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I'd like to buy quite a substantial amount of products that RCCH sells. Can anybody tell me how to do that? thanks
I'm not interested in buying any more stock. I want to actually buy something they sell.
Can anybody help me? please, I've been trying for years to buy something from this company. I bought their stock but I'm not sure what they sell anymore. Help me. Please.
The very worst of the market has been exposed here.
I suggest you sell all you can, if ...by chance, this gets a bid back...likewise for those you suggested...to buy into this scam.
Don't sell Newton short...so to speak. I can readily see a scenario that brings a bid back and runs the stock...think false buyout. Why would Newton make a move now when there is still stock to be sold?
The best anyone can say is point to the history of activity carried out by the principals in this entity. I refuse to call it a company. It is not. The outcome is obvious and has been for a long time.
Most certainly the kind of problems you want to have. Does the fact that all interest in the company was converted to common, come into play here?
I'm pretty sure this is the best possible stock to be in. Am I the only one on the planet who thinks so? thanks
Pegasus Capital Designing `Green Bank' to Fund Carbon Projects
By Ben Sharples - Sep 22, 2010 8:52 PM ET Tweet
Pegasus Capital Advisors LP, the U.S. private equity firm that manages almost $2 billion in assets, is helping set up a bank to fund carbon reduction, a former adviser to California Governor Arnold Schwarzenegger says.
Pegasus is “volunteering some time to help with the design and structuring of the green bank,” Terry Tamminen, 58, said in a telephone interview in Melbourne. He is an adviser to the firm, founded in 1995, according to its website.
Schwarzenegger announced at the Copenhagen climate conference in December the creation of an organization called R20, which will include state and provincial governments from North America, Africa, Asia, South America and Europe. The bank will be its investment arm and fund the development of projects including renewable energy ventures and sequestration, a process to store carbon pollution from coal plants.
The bank is in its “early stages” and a specific monetary figure hasn’t been targeted, Tamminen said in an e-mailed response to questions yesterday. The R20 will be formally established in California at the Governors’ Global Climate Summit 3 in November, he said. There have been talks with Australian states to join the group, Tamminen said.
In Copenhagen, delegates were planning to finish a two-year effort to replace the 1997 Kyoto Protocol, which limits emissions through 2012. Instead, they clashed over aid to developing countries, pollution-reduction goals and how to verify individual pledges. No binding treaty was adopted. The next round of international talks is scheduled to start at the end of November in Cancun, Mexico.
http://www.bloomberg.com/news/2010-09-23/pegasus-helping-design-green-bank-to-fund-carbon-projects-tamminen-says.html
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http://www.google.com/search?q=Terry+Tamminen+green+bank&hl=en&sa=G&rlz=1R2ADRA_enUS351&prmd=vo&source=univ&tbs=vid:1&tbo=u&ei=nRjGTMyEN4SClAebwPS_DA&oi=video_result_group&ct=title&resnum=4&ved=0CCsQqwQwAw
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Private equity firm Pegasus advises on establishing green bank in US
23 September 2010
US private equity firm Pegasus Capital Advisors is rumoured to be helping to set up a bank that would finance carbon reduction.
Terry Tamminen, a former adviser to California Governor Arnold Schwarzenegger, told Bloomberg Pegasus was giving guidance on the design and structure of the green bank.
The UK government has recently also announced plans to launch a Green Investment Bank to accelerate adoption of low-carbon technologies but uncertainty over its formation is already leading to it being a controversial proposal.
Bloomberg said a specific launch figure is yet to be targeted and any plans are still in the early stages.
Pegasus invests in middle-market companies across a range of industries and said all its advisers have expertise in the area of sustainable investing.
Copyright © 2010 NewNet
http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/energy-efficiency-by-technology-renewable-energy-news/private-equity-firm-pegasus-advises-on-establishing-green-bank-in-us.html
In connection with such investment, Simon also entered into a commercial agreement whereby LSG would be a preferred supplier to properties owned by Simon and Simon would utilize LSG's products when the economic and performance attributes of the LSG product are compelling. Simon also agreed to engage in certain other promotional activities related to LSG products.
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Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers, The Mills, community/lifestyle centers and international properties. It currently owns or has an interest in 387 properties comprising 263,000,000 square feet (24,400,000 m2) of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG.
http://en.wikipedia.org/wiki/Simon_Property_Group
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Simon Property Group, Inc. is the largest publicly traded retail real estate operating company in North America.
Last year, approximately 2.8 billion people visited a Simon property. It takes a team of 5,000 talented people to create a positive shopping experience worthy of such numbers.
If you thrive in a fast-paced creative environment where innovative thinking is rewarded, consider Simon. We have a wide spectrum of employment opportunities available now.
Start by reviewing both the highlights of working for Simon and our employee benefits. You may also view current job postings, search for specific positions or post your resume.
*Simon Property Group, Inc. is an equal opportunity employer.
http://www.simon.com/about_simon/hr/
Lighting Science Group's High-Output and Ultra-Efficient LED Bulbs Pass Rigorous ENERGY STAR Testing Standard
Posted on: Monday, 25 October 2010, 08:00 CDT
SATELLITE BEACH, Fla., Oct. 25 /PRNewswire/ -- Continuing to outshine the competition -- Lighting Science Group (OTC Bulletin Board: LSCG) now has five ENERGY STAR labeled LED light bulbs. The ENERGY STAR approved DEFINITY PAR38 (narrow flood and spot), PAR30 (narrow flood) and MR16 (flood and narrow flood) LED bulbs are 80% more efficient than the 75, 60, and 25 watt incandescent halogen bulbs that they replace, are fully dimmable, and have approximately 50 percent more lumens (light output) than competing products. The DEFINITY bulbs are the first in a line of Lighting Science Group products going through the ENERGY STAR approval process that also include A19, PAR20, and G25 bulb types. Unlike CFLs, the DEFINITY LED bulbs contain no mercury, are completely recyclable, are instant on, and offer outstanding light quality.
The Company's PAR38 narrow flood was the industry's first ENERGY STAR LED bulb to be approved back in September. ENERGY STAR is the trusted, government-backed symbol that makes it easy for consumers to identify and purchase energy-efficient products that offer savings on energy bills without sacrificing performance, features, and comfort.
"Leading the industry in the number of ENERGY STAR approved LED bulbs is a true testament of the superior quality and performance of our LED products," said Zach Gibler, Chief Executive Officer of Lighting Science Group. "While other companies are struggling to develop high performance LED lighting products, we are bringing to market state-of-the-art lighting solutions that Americans can afford."
To ensure both performance and reliability, the cULus-listed DEFINITY LED line was tested under the rigorous ENERGY STAR Eligibility Criteria, Version 1.1 process by an independent laboratory approved by the U.S. Department of Energy's CALiPER program. To receive the ENERGY STAR label for an integral LED lamp, the DEFINITY PAR38, PAR30, and MR16 bulbs were tested under the LM79 standard for overall efficiency, color temperature, color rendering, color spatial uniformity, and light emission pattern. Additional testing required for ENERGY STAR approval included: rapid cycle thermal stress testing, in-situ temperature testing, both lumen maintenance and color maintenance testing, and an operational test for 3,000 hours at elevated ambient temperature.
Lighting Science Group DEFINITY bulbs are offered through lighting distributors worldwide and directly by the company. To find your nearest sales location, go to: www.lsgc.com. For more information on ENERGY STAR approved LED bulbs, go to: http://www.energystar.gov/index.cfm?fuseaction=find_a_product.showProductGroup&pgw_code=ILB .
the truth is obvious and has been posted...not wanting to believe what you see or hoping for another outcome, is a different story.
LED Bulb Shootout
It's gonna be tough proving that RCCH's business has been hindered in some way. Don't you think? with 0 sales and $0 in revenues and all...just a thought. Any way we can get around that?
This charade isn't even close to over. Lots of fun to come.
It may have seemed intrusive to post that information. But the fact of the matter is that she signed on as an owner, manager, and director of the company. She was listed along with Smith on the reg 504 d REGDEX. IMO that was a fraudulent document that was used to sell shares to the public. A company cannot just sell shares to the public without proper registration of those securities.
The Eagle has numerous judgements against him. He was able to convince the court that he was eligible for a Public Defender. You won't get a dime out of him. At best shareholders can get in line.
If you want to put together a case you need to follow the money.
The Eagle has always tried desperately to soar below the radar.
I don't know if a case can be made against all the manager's and directors and principal owners...but I can tell you this...there are assets of public record that are in her name.
Yes, it must have been heart wrenching to see everything you had lied so hard about to achieve...just walk away. Too bad...
Lighting Science Group Appoints Industry Heavyweight to Board of Directors
Posted on: Thu, 21 Oct 2010 09:00:00 EDT
http://www.tradingmarkets.com/news/press-release/lscg_lscg_lighting-science-group-appoints-industry-heavyweight-to-board-of-directors-1246599.html
The city has already applied for and received a federal grant to replace 1,400 street lights with LED lights. It's hoping to get another incentive grant from Rocky Mountain Power.
http://www.ksl.com/?nid=148&sid=12053849
http://www.slcgov.com/transportation/streetlighting/default.htm
http://www.slcgov.com/transportation/streetlighting/default.htm
http://www.abc4.com/content/about_4/links_numbers/story/14-Utah-cities-receive-state-money-for-new-LED/V1TYkCCAJUefg1MzCCj_xg.cspx
Lighting Science Group Wins Bid to Relight Salt Lake City with Ultra-Efficient LED Street Lights
Posted on: Monday, 18 October 2010, 08:00 CDT
SATELLITE BEACH, Fla., Oct. 18 /PRNewswire/ -- Lighting Science Group's (OTC Bulletin Board: LSCG) high-performance PROLIFIC series LED street lights will soon line the streets of Salt Lake City, Utah. Compared with traditional high pressure sodium (HPS) street lights, the PROLIFIC LED series street lights are 50% more efficient, provide more uniform light distribution, increase light levels, and will save Salt Lake City tens of thousands of dollars each year in energy and maintenance cost. The project is being paid for using Energy Efficiency and Conservation Block Grant funds from the American Recovery and Reinvestment Act.
"The Lighting Science Prolific Series street lights look great, we will have less outages, and we are saving energy and money," said Mike Barry, Transportation Engineer for the Salt Lake City Transportation Division. "Retrofitting existing HPS street lights with Lighting Science LED street lights will reduce the city's annual energy consumption by 885,271 kWh (kilowatt hours) -- eliminating approximately 636 metric tons of CO2 emissions each year."
The Lighting Science's PROLIFIC Series street lights are the perfect one-to-one replacement for HPS streetlights -- easy to install, high lumen output, maintenance-free operation, long-lasting, and outstanding energy savings. The PROLIFIC LED technology eliminates costly re-lamping and re-ballasting of HPS street lights and direct line wiring is used in place of starters or capacitors to eliminate traditional maintenance issues. To ensure performance and reliability, Lighting Science Group's PROLIFIC Series street light was tested under the rigorous LM-79 process by an independent laboratory approved by the U.S. Department of Energy's CALiPER program.
"With rising energy costs across world, cities like Salt Lake City are looking for ways save energy -- Lighting Science Group's LED products are a perfect solution," said Zach Gibler, CEO of Lighting Science Group Corporation. "The LED street lights provided will improve both the environment and the city's bottom line by delivering a 50% energy savings over HPS street lights and will last approximately 5 times as long. The Salt Lake City project is another significant win for Lighting Science Group in the infrastructure market and exemplifies the clear leadership and high-performance capabilities of the Company."
Lighting Science Group LED solutions are offered through lighting distributors worldwide and directly by the company. To find your nearest sales location, go to: www.lsgc.com.
http://www.redorbit.com/news/business/1932567/lighting_science_group_wins_bid_to_relight_salt_lake_city/
Added On October 8, 2010
The CEO of a lighting manufacturer tells CNN's Felicia Taylor why he's making light bulbs in China and Mexico.
http://www.cnn.com/video/?/video/business/2010/10/08/intv.jobs.lighting.ceo.cnn
Bloomberg | October 08, 2010
Oct. 8 (Bloomberg) -- Zachary Gibler, chief executive officer of Lighting Science Group
I guess we'll have to wait till next year to be on this list.
September 24, 2010
DOE Announces Winners of Lighting for Tomorrow 2010 Competition
http://www.energy.gov/9548.htm
Department of Energy announces third grant for U.S.-China clean energy research center
Saturday, 09 October 2010 20:30
U.S. Assistant Secretary of Energy for Policy & International Affairs David Sandalow announced today that Lawrence Berkeley National Laboratory will receive $12.5 million over the next five years to lead a consortium on energy-efficient building technologies under the U.S.-China Clean Energy Research Center (CERC). The funding will be matched by the consortium partners to provide at least $25 million in total U.S. funding. Chinese counterparts will contribute an additional $25 million. "The U.S.-China Clean Energy Research Center will help to save energy and cut costs in buildings in both the United States and China," said Assistant Secretary Sandalow. "This new partnership will also create new export opportunities for American companies, ensure the United States remains at the forefront of technology innovation, and help to reduce global carbon pollution."
The Lawrence Berkeley National Laboratory will lead a consortium that includes Oak Ridge National Lab, the Massachusetts Institute of Technology, the University of California-Davis, the National Resources Defense Council, the Energy Foundation, ICF International, the National Association of State Energy Officials, the Association of State Energy Research and Technology Transfer Institutions, The Dow Chemical Company, Honeywell, General Electric, Saint-Gobain, Bentley, ClimateMaster, Pegasus Capital Advisors, and Schneider Electric.
http://www.energyportal.eu/latest-energy-savings-news/9124-department-of-energy-announces-third-grant-for-us-china-clean-energy-research-center.html
From what I'm reading all the warrants and preferred have been converted to common. I don't see any other debts payable on last 10Q.
http://www.dailyfinance.com/company/lighting-science-group-corporation/lscg/nab/10-Q/101016105/pdf/sec-filings
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On September 27, 2006, UC HUB Group, Inc. (the "Registrant") acquired the assets of International Wastewater Systems ("IWS") for 1,500,000 restricted shares of the Registrant's common stock and an additional amount of 1,500,000 restricted shares of the Registrant's common stock upon hitting sales benchmarks to be agreed upon by Larry Wilcox and Claude Smith. Notwithstanding this, in the event the assets of IWS, after acquisition, are sold or made available in some new corporate form, the additional 1,500,000 shares will be deemed earned by the original owners of IWS.
A wastewater system with software and licenses and related intellectual properties organized and in business for the past years has been acquired with the assets of IWS. In addition, the past operating liabilities and during the transition will not be part of any deal or liability to the Registrant. A copy of the acquisition agreement is attached to this Current Report as an exhibit.
http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=rUQBWLubcd6trn0&ID=4674498
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Former 'CHiPs' Star Slapped With Stock Fraud Charges
Actor Larry Wilcox, who played Officer Jon Baker on the '70s hit show "CHiPs," was among several people charged with fraud by the Securities and Exchange Commission Thursday.
The SEC claimed that Wilcox and others participated in illegal kickback schemes involving penny stocks.
"The schemes generally involved the payment of kickbacks to purportedly corrupt pension fund managers or stockbrokers," the SEC alleges, adding that, in exchange, those managers or brokers would use clients' money to buy stock in the defendants' companies, manipulating stock prices.
FBI agents or "confidential sources" acted as managers and brokers in a sting operation.
Wilcox is CEO of UC Hub Group, which trades on the pink sheets. The company is described as a startup focused on mining and drilling.
The SEC alleges that Wilcox paid kickbacks to a "pension fund trustee" who was actually an undercover FBI agent.
"Wilcox paid a kickback to the trustee for the purchase of 800,000 restricted shares of UC Hub," the complaint reads. "Later, Wilcox agreed to pay another kickback for a second purchase of 800,000 restricted shares."
The SEC is seeking an unnamed penalty, disgorgement of illegal gains, and wants Wilcox barred from being an officer in a publicly traded company.
No response yet from Wilcox, who maintains an official website which most recently touted a new charity he's set up called Gems for Gems.
"Created out of the sapphire mine he managed in Montana," the site's press release states, "his plans are to donate special gems and bracelets and pendants made from the precious gems to terminally ill children and those in crisis. He also hopes to raise money to fund the health, educational and psychological needs of children around the world."
http://www.cnbc.com/id/39562699
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http://assets.bizjournals.com/cms_media/southflorida/pdf/Wilcox%20plea.pdf
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SEC Charges Penny Stock Promoters in Series of Kickback Schemes
FOR IMMEDIATE RELEASE
2010-187
http://www.sec.gov/news/press/2010/2010-187.htm
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1 million sold short today. What about the other 12.5 million? Are they in the "float"? Are they "air shares"? Are they legitimate trades? thanks in advance
They finally got him...good news! thanks
2362 Andrews Valley Dr has a judgement foreclose on it. Isn't that IWS's office in Florida?
http://198.140.240.30/or_web1/new_sch.asp?search_entry=smith+claude+r&search_by=Name&PageNumber=1&OrderBy=rec_date&Accending=DESC&FromDate=&ToDate=&filter_string=&filter_by=&PageSize=20&RecSetSize=100&BookType=
The Short Stoppers office at 706 N Glenwood has a $24,328.16 federal lien on it. What's going on around here?
OFFICIAL RECORDS
LUX JOHN E USA INTERNAL REVENUE LN 01/12/2010 16802 1135 2010010143
http://pubtitlet.co.pinellas.fl.us/mainmenux.jsp
COURT FINDS:
JUDGMENT ON UD COMPLAINT >$10,000 <$25,000 FILED 08/18/2009 OF MICHAEL RADEMAKER ORDERED ENTERED 09/30/09
JUDGMENT FOR: MICHAEL G. RADEMAKER
JUDGMENT AGAINST: RCC HOLDINGS CORPORATION,
JUDGMENT FOR POSSESSION ON PARTY: RCC HOLDINGS CORPORATION,. COURT ORDERS RESTITUTION OF PREMISES.
JUDGMENT IN THE AMOUNT OF: PRINCIPAL $10,186.86 INTEREST $0.00 ATTORNEY FEES $750.00 COSTS $430.00 AND DAMAGES $7,633.44.
JUDGMENT TOTAL IS: $19,000.30
http://170.164.31.10/openaccess/civil/casereport.asp?casenumber=RS902827&courtcode=X&casetype=UD&dsn=
Search Results for: RCC HOLDINGS CORP
Document
Number Document
Date Pages Document
Description
First Grantor/Grantee
(R=Grantor E=Grantee)
Image
Avail
20080282847 06/20/2008 3 Abstract Judgment RCC HOLDINGS CORP (R)
RAR2 INLAND EMPIRE OFFICERS C A INC (E) N/A
http://acrparis.sbcounty.gov/cgi-bin/oresultg01.MBR/docdetail?&Official=&Birth=&Death=&Marriage=&Maps=&Fbn=&V_Date=10/01/2010&TYPE=B&oresultg_name=RCC%20HOLDINGS%20CORP&USERKEY=2010100600000000002263OFF&F_Month=00&F_Day=00&F_Year=0000&T_Month=10&T_Day=01&T_Year=2010
JUDGMENT FOR: RAR2-INLAND EMPIREOFFICES-CA,INC
JUDGMENT AGAINST: RCC HOLDINGS CORP
JUDGMENT IN THE AMOUNT OF: PRINCIPAL $6,345.60 INTEREST $0.00 ATTORNEY FEES $2,290.93 COSTS $553.55 AND DAMAGES $30,018.65.
JUDGMENT TOTAL IS: $39,208.73
http://170.164.31.10/openaccess/CIVIL/casereport.asp?casenumber=RS701031&courtcode=X&casetype=UD&dsn=
JUDGMENT FOR: DARYL TURNER
JUDGMENT AGAINST: GENE NEWTON, SCOTT ROWAN, NEWTON & ASSOCIATES, INC, STOKES UNDERGROUNDCONSULTING
JUDGMENT IN THE AMOUNT OF: PRINCIPAL $282,448.62 INTEREST $79,703.72 ATTORNEY FEES $0.00 COSTS $1,046.50 AND DAMAGES $0.00.
JUDGMENT TOTAL IS: $363,198.84
Think of a name and punch it in. Last name first! Don't forget the aliases!! LMFAO
http://acrparis.sbcounty.gov/cgi-bin/osearchg.mbr/input
http://acrparis.sbcounty.gov/cgi-bin/odsmnu1.html/input
https://recorder.co.clark.nv.us/oncorewebecommerce/Search.aspx
Assuming no further changes to LSG's equity, following the recapitalization, LSG expects to have 125,485,985 shares of common stock outstanding and no shares of preferred stock outstanding.
Prior to the recapitalization, Pegasus held approximately 73.2% of the shares of LSG's common stock on a fully diluted basis and preferred stock of LSG with an aggregate liquidation preference of approximately $122 million. Following the recapitalization, including the sale of $25 million of common stock and the resulting anti-dilution adjustments to the exercise price of certain outstanding warrants (and assuming no other changes to LSG's equity), Pegasus will hold approximately 80.0% of the shares of LSG's common stock on a fully diluted basis and no shares of LSG's preferred stock and, therefore, all prior preferences of such preferred stockholders will be eliminated.
/C O R R E C T I O N -- Lighting Science Group Corporation/
10:37a ET October 6, 2010 (PR NewsWire)
In the news release, Lighting Science Group Corporation Announces Recapitalization, Including $25 Million Private Placement, and Commercial Agreement With Simon Property Group, Inc., issued 06-Oct-2010 by Lighting Science Group Corporation over PR Newswire, we are advised by the company that the seventh paragraph, second sentence, should read "80.0%" rather than "73.2%" as originally issued inadvertently. The complete, corrected release follows:
Lighting Science Group Corporation Announces Recapitalization, Including $25 Million Private Placement, and Commercial Agreement With Simon Property Group, Inc.
Lighting Science Group Corporation (OTC Bulletin Board: LSCG) ("LSG") is pleased to announce that it has simplified its capital structure and obtained $25 million of additional operating capital from a newly-formed entity controlled by Pegasus Partners IV, L.P. and certain of its affiliates ("Pegasus"). Pegasus provided LSG $21 million and $4 million was obtained from investors not associated with Pegasus, including Simon Property Group, Inc. ("Simon"). In connection with such investment, Simon also entered into a commercial agreement whereby LSG would be a preferred supplier to properties owned by Simon and Simon would utilize LSG's products when the economic and performance attributes of the LSG product are compelling. Simon also agreed to engage in certain other promotional activities related to LSG products.
LSG entered into a recapitalization agreement with Pegasus, the holder of a majority of LSG's stock, pursuant to which:
A Pegasus-controlled entity purchased $20 million of common stock from LSG and received an option until the earlier of the closing of a revolving credit facility or December 31, 2010, to purchase up to an additional $5 million of common stock at a price of $1.60 per share (which option was exercised in full to effect the sale of $1 million of common stock to Pegasus and the remaining $4 million of common stock to Simon and other investors not affiliated with Pegasus);
LSG exchanged common stock for all of its outstanding Series B Preferred Stock, Series C Preferred Stock, Series E Non-Convertible Preferred Stock and warrants issued in conjunction with the Series E Non-Convertible Preferred Stock;
Holders of all of the warrants issued in conjunction with the Series C Preferred Stock exercised such warrants on a cashless basis for common stock;
Pegasus approved an amendment to the Certificate of Designation concerning LSG's Series D Non-Convertible Preferred Stock ("Series D Preferred Stock") which will convert all shares of Series D Preferred Stock into common stock;
Pegasus waived certain anti-dilution rights on behalf of all holders of the warrants issued in conjunction with the Series D Preferred Stock ("Series D Warrants"); and
LSG agreed to amend all of the Series D Warrants to provide that, upon the earlier of a change of control or eighth anniversary of their original issuance, their effective exercise price would be reduced to approximately $1.02 to $1.05 per share of common stock (after application of accelerated or term dividend accruals), depending upon the date of issuance of the related shares of Series D Preferred Stock (except in the case of the Series D Warrants of Koninklijke Philips Electronics N.V., whose exercise price would decrease to approximately $7.05 per share of common stock).
The agreement was negotiated on LSG's behalf by a committee of independent and disinterested directors that, based in part upon the assessment of the committee's financial advisor, McColl Partners, LLC, determined that the transaction was advisable and in the best interests of LSG and its stockholders.
"I am pleased that our independent directors sought this recapitalization as a means to help investors more easily understand an investment in our company, with the ultimate goal of increasing the value of our common stock," said Zach Gibler, Chairman and Chief Executive Officer of LSG. "They spent many hours negotiating the recapitalization, and we believe the $25 million investment should provide us with the capital we need to expand our production to meet increasing demand."
Automatic conversion of all outstanding shares of Series D Preferred Stock into common stock will require LSG to amend its charter. LSG has received the requisite consent from its stockholders and board of directors for such amendment and expects to amend its Certificate of Incorporation to effectuate the amendment approximately 20 days after it mails an information statement concerning the recapitalization to stockholders, which LSG expects to occur during the fourth quarter of 2010. After the amendment is effective, holders of Series D Preferred Stock will be entitled to receive, based upon their Series D Preferred Stock's date of issuance, approximately 0.64 to 0.66 shares of common stock for each share of Series D Preferred Stock they hold. Information about how holders of Series D Preferred Stock may receive common stock certificates for Series D Preferred Stock certificates will be provided in a notice mailed to each holder of Series D Preferred Stock.
Assuming no further changes to LSG's equity, following the recapitalization, LSG expects to have 125,485,985 shares of common stock outstanding and no shares of preferred stock outstanding.
Prior to the recapitalization, Pegasus held approximately 73.2% of the shares of LSG's common stock on a fully diluted basis and preferred stock of LSG with an aggregate liquidation preference of approximately $122 million. Following the recapitalization, including the sale of $25 million of common stock and the resulting anti-dilution adjustments to the exercise price of certain outstanding warrants (and assuming no other changes to LSG's equity), Pegasus will hold approximately 80.0% of the shares of LSG's common stock on a fully diluted basis and no shares of LSG's preferred stock and, therefore, all prior preferences of such preferred stockholders will be eliminated.
About Simon Property Group
Simon Property Group, Inc. is an S&P 500 company and the largest real estate company in the United States. The company currently owns or has an interest in 393 retail real estate properties comprising 263 million square feet of gross leasable area in North America, Europe and Asia. Simon Property Group is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide. The company's common stock is publicly traded on the NYSE under the symbol "SPG." For further information about Simon Property Group, visit the company's website at www.simon.com.
About Lighting Science
Lighting Science Group Corporation designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. Lighting Science Group Design Works business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; Lighting Science Group Design Works business unit is based in Rancho Cordova, California; the company's European operations are based in Goes, The Netherlands; and, the company has a sales office in Sydney, Australia. Lighting Science Group has over 200 workers in its Satellite Beach, Florida manufacturing facility that build lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements include, but are not limited to, statements regarding LSG's ability to effect the conversion of the Series D Preferred Stock into common stock, file an information statement with the Securities and Exchange Commission concerning such transaction and increase production using terminology such as "expects," "should," "would," "could," "intend," "plan," "anticipate," "believe," and "potential." Such statements reflect the current view of LSG with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements. Readers should carefully review the risk factors detailed under "Risk Factors" in our most recent Form 10-K and subsequent Form 10-Qs.
SOURCE Lighting Science Group Corporation
Looking at that picture of the BP station - retrofitted with LSCG's Flat Low Bay LED's...noticed there were 8 that I could count at that station. Came across this price of around $300 bucks on the Vermont efficiency site. $2400 X 40,000 stations? nice contract...
Parking Garage and Canopy Fixtures ($300)
Affineon Canopy Series
Albeo C-Series Low-Bay LED
Beacon Aurora LED48
BetaLED 304 Series
BetaLED Edge Series
Cooper McGraw-Edison Concise LED
Cooper McGraw-Edison Valet LED
Elumen
Kim PGL7
Leotek LCN1 and LCN2 Series
Lighting Science Group Flat Low Bay
LSI Crossover Series
Philips Emco ELG
http://www.efficiencyvermont.com/stella/filelib/TemporarilyEligibleLEDproducts_052710.pdf
BP Selects Lighting Science Group as a Preferred Supplier of LED Lighting for Gas Stations in Europe
Ultra-Efficient and Long-Lasting LED Fixtures will Replace Inefficient Canopy Lights
http://www.marketwatch.com/story/bp-selects-lighting-science-group-as-a-preferred-supplier-of-led-lighting-for-gas-stations-in-europe-2010-10-05
Lighting Science Group to Present at United Nations Sustainability Science Workshop
Posted on: Tue, 05 Oct 2010 10:15:00 EDT
http://www.tradingmarkets.com/news/press-release/lscg_lscg_lighting-science-group-to-present-at-united-nations-sustainability-science-workshop-1210024.html
The Home Depot launches new line of Ecosmart LED bulbs
Date Announced: 30 Sep 2010
Satellite Beach, Florida – The wait is over—starting today Americans can buy a full line of ultra-efficient LED bulbs from The Home Depot that are brighter and longer-lasting at a dramatically lower retail price than similar products on the market. Built in the USA by Lighting Science Group (OTCBB: LSCG) for The Home Depot, the ECOSMART LED line includes bulbs in the common A19, PAR38, PAR30, PAR20, MR16, and G25 types. The ECOSMART LED bulbs have higher lumen or light output than similar LED bulbs, are approximately 80% more efficient than traditional bulbs, are dimmable, and will last nearly 46 years.*
“This is a very smart play for Americans,” said Joe Montana, football legend and member of Lighting Science Group’s Board of Directors. “Head to The Home Depot; pick up some affordable ECOSMART LED bulbs; install them; and sit back and enjoy substantial energy savings for a very long time. These bulbs are truly a game winner.”
“Installing ECOSMART LED bulbs really is the smart play,” said Jorge Fernandez, Merchant-Electrical, The Home Depot. “They are the highest quality, most affordable and long lasting LED light bulbs on the market.”
To ensure performance and reliability, the ECOSMART LED line was tested under the rigorous LM-79 process by an independent laboratory approved by the U.S. Department of Energy’s CALiPER program. The test results show that the ECOSMART LED bulbs outperform competing similar products on the market. Compared to a traditional incandescent bulb, consumers will save an average of $200 in energy cost over the life of the ECOSMART LED bulb.**
“Now is the time to ditch your inefficient incandescent and halogen bulbs, and to start experiencing outstanding light quality coupled with significant energy savings with ECOSMART LED bulbs,” said Zach Gibler, Chief Executive Officer, Lighting Science Group. “Plus, you won’t have to worry about pulling out the step ladder to change these bulbs for a long, long time.”
The ECOSMART LED bulbs contain no mercury, are completely recyclable, are instant on, have an estimated payback period of one to two years, and range in retail price from $18.97 for an A19 and MR16 to $44.97 for a PAR38. All of the bulbs are available on The Home Depot’s web site (www.homedepot.com) and in stores nationwide.
“Lighting Science Group is proud to be the LED technology provider for The Home Depot—the world’s largest lighting retailer—and deliver an American solution for our energy and environmental challenges,” added Gibler.
About The Home Depot
The Home Depot is the world's largest home improvement specialty retailer, with 2,245 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and China. In fiscal 2009, The Home Depot had sales of $66.2 billion and earnings from continuing operations of $2.6 billion. The Company employs more than 300,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.
About Lighting Science
Lighting Science Group Corporation (OTCBB: LSCG) designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. Lighting Science Group Design Works business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; Lighting Science Group Design Works business unit is based in Rancho Cordova, California; the Company’s European operations are based in Goes, The Netherlands; and, the Company has a sales office in Sydney, Australia. Lighting Science Group has over 200 workers in its Satellite Beach, Florida manufacturing facility that build lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.
Contact
Andy Beck
MWW Group
202-585-2288
abeck@mww.com
E-mail: abeck@mww.com
Web Site: www.lsgc.com
http://www.ledsmagazine.com/products/26981
According to my last post...that would be "management"! LMFAO
unbelievable...
EcoSmart LED A19 40 Watt Equivalent Light BulbModel # ECS 19 WW 120 Internet # 202188260
Store SKU # 864680
$18.47/EA-Each
Ships FREE with $249.00 Order
LED Lighting without compromise. EcoSmart LED replacement bulbs balance performance and affordability. There are no sacrifices - brilliantly bright, environmentally friendly, energy efficient and longer life all in one affordable package.
429 Lumens
5 year warranty
Estimated savings of $200 per bulb over the life
Dimmable - please reference approved dimmer list
Last 46 years
Eco Options : Eco Options
MFG Brand Name : EcoSmart
MFG Model # : ECS 19 WW 120
MFG Part # : ECS 19 WW 120
http://www.homedepot.com/buy/lighting-fans/light-bulbs/ecosmart/led-a19-40-watt-equivalent-light-bulb-39632.html
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SYLVANIA 8 Watt Ultra High Performance LED A19 BulbModel # 78603 Internet # 100670744
$35.68/EA-Each
SYLVANIA Ultra High Performance Series LED lamps are true replacements for incandescent lamps with outstanding light quality. The ULTRA A19 lamps use only 8W of energy to replace a 40W incandescent lamp (80% Energy Savings) and last 8x longer (25,000 hours). These lamps provide soft white light and excellent color rendition. They are a medium screw base product and are rated for input voltage of 120V. LED lamps are the most environmentally friendly lighting solution available today. SYLVANIA Ultra A19 LED lamps are ideal for table lamps, kitchens, down lights, and hallways.
Soft white lighting with excellent color rendition
80% energy savings
25,000 hours life (8x longer than incandescent)
Mercury free, lead free and no UV or IR radiation
MFG Brand Name : SYLVANIA
MFG Model # : 78603
MFG Part # : 78603
http://www.homedepot.com/buy/lighting-fans/light-bulbs/sylvania/8-watt-ultra-high-performance-led-a19-bulb-39602.html
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Vermont Offers Substantial Rebates for Installation of Lighting Science Group's Ultra-Efficient and Very Long-Lasting LED Bulbs and Fixtures
Businesses Can Now Install LED Lighting at Little to No Cost
By Lighting Science Group Corporation
SATELLITE BEACH, Fla., Sept. 21 -- /PRNewswire/ -- To accelerate the installation of ultra-efficient LED lighting, Efficiency Vermont is now offering businesses rebates for the installation of Lighting Science Group's (OTC Bulletin Board: LSCG) new DEFINITY line of LED bulbs, PROLIFIC Series street lights and Shoebox fixtures. Chosen as a result of their rigorous LM-79 performance testing and excellent color rendering index and efficacy, Lighting Science Group's ultra-efficient LED bulbs and fixtures have no mercury and very long life-spans. The incentives are being provided for retrofit, new construction and custom applications through Efficiency Vermont.
http://www.miamiherald.com/2010/09/21/1834898_vermont-offers-substantial-rebates.html
Read more: http://www.miamiherald.com/2010/09/21/1834898_vermont-offers-substantial-rebates.html#ixzz10ZbqgyGL
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August 2, 2010
Northeastern Utilities Offer Businesses Rebates for LED Lighting
Utilities under the Mass Save Program are offering Northeast businesses rebates for the installation of Lighting Science Group’s LED lighting products consisting of the DEFINITY LED bulbs, PROLIFIC Series streetlights and Shoebox fixtures, which meet LM-79 performance testing.
The incentives are available for retrofit, new construction and custom applications through Cape Light Compact, National Grid, NSTAR, Unitil, and Western Massachusetts Electric Company and cover all of Massachusetts and parts of New Hampshire, Connecticut, New York, and Rhode Island.
http://www.environmentalleader.com/2010/08/02/northeastern-utilities-offer-businesses-rebates-for-led-lighting/
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MINUTES
PUBLIC WORKS COMMITTEE
July 20, 2010
Facilities Management – FMp-045-10 – RESOLUTION – Requisition #16531, issued to Graybar Electric for Lighting Science Group Corporation Pyramid Lowbay Fixtures for 479 and 509 Garages, for Facilities Management, for the period 7/28/10 through 11/30/10, for a total contract amount of $449,450.00, per lowest responsible bid #10-076. (ARRA Energy Efficiency Block Grant Funded)
http://www.co.dupage.il.us/emplibrary/July%2020,%202010%20Approved%5B1%5D.pdf