We've already documented how:
BTU Power Company IIPrivate equity TITAN, Wael Al-Mazeedi "raised" $100 million from EQUITY investors and returned ~$100 million to those same investors about 2.5 yrs later... and he only had to burn through $86 million in expenses to accomplish that feat....
We will soon finish documenting how:
BTU Power Company
The same private equity TITAN, Wael Al Mazeedi "managed" a direct investment of $43 million (Carthage Power Company) + $55million (Taweelah Asia Power Company) and spent (at least):- $29 million in "start-up costs" for these acquisitions +
- $12-15 million in "restructuring costs +
- received $16.3 million in management fees.
- More importantly, nobody knows how much Wael Al Mazeedi as well as Mitsue Oishi have appropriated unto themselves.
What a fantastic "track record"....
[Note: Just so Wael knows, and email drafted by former BTU controller, Kenny Leung, and included by WilmerHale as an exhibit in the Hayat litigation specifies that as of October 2007 there were $72 million of "funded capital" in BTU Power Company. The Taweelah Asia Power Company equity bridge loan was repaid from investors' capital (~ $55 million) which was "called" on or about June 2008. It was not considered part of the funded capital back when Kenny wrote the email. Long story short, Carthage Power Company required $43 million (as documented elsewhere in this blog) so the difference between $72 million and $43 million is $29 million. The $29 million, not coincidentally, represents 10% of the $290 million the middle east investors had originally committed to BTU Power Company. It was typical of private equity companies to make an initial 10% draw-down. This $29 million was burned by Wael as "expenses."]
Open question to the QGEN team
Tibor Toth (Chief Investment Officer), Emil Mamedov (Finance "guy"), Julie Champion (manager of "investor relations")... ANY COMMENTS? We will publish anything you have to say to explain QGEN or your role in it or Wael Al Mazeedi or... whatever you want to say....
Side Note
Anyhow, maybe we can begin to understand how Wael Al Mazeedi operates after viewing the following video, from BTU Industries Holdings USA Inc's as well as QGEN's former manager of operations. Maybe we won't... It's a bit weird. In any event, Enjoy.
10 comments:
LOLOLOLOLOL Love that Andrea "Andy" Lyons video. She was the BTU/QGEN Manager of Operations & HR person.
She drove 2 companies into the ground that she and her husband ran. Hired by BTU and then was let go? Is that true Andrea? Post here, use all that Bringback Desire to post here once!
How was it that your desired working for QGEN?
I guess the desire was not so much since you didn't last too long. Who didn't last you or QGEN?
Who is Julie Campion? What the hell is an "Investor Relationships" person doing for a company with NO ASSETS!!!!
What a joke?
LOL. QGEN Investor Relations person has a BS in NURSING... is that what it takes to get investors.
Julie is a Nurse, because those are needed in the Oil & Energy business. (NO Experience required for QGEN) LOL... She looks like that former CEO assistant!
from Linkedin Public Profile.
Julie Champion's Experience
Project Manager, Marketing and Investor Relations
QGEN (USA)
June 2011 – Present (6 months) Waltham, MA
Project Manager focused on the areas of corporate marketing and investor relations.
Julie Champion's Education
Framingham State College
BS, Business Administration
Activities and Societies: Minor in Psychology
The Johns Hopkins University
BS, Nursing
Waltham High School
Julie Champion's Additional Information
Websites:
Company Website
Contact Julie for:
new ventures
expertise requests
business deals
reference requests
getting back in touch
View Julie Champion’s full profile to...
See who you and Julie Champion know in common
Get introduced to Julie Champion
Contact Julie Champion directly
They are still looking for a...
Executive Assistant to the CEO
QGEN - Waltham (Greater Boston Area)
Job Description
Do you pride yourself on being able to provide top level assistance and support to the busiest, most in-demand executives? Are you passionate about keeping your CEO organized, on time and on top of everything? Do you like being the right hand person to the top person? If you answered ‘yes’ to these questions then this may be the position you’ve been waiting for!
QGEN, a global, technology-driven energy company that is revolutionizing the renewable energy industry is seeking a ‘can do it all’ Executive Assistant to provide the highest level of administrative and executive support to its CEO.
There is a two-step interview process -
Step 1: Open house comprising of a short interview and computer testing
Step 2: Interviews with the CEO and key team members
If you're driven and passionate about what you do then apply via LinkedIn.
Desired Skills & Experience
Manage all administrative and executive support functions of the CEO office and ensure the CEO and his office remain organized and effectively utilize time and resources.
Plan, prepare and update CEO calendar and tasklist; prioritize and manage the CEO’s time.
Act as the CEO's representative andambassador to internal and external constituents as needed.
Manage CEO correspondence, including answering all incoming phone calls, emails, letters, memorandums, communication to investors and institutions. Prioritize communications, validate accompanying documents and follow up on all correspondence.
Anticipate CEO's needs and proactively bring together appropriate people and resources to support him.
Coordinate CEO travel with the Travel department and prepare the CEO for meetings by creating dossiers on participants and providing all necessary information.
Requirements:
A Bachelor’s Degree is preferred.
A minimum of 4 years experience supporting executives.
Must have the ability to communicate with high-level company and government officials and employees.
Must possess excellent computer skills.
Must have the ability to be diplomatic and think globally.
Must possess the ability to stay calm under significant pressure and deadlines.
Experience working for a start up is preferred.
Willing to do some international travel.
Diversity candidates are encouraged to apply.
Additional Information
Posted:
November 1, 2011
Type:
Full-time
Experience:
Associate
Functions:
Administrative
Industries:
Oil & Energy
Compensation:
$90,000 - $95,000
Job ID:
2130846
Here is the link:
http://www.linkedin.com/jobs?viewJob=&jobId=2130846&srchIndex=0&trk=njsrch_hits&goback=.fjs_*1_*1_QGEN_Y_*1_*1_*1_1_R_true_*1_*2_*2_*2_*2_*2_*2_*2
Maybe they hired the wrong Julie Champion. They hired a Nurse vs a Chemical & Biomolecular Engineer!
http://www.chbe.gatech.edu/faculty/champion.php
Who is running QGEN in Waltham MA? No one!?!
The Outside Laywers will be running (Leased) QGEN building soon.
Or the Fate Cosortium (SAME OFFICE)
Or the MWPartners (SAME OFFICE)
.
.
.
The list goes on! But the Investors use Google and then this Blog!
Here is a QGEN called from Julie.
Julie: Hi, would you like to invest in QGEN?
Investor: What is QGEN?
Julie: Read btuinformation.blogspot.com
Investor: FU! (Hangs up phone)
Post a Comment