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Think OS is 350k (per certified claim). Float is probably 150k LOL I'm trying to get exact OS from company this week.
:) $FRAZ!
Might be dollar time?
Honestly, this float is probably around 100k-200k. Not many shares to flip. Buys will drive this up quickly!
Sadly it's still cheaper than $MNII but has more potential lol. I expect dollars here soon...
Peeps just playing the game for cheap shares. I'm not worried. Seen it many times!
Just for kicks, $MNII is atop the breakout board LOL! Let's see if that brings us any new buyers tomorrow?
OS is 1,280,597 confirmed from company. There shouldn't be any more shares entering the market...
In all fairness to the CEO and wording in the email, he sent it originally on July 19th. I just noticed this in my junk email today (a week later) :(
I think it's fair to say this has a substantial chance of happening by EOW
$EHSK is worth 4-5x current PPS. Any PR sets this off!
This one has MASSIVE potential...like $655/share potential!!! See my DD sticky. Notice on the chart how this was trading in DOLLARS in the early 2000's when NOTHING was happening with the claims or talks with Cuba. With this OS (350K?) look for a big swing back to dollars with any volume on the ask... $FRAZ
If we get the full payment, the gross value would be $165 per share (see my DD sticky).
Currently I have about 25K shares to add to the count :)
$MNII
Here's an article about the Sugar Industry in Cuba in the 2000's and how they are trying to make it better:
http://edis.ifas.ufl.edu/fe472
And I find this article fascinating about the current conditions of the sugar mills (MNII specifically). This article is from 2004:
http://www.heraldtribune.com/article/20040613/BUSINESS/406130676
Here's an email reply from $EHSK's CEO about the potential asset sale and the outcome...
Dear Mr xxxxxx,
Assuming the transaction goes forward Enhance will have investments being shares in Biosurface Ltd which have been valued at $3.5Million at current exchange rates and no liabilities. The Board would consider its option longer term in respect of those shares which may be sold and/or distributed to shareholders based on tax and regulatory consideration in best interests of shareholders. The value however could go down or up based on Biossurface and its strategy and exchange rates. We will be able to say more about the future strategy and Biosurface at time of asset sale.
I trust that this helps in interim.
Kind Regards,
Donald Nicholson
President & CEO
Enhance Skin Products Inc.
020 7226 8482 London
01349 867425 Scotland
Hopefully this clarifies things for everyone? Sounds good to me :)
$EHSK
I just noticed it in my junk email folder :0
I updated the ibox for new eyes as well today :)
$FRAZ
Here’s my DD on FRAZ:
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
Big things in the works here...
Great pickup at .12 today...
Great find! Thx!
FRAZ may be holy grail of stocks! $52.6mil certified claim with 6% interest. OS in claim is 350k. Can't be much more than that, if any, since the claim was sent in years after the stock stopped trading and was halted on NYSE (trying to confirm with company). If so, full payout amount for certified claim is around $665/share! And they still have an operation on site and a working port! So possible restitution and continuation of business...Which equals a possible payout and shares valued for the current business.
There you go now lol
From FCSC Claim 2525...
The Act provides in Section 503(a) that in making determinations with respect to the validity and amount of claims and value of properties, rights, or interests taken, the Commission shall take into account the basis of valuation most appropriate to the property and equitable to the claimant, including but not limited to fair market value, book value, going concern value, or cost of replacement.
The question, in all cases will be to determine the basis of valuation which, under the particular circumstances, is "most appropriate to the property and equitable to the claimant". This phraseology does not differ from the international legal standard that would normally prevail in the evaluation of nationalized property. It is designed to strengthen that standard by giving specific bases of valuation that the Commission shall consider.
There may be a lot of wiggle room with these claims. If the US is sticking to the claims from 1960, then interest should be owed. If they go for present day value, it could be much more... Either way, their goal should be to protect the US shareholders and corporations. Max penalty/retribution should be the goal. I'm willing to wait 10 years for a max payout rather than 'settling' now for fractions of what Cuba owes. Plus any time delayed will be that much more accrued interest potentially. :)
$MNII
My understanding is the area around Manati is now dry and kind of hard to use for crops? I think best case is a payout on this one... The sister company on the other hand may get more interesting...
I think this is why Nick said potentially starting a new business with the payout. Restitution might be hard to get, but if so the port alone could make it all worth while. Can you imagine being a port owner and land owner with so many paying rent on your land? Big money is potentially made if we go that route as a new business...
Best case, we see a payout and restitution. Not impossible, but improbable.
Best guess is that Cuba understands the importance of this land and value. They would probably rather just pay the money and use the land for their own benefit. Massive appreciation once the embargo is lifted.
So many options and potential here! $MNII
I'm hoping the US understands that Cuba is using these and they are worth WAY more than the original amount in 1960. Honestly, I don't think 6% covers the appreciation once the embargo is lifted. Settling for anything less would be a slap in the face to all who lost these investments!
I think in this case, previous rules do not apply. This large of confiscation has never occurred. If the US really wants to protect its citizens, it will get the full claim. As long as the Castro's are in charge, they have to drive the point home and set a precedent for the rest of the world. If people believe the only reason is because 'Cuba is poor' that's bologna. The people are, not the gov't. Welcome to dictatorship. We hold the cards here. It's not in our best interest to budge. In fact, there's many that believe the interest should be compounded, not simple. If we settle for anything less than principal plus half interest, I'll be shocked!
Yep, many believe it could happen after the election and before the new candidate takes office. It might scare the Cuban gov't into speeding this up. We'll see. It's an interesting story no matter what!
I like this one. I think it educates those that have no business asking for the lift of the embargo. Many think we're doing it just to be mean and it has lost its meaning. If anything, the meaning is stronger than ever and this needs to be dealt with the right way. I know I want a payout as a shareholder, I'm biased and get that. But after doing major research on this, Cuba owes all the citizens that were taken from a HUGE apology and retribution! I feel better once that is done...it just happens to coincide with us seeing a payout too. Unlike many of the OTC flippers, owning this gives me sense of duty and the need to spread the message about those that have been forgotten about...the real victims. Hopefully others here feel the same?!
I've already talked to my governor and Lt governor about a trip in September they are taking. I've asked them to reconsider and not go until the embargo is lifted. I ask more of you here to do the same and stand up for what's rightfully ours (now). $MNII has the potential to make a statement on two fronts!
The big questions here, that no one has the answer to is...
1. What amount will the payout be from Cuba? And in what form/over how long?
2. How much will the taxes, legal fees, liabilities be after payment is received?
3. What will the shareholders get?
If anyone knows #2, feel free to indulge us :)
Yeah I found it interesting! Nick seems like he is expecting something good to happen 'soon' and seems to be the proactive kind of guy to have all of his ducks in a row...he is a lawyer after all. I would take that as a good thing and he might be setting the company up, so when the payout happens he doesn't have to go through a bunch of legal mess then. JMO on the matter. $MNII
$MNII poised to set new 52-week high tomorrow...
Sounds similar to my thinking too. I think Biosurface is the retailer and EHSK will be the manufacturer/distributor? I'm assuming Biosurface is buying the assets as collateral and to protect itself. However, this collaboration seems beneficial for all!
Got more funds tomorrow morning. I'll take a look for sure! Big jumps coming with volume.
LOL now that was funny!
Maybe a share swap? Let's see if someone takes that chunk off the board...
I'm in for the ride lol
Let's say we get screwed and Cuba ends up paying $.04 to every dollar of the principal (no interest). We're still talking over a $1.50+ payout per share. Realistically, this should be sitting $1-$1.50 today MINIMUM!
$MNII
Some juicy tidbits from today's 10-K in regards to Biosurface:
Product Development
We also plan to develop additional products under the Visible Youth trademark, which may include Visible Youth Brightening/Lightening Moisturizer and Serum, Visible Youth BioGlass Mask, Visible Youth Neck Zone Gel, Visible Youth + SPF 30. We would anticipate launching two to three additional formulations per year after the re-launch of the Visible Youth Brand.
The Company is in discussions with several parties to acquire certain technology assets, including patents and patent applications, products and active ingredients, which are complementary to and synergistic with our existing patents, patent applications, current and future products and have the potential to expand and increase the attractiveness of our Visible Youth product lines to potential development and marketing partners.
The Company is also evaluating a number of other technologies and products under collaborations with other companies and universities which we would seek to develop and market either as cosmecueticals or as medical devices depending on regulatory requirements. The Company plans to seek development partners and/or additional funding at the appropriate time to develop some or all its development candidates using its HA delivery technology.
Markets
In March 2016, the Company’s Board of Directors announced that having considered its options it had decided to take a low risk approach to the market launch of its products and not to seek to build its own US consumer marketing structure but to utilize the services of marketing partners with established and proven infrastructures. In the opinion of the Board this will enable the Company to bring the products to market quicker and at less cost and risk to shareholders. Implicit in this was the realization that the Company neither had the personnel resources or financial resources to fully commercialize its technology and products on its own. Consequently, the Company started to seek wider strategic collaboration partners as well as marketing and licensing partners.
Marketing Strategy and Distribution Methods
Management is currently pursuing a wider strategic collaboration under a plan of reorganisation to enable the commercialisation of its technologies and products. In the event that this collaboration does not progress management will evaluate alternative options and structures to enable the Company to commercialize it technologies and products. These range from Licensing and marketing arrangements to alternative strategic collaborations and the sale of its assets.
NOTE 4. GOING CONCERN
On July 7, 2016, the Company and Biosurface Limited (“Biosurface”) entered into a non-binding term sheet in respect of a strategic collaboration and an option agreement (the “Option Agreement”). The Company also issued to Biosurface a secured promissory note in the amount of $100,000 (the “Note”).
The Option Agreement grants Biosurface an option to acquire substantially all of the Company’s assets under a plan of reorganization (the “Option”). The consideration payable upon exercise of the Option is a sum equal to £3,030,000 ($3,912,033 ) comprised of £2,760,000 ( $3,563,436 ) in shares of Biosurface, less all sums due and owing under the Note, and the assumption of certain liabilities of the Company to the value of £270,000 ($348,597 ). The Option expires on July 31, 2016 and the US$100,000 was received by the Company on July 12, 2016.
Under the Note, Biosurface agreed to loan the Company US$100,000 conditional upon the Company entering into the Option Agreement and entering into good faith negotiations with a view to entering into a strategic collaboration via an asset purchase agreement (the “APA”). See Note 12: Subsequent Events.
NOTE 4. GOING CONCERN (continued)
Management is consequently focused on concluding the APA prior to July 31, 2016.
...interesting things coming this week!!! $EHSK
Congrats to those who snag the 50s today! About to make a run here... $EHSK