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Flag Day: The power of those broad stripes and bright stars

What would life be like without symbols? We often use simple pictures to show complex ideas, with something small representing something big. Wedding rings mean marriage. Mobile phone icons lead to us take action. Flags represent nations.

Americans observe Flag Day each year on June 14, the day when the Continental Congress first issued the U.S. Flag in 1777. This year’s Flag Day is extra special because 2014 also the 200th anniversary year of The Star-Spangled Banner, our national anthem written by Francis Scott Key, a Maryland attorney. The U.S. Flag, America’s most recognizable symbol, inspired Key to write his famous song’s lyrics.

Flag Day special because it gives us a chance to fly our flag, which is not only our nation’s top symbol but also the inspiration for our official top song.

But it was another set of broad stripes that initially worried him. The British military had burned the U.S. Capitol and White House on August 24, 1814, during the War of 1812. Americans, both pro and anti-war, feared that British forces would try conquer other cities and force America to become part of England again. The editors of the Federal Republican-Georgetown, Key’s hometown anti-war newspaper, issued a call to action on September 1, 1814: “Unless the country is to be abandoned by the people . . . that every man should awake, arouse, and prepare for action.”

That same day Key learned that the British military had captured his friend, Dr. William Beanes. While Key had opposed the War of 1812, he desperately wanted to rescue his friend. Gaining permission from President James Madison, he set out by boat with John Skinner, the US prisoner of war negotiator, from Baltimore to find the British fleet and negotiate for Dr. Beanes.

The broad stripes that first greeted Key on September 7, 1814, however, were hardly glorious to him. When he came upon the British fleet, he likely saw the Union Jack, Britain’s national flag.

By combining the crosses of England and Wales, Scotland, and Ireland, this banner showed centralized royal power. Running across the center was a broad red stripe, which represented the single sovereign reigning over them. Another bold red stripe ran vertically to form a cross, suggesting Christianity as the crown’s authority.

Key was loyal to a different set of broad stripes, ones that symbolized representation, not royalty. Years earlier on June 14, 1777, the first Flag Day, the Continental Congress created America’s first symbol, depicting the union of thirteen colonies turned into states. Congress wrote: “That the flag of the thirteen United States be thirteen stripes, alternate red and white.”

A few years later in 1782, Congress defined the colors when it created the symbolic US seal, which features an eagle. They defined red as hardiness and valor. White stood for innocence and purity, while blue meant vigilance, perseverance, and justice.

Key knew that his flag held deep symbolic meaning as he stepped aboard the British flagship of Admiral Alexander Cochrane on September 7, 1814. Cochrane invited Key and Skinner to dine with him. Though he and another British officer agreed to free Dr. Beanes, they wouldn’t let Key, Skinner, or Beanes depart until after the British attacked Baltimore. “Ah, Mr. Skinner, after discussing so freely our preparation and plans, you could hardly expect us to let you go on shore in advance of us?” Cochrane explained.

Surrounded by Union Jacks for days, Key, Skinner, and Beanes stayed with the British fleet. Key was worried about Baltimore. “To make my feelings still more acute, the admiral had intimated his fears that the town [Baltimore] must be burned, and I was sure that if taken it would have been given up to plunder . . . It was filled with women and children.”

Starting on September 13, for more than twenty-four hours, Key watched the British Navy bombard Fort McHenry, which guarded Baltimore’s harbor. The staccato sound of rockets and bombs suddenly stopped the morning of September 14. Gone from the fort was its small storm flag.

Through his spyglass, Key must have held his breath during the silence as he wondered what would happen next. Would the Union Jack or a white flag of surrender appear at the top of Fort McHenry? Relief swept through him as he saw the giant thirty by forty-two foot U.S. flag soar to the top of Fort McHenry. While the men at the fort played Yankee Doodle, Key’s emotions took flight. Phrases such as “O say can you see” and “by the dawn’s early light” pulsed through his heart and pen. By the time he returned to Baltimore two days later, he’d written lyrics for a poem, The Star-Spangled Banner. Key’s genius is that his words were so inspirational, they could be applied to many generations and situations, not only to Fort McHenry and Baltimore. Though he didn’t know it at the time, Key had given the land of the free its anthem for the ages.

Flag Day special because it gives us a chance to fly our flag, which is not only our nation’s top symbol but also the inspiration for our official top song. Life would be less meaningful without symbols like our flag and songs like our national anthem to inspire us.

 

Award-winning author Jane Hampton Cook is a former White House webmaster. She is the author of seven books. Her latest is American Phoenix,  For more information about Jane, visit janecook.com.

 

Sale of ClearEdge Power, Inc.

Further to Gerbsman Partners emails of May 21, 2014, May 14, 2014 and May 1, 2014, regarding the sale of Assets and Intellectual Property of ClearEdge Power, Inc. (“ClearEdge”), ClearEdge and two of its subsidiaries (collectively, “ClearEdge Power”) filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code (“Bankruptcy Code”) in the United States Bankruptcy Court for Northern District of California, San Jose Division (such cases are jointly administered under Case No. 14-51955)

Gerbsman Partners – http://gerbsmanpartners.com – has been retained by ClearEdge (http://www.clearedgepower.com) to solicit interest for the acquisition of all or substantially all of ClearEdge’s assets, including its Intellectual Property in whole or in part (collectively, the “ClearEdge Assets”) and equipment, inventory, executory contract rights and work-in-progress located at ClearEdge Power’s various facilities. Attached are draft Asset Purchase Agreement, Bankruptcy Court Order on June 5, 2014 and Wire Transfer information for the refundable deposit.

Please be advised that the ClearEdge Assets are being offered for sale pursuant Section 363 of the United States Bankruptcy Code. On June 5, 2014, the Bankruptcy Court fixed June 25, 2014 as the last day for the submission of stalking horse bids. All other matters relative to the bid procedures that will govern the sale are being developed in consultation with the Official Committee of Unsecured Creditors and will be finalized and submitted for approval by the Bankruptcy Court at a hearing on June 24, 2014 at 11:00 a.m. It is anticipated that the final bid procedures will establish the complete sale schedule (inclusive of the deadline for selecting a stalking horse bid from among those submitted by the June 25, 2014 stalking horse bid deadline, the deadline for submitting competing bids after the stalking bid is selected and announced, a final auction date, and the date of a sale approval hearing in the Bankruptcy Court) and other sale terms (inclusive of amount of break-up fee for stalking horse bidder, required overbid amount for competitive bids to be considered, minimum bid increments, final deposit amount, bidder financial assurance requirements, and terms for the assumption and/or rejection of executory contracts).

Please contact Stephen O’Neill, Esq. 408 843 2719 oneill.stephen@dorsey.com and/or John WalsheMurray, Esq. 408 843 2718 murray.john@dorsey.com regarding legal questions about the Bid Procedures and Asset Purchase Agreement.

IMPORTANT LEGAL NOTICE:

The information in this memorandum does not constitute the whole or any part of an offer or a contract.

The information contained in this memorandum relating to the ClearEdge Power Assets has been supplied by ClearEdge, by third parties and obtained from a variety of sources. It has not been independently investigated or verified by Gerbsman Partners or their respective agents.

Potential purchasers should not rely on any information contained in this memorandum or provided by Gerbsman Partners (or their respective staff, agents, and attorneys) in connection herewith, whether transmitted orally or in writing as a statement, opinion, or representation of fact. Interested parties should satisfy themselves through independent investigations as they or their legal and financial advisors see fit, as the Fixed Asset, Inventory and Patent lists may not be accurate.

Gerbsman Partners, and their respective staff and agents, (i) disclaim any and all implied warranties concerning the truth, accuracy, and completeness of any information provided in connection herewith and (ii) do not accept liability for the information, including that contained in this memorandum, whether that liability arises by reasons of ClearEdge Power’s or Gerbsman Partners’ negligence or otherwise.

Any sale of the ClearEdge Power Assets will be made pursuant to the Bankruptcy Code and will require approval of the United States Bankruptcy Court. All sales will be “as-is,” “where-is,” and on a “with all faults” basis, without any warranties, representations, or guarantees, either express or implied, of any kind, nature, or type whatsoever from, or on behalf of Gerbsman Partners. Without limiting the generality of the foregoing, Gerbsman Partners and their respective staff and agents, hereby expressly disclaim any and all implied warranties concerning the condition of the ClearEdge Power’s Assets and any portions thereof, including, but not limited to, environmental conditions, compliance with any government regulations or requirements, the implied warranties of habitability, merchantability, or fitness for a particular purpose.

For additional information, please see below and/or contact:

Steven R. Gerbsman
Gerbsman Partners
(415) 505-4991
steve@gerbsmanpartners.com

Kenneth Hardesty
Gerbsman Partners
(408) 591-7528
ken@gerbsmanpartners.com

 

THANKYOU_20140606_075304from foxnews.com

 

 

San Francisco, June, 2014
Identifying Early Warning Signs & Maximizing Value of Distressed Portfolio Companies – Presentation at Stanford University by Mr. Steven Gerbsman
In  2013, I video taped a presentation on “Corporate Governance”, “Early Warning Signs” and “Maximizing Value” for under-performing/distressed venture backed Intellectual Property companies at Stanford University. This video will be for used in the Stanford Engineering School via STVP (Stanford Technology Ventures Program) and SCPD (Stanford Center for Professional Devlopment).

Please visit the attached link to view the program. http://vimeo.com/82421069

stanford1
I also was the moderator for a panel on the same subject that consisted of Marc Cadieux, Chief Credit Officer of Silicon Valley Bank, Peter Gilhuly, Esq., Partner at Latham & Watkins and Michael Scissions, Entrepreneur/CEO and former head of Facebook Canada.

 

stanford2

Please click here:  http://vimeo.com/user20057383/review/82426132/4106d6c48b

Please review and hopefully the information will assist in “Identifying the Early Warning Signs” and provide “food for thought”.

Best regards;

Steve

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their Intellectual Property. Since 2001, Gerbsman Partners has been involved in maximizing value for 82 technology, medical device, life science, digital marketing/social commerce and solar companies and their Intellectual Property and has restructured/terminated over $810 million of real estate executory contracts and equipment lease/sub-debt obligations. Since inception, Gerbsman Partners has been involved in over $ 2.3 billion of financings, restructurings and M&A transactions.

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

The 10 Hottest Apps Right Now

 

TwoDots

iTunes

This month was crazy in the app world. Foursquare, the superpopular location-based mobile app, announced that it was splitting its business into two separate mobile products.

And the popular game Dots is getting a sequel. Finally!

The App Store updates with new additions all the time, but these are the 10 apps that people are talking about this month.