Forthcoming Updates: Wael Al-Mazeedi, Mituse Oishi, BTU Power Company, BTU Ventures, etc.

It's been about 20 days since we last updated this blog.

This, however, should not be interpreted as an indication that nothing is "going on" regarding BTU, QGEN, Wael Al-Mazeedi, Mitsue, Oishi, etc. In fact, there are a lot of developments taking shape on all fronts - all of them fairly significant.

It goes without saying that Al-Mazeedi is still spending money.  Significant money is being "burned" in pursuit of his "new ventures," QGEN (or FATE Consortium, or something along those lines).  "Whose" money is he spending?  The conclusion of this blog is that the money BTU Power Management receives contractually does not even begin to cover Al-Mazeedi's expenditures.  So, then, what other sources of money can Al-Mazeedi tap?  By the process of elimination it could only be the dividends that should be going to the current BTU  Power Company investors...

Al-Mazeedi recently lost a "motion" in US Federal court (April 26).  He's been trying to construct a massive "conspiracy theory" in the eyes of the various courts.  He wants the US Federal and Massachusetts State courts to believe that "EVERYBODY" is out to get him.  His recent "loss" cuts-off all those options for him.  We'll analyze all the court decision related to this conjecture. 

Also, there are other pending motions from Al-Mazeedi's lawyers in US and Massachusetts State courts.  We'll provide updates regarding all these actions soon.