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Hughes Capital Corp

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BUSINESS
July 22, 1987 | MICHAEL HILTZIK, Times Staff Writer
Federal securities regulators charged Tuesday that Valencia-based Hughes Capital, the owner of a solar-energy company named Conserdyne, made material misstatements last year when it raised more than $650,000 in stock and warrants to finance acquisitions. The Securities and Exchange Commission suspended the effectiveness of Hughes Capital's 1986 securities registration statement, meaning that the company is barred for now from issuing any new stock or converting outstanding warrants into stock.
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BUSINESS
July 22, 1987 | MICHAEL HILTZIK, Times Staff Writer
Federal securities regulators charged Tuesday that Valencia-based Hughes Capital, the owner of a solar-energy company named Conserdyne, made material misstatements last year when it raised more than $650,000 in stock and warrants to finance acquisitions. The Securities and Exchange Commission suspended the effectiveness of Hughes Capital's 1986 securities registration statement, meaning that the company is barred for now from issuing any new stock or converting outstanding warrants into stock.
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BUSINESS
February 17, 1987
Hughes Capital Corp. of Boca Raton, Fla., announced that it has completed its acquisition of Valencia-based Conserdyne, a "micro-utility" that provides discount-rate electrical power primarily from rooftop solar panels. Hughes is a 6-month-old publicly held company that intends to arrange major financing for Conserdyne. The Santa Clarita Valley firm was founded in 1979 and had sales for its last fiscal year of $1.2 million.
BUSINESS
December 9, 1986 | ALAN GOLDSTEIN, Times Staff Writer
Back in 1974, the year Jerry Brown was elected California's governor, solar energy was a hip issue. A horde of companies got into the business of designing and building solar-power systems, including one called Conserdyne, an offshoot of an electrical contracting firm. Today, the Valencia-based company is among a handful of survivors from the original pack, which has been depleted by falling oil prices and changing public commitments.
BUSINESS
January 17, 1988 | GREGORY CROUCH, Times Staff Writer
Howard E. Blumenthal, a new executive with Hughes Capital Corp., said his latest idea is to market a biodegradable process that converts everyday trash into something valuable such as energy. Blumenthal said it's a way of "turning garbage into gold." If only it had worked for his company's shareholders. Hughes Capital went public in August, 1986, and eventually raised more than $650,000 from investors.
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