Manati Industries, Inc (MNII)

[deet49]

The Commission further finds that on August 6, 1960 the current
assets of claimant and its three Cuban subsidiaries exceeded their
current liabilities by the amount of $130,626.57 and that the total
value of the companies taken by the Government of Cuba on August 6, 1960
was $46,872,433.57
However~ there were outstanding certain Collateral Trust Bonds in
the amount of $1,242,460.00 bearing interest at 6% per annum due April
30 1965. These bonds were secured by First Mortgage Bonds issued by
clafmant~ the mortgaged security being the claimant’s property in Cuba
which was taken by the Government of Cuba on August 6, 1960. The
Commission therefore finds that the amount of $1,242,460.00 represents
a lien on claimant’s property in Cuba and must be deducted from the total
amount determined to have been taken by Cuba° Accordingly, the Commission
concludes that claimant suffered a loss in the amount of $45,629,973.57 on
August 6, 1960 within the meaning of Title V of the Act.

https://www.justice.gov/fcsc/cuba/documents/1501-3000/2525.pdf

Nice try at placing a silk hat on a pig via your update in the IBOX

MNII Claim Worth to Shareholders
Manati Sugar (Industries)
Assets over liabilities $ 130,626.57
Investments lost $ 2,812,311.47
Simple Interest per year (6%) $ 176,576.28
Assets plus interest for 57 years $ 13,007,786.14
Share Payout $ 10.16

maybe it should read more like ...

MNII Claim Worth to Shareholders
Manati Sugar (Industries)
Assets over liabilities $ 130,626.57
Lien on Claiments Propert$ -(1,242,460.00)
Share Payout to Common Share Holders $ N/A

your IBOX update for Fraz
on the low end you have FRAZ getting in excess of $47.00 per ...? whoa!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128981387