Replies to post #137 on Francisco Industries, Inc. (FRAZ)

[Potomac]

The crux as I see it:


LAWYER FIGHTS INVESTMENT IN SUGAR

Gutierrez is a board member of both the South Florida Water Management District and the National Association of Sugar Mill Owners of Cuba, which represents the former owners of 161 mills nationalized by Castro.

Even though there is no known foreign investment in Cuba's sugar sector, Gutierrez has also taken legal action on behalf of former sugar-mill owners to prevent the possibility of joint ventures in that sector.

"While there have not yet been any suits, we were able to successfully pressure a European/ Middle Eastern banking consortium to withdraw from lending the Cuban Sugar Ministry about $350 million a decade ago to increase production, which would have been collateralized with liens on specific sugar-producing properties--all confiscated from members of our association," he said.