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> From: Michael Andrews <mandrews@ips.edu>
> Date: August 3, 2010 10:44:31 AM EDT
> To: Thad Brown <thad@ips.edu>, Ronnie Mainieri <ronnie@ips.edu>,
> Curt Hastings <curt@ips.edu>
> Subject: Thoughts for August 5 meeting SNOWFLAKE
>
> I HAVE SET OUT SOME THOUGHTS FOR MEETING ON AUGUST 5. I KNOW MOST OF
> MY COMMENTS ARE SELF-EVIDENT AND LIKELY STATED BETTER BY OTHERS BUT
> I DID NOT WANT TO GO TO THE MEETING WITHOUT SHARING SOME OF MY
> THOUGHTS WITH YOU.
>
> Market opportunity is enormous for "New Co" but far less so for each
> of the parts operationg independently since each lacks at least one
> or more key component to harvest the opportunities that exist for
> new co. I see immediate opportunity for NEW Co in financial serives,
> including hedge funds, private equity outside US, traditional
> financial firms( banks, investment banks, trading firms), SWF.
>
> I see real immediate possibilities in the extractive companies, Oil
> and Gas, mining of rare earth fossil fuels, uranium, and others as
> well as users of these products such as Aluminum and steel
> producers. Again I do not believe any one component forming New Co
> could deliver the products without the establishment of new co.
>
> I believe corporations in any sector that are seeking to expand into
> a new market (country)buy a company or business or move into joint
> ventures would benefit greatly from the products we intend to sell.
>
>
> Common Ground - we like and trust the people involved, each
> component of the New Co needs the others to succed as new co.
>
> Shared Mission - Initially,we want to develop the best high end
> product to mitigate political risk using all capabilities brought to
> new firm
> Develop over time a product that captures a large share of the
> the market
> Board of New Co would establish a fund (hedge or other) to
> invest a portion of profits to create wealth for shareholders
>
> Vision - much of above same as in shared mission. We want to create
> the best most sought after product and in time (hopefully short)
> begin to trade for our own account using the strength of the product.
>
> Strategic business objectives - A product that will be tested by the
> market and found powerful
> Be best at assessing and in some cases mitigating political
> risk
> Deliver products on time with clear analysis based on data
> that permits customer to execute his or her strategy immediately.
>
> Build team - each individual, and firm working to develop the team
> and the New Co must recognize that success will only come with
> trust, respect, understanding and appreciation. In that context
> everyone must trust and respect that each person brings unique
> skills and the intellectual capacity to enhance the new co. Each of
> us must understand and appreciate the views of others as the team
> develops new co. Each of us must appreciate and understand that
> although we bring a unique product, skill, talent that no one of us
> or our present firm could harvest the opportunities that the
> combination of talents that will be brought to new co will permit us
> to do.