Friday, December 10, 2010
The "BTU" story, as narrated by the principals (owners), in the Affidavits section.
One question to ask after reading these affidavits, why does a $1 billion venture capital fund (see postings below and comments elsewhere in this blog) need "loans" from one of its founding members, funded from a "consulting" agreement [see 1st Al-Mazeedi Affidavit, Paragraphs 27(a), 28, and 31(c-d)] and channeled through an offshore bank account in Monaco [see 3rd Al-Mazeedi Affidavit, Paragraph 13], to meet payroll or keep other BTU-affiliated companies (some of them US-based ) from "liquidation?"
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3 comments:
Dear Blogger,
I agreed that it is time to pull the plug on Wael Almazeedi, Mitsue Oishi and Christina Stephens (Wael's secretary).
Getting ready for the "liquidation" sale at 1000 Winter Street Suite 4400. Everyday I get to sit in these cool chairs in their outdated boardroom. I wonder if they will give them away to other employees as pay when this "liquidation" sale happens.
It is awesome to see them self-destruct while getting paid. I have a front row seat watching a company self-implode.
Hey Anonymous,
You still work there? How about that old conference table from the 90's or those cheap "Friday" lunches!
Cold chicken. It explains the cheap food since I guess he couldn't fund lunch for a few people unless it went thru the same channels the Blogger states "channeled though an offshore bank account in Monaco".
Do employees still have Amex Cards being turned off for lack of payment?
Hey Anonymous,
Thanks for the insider information. Post on here when the firesale happens.
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