TheEEStory.com

Been hearing some people here saying Mort Topfer leaving board of directors, doesn't have much significance.

Just found this document --> Link

It list these parties as Beneficial Owners

1. Weir, Richard D.
2. KPCB Holdings, Inc.
3. Long, Mike (c/o Kleiner Perkins...)
4. The 2004 Topfer Gifiting Trust (c/o Castle top...)

Topfer involvement is just more than someone just sitting on the Board of Directors, as you can see 'Topfer Gifiting Trust' is listed along with Kleiner Perkins.

Your are just a regular "Sherlock". Good work Spaceballs

Where did you find this great stuff? I never knew this info was publicly available.

There may be another form like this. If I remember the stock purchase agreement, there were 8 preferred stockholders in addition to KPCB and Zenn.

I guess Topfer was not a director at that time, just invested.

Last edited Fri, 19 Jun 2009, 9:15am by zawy

Chitown is right. I didn't spot that.

that was right around the time topfer left the eestor BoD, if IIRC.(document was signed may 9, 2007.)

zawy -

re: unchecked boxes

The Gifting Trust is presumably irrevocable, so it isn't really Topfer, so it isn't a director. The beneficial owner box I don't know - Trusts are often viewed as pass-throughs to the beneficiaries - maybe the Trust itself is not a beneficiary.

Hawk wrote:

Where did you find this great stuff? I never knew this info was publicly available.

There may be another form like this. If I remember the stock purchase agreement, there were 8 preferred stockholders in addition to KPCB and Zenn.

I was looking at EDGAR database trying to get info on a company for a relative to stop investing in (btw it wasn't Zenn.) And afterwards for kicks, I entered EEStor, and that document came up.

chitown wrote:

wait a minute... does this mean there was a $9mm round of financing in 2007?

Yeah, in 2007 with the technology agreement round A sold 211,964 at 42.46 per share raising 9 million

Round B which is in a couple of weeks set in motion from the permittivity milestone will sell 117,757 shares at 42.46 a share raising 5 million.

In total EEstor has sold 965,000 shares of common stock and has issued 507,000 shares of preferred stock.

Prior to 2007 stock offering KPCB is thought to have bought 3 million in preferred stock around 2005.

In addition to KPCB and zenn there are.

3 entities with preferred stock
1 entities with preferred stock and common stock
8 entities with common stock

AJ wrote:

Your are just a regular "Sherlock". Good work Spaceballs

you are an absolute idiot.

Thanks, Jay

in case of KP/Long, they own all of the preferred stock in the stock agreement. Topfer Trust could own a different class of stock.

accidentally hit post before checking. SB was quick on the draw and responded before I edited.

Last edited Fri, 19 Jun 2009, 9:45am by larry

larry wrote:

no boxes are checked for Topfer Trust, ie not a beneficial owner of 10% or more.

Great find SB - thanks. That certainly puts some fact to all the rumors.

Last edited Fri, 19 Jun 2009, 10:08am by rt

Good find... another "Data Point"

Nice find Spaceballs. I wonder if this now constitutes "public" information. When IC was last asked about KP (I think it was in that BNN interview) he said he couldn't confirm anyone else's involvement because it wasn't public information. Not that we need his confirmation as this document is proof enough, but I wonder what his answer would be now.

xcgeek wrote:

Nice find Spaceballs. I wonder if this now constitutes "public" information. When IC was last asked about KP (I think it was in that BNN interview) he said he couldn't confirm anyone else's involvement because it wasn't public information. Not that we need his confirmation as this document is proof enough, but I wonder what his answer would be now.

Keep in mind that this is dated 2007. It doesn't necessarily guarantee that KPCB still hold this investment.

chitown wrote:

after they invested in 2 rounds... KPCB decided suddenly that they were out... YEA RIGHT!!!!!

I'm saying that's what I think, I'm just saying that's what this document says.

Also, how do we know they invested in 2 rounds?

On a different note, look at the description of the business: "Online moving and shipping provider". WTF?

Can someone clarify the 2.5Mi sold already Vs the total 9 Mil ?

Would that be the initial Zenn investment ?

To have confirmation Topfer/Long KP/Castlerock have invested is interesting.

Would I be right in thinking that this next round will have another document filed.

Very good work Spacey

Bretspot wrote:

Good find... another "Data Point"

You should add this to your timeline.

Nice work SB,

We know the first permittivity test Dr Golla did was a few months prior to the public announcement. Maybe MT said ok my investment is safe I no longer have to attend a board meeting. It's interesting he left the board a few months before the permittivity announcement and not just after it.

Great work -- thank you Spaceballs ---

but -- " Online moving and shipping provider" --- as ShortEE says WTF?

Seems MT barely regrets the millions his Trust wasted on a that charade of a 'demonstration'...and bogus 'test data'....

Hmmm Castletop Capital Attn: Who's Alan Toplar?

Stealth mode confirmed. KP invested in EEStor but has no reference to it on their website, which lists hundreds of companies.

eestor description reads "online shipping and moving company"

WTH?

"online shipping and moving company"

Maybe points to Weirs obsession with the stealth mode.

Interesting that it is the only entry not in bold, maybe added later by someone else?

Corporate purpose clauses can be pretty broad and at the end of them there is often a clause that says" and any other activities not otherwise prohibited by law". A lot of companies start out doing one thing and end up doing another. However, having said that, this is obviously an attempt to keep a low profile on whatever it is they thought they were doing in the first place.

I am not wont to comment on topics like this but here goes.
So Topfer quit the EEStor BOD about three months before this agreement was signed and he came back onto the BOD about three months later. His trust probably has some sort of stipulation or bylaw that prohibits it from contributing to a company for which he some extent of material involvement. This window could be +/- 90 days. In fact this could be an IRS requirement.
Topfer left the BOD about 3 months ago and now EEStor is at a new funding crossroad. I wonder we will see the same pattern?
Possibly we have a few lawyers who reads this site who could comment.

Christine wrote:

I am not wont to comment on topics like this but here goes.
So Topfer quit the EEStor BOD about three months before this agreement was signed and he came back onto the BOD about three months later. His trust probably has some sort of stipulation or bylaw that prohibits it from contributing to a company for which he some extent of material involvement. This window could be +/- 90 days. In fact this could be an IRS requirement.
Topfer left the BOD about 3 months ago and now EEStor is at a new funding crossroad. I wonder we will see the same pattern?
Possibly we have a few lawyers who reads this site who could comment.

Y_NO, Christine brings up and interesting point. What is your take?. I found it interesting he left the B.O.D. very likley around the same time Dr. Golla did the first permittivity test ad well before the results were made public.