------------------------------------------
(CUSIP number)
DAVID SELENGUT, c/o Singer, Bienenstock, Zamansky, Ogele & Selengut, LLP.
40 Exchange Place, New York, NY 10005 (212) 809-8550
- -------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
May 9, 1996
- -------------------------------------------------------------------------------
(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 o.
Check the following box if a fee is being paid with the statement X. (A
fee is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note. Six copies of this statement, including all exhibits, should be file
with the Commission. See Rule 13d-1 (a) for other parties to whom copies are to
be sent.
(Page 1 of 4 Pages)
- --------------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes)
<PAGE>
CUSIP No. 281068106 13D Page 2 of 4 Pages
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Morgan Capital LLC
_______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) o
(b) o
_______________________________________________________________________________
3 SEC USE ONLY
_______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
_______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2 (e)
_______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_______________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
SHARES 4,584,795
_______________________________________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
-0-
_______________________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
4,584,795
_______________________________________________________________________________
PERSON WITH 10 SHARED DISPOSITIVE POWER
-0-
_______________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,584,795
_______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
_______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.2%
_______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
00 Limited Liability Company
_______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 of 4 pages
ITEM 1. Security and Issuer
Editek, Inc.
1238 Anthony Road
Burlington, North Carolina 27215
Shares of Common Stock.
ITEM 2. Identity and background:
Reporting Entity
a. Morgan Capital L.L.C.
b. 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219
c. Investments
d. None
e. None
f. New York
Name of Executive officers and principal members of Reporting Entity
a. Alexander Bistricer, officer and principal member
b. 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219
c. Investor
d. None
e. None
f. USA
a. David Bistricer, officer and principal member
b. 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219
c. Investor
d. None
e. None
f. USA
a. Morris Bistricer, principal member
b. 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219
c. Investor
d. None
e. None
f. USA
a. American European Group, principal member
b. 580 Fifth Avenue, New York, New York
c. Insurance
d. None
e. None
f. USA
a. Bishop Merchant Group, Ltd., principal member
b. P.O. Box 1965, Nassau, Bahamas
c. Investments
d. None
e. None
f. Foreign Entity
a. Albert David P & G, Inc., principal member
b. 25 West 36th Street, New York, New York 10018
c. Import Export
d. None
e. None
f. USA
a. Hirsch Wolf, principal member
b. 1505 Coney Island Avenue, Brooklyn, New York 11230
c. Insurance
d. None
e. None
f. USA
a. Ace Foundation, Inc., principal member
b. 40 Exchange Place, New York, New York 10005
c. Foundation
d. None
e. None
f. New York
<PAGE>
Page 4 of 4 Pages
ITEM 3. Source and Amount of Funds or Other Consideration
Personal funds
ITEM 4. Purpose of Transaction
Investment
ITEM 5. Interest in Securities of Issuer
Number of Shares - 4,584,795
Percentage of shares - 18.2%
This does not include shares of the Issuer that would have
been outstanding upon exercise of convertible preferred
shares, but for the fact that a sufficient number of shares of
Common Stock are not authorized. If the Issuer issues the
Common Stock which are issuable upon the conversion of the
Preferred Stock that have requested conversion, the Reporting
entity believes that it would own less than 10% of the equity
of the Issuer.
None of the members of Morgan Capital L.L.C. own any shares
of the Issuer.
ITEM 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
None
ITEM 7. Material to be filed as Exhibits
None
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
May 16, 1996
Morgan Capital LLC.
/s/ David Bistricer
BY:_____________________________
David Bistricer, Officer
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name of any title of each person who signs the statement shall be typed or
printed beneath his signature.
