Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Texas Business reports: GRAPEVINE—GreenHunter Energy Inc., a diversified renewable energy company focused on water resource management, biomass power generation, wind and solar energy projects, closed a non-brokered private placement of 522,500 units of GreenHunter Energy Inc. at a price of $2.00 per unit, for aggregate gross proceeds of $1,045,000.
Additionally, as part of this offering, GreenHunter's largest institutional shareholder, West Coast Opportunity Fund LLC, has elected to convert 772.5 shares of its 2007 Series A 8% convertible preferred Stock and 772.5 shares of its 2008 Series B Convertible Preferred Stock into 772,500 Units of GreenHunter Energy pursuant to the terms of the offering.
In conjunction with this closing, GreenHunter's chief executive Gary C. Evans, elected to convert $500,000 due under an existing promissory note to him into the equivalent units (250,000 Units) of GreenHunter Energy pursuant to the terms of the offering.
Each unit consists of two common shares and two stock purchase warrants.
One warrant entitles the holder to purchase one additional common share at a price of $1.50 per share and one warrant entitles the holder to purchase one additional common share at a price of $2.50 per share. Both warrants have an expiration date of January 31, 2014.
The net proceeds of the private placement are planned to be used to fund further development of GreenHunter's shift into the water resource management business associated with the oil and natural gas sector, as well as for working capital and for general corporate purposes.
The securities comprising the units issued under the private placement were issued pursuant to exemptions from the prospectus requirements of applicable securities laws and are subject to resale restrictions prescribed under applicable securities laws including a six month holding period.
“Our board of directors and senior management made a decision earlier this year to strategically change our corporate direction to concentrate specifically on water resources management directly related to the oil and gas industry,” Evans said in a prepared statement. “Due to the significant development presently ongoing in the unconventional resource plays located here in the United States, and the ever increasing needs for water due to fracture stimulation requirements, GreenHunter Energy is planning to be a significant player within this growing business segment. With the combination of this recent private placement of equity in conjunction with the negotiations currently underway on three separate acquisitions in the water resource business being pursued on behalf of GreenHunter Energy, we have begun the process of rebuilding this company in an exciting business segment that has tremendous future growth potential.”
The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: Robert Rodriguez breathes new life into an old vampire favorite; ClubCorp buys Prestonwood Country Club in Dallas and Plano; Office Depot overcharged Dallas by up to $3.6 million, city auditor finds; Texas power market monitor resigns amid unresolved reform debate; U.S. Supreme Court denies review of Farmers Branch immigration ordinance; Aggie Vanishing Act: Sale of Texas Wesleyan’s law school to A&M leaves alumni out in the cold;ExxonMobil CEO Doesn't Want a Fracking Operation Near His Backyard bDrowned bridge worker’s employer had prior OSHA violations;and more.