This was sent in by a reader with important articles –
The reader says – “re: Moneyweb’s 11/16 “Is Sasol Next In Play?” – A settlement has just been made in the Louisiana RICO action against Sasol. Take a look at Insider Exclusive’s “In the Crosshairs of Justice — Corporate Dirty Tricks Exposed” and Christian Stork’s shocking expose’ below for more details on this ginormous Louisiana scandal and Sasol’s disgusting efforts to cover it all up.“
Sender’s name protected for obvious reasons – F.C.
Corporate espionage and racketeering out-of-control
By John C. Dodd III
“When wealthy and powerful elites want information they stop at nothing to get it. This includes the use of corporate espionage and racketeering directed against anyone – even private citizens – who threaten their interests. It also includes the strategic use of law firms to do their bidding.”
Moneyweb – Is Sasol next in play?
Sasol is in value territory but the fundamentals are volatile.
“. . . Sasol has come a long way from when it was formed in 1979 as the South African Coal, Oil and Gas Corporation. It employs 33 000 people in nearly 40 countries across the globe and is expected to invest for more than R135 billion, the majority of which will be offshore. . . . “
” . . . In the past few months, Bank of America upgraded Sasol from “Neutral” to “Buy” while Citigroup issued a similar upgrade in September.
With Sasol trading on a price to earnings multiple of around 9 times earnings, it compares very favourably to the likes of Chevron (16) and Exxon (16.5) and Total (13). . . . “
” . . . The Government Employee Pension Fund (GEPF) holds 14.2% of the issued share capital (managed through the PIC) and the Industrial Development Corporation holds 8.2%. They are the 2 biggest shareholders in Sasol.
The SABMiller deal – where the PIC was vocal about its 3% stake in the business – was an interesting litmus test. While the PIC expressed concerns about job losses, their main goal was extracting the best possible price for its shareholders and clients. The PIC presently sits with about 5% of its assets offshore (of a 10% allowance), and with limited opportunities in the local market, it may ultimately see merit in swapping out some of its concentrated exposure in Sasol for one of the international majors. . . “
[PIC is Public Investment Corp.]
In the Crosshairs of Justice – Corporate “Dirty Tricks Exposed”
“It’s almost Unbelievable…. James Bond… Secret Agents…Corporate Spies, and Government Agents are “alive and well” in the Louisiana Heartlands….. spying on their “Worst Enemies list”…. of Law Firms and Environmental Advocate Groups who seek to protect everyday ordinary Americans.
You would think that the motley collection of crooks, thieves, con-men and bozos who masquerade as leaders of Corporate America would eventually learn the number-one lesson of Justice.”
It isn’t the crime that gets you….. It’s the cover-up.”
============== scroll down 2 posts for NEWS ================