Manati Industries, Inc (MNII)

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Special Briefing
Senior State Department Official
Via Teleconference
July 20, 2016....

QUESTION: Hi, thank you for doing this. My question has to do with the property rights issue. I wonder if you could give us any details there. And two, whether Cuba still has outstanding property rights issues with any other countries, and is there a target number we’re looking for, like settling on 20 cents on the dollar, 10 cents on the dollar, whatever? Thank you.
SENIOR STATE DEPARTMENT OFFICIAL: Juan, thank you for that question. As I mentioned, property claims is one of our top priorities. We had a initial – or first-round meeting with the Cubans on this issue last December in Havana. We will have a second round of talks here in Washington at the end of this month. We certainly have not laid out any kind of – the details which you’ve described. That will emerge from the negotiations, but we’re committed to pursuing all of the registered claims, as well as other claims that U.S. citizens have against Cuba.
So it’s a process. We had a good round last December. We hope to make further progress this month in moving forward on the issue.
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