Here are a few comments from Nick from an email discussion I had with him yesterday about $MNII...
"Without a doubt, these past elections have significantly increased the value of our claims."
And as far as share count goes...
"Manatí Industries, Inc. has issued and outstanding 1,280,597 out of 5,000,000 authorized shares of common stock, with a $0.10 par value per share. MNII also has issued and outstanding 84,105 preferred shares out of a total of 2,000,000 authorized, with a $1.00 par value. The only way that new shares could theoretically be issued is if the company became active again some day, received new investment, and took appropriate corporate action to do so."
In terms of the question on remaining debt:
"If MNII’s claim somehow gets paid monetarily, then there would likely be a corresponding distribution to the shareholders, once any valid outstanding corporate debts are repaid."
So I tried to see what might be outstanding still...
The debt is fixed and will not vary up or down with the size of any payment. Obviously, the bigger the payment, the more will be left over for shareholders after paying off all carried costs. If assets ever exceeded debts by only that small amount, it was only after most of those assets were already confiscated. Some of the debts still exist (and there have been new maintenance costs incurred over the decades), others no longer exist, still others can be re-negotiated. We will have to wait and see, as it is still premature to calculate more exactly.
So some pretty interesting statements in there :)
Come on Cuba - do the right thing and end this embargo! They always blame the US and want us to remove the embargo, when for the last 56 years they know exactly how to resolve this from there end and haven't...
1. 382 days remain for Raul Castro. Once done, as long as no other Castro takes office, that eliminates one item.
2. Pay the claims. Cuba agrees on some level and knows this. So hopefully they have been stockpiling some $$ to get this done!?!
3. Our Congress has to vote to remove the Embargo. I think this would happen quickly if the first two items are completed.
Take it for what you want, this is about all the info I can give at the moment, since that's all that really exists lol. I think it's safe to say the 'company' won't post anything via the OTC because the company (as an entity) is non-existent right now. There's just the stock entity left that is being monitored by Nick/Carlos. Once a claim is infused back into the business or at the right time (my assumption), the 'company' would post all necessary documents as required.
Fingers crossed the Trump administration can do this for everyone!
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