Dear sir
Since quite some time I am following the debacle of Petroplus. I have been publishing a series of articles targeting the rescue of Petroplus which is of strategic interest to Europe. It seems that banks and other pressure groups have ground Petroplus just as it has been done to Swiss Air in 2002. My interest is but the development of a strong domestic economy in the ECOWAS focussed on Nigeria.
Major measure taken by Nigeria must be:
1) Untagging Bonny light
from Brent. (I consider Saudiarabia manipulating the Brent Price at CBOT
to get all funds possible. The Arabs are desperatly in need of money:
Dubai would be bankrupt without the neighbouring countries, they have a
lot of uncompleted buildings; the ones finished are far too high to be
rented out. Also the Hotels - 850 meters building - is empty. Laying the
table there is just like therapy for the staff to not become
depressive)
2) Establishing a Commodity exchange such as CBOT. I suggested Lagos board of Trade, Abuja Board of trade.
3) Establishing Petroplus Nigeria, fully liberated by Swiss and Nigerian citizens. The balance sheets here are not to be furnished with money in advance. (no 419 possible) According to the needs and the development of plants being built in Nigeria by Petroplus the shares you can sell in a secondary offer to Nigerian citizens. The balance sheet of Nigerian Petroplus is not to be pestered by credits. Given the high number of people (160 Million) in Nigeria shareholder capital having nigerians become owners of their infrastrucure (the Government lacks money because of Bonny light's tag to Brent, which traded roughly 10 to 20 USD above Arab crude preventing everybody from buying bonnylight. By the way there are about 20 to 30 vessels crammed with bonny light up to the brim anchoring outside Bonny Island. Usually the contracts read e.g. 2 Million barrels per month at Brent price. It is my strong belief that 1) to 3) are going to be effective. No bribe money will be involved for the senat to agree because they will participate in buying shares. It will be the first really clean transaction around here in Nigeria. All which has to be is getting access to the administration to thouroughly explain the procedure. Everything will be to the betterment of all stakeholder, Implenia and Sika included. A new 160 Million people market is about to emerge. Also there is enough time to gradually build plants in Nigeria. Great advantage: Nigeria being a big consumer of Oil derivatives right now pay travel cost for 8000 kilometers twice (WestAfrica - USA - Westafrica) The much shorter distribution channels will be very competitive. Furthermore I want to point out that the first steps can be undergone by numerous private investors here in Nigeria. E.g. 160 Million people buying shares for USD 10 each (1500 Nira) gives Petroplus USD 1.6 Billion. Calculate USD 100 per person and so on. 4) What also has to be done by the nigerian government will be a Swisslike amnesty once in a lifetime Given a bright future all the money having vanished from the scenery will gradually be repatriated. It will be the most exorbitant LEGAL money laundring activity ever seen for the past decades. (something considered accurate for Switzerland's black money must be accurate for Nigerian black money too.) I am prepared to discuss the matter at length with you. I will be back in Switzerland on February 2, 2012. Most kind regards Thomas Ramseyer P.S. Please read the following: (there are two links which directly lead you to a more than probable solution. Right now I am in Nigeria. Do not hesitate to call +41 79 636 64 52 or +2348130896300 . As two of your members of the board also are members at Implenia as well as Sika, there will be great long-term opportunities for all the three companies.
The Goodluck administration right now is rolling out a tv-campaign
announcing the development of Nigerias domestic economy. Nigeria is
ECOWAS leading country counting for some 160 Million citizens. 80%
thereof yet are struggling for their daily square meal. But they have
one great advantage over a lot of people.
They are healthy and those
people are not indebted. Thus they are not at the mercy of banks or
central banks respectivly. In short they are not vulnerable to whatever
interest rate changes led by US-FED or ECB.
As to me, please read my profile on XING. I have more than 30years experience in the field of high finance. Zurich Insurance 1977-1997, 1998 - 2002 Zurich Investment Management/Scudder Investment after zurich's desposal of all investment activity with Deutsche Asset Management Schweiz AG, managing roughly 18 Billion CHF. I am not applying for a job nor do I want a contract. All I have to say is for free. I am not employed thus I really am free to speak up regardless whom I am speaking about. I beg you to read my last two articles giving the outline of a probable solution. Everything I publish is transparently built and meant for anybody to be used or not.
I am sending alerts by e:mail showing direct links to the articles
to more then 1000 addressees throughout the world. My blogs are read on
average by 10 to 20% which I consider a good result. Universities,
Bankers, Admin Switzerland, Counsellors included, Nationalrat,
Ständerat, Bundestag Germany, Merkel and others of German
administration, Africans of Westafrica, Diaspora Africans all over the
northern hemisphere. Geographically I am read in Switzerland, Germany,
France, Italy, UK, USA, China, Ukrania,
Russia, Brazil South Africa and others.
My last alert directing readers to the blog:
PETROPLUS - the rescue campaignPowerful outfit Petroplus [more than 5 refineries throughout Europe running - one thereof in Switzerland - excellent staff but for the management as well as the board of directors will be saved by activities such as joint ventures or establishing Petroplus Nigeria. For NIGERIAN people (not even the government, rolling USD 1.7 Billion (1'700'000'000) and furnishing shareholder capital as to have fly and prosper Petroplus again) the unexpected and unconventional is appropriate.PETROPLUS - the rescue campaignPETROPLUS - is said to have but CHF 1.1 Billion cash at hand. However, the amount needed counts for some CHF 1.7 Billion. Also the banks - a consortium of more than 10 banks - have ridicouleously cancelled the credit facility of CHF 1 Billion to fatally choke Petroplus. The aforesaid banks' credit facility consortium - a bunch of ignorants - tries to drive down the drain this marvelleous infrastructure being of immensef strategic value for the EU as well as for Switzerland. For the will be a pity to witness an unfriendly takeover by the date of Petroplus' yearly shareholders meeting. The passive way of the board's action as well as its communicative style hints that everybody but for the shareholders know about the future of Petroplus. (Maybe the ones having bought filling stations throughout Switzerland now need further downstream facilities to fix its activities.
Don't forget remember: Petroplus' board of Directors' fatal
strategy to run the company without upstream activity brought the
stockprice from CHF 132 (July 12, 2007) down to some CHF 1.20 in January
2012. Imagine! roughly 100 times smaller then the top price.
It is evident: those managers have been, are and will be lacking skills (communication, office equipment), experience (leadership), know-how (mere specialists), knowledge (having worked somewhere in a bank for some time even years - at whatever management level - does not guarantee fitness regarding finance), flexibility (wits sluggish thus far too slow). Their ancient and backward looking way of leading - secretaries all over the place, having that air of really being busy (busy doing nothing) combined with the will not being disturbed by people of any provenience. In a nutshell; they still consider themselves breathing the air on the Olymp. They are in the wrong place and carelessly put their employees lives and existence at stake. They are said to still negociate with those ruthless ignorant greenhorny bankers which never will move one inch. Everything has been done for doing in a beautiful infrastructure - strategically important to the EU, Switzerland included. Worst case scenario the company raiding Petroplus thus acquiring its employees' (not its managments') skills, knowledge, know-how, science for building downstream infrastructure anywhere in the world, supported by some greedy bankers will get Petroplus for a flicker in the corner of a hooker's eye [CHF 160 Million (CHF 160'000'000) at an average price of roughly CHF 1.60, (100 times lower than 2007 then CHF 16 Billion (16'000'000'00)] will establish downstream business at their own country (cheaper labour, shorter ways thus lower transportation costs) to later drop all activity in former Western Europe. All facts considered this managements' poor performance is far beyond anything yet witnessed. Also they do not care about their teams, they will abandon them not before long. It is well known; unfriendly takeovers give the raider full power; the company being totally at the former's mercy.
There something must be fishy . . . very fishy
White
knight wanted; friendly white knight supporting the recovery of
Petroplus by establishing joint ventures based on China-like conditions
such as unlimited know-ledge transfer from north to south providing in
return funds, cashflow, jobs, establishing infrastructure not only
regarding the oil-business but real estate (Sika) as well as
High-way/Road building (Implenia) (See board members' other seats)Most important measures to be taken by the white knight located in Westafrica, Nigeria. 1) Untag Bonny light from Brent (Brent really has nothing in common with Bonny light but for the chemical composition. It really is questionable that the prices of goods produced in Africa are fixed far off abroad in the United States. Those countries' innocent people (80% farmers, 15% illiterate) are at the mercy of some overpaid bonus hot cinic youngsters roaming about Chicago. Remember: all bonuses, all exorbitant salaries, all lunches, dinners and other fancy stuff done to foster customers, business partners and the sort as well as double transportation costs for some 16'000 kilometres 2) Establish a commodity exchange listing all goods produced through the ECOWAS such as Lagos board of trade or Abuja board of trade. 3) Found Petroplus Nigeria issue numerous shares like 170'000'000'000. All those shares will belong to Petroplus AG, Zug Switzerland in the first place. Petroplus' balance sheet will count for only NGN 1.7 Billion Nigerian Niras. Considering the big figure rules raising funds in Nigeria will be a task to be easily fullfilled. 170 Million Nigerians each buying Petroplus shares for only USD 10 each provides funds accounting to some USD 1.7 Billion. Just calculate and imagine. 4) Petroplus Switzerland starts bringing in infrastructure financed by gradually raised funds through secondary offers in Nigeria. 5) NEVER raise debt. Everything can be financed by raising shareholder capital. Petroplus Nigeria thus will never be at the mercy of some bankers, Central bankers included. 6) Shares are to be sold to citizens leaving a papertrail for getting their trust. No papertrail, paying upfront means 419 to all Nigerians. Thus all the money must forcedly be invested in infrastructure for the people to believe that they are not being duped (419, advanced fee fraud). They must see the progress for to gradually buy additional shares. 7) Utmost transparency must be granted permanent roadshows showing the ongoing progress must be under taken. 8) Jobs for local people must be created (Not the China-style bringing in all staff even all materials and tools, all of them and all of it leaving the country upon completion, abandonning infrastructure, real estate and others to rot away because of local people's lack of knowledge as to how those plants' maintenance must be effected. 9) Read the textbooks: creation of jobs produces cash, cash means more consumption, more consumption leads to more investments, more investments lead to more jobs and so on If under 1),2),3) described measures to be taken become effectgive the prosperous merry-go-round for all Nigerians will be kicked off not before long. The goal of Nigerian's present Jonathan Goodluck administration is going to be achieved. The medium- to longterm tasks (milestones) will be achieved for the betterment of all Nigerians even of all ECOWAS countries. (Nigerian boosted domestic economy will heavily influence the whole region. 10) Exchange of students inventing the swisslike apprenticeship system will have Nigerian population be able to build up their country's economy on their own.
11) The ultimate goal must be: Nigeria does not depend on expats of other countries.
Most kind regards
Thomas Ramseyer
BSc BA GSBA
0041 44 850 11 05 0041 79 636 64 52 Profile XING.com thomas ramseyer-volkart blog Profile Linked-In Profile Facebook | |||||||||||||||||||
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Monday, January 23, 2012
PETROPLUS: letter to Mr. Jim McCoy at Petroplus, Zug, Switzerland
