Wael Al Mazeedi's $100 million? $150 million? $190 million? hole with the BTU Power Company investors (Qatar Investment Authority, Qatar National Bank, Dubai Islamic Bank, etc.)

just to keep things in perspective.... we mentioned previously that Wael had to contractually return a 5% return on invested capital (compounded) at the latest 10 yrs after the formation of the fund. 

This 5% only applies as to whether the investors have a right at that time to remove almazeedi as the manager or not...

The ten years are almost up, as WAMo himself has stated in this btufacts.org website.

"As the BTU Family of Funds approaches its 10-year anniversary..."

Qatar Investment Authority petition to Wind-Up BTU states that they've only received $576K since the inception of the company.

What does this mean???

WAMo has to come up with about $191 million dollars between now and the next XX months. Given that WAMo has returned almost zero capital to the investors this means that their ENTIRE original investment should be accruing 5% compounded annually.  The schedule is shown below.  Granted, their entire capital outlay may not have happened in the first year...

Yr 1:    $124,000,000

Yr 2:    $130,200,000   

Yr 3:    $136,710,000   

Yr 4:    $143,545,500   

Yr 5:    $150,722,775

Yr 6:    $158,258,913   

Yr 7:    $166,171,859   

Yr 8:    $174,480,452   

Yr 9:    $183,204,475

Yr 10:  $192,364,698

WAMo has no ElMed project in his pipeline.  WAMo doesn't have 300+ acres of desert for the Victorville II project in his pipeline.

Although he is the world leader in innovation and investment for hybrid solar power and desalination plants we just don't know what he's got up his sleeve (or pipeline) for projects, or assets for that matter.

• WAMo has ZERO cash generating assets in QGEN.
• Where is WAMo going to come up with $191 million + dollars in the next XX months.

Is he going to claim for BTU Power Company, just as he did for BTU Power Company II (where he stated that $86 million were eaten up by expenses on a $100 million equity investment), that EXPENSES ate up close to $200 million.

Side Note:  WAM is not done keeping the world entertained with his shenanigans.
The Qatar Investment Authority is claiming that WAMo is trying to "swipe" the valuable assets (CPC and TAPCO) from the BTU Power Company and put them into his very own company, none other than QlownGEN (sorry, QGEN).

QUESTIONS

1. Tibor Toth, Chief Financial Officer for QGEN, as well as Emil Mamedov ("finance guy" and "technoDJeconometrist" working for Confidential), as well as Funzle Khan must have this all figured out...
2. Fiona (Mitsubishi, Mitzuho, Mitso soup, Mitsui Group, Mitsue) do you know where the money is?  Any chance it's already been exchanged for Yen and is somewhere in Japan?