Blog of Intellectual Capital

Also, please see https://www.cnn.com/interactive/2021/09/us/9-11-photos-cnnphotos/ – show your children so they understand what happened

All:

Please accept a “heads-up” that we will perform our annual “9/11 Observation and Announcement” on Monday, September 11, 2023 @ 0659 hours. On this 22^nd anniversary of this horrific day, we honor the 2,983 men, women and children killed in the attacks at the World Trade Center site, the Pentagon, and aboard Flight 93. May we never, ever forget. 

Anyone that would like to participate in the observation and announcement is welcome. We will gather at Station 17 flagpole at 6:55.

A special thanks to Heather Costello and her staff at Comm Center for their participation in this tribute. 

September 11, 2023, Observation & Announcement on the 22^nd Anniversary of 9/11

• This morning at 6:59 am (The time of the south tower collapse) the Marin County Sheriff Communications Center will ring down all Fire Stations in Marin, with a very special message and bells, to honor and recognize the 22^nd anniversary of that fateful day, 9/11. 
• The alert to all stations consisted of the ring of the bells 5-5-5-5 (four sets of five chimes each)
• “Signal 5-5-5-5 is a tradition deeply rooted in the history of the Fire Department of New York…  These bells honor the 343 FDNY Firefighters who answered their last alarm and made the ultimate sacrifice at the World Trade Center on September 11, 2001…  

(5-5-5-5 Explanation…Long before telephones and radios, fire departments used the telegraph to communicate. When the handle was pulled on the once-familiar red fire alarm boxes found on nearly every street corner of America, a special code was transmitted to every fire station. When a firefighter died in the line of duty, the fire alarm office would tap out a special signal. That signal was five measured dashes, then a pause, then five measured dashes, another pause…then five more dashes. This became universally known as the Tolling of the Bell and was broadcast over all telegraph fire alarm circuits. This signal was a sign of honor and respect for all firefighters who had made the ultimate sacrifice and has become a time-honored tradition)

• May we never forget the time or place and the awe and shock of it all, the unthinkable acts that were committed and the unexplainable loss followed by unity, resolve and healing. 
• This day has been proclaimed as Patriot Day and we ask that you join the Nation and remember those lost to the tragic events that unfolded before the world on September 11, 2001. This special day is also designated as a National Day of Service and Remembrance  when Americans across the country are called to volunteer in their local communities in tribute to the individuals lost and injured in the attacks, first responders, and the many who have risen in service to defend freedom.
• The World Trade Center stood for 56 minutes and 102 minutes respectively after being attacked. 
• The towers fell in 12 seconds. And while it’s said that “time heals” and that we are better prepared for the next terrorist attack and maintain an improved state of readiness, it doesn’t change the fact that 343 FDNY Firefighters and 71 NYPD and Port Authority Police Officers, never came home on 9/11 along with the 2569 innocent people that died from these unthinkable acts on that tragic day. 
• Let us remain vigilant to take all possible precautions to limit exposure and be conscious of the importance of behavior health in our first responder communities.

Mark

Mark Pomi

Fire Chief

Kentfield Fire Protection Dist

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All,

Please accept a “heads-up” that we will perform our annual “9/11 Observation and Announcement” on Monday, September 11, 2023 @ 0659 hours. On this 22^nd anniversary of this horrific day, we honor the 2,983 men, women and children killed in the attacks at the World Trade Center site, the Pentagon, and aboard Flight 93. May we never, ever forget. 

Anyone that would like to participate in the observation and announcement is welcome. We will gather at Station 17 flagpole at 6:55.

A special thanks to Heather Costello and her staff at Comm Center for their participation in this tribute. 

September 11, 2023, Observation & Announcement on the 22^nd Anniversary of 9/11

• This morning at 6:59 am (The time of the south tower collapse) the Marin County Sheriff Communications Center will ring down all Fire Stations in Marin, with a very special message and bells, to honor and recognize the 22^nd anniversary of that fateful day, 9/11. 
• The alert to all stations consisted of the ring of the bells 5-5-5-5 (four sets of five chimes each)
• “Signal 5-5-5-5 is a tradition deeply rooted in the history of the Fire Department of New York…  These bells honor the 343 FDNY Firefighters who answered their last alarm and made the ultimate sacrifice at the World Trade Center on September 11, 2001…  

(5-5-5-5 Explanation…Long before telephones and radios, fire departments used the telegraph to communicate. When the handle was pulled on the once-familiar red fire alarm boxes found on nearly every street corner of America, a special code was transmitted to every fire station. When a firefighter died in the line of duty, the fire alarm office would tap out a special signal. That signal was five measured dashes, then a pause, then five measured dashes, another pause…then five more dashes. This became universally known as the Tolling of the Bell and was broadcast over all telegraph fire alarm circuits. This signal was a sign of honor and respect for all firefighters who had made the ultimate sacrifice and has become a time-honored tradition)

• May we never forget the time or place and the awe and shock of it all, the unthinkable acts that were committed and the unexplainable loss followed by unity, resolve and healing. 
• This day has been proclaimed as Patriot Day and we ask that you join the Nation and remember those lost to the tragic events that unfolded before the world on September 11, 2001. This special day is also designated as a National Day of Service and Remembrance  when Americans across the country are called to volunteer in their local communities in tribute to the individuals lost and injured in the attacks, first responders, and the many who have risen in service to defend freedom.
• The World Trade Center stood for 56 minutes and 102 minutes respectively after being attacked. 
• The towers fell in 12 seconds. And while it’s said that “time heals” and that we are better prepared for the next terrorist attack and maintain an improved state of readiness, it doesn’t change the fact that 343 FDNY Firefighters and 71 NYPD and Port Authority Police Officers, never came home on 9/11 along with the 2569 innocent people that died from these unthinkable acts on that tragic day. 
• Let us remain vigilant to take all possible precautions to limit exposure and be conscious of the importance of behavior health in our first responder communities.

Mark

Mark Pomi

Fire Chief

Kentfield Fire Protection District

Read Full Post »

Whether he said these or not, they are still worth reading…

Churchillisms 

NO MATTER HOW MANY TIMES YOU READ THE THOUGHTFUL QUOTES OF THIS GREAT PERSON, 

THEY SEEM TO BECOME MORE TRUE OVER TIME. 

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20 Minute Leaders – Daily talks with incredible leaders around the world. Join us for 20 minutes, every day at 10am PST / 8pm ISR.  Michael Mathias, Host

Ep961: Steven R. Gerbsman Managing Principal, – Gerbsman Partners

🧍 Steven R. Gerbsman is a nationally recognized Crisis/Turnaround CEO/Restructuring Professional and Private Investment Banker who has been involved in maximizing enterprise value, stakeholder and shareholder value in a broad variety of industries. He has worked with a wide spectrum of senior and junior lenders, bondholder groups, venture capital and private equity sources, private investors and institutional groups. 

He has acted in the capacity of Crisis/Turnaround CEO, Chief Restructuring Officer, Crisis Consultant, Private Investment Banker, Examiner for the Office of the United States Trustee, a member of the Board of Directors of various companies and Advisor to stakeholder groups.

Gerbsman Partners has successfully maximized the values of 115 companies in a wide and diverse spectrum of industries, ranging from technology, medical device/life science, digital marketing to cyber security, to name only a few.*

In the process, GP has successfully restructured/terminated over $810 million of real estate executory contracts and equipment lease/sub-debt obligations, and has assisted in over $2.3 billion of financings, restructurings and M&A transactions.*

Gerbsman Partners has offices and strategic alliances in San Francisco, Orange County, Boston, New York, Washington DC, McLean, VA, Europe and Israel.

https://youtu.be/jbkzG2q8PxY – You Tube  video link to Steven R. Gerbsman presentation
 

Steven R. Gerbsman
Principal
steve@gerbsmanpartners.com
https://gerbsmanpartners.com

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Terminating/Restructuring Prohibitive Real Estate, License, Payables & Contingent Liabilities

Gerbsman Partners has been involved with numerous national and international equity sponsors, senior/junior lenders, investment banks and equipment lessors in the restructuring or termination of various balance sheet issues for their technology, life science, medical device, cyber security, solar and cleantech portfolio companies. 

These companies were not necessarily in crisis, but had cash (in some cases significant cash reserves) and/or investor groups that were about to provide additional funding. In order to stabilize their Go-Forward-Plan and maximize cash resources for future growth, there were specific needs to address Balance Sheet and Contingent Liability issues as soon as possible. 

Some of these areas where Gerbsman Partners has assisted, these companies have been in the process of termination, restructuring and/or reduction of:

Prohibitive Executory Real Estate Leases, Computer and Hardware-related Leases and Senior/Sub-debt Obligations

            Gerbsman Partners was the “innovator” in creating strategies to terminate or restructure prohibitive real estate leases and senior and sub-debt obligations.  To date, we have terminated or restructured $810 million of such obligations for private and public companies, and which has allowed them to return to financial viability. 

Accounts/Trade Payable Obligations

            Companies in a crisis, turnaround or restructuring situation typically have account and trade payable obligations that become prohibitive for the viability of the company on a go-forward-basis. Gerbsman Partners has successfully negotiated mutually beneficial restructurings that allowed all parties to maximize value based on the reality or practicality of the situation.

Software and Technology-related Licenses

            As per the above, software and technology-related licenses need to be restructured/terminated in order for additional capital to be invested in restructured companies. Gerbsman Partners has a significant, successful track record in these areas.

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in underperforming, undercapitalized and undervalued companies and their intellectual properties. Since 2001, Gerbsman Partners has successfully maximized the values of 118 companies in a wide and diverse spectrum of industries. In the process, GP has successfully restructured/terminated over $810 million of real estate executor contracts and equipment lease/sub-debt obligations, and has assisted in over $2.3 billion of financings, restructurings and M&A transactions.

Gerbsman Partners has offices and strategic alliances in Boston, New York, Washington DC, McLean VA, San Francisco, Orange County, Europe and Israel. 

Steven R. Gerbsman
Principal
steve@gerbsmanpartners.com
http://www.gerbsmanpartners.com

Read Full Post »