Iceman
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January 21, 2014 • International
The Chinese are dead set on making their resource extraction from Africa as smooth as possible. They have devoted an enormous amount of money to developing Africa, and that requires insurance—which they believe they have found, in the form of Erik Prince, founder of Blackwater and current chairman of the Chinese firm DVN, with ownership of up to 23% of the company. This is a sign: while Washington’s empire retreats, it’s all systems go on China’s cultivation and development of African clients, and they want to make sure the minerals and oil keep flowing.
From the guts of the article, we can see the picture of what is happening:
DVN, an online financial markets information provider, said in an announcement to Hong Kong Exchanges and Clearing that its board decided to grant Prince three-year options for the right to buy 102.56 million new DVN shares – or 9 per cent of its issued shares – at HK$1.50 each.
This is in addition to five-year options granted to him that allowed him to buy 205.1 million shares at 73 HK cents each in late November, as part-payment for a start-up East African aviation and logistics firm injected by Prince into DVN. The two options mean he could own about 23 per cent of DVN.
“The board invited [Prince] to be an executive director and chairman in view of his extensive business and commercial knowledge and network in the aviation and secured logistics industry,” DVN said.
Prince last November sold to DVN a company that plans to build a pan-Africa provider of aviation, logistics, risk management, security services and exploration support services, needed by many Chinese businesses active in Africa. He received US$3 million plus the first batch of options.
DVN shares yesterday closed at HK$1.61, up 115 per cent from November when DVN first announced Prince’s business injection, giving Prince a potential profit of HK$180.5 million on his first batch of options.
That’s quite the gift. He sells them a company to provide logistics, support and security across Africa a year ago, and now they give him a sweetheart deal, which, timed with the stock boost that comes from his appointment as chairman, nets him millions. This is akin to a monarch appointing a duke of a new province to pacify the natives and take what he wants for his work. Prince did not need the additional millions, but neither did many memebrs of aristocracies of old.
Blackwater was Prince’s creation, and his amazing drive turned it into such a giant in private security (read: mercenary work) that its name wound up in the mind of many Americans as US fatigue in Iraq peaked. Check this Mother Jones blurb on the horrors of Blackwater by the numbers from 2007 (donated over $200,000 to the GOP, oh no!). Look at the writer’s photo at the bottom. A thumbnail that perfectly represents the eunuch weenie SWPL progressive men of the 21st century. Prince is condensed macho, conservative white male America in a suit with weapons training. (A friend’s younger brother left the Army and worked a stint with Blackwater. Pay was good. His only complaint was middle management. Seems private sector work is the same no matter what industry.)
Blackwater is necessary if you want to play Empire while pretending you don’t need to sacrifice men from the population. It’s viewed negatively because America doesn’t want to admit how far the Empire reaches, and wants to pretend that invasions and peacekeeping can be handled by 100,000 or fewer men. Prince’s statements and the “history” on his Wikipedia page show just how comical the Valerie Plame outing affair was versus what happened to him. Who does what to whom is only reported when it advances progressive positioning. He became a villain because the media still needed a villain for Iraq despite Iraq’s security situation improving with the ethnic cleansing and relocation aka ”surge”. Few things were funnier on the 2008 campaign trail than the Democrats berating Iraq because of their 2005 talking points and then sending Iraq down the memory hole as time elapsed. America has a Whig history origin story of a shining city on a hill that the real and dirty side of playing Empire fiddles with for apple-pie minds.
Prince pulled up stakes, sold Blackwater and left the US empire sphere for China. Is China going to vilify him like the US media? Probably not, if Chinese citizens are protected, and no US clients died under Blackwater protection. China’s willing to contract management of their security in resource clients to a proven force. His worth will be measured by results. Considering how successful he was in US theaters, they should be happy. While this is a military-industrial complex leech leaving the US sphere, Prince is still an incredibly competent and driven individual aligning himself with a power beyond USG control.
- See more at: Chinese Government Firm Hires Blackwater Founder to Secure Its Empire in Africa | Theden | Thedening the West
The Chinese are dead set on making their resource extraction from Africa as smooth as possible. They have devoted an enormous amount of money to developing Africa, and that requires insurance—which they believe they have found, in the form of Erik Prince, founder of Blackwater and current chairman of the Chinese firm DVN, with ownership of up to 23% of the company. This is a sign: while Washington’s empire retreats, it’s all systems go on China’s cultivation and development of African clients, and they want to make sure the minerals and oil keep flowing.
From the guts of the article, we can see the picture of what is happening:
DVN, an online financial markets information provider, said in an announcement to Hong Kong Exchanges and Clearing that its board decided to grant Prince three-year options for the right to buy 102.56 million new DVN shares – or 9 per cent of its issued shares – at HK$1.50 each.
This is in addition to five-year options granted to him that allowed him to buy 205.1 million shares at 73 HK cents each in late November, as part-payment for a start-up East African aviation and logistics firm injected by Prince into DVN. The two options mean he could own about 23 per cent of DVN.
“The board invited [Prince] to be an executive director and chairman in view of his extensive business and commercial knowledge and network in the aviation and secured logistics industry,” DVN said.
Prince last November sold to DVN a company that plans to build a pan-Africa provider of aviation, logistics, risk management, security services and exploration support services, needed by many Chinese businesses active in Africa. He received US$3 million plus the first batch of options.
DVN shares yesterday closed at HK$1.61, up 115 per cent from November when DVN first announced Prince’s business injection, giving Prince a potential profit of HK$180.5 million on his first batch of options.
That’s quite the gift. He sells them a company to provide logistics, support and security across Africa a year ago, and now they give him a sweetheart deal, which, timed with the stock boost that comes from his appointment as chairman, nets him millions. This is akin to a monarch appointing a duke of a new province to pacify the natives and take what he wants for his work. Prince did not need the additional millions, but neither did many memebrs of aristocracies of old.
Blackwater was Prince’s creation, and his amazing drive turned it into such a giant in private security (read: mercenary work) that its name wound up in the mind of many Americans as US fatigue in Iraq peaked. Check this Mother Jones blurb on the horrors of Blackwater by the numbers from 2007 (donated over $200,000 to the GOP, oh no!). Look at the writer’s photo at the bottom. A thumbnail that perfectly represents the eunuch weenie SWPL progressive men of the 21st century. Prince is condensed macho, conservative white male America in a suit with weapons training. (A friend’s younger brother left the Army and worked a stint with Blackwater. Pay was good. His only complaint was middle management. Seems private sector work is the same no matter what industry.)
Blackwater is necessary if you want to play Empire while pretending you don’t need to sacrifice men from the population. It’s viewed negatively because America doesn’t want to admit how far the Empire reaches, and wants to pretend that invasions and peacekeeping can be handled by 100,000 or fewer men. Prince’s statements and the “history” on his Wikipedia page show just how comical the Valerie Plame outing affair was versus what happened to him. Who does what to whom is only reported when it advances progressive positioning. He became a villain because the media still needed a villain for Iraq despite Iraq’s security situation improving with the ethnic cleansing and relocation aka ”surge”. Few things were funnier on the 2008 campaign trail than the Democrats berating Iraq because of their 2005 talking points and then sending Iraq down the memory hole as time elapsed. America has a Whig history origin story of a shining city on a hill that the real and dirty side of playing Empire fiddles with for apple-pie minds.
Prince pulled up stakes, sold Blackwater and left the US empire sphere for China. Is China going to vilify him like the US media? Probably not, if Chinese citizens are protected, and no US clients died under Blackwater protection. China’s willing to contract management of their security in resource clients to a proven force. His worth will be measured by results. Considering how successful he was in US theaters, they should be happy. While this is a military-industrial complex leech leaving the US sphere, Prince is still an incredibly competent and driven individual aligning himself with a power beyond USG control.
- See more at: Chinese Government Firm Hires Blackwater Founder to Secure Its Empire in Africa | Theden | Thedening the West
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