Showing posts with label Evolvence Capital. Show all posts
Showing posts with label Evolvence Capital. Show all posts

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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Evolvence and the Hayat Litigation - consequential contradictions in Wael Al-Mazeedi's statements and actions - re: Mr. Khaled Al Muhairy

An interesting dichotomy is seemingly at work regarding the impetus for Wael Al-Mazeedi's actions vis-à-vis the litigation with Abdulmohsen Hayat. At the very least, some interesting questions are raised by statements and disclosures made in the various documents discussed below.