"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Showing posts with label business failures. Show all posts
Showing posts with label business failures. Show all posts

Sunday, April 08, 2007

Simon Mann," the Jackal " , with his 15 minutes of infamy, near death in Mugabe hell hole jail

Mark Thatcher's old chum and mercenary soldier of misfortune, and neighbour at one time in Cape Town, Simon Mann 53, is reported in the Sunday Express to be "close to death in a hell-hole prison in Harare, Zimbabwe, after being tortured by the henchmen of mad and ageing dictator Robert Mugabe. He is due for release in May and his lawyers are fighting to stop his extradition to Equatorial Guineau - where no doubt a great deal more unpleasantness awaits him.

Attorney-general Jose Olo Obono assured a court in Harare that Mann would not be executed or tortured if Zimbabwe agreed to extradite him to Equatorial Guinea. Obono said the former British army officer would get an "open and fair trial." The extradition hearing has been adjourned until March 23.

He is currently is serving a 7 year sentence for his part in an attempt to oust another dictator, Teodor Obiang Nguema, head of Zimbabwe’s neighbour, Equatorial Guinea.

Old Etonian, ex SAS Mann is reportedly almost blind, suffering multiple organ failure and has a life-threatening intestinal condition caused by poor diet.

One of his colleagues Sean Abdinor, who arranged the air transport for alleged plotters is currently appearing in Pretoria Regional Court and singing like a canary as he testifies against 8 men (Raymond Stanley Archer, Victor Dracula, Errol Harris, Mazanga Kashama, Neves Tomas Matias, and Hendrik Jacobus Hamman.) accused of contravening the South African Foreign Military Assistance Act and their part in the failed coup.

He claimed this week that South African president Thabo Mbeki was regularly informed of the progress of an attempted coup in Equatorial Guinea which was also sanctioned by the United States, Britain and Spain.

Another songster in court earlier in the same case ,Crause Steyl detailed again how he dealt with the boy Mark. They met to arrange financing from him for a helicopter to be used in the plot, at Lanseria airport near Johannesburg in December 2003 and he said the ace rally driver and man about town Mark suffered from numerous "nervous twitches" .
Agreeing to finance the helicopter it was initially decided to buy it, then it was changed to a short term charter. Thatcher gave Steyl US$275,000 (£145,000 at the time) to pay for the chartering of the helicopter, he explained

"He was concerned once the helicopter was acquired on whose name it was going to be registered — anyone but his,"


Cross-examined by Margie Victor, Steyl said he said he was flying Severo Moto, an opposition leader from the Canary Islands to Equatorial Guinea, who was accompanied by David Tremain, a British businessman, Greg Wales, and by Karim Fallaha, an associate of Ely Calil, a London-based Lebanese oil millionaire and very close friend of Peter Mandelson whom he is allegedly informed about the coup.

En route they landed in Mali to refuel when they received a message that 60 men - who were on their way to Equatorial Guinea had been arrested in Zimbabwe. Steyl testified that they returned to the Canary Islands where they were arrested by immigration officials. After a conversation with a customs official, their passports were handed back to them and they were allowed to go (presumably to the UK).

Another name that continues to crop up in the failed "Wonga coup" is that of Simon Mann's ex buddy Tim Spicer - Tim was of course colleague of Mann's and it appears the MI5/6/Foreign Office told Tim to warn off Mann , but Spicer said he wasn't aware of any planned coup so didn't warn him. Let's hope that Crause Steyl doesn' t mention Tim Spicer before the Iraqi contract gets awarded.

Sunday, October 15, 2006

Look and Learn on the Web -

In January 2004 with angel finance by CEO Dr. Tim Tuttle and CTO Dr. Adam Beguelin launched Truveo its video search engine technology in September 2005 which utilizes a proprietary web crawling technology they call "Visual Crawling".

"The next few years will see a dramatic increase in the amount of video available on the web," Dr. Tim Tuttle said last December when taken over by AOL. - to be added to Seattle based Singingfish acquired in in November 2003 to form the basis of the AOL Video Search - which is brilliant.

Nothing is more certain as traditional printing presses have been hit by the web , perhaps the TV studios are going to be hit as the amateur film maker, newscaster, newshound stakes their place.

Since then Google’s (Market Cap US£130Bn) has acquired for US$1.65 billion worth of shares video playing Web site YouTube.... which let's face, it is small potatoes to them, and will undoubtedly swell their ad base.

Now we hear that Yahoo are deep in talks with Facebook a private company located in Palo Alto, CA. It is a networking site built around college students — Facebook launched in February 2004, and the website claims over 10 million registered users across over 40,000 regional, work, college and high school networks. According to comScore, Facebook is the seventh-most trafficked site on the web and is the number one photo-sharing site.

Facebook has the most unfriendly face of any such site (clean, minimal so cool it's freezing) and says of itself in PR Newspeak ,which was probably constructed by software that correctly understands syntax but not people.

"Facebook is a social utility that helps people better understand the world around them. Facebook develops technologies that facilitate the spread of information through social networks allowing people to share information online the same way they do in the real world. "

Those guys at Yahoo would be well advised to look at ITV's acquisition of Friends re-United for US$200 Mn....The CEO who did that is now spending more time with his roses.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish