Sunday, April 5, 2020

PEU Worthy: Week Old Firm "Largest Global COVID-19 Supplier Network"

Private equity underwriters (PEU) masterminded the intersection of greed and politics.  PEU worthy are the founders of Blue Flame Medical LLC.  Blue Flame was formed Monday, March 23, 2020 as a Delaware corporation.  It bills itself as the “the largest global network of Covid-19 medical suppliers.”  How can that happen in a week? 

In politics – especially if you’re at a high enough level – you are one phone call away from anybody in the world.” -- John Thomas, President

“I have relationships with a lot of people.”-- Mike Gula, CEO
Blue Flame's website had information on these two opportunists.  One is a political fundraiser:

The other is a real estate developer and communication consultant.


Blue Flame Medical is PEU worthy.  The Carlyle Group invested in COVID-19 convalescent plasma treatment after seeing what the coronavirus did to their Chinese affiliates.

Polticians Red and Blue love PEU.  Who can't get enough of the greed and leverage boys?  Our political class.  The rest of the country is sick of them.

Update 4-7-20:  Chinese medical studies show the benefit of convalescent plasma on seriously ill coronavirus patients.

Update 4-11-20:  Carlyle co-founder David Rubenstein "recounts that a number of years ago he asked Fauci whether he might want to leave government for the private sector, he responded that he didn't need the money and wanted to stay where he was."

Update 5-7-20:  WSJ reported:  "The state of California canceled a $600 million contract from a politically connected coronavirus-supply company, the largest contract the company has lost in the chaotic marketplace for masks, gloves, ventilators and other medical supplies, according to a person familiar with the matter.  Mr. Gula and his partner, John Thomas, launched Blue Flame Medical just a few days before inking a massive deal with the state of California.

Update 5-13-20:  FEMA cancelled a N95 mask order with Panthera Worldwide LLC after the military contractor repeatedly failed to deliver.  Panthera smells as bad as Blue Flame. 

Update 8-20-23:  Conman and Insane Red Team Rep. George Santos signed on as a consultant with Blue Flame Medical and stood to earn 10% on any deal he arranged.  Blue Flame's political people failed to deliver on their commitments.  That should be no surprise to the aware.