Tuesday, July 26, 2016 6:02:10 PM
The US certified Claim with the FCSC and believed 350,301 OS count…
https://www.justice.gov/fcsc/cuba/documents/1501-3000/2500.pdf
Here’s the Helms-Burton Act that calls out the resolution of confiscated property before the Embargo can be lifted:
https://www.congress.gov/bill/104th-congress/house-bill/927/text
Let’s assume the OS share count is still 350,301 shares per the FCSC claim. If the shareholders see the full distribution of the payment, that would be $229,525,389.68/350,301 = $655.22/Share… so 10,000 shares now equates to $6,552,233!!! Now that’s assuming the 100% interest paid and shareholders see the entire payment.
Let’s assume the OS share count is 350,301 shares per the FCSC claim. If the shareholders see the full distribution of the payment with half the interest paid, that would be $141,084,413.84/350,301 = $402.75/Share… so 10,000 shares now equates to $4,027,519!!! Now that’s assuming the 50% interest paid and shareholders see the entire payment.
Principal payout alone will net you $150.28/share! So x10,000 shares = $1,502,805 ?
Port of Guayabal info (the port owned by FRAZ):
https://www.searates.com/port/guayabal_cu.htm
An article showing why people are passionate about getting their full amount paid back… U.S. Gov’t agrees ?
http://www.latinamericanstudies.org/us-cuba/claims-hearings.htm
An article discussing the top 20 claims...
https://www.washingtonpost.com/news/worldviews/wp/2015/12/08/the-20-largest-u-s-property-claims-in-cuba/
A google aerial showing the FRAZ sugar/molasses mill still running today!
It's in the interest of the US Gov't to get Cuba to pay the claims in full to set a standard to the rest of the world for this sort of confiscation. Time will tell how this plays out, but the end result could be a big payday for current shareholders...
$FRAZ
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." - William Feather.
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