Anonymous ID: 849ea2 Sept. 24, 2018, 7:07 a.m. No.3163931   🗄️.is 🔗kun   >>3938

1/2

Just a revisit on Brennan''s former co. And the Brits due to the companies sudden seizure by creditors after election and resignations (expected after a failure but wholesale in this case)

 

https://www.cnbc.com/id/100440555

 

The administration official noted that the initial acquisition of Brennan's company by Global Strategy Group in 2007 was reviewed and approved by the Committee on Foreign Investment in the United States, a body set up to scrutinize foreign acquisitions of sensitive American firms and prevent those that might transfer valuable technology.

 

A spokesperson for another successor corporation to The Analysis Corporation– a spin-off entity that is now known as Sotera Defense Solutions – said the firm worked with the Department of Defense's Defense Security Service to implement a Special Security Agreement to establish a strict set of controls designed to protect U.S. national security interests in a foreign owned company.

 

"For the duration of our ownership by Global Strategies Group, the U.S. portions of the business … never had any contracts with any foreign entities or governments by itself or through any parent company or partner," said Lauren Peduzzi, the director of communications for Sotera Defense Solutions. "Throughout our history, Sotera Defense Solutions has been committed to a culture of ethics and integrity in conducting its business as a responsible member of the national security community."

 

The idea of working for the Chinese and Americans at the same time may have been unworkable from the start, although Global Strategies Group won at least one security contract with the China National Petroleum Corporation, sources familiar with the company said. "It was all a massive conflict of interest, and it was all a bit weird," a former employee said. "I believe the Chinese thought we were working for the CIA." Former employees said the Global Strategies Group office in Beijing was closed several years later. The firm's website says the company today maintains offices in Tokyo, Singapore and Kabul as well as in the Middle East, Africa and North America.

 

Brennan himself left the firm the same year – taking a job in the Obama administration in soon after the new president's election in January of 2009. On Thursday the Senate Intelligence Committee will consider his nomination to be Director of the CIA. If he's confirmed, Brennan will complete a full turn through the private intelligence revolving door – and he will have oversight over contracts to companies very much like the one he used to work for.

Anonymous ID: 849ea2 Sept. 24, 2018, 7:08 a.m. No.3163938   🗄️.is 🔗kun

>>3163931

2/2

Before election 2016 company growing

https://www.sec.gov/Archives/edgar/data/1583513/000114420415036286/v412760_ex99-1.htm

 

Along came POTUS election and the board resigns

https://marketexclusive.com/stg-group-inc-otcmktsstgg-files-an-8-k-departure-of-directors-or-certain-officers-election-of-directors-appointment-of-certain-officers-compensatory-arrangements-of-certain-officers-2/2017/11/

 

Abruptly left and creditors seize

https://www.bizjournals.com/washington/news/2018/04/12/stg-group-ends-a-troubled-year-with-a-sale-to.html?ana=wtop_bd

 

SOSi is buying a company that had lost much of its leadership and was saddled with a debilitating debt load. STG Group's (OTC: STGG) creditors took over a major subsidiary in November, saying the company had defaulted on its previous credit agreement and replacing that subsidiary's entire board. Two of STG's top executives, including President Phil Lacombe, resigned.

 

Lacombe and CFO Charles Cosgrove said they expected to remain affiliated with the company's subsidiaries as it began looking for a financial adviser to help restructure its debt or position it for a sale.

 

Shortly afterward, four members of STG Group Inc.’s board of directors abruptly resigned, leaving founder and board Chairman Simon Lee the lone holdover, according to a company filing with the Securities and Exchange Commission. It's unclear how many employees were left at the Reston company.

Government contracting investment bankers had included STG Group in a cohort of likely acquisition targets in 2018, when M&A was expected to continue at a healthy clip (and through the first quarter of the year, it most definitely has). With revenue approaching $200 million, STG's scale would likely prove attractive, industry analysts said.

 

 

https://www.washingtonexec.com/2018/01/phil-lacombe-stg-sec-filing/

 

“We’ve had to talk to customers, employees and partners to make sure everybody understands what the real story is,” says Lacombe, president and CEO of the Reston, Virginia-based company that provides solutions to more than 50 U.S. agencies nationwide.

 

The misunderstanding, Lacombe notes, started when STG’s direct parent, STG Group Holdings, Inc. appointed a new board of directors. The new board was appointed by the company’s creditors in November. That was supposed to be the full story.

 

https://wtop.com/fairfax-county/2018/04/stg-group-ends-a-troubled-year-with-a-sale-to-reston-contractor/

 

SOSi is buying a company that had lost much of its leadership and was saddled with a debilitating debt load. STG Group’s (OTC: STGG) creditors took over a major subsidiary in November, saying the company had defaulted on its previous credit agreement and replacing that subsidiary’s entire board. Two of STG’s top executives, including President Phil Lacombe, resigned.