Capstone Green Energy Corp (fka CGRNQ)

[Wild-bill]

Poison Pill by another Name? NOL Preservation.

Released May 09, 2016 16:30 ET, AH naturally.

{ The Company further expects its cumulative net operating loss carryforwards to increase as of March 31, 2016. }

Looks to me like they are afraid of a takeover attempt.

{ If the rights become exercisable, all holders of rights, other than the person or group triggering the rights, will be entitled to purchase Capstone common stock at a 50% discount. Rights held by the person or group triggering the rights will become void and will not be exercisable. }

{ In connection with the adoption of the NOL Rights Plan, Capstone also entered into Amendment No. 5 (the “Amendment”) to the rights agreement, dated as of July 7, 2005, as amended (the “Original Rights Agreement”).

The Amendment accelerates the expiration of the Company’s preferred share purchase rights under the Original Rights Agreement from 5:00 p.m., California time, on the 30th day after the Company’s 2017 annual meeting of stockholders to 5:00 p.m., California time, on May 6, 2016, and has the effect of terminating the Original Rights Agreement. Upon the termination of the Original Rights Agreement, all of the preferred share purchase rights distributed to holders of the Company’s common stock pursuant to the Original Rights Agreement expired. }

Capstone Turbine Corporation Adopts Tax Benefit Preservation Plan to Preserve Valuable Net Operating Losses

8-K Current report, items 1.01, 1.02, 3.03, 5.03, 7.01, and 9.01

8-A12B/A Registration of securities

8-A12B Registration of securities

15-12B Securities registration termination

Bill