Energy Focus Inc (EFOI)

[Prchr]

SOLON, Ohio, July 7, 2011 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (Nasdaq:EFOI - News), a global leader in energy efficient lighting, today announced that Energy Focus, Inc. (the "Company") recently served as escrow agent for a four million share private placement of its common stock on behalf of The Quercus Trust ("Quercus"), of Newport Beach, California, its largest shareholder, and a group of investors.

Read it again. You are right, EFOI just helped with the transaction between Quercus Trust and the group of 12. Only privately held shares were sold. Wouldn't have been dilutive or cash raising at all. The article does state the company received no payment for the transaction. Again, a non-event.