Francisco Industries, Inc. (FRAZ)

[deet49]

Godzilla-sized ExxonMobil gets ready to stomp socialist Cuba like a bug

Mere days after President Trump lifted the waiver on lawsuits by Americans to sue communist Cuba for expropriated assets, Big Oil's Bigfoot, ExxonMobil, was on this case like Godzilla. The Miami Herald reports that it is ready to stomp Cuba:

That's a monster. And it's going to cost Cuba big, if ExxonMobil wins, and ExxonMobil always plays to win, and with some of the world's best attorneys, it usually does win. The Helms-Burton law of 1996 states that U.S. companies who had their property stolen by communists in Cuba are entitled to sue for three times the value of the stolen properties, plus 6% annual interest, which, compounded over 60 years of Castro rule, is a...lot of interest. The company must have had that lawsuit ready for Trump's move, given the speed with which it was executed.

Why do I think this will be a monster for the Castroites? Well, because back when I was reporting news, I wrote an investigative story describing ExxonMobil's response to Venezuela's expropriations. The company fought the Chavistas like the Mobil tiger in the tank — and it eventually won more than a billion in compensation. The company plays for keeps.

Couldn't happen to a nicer bunch of socialist thieves.

(Excerpt) Read more at
https://www.americanthinker.com/blog/2019/05/godzillasized_exxon_mobil_gets_ready_to_stomp_socialist_cuba_a_bug.html

FRAZ CUBA ODP CCL XOM MNII

Q1 Absolutely, yes, No doubt he has a strategy after all he's has been waiting on bated breath for about 25 years

Q2 not recently I'm sure he's very active at the moment I will in another while though
No worries No hurries

I think letting EXXON clear the path might be of much benefit for all other claims who do not have the infinite resource