Friday, March 11, 2011 9:45:26 AM
What you have developing in Libya may be the worst case scenario for any company doing/trying to do business in Libya.It would appear now that Khadaffy stands a good chance of prevailing as stated by US national intelligence director James Clapper.We have Sarkozy,Cameroon,and now Merkel(too bad you Americans didn't elect someone with some balls) calling for Khadaffy to step down.Now put yourself in the mindset of the Col.,hmmmm.I think I can win but some foreigners are asking me to step down.I think I will stay and fight.
Now,what to expect if Khaddafy fights and wins.First off,because of their betrayal Khadaffy cuts off France,UK, Germany and possibly Italy.He is happy the USA did not get involved in his affairs but irregardless the USA imposes trade sanctions on Libya thereby no US company can do business in Libya.If you need a refresher on what that does look at Libya from about 1985-2004.So who could he sell to and do business with?China maybe?CNPC? but we already know how he screwed them.
Now if the rebels win.How many years would it take to negotiate a deal involving any industry with the rebels?Will they even honor existing contracts with companies through the world?A dicey situation at best.
With that being said,if you had a position in Axis you are probably better off just holding and praying to Allah.I mean really,if you had 100,000 shares what could you reasonably expect to walk away with.$3000-$6000 .If that amount of money means that much to you,don't buy pink sheet companies.After all,shells are like a box of chocolates,you never know what business you will be in next.
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