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Here's my DD on this buyout...
There is very little on Biosurface Limited, partly because it was just formed in the UK. Here is the recent application for business from the gov't website: here
You will see two officers - Tony Richardson and Declan Service
Tony looks to be the CEO/Company Director. He also is currently the Director/CEO for Venn Life Sciences (Which is HUGE!). And he also works with Declan at Innovenn (Which is HUGE TOO!). Here is the connections: here
Tony is making Venn Life Sciences into a monster by acquiring all sorts of businesses in the pharma/medical field! Here are the highlights of this company here.
Venn Life Sciences is linked to Biosurface Limited by the CEO and Address: Both reside at 19 Railway Rd, Dalkey, Co. Dublin, Ireland VERY INTERESTING>>>
https://www.google.com/?ion=1&espv=2#q=19%20railway%20road%20dalkey
And, Venn Life Sciences has the same Agent as Biosurface Ltd: 'BPE Secretaries Ltd' located at the same address.
Now throw in Innovenn! "Innovenn is a dynamic go to market hub with a unique portfolio of products and services in skin science."
The Innovenn team is managed by none other than Declan Service: here
So in summary, I think Tony and Declan are forming a company 'Biosurface Limited' and taking their products/sales to the US! Seeing the success each has had in the European markets, getting into the US will be HUGE!!! This merger will be worth way more than $4mil... this is just the start!!!
$EHSK
Stairway to heaven forming on the daily chart! $EHSK
Yep! Flippers getting locked out! Watch out above .01!
$EHSK about ready for a breakout!
Yep, just loaded big time!!! $EHSK
BILB going...
A bipartisan group put together to resolve the Cuban sanctions. They've made some good headway and might be the voice of reason during negotiations? Notice their top action...
Www.Engagecuba.org
REMAINING ACTIONS THAT COULD BE TAKEN
By the Administration:
• Negotiate a settlement of the outstanding “certified property claims,” and support private negotiations to settle legal judgments entered against Cuba.
• Allow Americans to take advantage of medical advances in Cuba by licensing both clinical trials and sales of Cuban pharmaceuticals in the United States, and joint ventures between U.S. and Cuban pharmaceutical companies. Also, extend a general license to pharmaceutical companies to conduct clinical trials in Cuba.
• Issue additional guidance (via OFAC) to banks and financial institutions that would clarify concerns over potential enforcement actions resulting from processing authorized payments to Cuba.
• Remove regulations that expose third-country banks to U.S. legal sanctions for processing financial transactions between Cuba and third-country firms.
• Expand opportunities for the U.S. hospitality industry by creating exceptions within the hospitality sector for U.S. companies to operate in Cuba in ways that would directly benefit the Cuban people; i.e., construct facilities for medical tourism or rehabilitation centers.”
• Allow philanthropic organizations to undertake projects in Cuba, provide payments to participating Cuban nationals and institutions, and require deliverables and reports at the end of the project.
• Allow U.S. insurance providers to insure U.S. and other foreign business operations in Cuba, as well as Cuban private business operations.
I'm surprised so many are trying to flip in the 20s? Almost blasted to the 30s the other day. Not that many buyers originally in the under 20 range. Flippers going to get left behind...
Hopefully just profit taking...
$MNII
This stock is a powder keg next to a guy smoking a Cuban cigar! :)
I think your assumptions might be correct! The inner circle appears to be growing... $MNII
FYI - all ihub customers have free premium items for the next week... Just realized I can PM today lol
Starting to get some action! $EMBT moving up quickly!
Once these 27s are gone, this could run pretty hard... $EHSK
I don't think people understand the news...
I'm in! This way too undervalued at this level. Buyers are coming soon... $EHSK
The same as all the other claims. I think the fact that Cuba stole the electric company, they could ask for restitution of the company and infrastructure, but I would assume ODP would just want to take the $ and run.
But since they have a major corporation, I don't think investors would see a divvy like $MNII. They would just absorb it into their financials? No idea. Would have to ask the company what their plans would be. But I think the outcome for $MNII might be sweeter for the shareholders.
Not sure. Most don't trade anymore.
CHME nice buying today! Big volume!
"The largest, at $267 million, belongs to the Cuban Electric Company, Havana’s major power utility at the time it was taken. After changing hands through corporate mergers and sales, the majority of its shares today are owned by Office Depot. Other U.S. companies that have claims include Texaco, Coca-Cola and Colgate-Palmolive."
I'm pissed! Had my order of 65 in since yesterday. But, the MMs fill an order at 40 this morning?! Corrupt bastards!
I believe that to be accurate. Considering Castro was offering $1 Billion in 1964 for only the sugar take-overs. I assume that priority hasn't change and I would assume your statement to be true. We'll see! Fingers crossed! $MNII
What everyone has to put into perspective is that there are two separate arguments on the table.
1. Private US citizens/corporations saying $8 billion owed by Cuban gov't.
2. Cuban gov't saying US gov't owes it $200 billion.
#2 doesn't cancel out #1 because they're apples to oranges.
Now if the US gov't says fine, we'll pay the private claims and Cuba drop the argument, that suits shareholders just fine. However, the ones originally stolen from feel slighted because they really want the restitution too, because the land was rightfully theirs to begin with.
Nothing is for certain... $MNII should be fun to watch though!
Nice! Party at your place if everything pans out! I'm buying a vacation property in Cuba for shitz and giggles.
Anyone going short on this one? LMAO Lock your shares up above $1 and this will fly soon. Sadly only 15 board marks earlier...we lost somebody lol
$MNII
Hey me too! Right on!
You a US citizen Aqua? Also, there is a TA assigned to MNII. I just don't know what one.
No dilution. Since claims have to have 51% US Nationals in control at all times, diluting would open that up for possible violation of that rule. So hopefully Aqua is a US citizen LOL?!
It's possible the president of the company can add shares to the float, but that is not in anyone's interest. I guarantee he doesn't want others taking a piece of the pie that's not already out there. Plus there is no business to support for the cause of dilution. The OS is locked and won't go anywhere until a potential payout is done or a new business is created via restitution. Either way, everyone she be plenty well off at that point ;)
$MNII
I think the two sides are going to reach some sort of agreement in the next few months... $MNII
Since May, we've seen consistent volume and traded a total of 518,900 shares. Now about 220k were sells and 290k were buys. Looking at our L2 and knowing the OS is 1.28m, I would say the active float is very very small. Seems each buy is locking up shares for good. Any below $1 will be a gift soon... $MNII
Today's update from Havana! Wonder why both sides had financial representation there ;)
CUBA 13 July of 2016.- Representatives of Cuba and the United States held the days 12 and 13 July , in La Habana , the third meeting of the Dialogue on Issues Regulatory , mechanism established in October of the United States in the implementation of some aspects of the blockade in Cuba for the relations commercial and financial .
The opening of the meeting was in charge of the deputy minister Cuban of Commerce Foreign and Investment Foreign , Ileana Nunez Mordoche and coordinator of the Office of Affairs Cubanos the Department of State , Mark Wells. In exchange two days was attended by Cuba executives of the Ministry of Commerce Foreign and Investment Foreign , and the Banco Central de Cuba, as well as the Ministries of Foreign Affairs , Economy and Finance and Prices . For the United States were present officials the Departments of Treasury , Commerce and State .
Surprised after t-trade this didn't pop back up! On watch!
The levels are starting to show/spread out into dollar land... $MNII
Bidding 65. Seems like a potentially big runner!
Makes sense. Thx!
I use schwab
Why does the company need $100k loan if they are just going to sell it? Seems odd to me... Any ideas?
I added some basic info to the ibox for new visitors. Currently 16 members following this LOL. 16 very smart traders :)
$MNII
I have been researching the feasibility of Cuba being able to pay the settlement, when they finally agree to lift the embargo. Here is an interesting article that took me down an interesting rabbit hole:
A French windfall for claims?
However, recently a possible mechanism has
come into play with funds from an unexpected
source that could ease compensating certied
U.S. claims.
“e U.S. government is looking at the feasibility
of using the penalty money received from BNP
Paribas for violating the embargo to pay the certi-
ed claims,” said Cuban-American attorney Pedro
Freyre of the Miami law rm Akerman LLP.
e funds Freyre refers to are the $8.8 billion
the U.S. Justice Department collected from that
French bank for violations of U.S. trade sanctions
imposed not only against Cuba, but against Iran
and Sudan as well. Last month, DOJ said that it
intends to use the BNP Paribas penalty funds to
compensate “persons and entities” harmed by the
Cuba, Iranian and Sudanese governments.
In the case of Cuba, DOJ would rst have to
determine how much it would apply towards
FCSC claimants, as opposed to those with claims
against Iran and Sudan.
“Many Americans have already had their
Cuban claims vetted by the FCSC, and they have
been waiting for a long time to receive anything,”
attorney Heather Lowe of the better governance
and transparency group Global Financial Integrity
told Voice of America (VOA) News last month.
“ey will scream loudly if newcomers are allowed
to jump the BNP ‘queue.’”
https://www.arentfox.com/sites/default/files/CubaStandard201506Selection.pdf
And another one (notice the website?)...
“BNPP, the world's fourth largest bank, has now been sentenced to pay a record penalty of almost $9 billion for sanctions violations that unlawfully opened the U.S. financial markets to Sudan, Iran, and Cuba,” said U.S. Attorney Bharara. “BNPP provided access to billions of dollars to these sanctioned countries, and did so deliberately and secretly, in ways designed to evade detection by the U.S. authorities. The sentence imposed today is appropriate for BNPP’s years-long and wide-ranging criminal conduct.”
“The sentencing of BNP Paribas Bank and the $9 Billion monetary penalty should sound the alarm to international financial institutions thinking of perpetrating these crimes,” said Chief Weber. “The ability of IRS-CI and our partners to expose blatant violations of U.S. embargos and sanctions has changed the way financial matters are handled worldwide. We will continue to use our financial expertise to uncover these types of violations, as well as methodical and deliberate actions to conceal prohibited transactions from U.S. regulators and law enforcement.”
https://www.justice.gov/opa/pr/bnp-paribas-sentenced-conspiring-violate-international-emergency-economic-powers-act-and
Which then led me to this site...
http://www.gao.gov/assets/680/675987.pdf
So, basically the U.S. has enough $ through penalties and confiscations to pay off the Cuba Claims if needed. However, I believe they are trying to do the right thing and make Cuba pay for their own doing. And one also wonders if the US has set aside the money for this already, or have blown everything on other gov't items?
Here's one last interesting article on paying the claims (general article):
http://www.incubatoday.com/news/article47515600.html
There is so much info out there about this issue and yet the outcome is anybody's guess. There are two sides to this, 1). People don't think Cuba has money and dismiss any chance of a FULL settlement, and 2). People who think Cuba can get the funding needed to pay in full or the US has to do it. Restitution of land rights is a whole other story and doesn't look too likely at this point, as Cuba would want to hold onto the land they seized. So a monetary payout seems reasonable.
In the VERY WORST case scenario for a MNII payout, lets say Cuba pays the US 4 cents for every dollar they owe: $48,587,847.92 x .04 = $1,943,513.92 (and that's with no interest assumed). So if we can get 4 cents to every dollar owed on principle, the payout should still be $1.52/share!!! 50% of principle nets $18.97/share. You can see with any payment over a few pennies, the gains here ridiculous! If people see the light, we should continue to see a steady rise of PPS. $MNII
I found it on Twitter. I'm following the Cuba embassy in US posts and they retweeted a few tweets from this person:
Josefina Vidal (@JosefinaVidalF)
7/11/16, 1:33 PM
Representatives of #Cuba & #US Governments will hold the 3rd meeting of the Regulatory Dialogue on July 12-13 in #Havana #USCuba
She looks to be the General Director of direction with the US and minister of relations for Cuba. Seems pretty legit! ;) I'm following her too now as she may have quicker onsite than our US channels LOL
$MNII
I have no idea what pro chr loc means? Pro charter location? Something along those lines... Either way, they are definitely staying current for a reason! $MNII
looks like the biennial is just to stay current with the NY SOS. Not a bad thing it was recently filed. Good for two years it looks like.
How to file your New York Department of State Biennial Statement:
Corporations, LLCs and LLPs have to file reports with the NY Department of State. Non-profits and limited partnerships are not required to file reports.
NY LLCs file a report called the Biennial Statement every other year. These are commonly confused with an annual report, as many states use. The New York Department of State will send you a Biennial Statement form. The form explains how to file the report online. The system is fairly easy. You enter your company information and credit card information and click ‘Submit.’ See the link below. Once your company is delinquent you cannot use the online option.
Interestingly, this company filed bankruptcy and sold its assets in 2001. So that begs the question - why is this ticker still here and trading? Why doesn't it have a Q at the end or why wasn't it dissolved in 2001?
Trying to dig for more, but that's all I've seen so far. R/M happening? No idea why this would be trading...