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«Oldest ‹Older 401 – 600 of 1297 Newer› Newest»rough guess on contingent fees or advisory fees or arrangement fees... or other kinds of fees...(WilmerHale happened to be on the receiving end of several of these as discussed in this blog)....
BTU Power Company II bought the other 1/2 of Meiya Power Company that they didn't already own before they sold the "entire" package to an affiliate of Standard Chartered for ~ $600 million.
a 1 or 2 percent fee (not unheard off) for XYZ services quickly adds up to $6 - $12 million.... Almazeedi/BTU must have had a long line of supplicants.
However, "rumor" in the industry is that the newest owner of Meiya Power Company paid several "multiples" above what Almazeedi received for HIS sale in 2007.
Maybe that somehow provides validity to allegations in several of the lawsuits against Almazeedi, that he sold Meiya at below-market rates (yet to be confirmed rumor is that Meiya sold - in 2010 - for at least twice what Almazeedi got in 2007). That AFFECTS the former investors in Meiya... it doesn't affect Almazeedi since he already got what he got for himself...
Has Mr. Betancourt done his deposition yet? If so, what case?
Re: Status of BTU litigation involving the following individuals:
Betancourt - Discovery through Apr 15
McBrearty - Discovery closed Feb 7
Murphy - Discovery through Apr 21
Betancourt and Murphy will be deposing Wael Almazeedi, Christina Stephens, and others.
Betancourt was noted as a deponent in all three cases. Given Almazeedi's / WilmerHale's "tactics" he's likely been deposed already.
Interesting.
So that McBreaty discovery is closed, what is the next step? Will Betancourt or Murphy or Hayat requested to come into court?
It seems like alot of wasted time and money of BTU original investors. What is there to protect?
What a joke!
When does the discovery phase of the Hayat lawsuit close?
Are any of the cases directed at Al-Mazeedi rather than BTU? What is the logic that expenses from these lawsuits should be covered by the investors?
Al-Mazeedi just recently filed a response to the Hayat litigation in early February. Discovery happens after the judge establishes a scheduling order. My "guess" is that it would be starting around this time-frame. Hayat's claims will involve lots of document production by BTU/Almazeedi/Oishi and lots of depositions.
All four of Hayat's claims are against Al-Mazeedi personally (as well OIshi and "BTU".)
Five out of seven of Betancourt's counterclaims are against Almazeedi personally (as well as BTU Ventures).
McBrearty did not file counterclaims. Murphy did not file counterclaims.
The common threads throughout Almazeedi's allegations are:
He claims people are "conspiring" against BTU.
He claims people are trying to "undermine" BTU.
He claims people are trying to "remove" him as the "Manager" of BTU Power Company.
He claims that people are trying to "extort" BTU.
Etc...
In other words, he is painting everything and everybody in such a way that he can show himself as the "savior" of the Middle East investors's money. As he claims in his Founder's Statement in btupower.com - he is only carrying out his duty to "protect" the investors money.
Several current investors have asked to have their investment returned (from Betancourt litigation) and several former investors sued because they believe they were shortchanged (IFIC litigation). In other words, what he claims he is doing for the investors and what the investors have stated that they want/wanted are seemingly very different.
Has anyone on this blog met Mr Hayat? If yes, what is he like compared to WAM?
Also, what was Ms Oishi to work with when she did at BTU?
Thanks to the MIT Conference.
http://www.mitenergyconference.com/2010/files/2010_MIT_Energy_Conference_Brochure.pdf
Page 18 QGEN
It is exactly Mr. Wael Al-Mazeedi style. Crappy graphics. Really? Title sponsor?
Compare it to other Title sponsors.
Page 5 Polaris
Page 7 BP
Page 12 RockPort Capital
Page 18 QGEN
Do I have to squint to see something?
Does anyone know why QGEN's website would be going through this proxy server? What is the benefit of doing this?
http://proxxit.appspot.com/www.qgenenergy.com
It means current IT Manager Tony Ventura likes Google Docs.
Someone is trying to hide where servers are being located. It allows anonymous IP tracking, like Blogspot does here. Nothing to worry about thou.
Freedom of speech.
I really doubt they have 19,000 pageviews ever!
Unless Wael stays on his own site all day hitting refresh awaiting the patents to arrive from the stork.
You could use
http://proxxit.appspot.com/btuinformation.blogspot.com
Like the stork comment above! LOL
BlueLanGroup moving closer to BTU QGEN, buiness must be good with Mr. & Mrs. Al-Mazeedi.
blg
keeping IT simple
15 Lincoln Street, Suite 363
Wakefield, MA 01880-3001
877-258-7711 x709
508-437-4788 fax
traci@bluelangroup.com
To: BLG Customer
From: Traci Moniz, Office Manager
Re: Billing Address Change
Date: March 1, 2011
As of April 1st, Kindy change BLG's billing address to the following:
Blue LAN Group, Inc.
15 Lincoln Street
Suite 363
Wakefield, MA 01880-3001
You attention to this matter is appreciated. If you have any questions, please contact me at 877-258-7711 x709. Thank you!
No updates for a few days now?
We've had some issues with the comment systems - tried to upgrade to a more flexible system but comments weren't syncing properly. A lot of activity going on related to all the US-based litigation. Both sides had to provide a joint status update to US Federal Court. A certain deposition was supposed to have taken place last month. It was deferred for "medical reasons." I'll let you guess which side provided that excuse.
Note: the previous comment related to the deposition was for the Murphy litigation.
Can someone tell me if there is any relationship with this singer Yasmeen Al-Mazeedi ... didn't like her performance sounded fake... he might need to put more money into her singing classes and tons more on video production
http://www.youtube.com/watch?v=-FQBUam0NDU
Takeshi Oishi, 86 anos, comerciante, filho de Usako Oishi e Ai Oishi. Deixa viúva Mitsue Oishi. Sep. às 16 h, em cemitério a ser designado, saindo da capela Nossa Senhora do Carmo – Paranaguá
Yes. That is Yasmeen Wael Al-Mazeedi singing in her bedroom.
Can someone help me understand the relationship between Akira Naoi, Mary Beth Bruce, Mitsue Oishi and Wael Al-Mazeedi. Were these people consultants to BTU? and if so why does he hire people that don't bring value to the company. Seems like he gets people just to do his dirty deeds when he wants and picks his dry clean and take out...
Who is Akira Naoi? Has she been to BTU/QGEN before? Mary Beth has been to the office and our company parties.
Is this her? Established a new astrological theory:
http://www.akiranaoi.com/information.html
If so is it Wael or Mitsue who is into this stuff?
Akira was some mystical/spiritual guru from Japan that provided guidance to BTU Ventures/mitsue/wael. He was listed in the office phone list at one time. I believe what he practiced was called cosmic astrology. Maybe he was tied to that zen garden that they used to hav in winter street, waltham.
Spomeone in finanece told me once that mary beth was paid ahead of other vendors and consultants. Pretty big checks too.
I think akira was being paid from BTU ventures payroll at one time.
Hmmmm....
Perhaps with the psychics and "cosmic Astrologers" (as opposed to, I guess, terrestrial astrologers) WAM likely knows the outcome of the litigation will be favorable else he would drop it.
This, perhaps, also explains the plans for a constellation of space based power plants.
Well looks like WAM did BAM THANK YOU MA'M to the investors money and spent it on Voodoo japanese dolls, tarot card and ass hair reading, secret microphones for illegal tapping, expensive singing lessons for his daughter i, over priced consultants that picked up laundry and bought groceries, body guard protection him from people farting in his general direction, lawyers and lawsuits up the ying yang... and many more ammenities rather than producing some sort of revenue for the investors and running a real business. Is someone taking notes for the book? Hey Harry Potter move over... here comes WAM "The Thief of Bagdad" with Akira, Mary Beth, Mitsue. Ready for the HBO movie???
the following two comments are repeated rom another section
I wonder what former IT Manager Murphy knows of the true events and actions of Mr. James Commodore.
Any idea on his deposition?
His deposition is being held up because Almazeedi has been trying to get Mr. Murphy's iPhone and do a forensic analysis on it. Mr. Murphy is concerned about the fact that Almazeedi posted unsubstantiated confidential information obtained from depositons on his btupower.com website. Mr. Murphy wants to ensure that Almazeedi complies with confidentiality agreements as he has personal and confidential information on his phone. The trial judge issued an order on this matter earlier this week.
What was the trail judge order say?
Magistrate Judge Robert B. Collings: ELECTRONIC ORDER entered re [36] Joint statement of counsel. The Court shall tolerate no further delay on the forensic review. Counsel shall have until cob on March 31, 2011 to reach agreement on all aspects of the review and submit to the Court an agreed-upon order specifying the protocol for the review, including any protections needed. If agreement cannot be reached, each side shall file on or before cob on April 7, 2011, motions seeking orders governing the review and the Court shall thereafter issue whatever order it deems appropriate.
Almazeedi has kept extending the forensic review (discovery) as he seemingly keeps asking (through WilmerHale and Foley Hoag) for more and more things...Depositions could take place once the forensic review is finished... perhaps he doesn't want to finish the forensic review
When does Mr. Wael Al-Mazeedi's deposition take place?
Has it been scheduled for any of the legal cases against vs. Betancourt, vs. McBrearty or vs. Murphy?
And what about his secretary Ms. Christina Stephens?
Am I correct saying that this appears to be the first deposition of Mr. Wael Al-Mazeedi?
Is it true that QGEN owns no power assets?
Yes, it is true that QGEN owns no "assets."
QGEN claims to be a developer, owner, and operator of utility-scale hybrid power and water desalination plants. If that were the case, any system operator in the world (of the electrical grid and the water transportation network) would absolutely have to know about them.
Anybody who owns utility-scale generation and desalination assets could impact the reliability/security of the network they operate in. Consequently, they not only need to be known by the system operators, they have to be allowed by the system operators to connect to their network. This would be publicly-available information.
We can't find anything, anywhere in the world indicating that QGEN owns anything (maybe, pens, paper, office furniture, etc. but not utility scale hybrid power and desalination plants).
Has Betancourt done a deposition of Murphy?
According to the court records in the Murphy litigation only one deposition has been carried out. All other depositions are "on hold" until the issue of the protection of Murphy's personal and third party confidential data are resolved. Murphy is concerned given Almazeedi's use of confidential litigation-related information in Almazeedi's btupower.com website. The judge has given a deadline of March 31st for the parties to come to agreement.
Does anyone know the current state of the financial affairs of BTUPower and its related companies? In other words are they still functioning as usual?
Will Betancourt do a deposition of Murphy?
Regarding the question on the financial affairs....
The parent company of BTU Power Management, BTU Ventures Inc., etc. is in "OFFICIAL LIQUIDATION." This information was just published in the Cayman Islands Gazette a couple of days ago. The official announcement is included below:
BTU HOLDINGS COMPANY
(In Official Liquidation)
(“The Company”)
The Companies Law
Notice of Creditors’ Meeting (O.8, R.2)
Grand Court Cause No. 35 of 2011
Registration No. 125586
NOTICE IS HEREBY GIVEN THAT the first meeting of the creditors of the above Company will be held by telephone conference from the offices of KPMG, 2nd Floor, Century Yard, Cricket Square, Grand Cayman, Cayman Islands at 10:00am Cayman time on 13th April 2011, on international access number 1(281) 319-9872 or US access number 1(866) 212-4398, participant passcode: 5302584637#.
In order to be eligible to attend this meeting each creditor is required to have submitted a Proof of Debt and have sent written notice of his/her intention to attend to the Joint Official Liquidators, contact Lea Kuflik on lkuflik@kpmg.ky by close of business on 11th April 2011. Should any creditor wish to submit a claim against the Company, please email Lea Kuflik on the above email address to receive a Proof of Debt Form in accordance with the Companies Winding Up Rules 2010.
Dated this 28th day of March 2011.
S WHICKER
Joint Official Liquidator
The address of the Official Liquidators is: PO Box 493, Grand Cayman KY1-1106 Cayman Islands
Contact for enquiries:
Ms Lea Kuflik
Telephone: 345-815-2601
Facsimile: 345-949-7164
Email: lkuflik@kpmg.ky
Address for service:
P.O. Box 493, Grand Cayman KY1-1106 Cayman Islands
Telephone: 345-949-4800
Facsimile: 345-949-7164
I guess that answers my question. Looks like WAM might be up shit creek w/o a paddle. Wonder what kind of price discount they'll give to the shares. I would assume that original investors now will take a more important role and become more crutial now that there is a liquidation process. They might even get some ideas from these comments... haha
But BTU Industries lives on? QGEN?
Good question. All the electric power and desalination assets are owned by BTU Power Company, a subsidiary of BTU HOLDINGS COMPANY.
BTU Industries and QGEN are "going concerns" on the basis of whatever business they are involved in that generates revenue. That business is?
"going concerns"?
In a broad sense, a business that is a "going concern" is financially viable. BTU Industries and QGEN are financially viable on the basis of whatever business they are involved in that generates revenue. The question is, what is that business?
Does anybody know who Tayseer Abdel-Halim is ...? He appears in corporate records for BTU HOLDINGS COMPANY.
He was supposedly still a director of BTU HOLDINGS COMPANY as of March 17, 2008.... He was not removed as a director the same way Abdulmohsen Hayat was (with the help of Maples & Calder)...
I'm sure Mr. Al-Mazeedi and Ms. Oishi have already thanked you many times, Mr. Simon Firth (at Maples & Calder).
Too bad you couldn't help them more so BTU HOLDINGS COMPANY didn't have to declare Voluntary Liquidation (unless this was planned all along.)
What's more, this has turned from Voluntary Liquidation into liquidation administered by the Grand Court of the Cayman Islands.
Cheers, Simon!
"All the electric power and desalination assets are owned by BTU Power Company, a subsidiary of BTU HOLDINGS COMPANY."
BTU Power is not a sub of Holdings.
I think we've been punked. People equate the bankruptcy with a downfall of BTU/Wael. I doubt it. What do you think Wael/Simon have been doing for several years?
How much do you want to bet that BTU Holdings Company has no assets and no liabilities and is just an empty shell?
QGEN/Wael controls the other entities, doubtful any entities but Holdings will fall, unless Wael wants them to, when he wants them to.
Whatever value, rights or assets Holdings had is surely no longer in Holdings and is resting comfortably in another Wael controlled entity.
We assume that Almazeedi has taken care of himself.
Nothing in the US or the Cayman Islands has happened (regarding "BTU") without his consent...
"Punked" is probably the most appropriate term...
BTU Power Company is not a wholly-owned affiliate of BTU HOLDINGS COMPANY... it's held through BTU Power Management Company (making it, an indirect sub... although, Wael likes to play it up in his "Track Record" BS).
There are a whole bunch of "BTU" clones out there, out of Hayat's reach, that now control the "assets."
Is there a path to follow "assets" moving as you state "out of Hayat's reach" to Mr. Al-Mazeedi?
It seems Hayat will have a better case now.
Can Al-Mazeedi gift the assets to himself? Bonus?
Can anybody shed some light on what's going on in the following (representative) links. If you type a search term such as "Wael Al Mazeedi" or "BTU Ventures" etc. These weird websites come up in Google.
They are meant to appear like articles written "independently" by different people, except that many of the "authors" say the exact same thing.
Phrasing used by Almazeedi in his previous websites and press releases appears to make up most of the content.
Very interesting phenomena to say the least. Almost appears coordinated. Most of those "articles" are dated around March 31, 2011.
http://btuventures.livejournal.com/936.html
http://www.pinagina.com/industry-expert-wael-al-mazeedi-btu-industries-345.html
http://www.caligulashots.com/tag/wael-al-mazeedi
http://www.jeffhenriquez.com/btu-group-btu-ventures.htm
Here's another interesting link... I wonder what's going on?
http://btuventures.blogspot.com/
Maybe there's not much of a phenomena going on after all....
The following is part of the disclaimer used by one of the blogs with a "BTU" article:
"This blog is a personal blog written and edited by me. This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation.
The compensation received may influence the advertising content, topics or posts made in this blog. That content, advertising space or post may not always be identified as paid or sponsored content...."
Title of "Article": btu ventures: big news getting bigger!
http://holistic-choices.com/category/uncategorized/
Not really gone for ever! Love the Internet.
http://web.archive.org/web/*/btuventures.com
Again, here is the best link: You can't lose your past. Love the INTERNET! :)
http://replay.waybackmachine.org/20081223215947/http://www.btuventures.com/
Once on the internet, it is there forever and no money in the world can clear away your past.
You can pay Internet Branding companies to post tons of statements, but they can't touch the internet archiving machines out there.
Even Google which hosts Blogger has everything about everyone forever.
Google is evil. In this case it is a good thing, just smiling knowing more money is be wasted for nothing.
What is that famous saying...
Kudos to the person that posted the link to the waybackmachine. That was a fantastic find.
You're welcome.
Anytime you find one of those PAID for blog postings, just enter it into the waybackmachine link.
Just go to:
http://replay.waybackmachine.org/20081223215947/http://www.btuventures.com/
then enter the PAID for blog posting.
http://liveweb.waybackmachine.org/http://holistic-choices.com/category/uncategorized/
and presto, you have it now documented forever :)
It is very simple and LEGAL to cache the INTERNET PUBLIC DOMAIN websites as waybackmachine does for FREE.
More power to the Bloggers. (www.eff.org)
Strange, when you search BTU QGEN in Google you get links to what appear to be recent stories about Wael/BTU dated March 31, 2011 but says Wael is CEO of BTU Industries, not QGEN.
When you click through on the link to Wael you get a press reelease showing the Arab forum was from 2008! Is Wael is paying someone to repost stories to show up high in Google searches to counter the negative BTU Blog posts which dominate the search results? Or cooincidence?
Either he is paying them or this company buys search results and posts to get visitors to their site.
http://www.arthurworldservice.com/third-u-s-arab-economic-forum-wael-al-mazeedi-khelil-377.html
Another similar one mentions QGEN instead of BTU, but same issue, recent post of three year old story..
http://www.worldbuyingstock.com/tag/btu-group
What is the status of his, Mr. Wael Al-Mazeedi, deposition in the Betancourt case? (the oldest recent case)?
Or has he already done one?
I believe depositions in the Betancourt litigation are still pending. Discovery is due to end April 15.
Who is Betancourt going to do depositions of? Isn't time running out?
Almazeedi will probably use the "change in attorneys" argument (i.e. "excuse") to ask for an extension in discovery (i.e. depositions) with the Massachusetts State Courts and US Federal Courts... (see the most recent posting - April 4, 2011) for more info on WilmerHale's EXIT.
Wael is playing chess, the others checkers. Brilliant move by Wael to get WH to walk away at a critical time. He is a victim, feel sorry for him. Buys him time to get his bags packed and slip out of the country.
Either that or WH is scared $#itless and knows the boot is going to drop on him, hard. They aren't criminal lawyers and have probably advised Wael to retain criminal defense lawyers.
Anyone on this site care to recommend a good criminal counsel for Wael?
Poll for this site:
After conviction:
A. Will thesmokinggun.com use his E&Y photo or B. Will thesmokinggun.com use a police mug shot?
from WilmerHale filing (April 4, 2011):
By agreement including the Joint Liquidators, VENTURES ASSIGNED ITS CLAIMS AGAINST defendant Daniel McBrearty in this matter to the co-plaintiff, BTU Industries Holdings USA, Inc. (“Industries”).
Foley Hoag has "entered appearances" in Betancourt litigation and Murphy litigation on behalf of BTU Ventures???
Don't know what happens to Leonard Learner. WilmerHale probably qualifies as 1st tier legal firm in Massachusetts. Foley Hoag probably qualifies as 2nd tier legal firm in Massachusetts. Leonard Learner?
Joint Liquidators for BTU HOLDINGS COMPANY (Caymans) have to give consent to BTU Ventures' decisions???
Complicated game being played by Mr. Wael Al-Mazeedi.
Bottom line ass far as control is concerned:
BTU Industries Holdings USA Inc = BTU Ventures, Inc. = QGEN (USA), Inc. = Fate Consortium = BTU Power Company = BTU Holdings Company = BTU Power Management = BTU Power Company II = BTU Power Management Asia = Etc. = WAEL AL-MAZEEDI.
One person controlling the levers of power should only need 1 lawyer.
Good point. And still NOT ONE PATENT or R&D for any of them. What a joke!
Talk about Good Fortune, the agreement also reimburses for expenses. $8 million plus expenses! What Chutzpah.
Can only afford one layer.
Mitsue has always controlled the levers. Wael is just the title (CEO) and her puppet. Both don't have any REAL engineering experience in the GLOBAL Power industry, now for that matter any industries.
Just use the
waybackmachine.org
And try to find anything REAL.
McLayton,
You forgot to list MW-PARTNERS = WAEL AL-MAZEEDI too.
Good Point. Lots of names to keep track of! Wonder if he uses a crib sheet to keep straight which company he "is" at any given moment?
LOL
So Mr. Betancourt could see a light at the end of this after all. See:
http://news.yahoo.com/s/ap/20110408/ap_on_re_us/us_irs_whistleblower_collects
nice!
Does anybody still work for BTU Ventures? Does it still exist? A while ago people worked for BTU Ventures even though they were doing work for QGEN or FATE Consortium. Does the move to the new building in Winter St. mean that only QGEN exists now?
Are the "partners," meaning the co-owners (e.g. Marubeni, Powertek, ADWEA, etc.) of TAPCO and CPC aware of this? Are the lenders (responsible for the billions of dollars in project fiance) aware of this? I imagine they would have to give their consent before some other "entity" came along to "manage" the assets. It'd be hard to see how, say hypothetically, a "hot dog vendor" from Queens could buy the shares of BTU Ventures and/or BTU Power Management Company (under the court-supervised liquidation of BTU Holdings Company in the Caymans) and become the co-owner/operator of TAPCO and CPC.
QGEN exists on paper but what else does it do? How will it manage and operate the assets that it currently does not actually have?
It's just perplexing to see how Wael Al-Mazeedi wants to "collapse" the previous BTU "structure" (the one that involves Hayat) and fold everything into QGEN (the one that doesn't involve Hayat).
What do the current employees or contractors of BTU Ventures or QGEN think of all this? Or, perhaps, they don't think about it???
Is the expression "a paycheck is a paycheck" the determining factor in everyone's individual decisions? Perhaps.
Anybody that is aware of Almazeedi's history and "record" and is willing to cooperate or go along with everything is complicit with him.
The partners don't need to know and neither do the lenders. Power Management manages the assets, BTU Ventures never did.
"..and become the co-owner/operator of TAPCO and CPC." This is not true, Ventures never was an owener/operator. Remember, Ventures and Industries (USA) and QGEN are not owner/operators, they are service firms that employee people in the U.S. Read the blog, they don't own anything, don't really manage anything either, just exist and spend money.
End of the day it doesn't matter what you name the company (Ventures/QGEN), the same people are managing the assets. And by "assets" we are talking about the investors money not power plants. For TAPCO we aren't talking about running the plant, BTU investors have a small minority ownership in TAPCO so others "manage" the power plant. For CPC it is more of an issue, but BTU/QGEN doesn't manage day-to-day ops either.
Poor investors.
Shame on his employees and investors.
Sorry, stupid people + stupid CEO = perfect match in my eyes. Yes, my paycheck is a paycheck for now.
Summer layoffs are better. The writing is on the wall.
They are coming.
Congrats to 500 comments! I wanted to be the one.
Awesome blog.
Thanks 500! We'll keep going for sure... We've learned much from all the comments in this blog...
"McLayton"
btupower.com has changed again. Strange, still nothing important, no patents and still nothing to report.
Are we going back in time again?
Do you know whom Mr. Betancourt is deposing? When?
What's new?
The Husky German update: I heard around the office that she has a boyfriend.
Man that dude must really need to have his head checked! Desperate to be hitting that! Yuck! brrrrr
There are new developments. We'll post them as soon as we are "cleared" to do so...
Somebody else in this comment section already postulated that the liquidation of BTU Holdings Company doesn't really change anything... Hopefully we'll be able to elaborate more on that premise soon.
and yes, it does appear that we are not going "Back to the Future" but "Forward into the Past"... btupower.com has changed... the "Founder's Statement" is now not front-page news... it's been relegated to a place elsewhere in the website... it's not "displaying" correctly, at least not on Firefox... it might be on Safari, which seems to be WAM's browser of choice... anyhow, in addition to that one "nit" there are a several other incongruous changes that may not be apparent at first... the new website is copyrighted by BTU INDUSTRIES (2011)... the old website was copyrighted by BTU VENTURES (2007)... looks like WAM is trying to integrate BTU Power Company into HIS "family" of companies (or at least give the appearance that this is the fact)...
the basic premise to the previous comments is that WAM would not have placed BTU Holdings Company into "liquidation" if it would be to his detriment/disadvantage... there are other reasons why he took this path... Maples & Calder probably know them... WilmerHale may have known them before they "withdrew" from representing BTU Ventures, Inc... the point is, SOMEBODY KNOWS
LOL
Her ASS is so HUGE it matches her linebacker shape, you should see how huge it looks on our QGEN video cams.
LOL
Why hasn't WilmerHale received bad press for "withdrew" from BTU Ventures.
Did they see the light?
FINALLY - A QGEN PATENT !!!
http://blogs.discovermagazine.com/badastronomy/2011/03/07/the-turbo-encabulator/
I thought this was Husky German patent!
http://www.youtube.com/watch?v=rAx3B0U20Ho&feature=fvwrel
somebody asked about WilmerHale's disappearance. our conclusion is that they left in the "middle of the night." they also left with a very uneven record. they lost most of their court battles (Federal as well as Massachusetts State) with regards to ALL of Al-Mazeedi's litigation.
however, WilmerHale, no doubt, WAS PAID tremendously well during their 9 year run with Al-Mazeedi.
we guess it runs into the millions. parting is probably a "sweet sorrow."
9 years! WOW. Those are some big legal bills and they get to leave. Nice for them. I guess they are "Winning" by dropping him as a client.
Has anyone found ANY patents (applied, pending or granted) of Mr. Wael Al-Mazeedi or Mitsue Oishi.
I guess all of this is moving into Courtrooms soon. This would be one of the questions for deposition of Al-Mazeedi.
I guess WilmerHale lawyers knew the answer = None
McLayton:
What is the status of all the legal cases?
Betancourt?
Murphy?
McBrearthy?
Hayat?
Any news?
Our office vibe today sucked.
Things are happening on various fronts. We'll provide updates as soon as we can. We need to ensure that anything we communicate through this blog is in the public domain even though it may not be widely known.
Vibes at BTU Ventures, BTU Industries, QGEN, etc. are direct reflections of Almazeedi's mood, whether he's in the office or not. Almazeedi's inner circle is very good at making sure everybody gets HIS message.
Something significant must have happened yesterday to set that of. The menu has many selections: Hayat, Betancourt, Murphy, McBrearty litiagion, unhappy current investors, past investors, etc.
Perhaps Wilmer - Hale left because they were NOT getting paid.
It wouldn't be the first time BTU / QGEN either didn't pay or was VERY (more than 6 months) late in paying.
Love the "HIS message" quote. As funny as the quote on his site!
http://www.qgenindustries.com/technology.htm
"QGEN has several patents pending for its proprietary hybrid plant design configurations."
What is a "hybrid plant design configurations"??? Worst wording in history...
BTtU had 100,00s of thousands of $ (~500k) in unpaid legal bills (Freshfields) that were over a year old. Almazeedi/Oishi just didn't want to pay them.
Mary Beth Bruce, the woman that according to this blog is WAM's psychic medium was paid ahead of almost all vendors when I was there.
LOL so did she see this coming!
Betancourt litigation: court filing from today (April 21) shows a request for discovery extension (until July 1), due in part to "Unavailability of certain witnesses for deposition due to medical issues." We'll leave it up to everybody else to guess who those CERTAIN WITNESSES are...as we've mentioned before, it appears Betancourt's already been deposed. that narrows down the options as to who is yet to be deposed.
Is Betancourt going to depose Murphy or any others?
BTU already deposed Betancourt www.btupower.com leaked confidential answers.
Why Discovery extension until July 1? How many people is Betancourt deposing?
What happened to this blog? Is McLayton on vacation? Nothing to update?
NO PATENTS for all Al-Mazeedi past, present, or future.
Christina loves Tony. She wants him. yuck!
No news on btupower.com
No News on btuventures.com
No news on btuindustries.com
No news on qgenindustries.com
No news on qgenenergy.com
Where is the blogger? Working? Vacation? Or busy getting ready for court?
Friday lunch sucks every week.
ditto, always crappy dry chicken that we await to eat while the dope hides in his office.
For those that ask why we work here? A check is a check, sorry in this market I need to stay on until the doors close.
I think all of us will be collecting this summer.
In response to a previous inquiry, it was a vacation of sorts. Also been awaiting results of some decisions from court. Writeup of court events forthcoming...
By the way, in the Betancourt litigation the judge has ruled that no more extensions will be granted in order to complete discovery (e.g. depositions).
As we've mentioned before, Betancourt's depositions seems to have been completed. "Illness" has been claimed as a primary excuse for the remaining depositions (e.g. Almazeedi, Stephens, etc.).
In other words, "no more excuses" for delaying depositions.
Will Betancourt depose Murphy since Murphys' lawyer submitted a key video into Federal Court?
Mr. Murphy will be deposed.
Mr. Murphy's role is particularly relevant given that he's been instrumental in Almazeedi's lawsuits against others and sued himself by Almazeedi.
It will all get very interesting soon.
Did anyone notice:
http://qgenenergy.com/technology.htm
"QGEN has several patents pending for its proprietary hybrid plant design configurations."
Really? Really? What planet?
United States Patent and Trademark Office results?
http://search.usa.gov/search?sc=0&query=QGEN&locale=en&m=&affiliate=web-sdmg-uspto.gov&filter=moderate&commit=Search
Sorry, no results found for 'QGEN'.
Sorry, no results found for 'almazeedi'.
Sorry, no results found for 'Wael Al-Mazeedi'
Sorry, no results found for 'QGENENERGY
Could Mr. Al-Mazeedi please tell me what planet?
It seems that if Mr. Murphy is deposed, it will expose Al-Mazeedi to alot of serious legal issues.
How long did Murphy work for Wael Al-Mazeedi?
almost 2 years. Why?
Blogger, please update your main page to tell us what is going on with all these cases.
Great Blog by the way.
Mr. Betancourt or his laywer(s),
Ask Murphy what he owns for stocks! (Off the record of course). Ask him during a break in his deposition.
I heard he has a crazy return on his investments. He has over a 300% return in the past 3 years.
Amazing, if true.
I'm sure some people on this blog would love to know too.
I know Murphy, he is up over 400% in 2 years!
I don't think he will want to post it here. Sorry readers.
وأنا أعلم ميرفي ، وقال انه يعود أكثر من 400 ٪ في 2 سنة!
لا اعتقد انه سوف تريد نشر هنا. عذرا القراء.
أحب أن أعرف نظامه.
Murphy is an Apple worshiper. He bought Apple at $4 or some very low amount and hasn't sold. Has some gains on buy/sell but is a longterm holder and of course, Apple stock has performed exceptionally so this gooses his overall return.
Past performance is no guarantee of future results.
I call him a smart investor!
He bought at $4 a share in 1997 that is correct when everyone was calling Apple closing.
He sold some to buy a house 2005. Had something like 2K shares so current value is at least $700K range. Apple is only 1/3 of his holdings.
I listened to him when he bought more at $79 mid Jan. '09, I only wish I bought as much as he did.
So you can estimate that he has at least a 8,700% return since 1997 on Apple alone!
So Apple worshiper? Hmm maybe. I wish I had a 8,700% return! or even a 400% return in the last 2 years.
I will ask him when I see him next week what he is buying now.
Apple worshiper, Apple Certified, Microsoft Certified, Electrical Engineer and side-kick crazy stock picking = someone I would ask advice!
No wonder he got his walking papers (Lay-off) from Mr. Al-Mazeedi. Then sued.
I worked with Murphy at the Al-Mazeedi home. He was paid to watch us.
Murphy could have done all the work on the home office.
Murphy did all renovations on his home (All electrical wiring, All plumbing, kitchens, bathrooms [he bought an investment property]) He did all of it FOR LESS than a small home office for a company called BTU Ventures. Is read on this blog. WOW.
Again, No wonder he got his walking papers.
He holds alo of technology:
AAPL @$4
ARMH @$5
8700% return! WOW. 87 time his investment. Good for him.
I guess him working as an IT Manager gave him the freedom to read up on stocks since he only had a few employee to support for BTU. Right?
Is BTU out of business? Is everything now Qgenenergy now?
So investors approved this?
Has that FAT HUSKY German healed to do a deposition yet?
NO PATENTS STILL? Man do his lawyers type slow!
Wait there are none! None pending. None filed. None granted.
Scorecard
Al-Mazeedi Patents = 0
Lawsuits = 5 (Is that correct?)
Correct.
Is it true that the Husky Fat German still employed with Al-Mazeedi/Oishi?
Is Mrs. Al-Mazeedi's (Oishi) driver been let go? Is the money running low?
Husky is still working for Mr. Al-Mazeedi.
Shana Sadiq
Aref Kooheji
does anybody know what the multiple links are between these people and BTU (Almazeedi). The first and most obvious link is that they both come from a country that's recently been all over the news...
someone asked a question earlier regarding BTU, QGEN, and the "current" Middle East investors (inquiring whether the investors had agreed with Almazeedi's transition)...
Almazeedi can do (has done) pretty much as he pleases with the original investment and any attendant profits tied to the Middle East investors. He's been doing this for the past 8 years at least.
there's a clause in the BTU Power Company Offering Memorandum stating that if Almazeedi has not returned the investors original capital plus 5% return they can remove him as the manager after 10 yrs from the original investment closing date...
anecdotal evidence (as well as Betancourt's declaration in US Federal Court) shows Almazeedi hasn't returned "squat" to the Middle East investors.
this means that Almazeedi can keep "milking" BTU Power Company and BTU Power Management for the next 1+ yrs. after that period, the Middle East investors will have to "find" Almazeedi in order to make any kind of claim against him.
by then Almazeedi will surely have a "new and unpublished" address...
He has no reason to stay here in the United States after his daughter graduates soon from Lexington High School Class of 2011.
Could this be the new QGENEnergy Tag line (song)?
http://www.youtube.com/watch?v=f4hsC0nRvZM
"John Denver - Leaving on a Jet Plane"
Does he need a ride to the Airport?
I guess his story of "coming here with $50.00" and 10 years later, he is back to $50.00 and leaves?
Nice YouTube link!
I think you should have posted;
http://www.youtube.com/watch?v=TX50U0duMJw
Black Joe Lewis & The Honeybears - I'm Broke
The Husky German YouTube link
http://www.youtube.com/watch?v=xpFdGFsFRxs
More fitting is a song by his daughter Yasmeen.
http://www.youtube.com/watch?v=Sqd3tHn-CHo
"Disappear" by Beyonce sang by Yasmeen Al-Mazeedi
Now it all makes sense. Money, investors just disappears...
The time is running out.
People in the office think they are going to get stock options for a company that will go public on the London Stock exchange with Mr. Al-Mazeedi.
I'm looking.
Nice find on the Yasmeen YouTube Video.
Disappear sums it all up.
After reading McLayton's comment above, the clock is ticking. I did this on my Smartphone while cameras are recording.
I think all those YouTube videos should have been.
http://www.youtube.com/watch?v=9jK-NcRmVcw
Europe - The Final Countdown
And the send off song will be.
http://www.youtube.com/watch?v=oTIfLTbKhhM&feature=related
Warren Zevon Keep Me In Your Heart For A While
The newest hires will not know this, however, Almazeedi has been "spinning the tale" of taking "his" companies to an Initial Public Offering (IPO) and listing them in the Hong Kong, Singapore, Dubai, etc. stock exchanges since day one.
It's been almost 9 years and that IPO balloon has lost all its helium.
Reason: the dot.com companies have provided more than ample empirical evidence that the market for "smoke and mirrors" IPOs is dead.
A big part of the fallout with Hayat is due to the fact that Almazeedi/Oishi and Hayat were supposed to have equal percentages of BTU Holdings Company (44% Hayat, 44% Almazeedi/Oishi). Almazeedi and Oishi instead opted to keep the 12% of shares that were supposedly reserved for employees of the company. The employee "profit sharing" did not even require an IPO - Almazeedi and Oishi just had to give the shares away... However, as we've seen, they NEVER give anything away... for them it's "99 for me, 1 for you... hold on, I want that 1 as well...100 for me, 0 for you"
we'll provide a post in this blog so we can embed all the good video suggestions... we want to make it easy for everybody to hear some good music...
... based on comments posted earlier, it appears that the Middle East investors that gave their money to Wael Al-Mazeedi would have been better off just talking to Brian Murphy. It's hard to imagine that the Middle East investors will ever get their original investment back, never mind a return on the investment...
well, those Middle East investors either did their homework or not... (probably NOT)
very appropriate musical choices...
It will be VERY interesting to find out what Christina Stephens decides to tell US Federal Court. If she tells the court that "Wael told me to place listening devices in the offices of XYZ" we can imagine what that means to Wael. If she tell the court "I placed those listening devices because I felt like it" we can imagine what that meant to CS.
What will she pick?
SHANA SADIQ... BTU, Freshfields, Allen & Overy (wonder why she doesn't mention her time at BTU in her profile).
http://www.allenovery.com/AOWEB/PeopleOffices/CVDetails.aspx?contentTypeID=4&itemID=47313&prefLangID=410
BTW. She LOVES Wael... or so she claims.
What about the video in Federal Court in the BTU Venture&Industries vs Murphy case will prove vital to Betancourt case(s)?
Has Betancourt Lawyer(s) been able to get access and/or view it? Or better yet depose Murphy?
And for the rest reading your blog, ask him(Murphy) what he owns for stocks? Do it off the record, so that Al-Mazeedi doesn't find out!
What date? Is Ms. Stephens being deposed?
What date? Is Mr. Wael Al-Mazeedi being deposed?
Let us hope they are video taped depostions!
I would pay money to see Murphy's portfolio.
I know a few employees who read this nightly.
1) How is the office vibe?
2) Anyone get let go lately or leave or give notice?
The issue of BTU's significant turnover has been brought-up several times in this section as well as in comment threads elsewhere in this blog.
As an example, there have been 6+ HR managers and/or recruiters that worked for BTU/QGEN/? during the past 3 or 4 yrs. Why does a company that only really has a dozen or so real employees (according to the Betancourt Counterclaims against BTU Ventures and Almazeedi) go through HR managers/recruiters at the rate of almost 1 every 6 months?
We'd like to compile a total of the number of people that have worked for BTU/Almazeedi but we realize that many people may not want their name published.
This information may eventually come out anyway in the depositions of Almazeedi in the Betancourt and/or Hayat litigation. According to Hayat's court filings Almazeedi regularly forces the exit of people that don't agree with him.
Other than Almazeedi's "inner sanctum" (e.g. Stephens, Cain, Khan, Le, etc.) it appears that most people are (purposely?) brought in for a short time and are then let go/pushed out.
We figure that if Almazeedi has been operating this way for the past 8+ yrs. it must "work" for him (i.e. it suits his purposes)
Note: It goes without saying that it would suit Oishi's purposes as well.
Same with Lawyers, IT Managers, etc...
I think it would be a tie between HR & IT people here.
I say list them all! Let it be known.
I WANT TO KNOW WHEN MR. AL-MAZEEDI is being deposed.
I WANT TO KNOW WHEN MS. Christina Stephens is being deposed.
Insiders,
What's up? I have two words for you. RESUME Time!
Lo An cannot be trusted. She collect information on all employees for the Mazeedis. Together, she and CS are like the Shrek and the Donkey.
LOL.
"I never did anything by accident, nor did any of his inventions come by accident; they come by work."
- Thomas Edison quote.
Dear Blogger, keep up this great blog.
rumor mill: there might be one "less" member of the BTU/QGEN/FATE Consortium/"space power" initiatives in the near future (it may have already happened)... somebody "way-in" the inner circle...
this person has been identified specifically as being very relevant to the litigation in several of Al-Mazeedi's lawsuits.
The question to ask is "why nothing has changed" in Al-Mazeedi's lawsuits against his former employees.
His previous law firm, WilmerHale, made sure things kept moving in Al-Mazeedi's favor (regardless of the truth of anything) while they were on board...
Maybe they decided recently to protect their own asses right now and that's why they are out of the picture. It's worth repeating that WilmerHale was involved in Al-Mazeedi's actions/decisions from day one.
In any event, Al-Mazeedi has a second tier law firm representing him now (Foley Hoag). They may charge as much as WilmerHale charged previously but they don't really exert any influence in the judicial world in Massachusetts (they have a "big local name" but that'it).
Was she fired? She being Ms. Christina Stephens.
Or is she just working from his house now?
Our office is losing 2 people at the end of this month
Earlier rumor regarding "1 less person" at BTU/QGEN/etc. might include on of the 2 people leaving by the end of the month... Two people in a group of 10-12 or so is not insignificant...
It'd be interesting to know their reasons for departing.
You have to ask? LOL. 3 little letters. C E O
The finance brain is leaving his initials are VW, whom never closed one deal is leaving.
Good luck to the rest.
I heard that Dan R. is leaving at the end of the month.
I never thought VW would leave.
Knew him very well when he started at BTU. Not part of Almazeedi's inner circle. A capable person, however, never "probed" into the "real" business of BTU. He was too busy building financial models for Almazeedi's "pie in the sky" and "pie in space" dreams.
I hired VW into BTU. He made pretty good money and was H1B visa-dependent. No reason form him to rock the boat and lose H1B (and the pretty good money that went with it).
Congrats to VW. Don't look back.
Very interesting information in the latest blog posting. Worth checking-out.
not a knock on VW, but he got his 3 yrs of h1b sponsorship from BTU. what more could he ask for? someone mentioned that he never closed a deal. probably not his fault since a company like BTU Ventures/BTU Holdings/QGEN or ??? with apparently negative cash flow could never make any acquisitions.
VW was an analyst, he wasn't responsible for "closing deals". VW did Excel spreadsheets based on Wael's fantasies. Good guy doing what he was told to do. Wael used him. With the H-1 situation VW was beholden to Wael and Wael worked him like a dog. Wael is the one who should have been "closing deals", and the CFO that was hired should have been raising money doing deals not a financial analyst.
Best of luck to VW, a very good person, BTU'ers wish you well in life.
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