Clear Skies Solar to Sell Stake in C612 Subsidiary

Nov 24 2009 | 8:44am ET

Clear Skies Solar, Inc. (CSS) will sell approximately one third of its wholly owned subsidiary C612 to a group of private investors.

C612 was formed last year to house the patented and patent pending technologies developed in-house by CSS.

The sale is expected to increase working capital available at CSS.

CEO Ezra Green said in a statement the sale would reduce the company’s monthly expenses by about 25%, allowing for increased flexibility to meet upcoming growth plans and permit C612 to support its own working capital needs. Green said the move will also facilitate Clear Skies’ move into the smart grid market.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note