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Friday, 10/10/2014 6:14:40 AM

Friday, October 10, 2014 6:14:40 AM

Post# of 78
Like a lot of KRY shareholders I lost money when Chavez nationalized our assets. I see that the country now has engaged a Chinese firm to develop the assets. Good for them but still bad for us.

Not sure if anyone continues to follow this board, but thought I would mention that the criminals running the country also screwed Exxon by nationalizing Exxon's assets there. I see that Exxon has managed to fight it through a World Bank arbitration tribunal and they prevailed. They will receive something on the order of one billion dollars for that travesty of justice. Here is a link to it on Seeking Alpha:

http://seekingalpha.com/news/2024245-reuters-venezuela-to-pay-exxon-for-nationalization-from-november?app=1#email_link

Is anyone pursuing similiar compensation for the actions of that dishonest government with regard to the KRY circumstances? Not sure about everyone else, but I'd sure like to recoup some of my losses as a result of those unreasonable and dishonest actions. Why anyone would ever consider doing business in that country again will be a question left for history to decide.

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