Green Energy Enterprises Inc. (GYOG)

[Sharktnk]

J.P. Carey raising $100 million for a new fund

Atlanta Business Chronicle - by Mary Jane Credeur
Date: Monday, October 22, 2001, 12:00am EDT

Having made just under 50 investments from a pair of private equity funds, principals with boutique investment bank J.P. Carey Enterprises Inc. are raising a third fund -- this one worth $100 million -- to invest in publicly held companies in the technology sector and beyond.

The new fund, called Carey Capital Partners, will run for three years with a two-year extension and may be tapped in early 2002 for its first investment, said principal Joe Canouse, who founded J.P. Carey in 1995.

Typical investments from J.P. Carey are made in exchange for preferred or convertible stock in the publicly held companies, assuring payback to the fund in the event of bankruptcy or liquidation.

J.P. Carey targets public companies needing small amounts of short-term capital, which is outside the traditional investment patterns of established lenders such as SunTrust Robinson Humphrey Capital Markets or Congress Financial Corp.

"Robinson Humphrey and First Union are not going to invest something as small as $4 million," Canouse said. "We are willing to do smaller rounds and we can move a lot faster to get the commitments [for funding]. We serve that underserved market that needs debt equity financing and is unwilling to wait."

J.P. Carey's other two funds, Atlantis Capital, worth $14 million, and Cache Capital, worth $19 million, account for nearly 50 investments made over the past five years, Canouse said.

http://www.bizjournals.com/atlanta/stories/2001/10/22/newscolumn7.html

joecanouse Share Sunday, March 20, 2011 9:18:09 PM
Re: GimMeeSum post# 224003 Post # of 233624

unfortunately the company is subject to involuntary bankruptcy so if i make that move tell me what u r going to do....

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joecanouse Share Sunday, March 20, 2011 9:34:05 PM
Re: B*A*N*K*E*R post# 224009 Post # of 233624

i take it to bankruptcy get everything i want
plus preferreds

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joecanouse Share Sunday, March 20, 2011 10:25:58 PM
Re: A deleted message Post # of 233624

ck out the involuntary bankruptcy filings in nevada of american urnaium and rick russel v. me and others......

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