Replies to post #952 on Francisco Industries, Inc. (FRAZ)

[deet49]

EXXON is most relevant to our situation and their certain victory will set precedent for all others to follow primarily cause it's suit is against Cuban run Companies

Are case also against Cuban run co's agricultural, real estate, rail and Rum distillery all in operation still today but also 3rd parties that benefit from the product(example cookie or soda company in mexico, Canada the EU with a stock ticker in the USA) ship the product distribute the product ect ect

also see post https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148604251

and

find them all on U.S. Department Of State Updates Cuba Restricted List
“The Department of State is publishing an update to its List of Restricted Entities and Subentities Associated with Cuba (Cuba Restricted List) with which direct financial transactions are generally prohibited under the Cuban Assets Control Regulations (CACR). This Cuba Restricted List is also considered during review of license applications submitted to the Department of Commerce's Bureau of Industry and Security (BIS) pursuant to the Export Administration Regulations (EAR).“

FRAZ MNII CUBA XOM ODP CLL WU COT NSRGY

good times, good times, oh the laughs!
good to see you here LMLYP

[deet49]

https://www.foxnews.com/politics/carnival-cruise-line-sued-for-using-confiscated-cuban-ports-without-permission

FRAZ MNII CUBA FCX XOM ODP CLL WU NSRGY

[deet49]

The first test cases have been filed and as the context of the legislation comes more into focus more and more will spring up...
especially the crafting of the EXXON case will be very important that fact that Cuba has decided to show up is huge and I feel they must have something significant to lose or that can be attached to for repayment otherwise they would have just ignored it IMO....

Time is not an issue for me as the meter is constantly running at a rate of 6% per year value at the time of taking plus trebling make it extremely valuable

There is also the very critical issue of damages. To summarize, damages can be as high as three times the greater of (1) the value of the property when confiscated, plus interest at the weekly average one-year Treasury bill; and (2) the current value of the property; plus, in either case (1) or (2), legal fees and costs.

In the case of (1), interest compounds annually and accrues from the date the property was confiscated until the date the lawsuit is filed. Most of the property at issue was confiscated in the 1960s, so cumulative interest could be high.

https://news.bloomberglaw.com/us-law-week/insight-bracing-for-helms-burton-impact-what-to-keep-in-mind-if-doing-business-in-cuba

In this Example Plaintiffs are seeking 100X the original amount
$7.8 million now valued at $792 Million WOW!

The plaintiffs said they own a claim to 10.5% of the equity in Banco Nacional de Cuba, roughly the percentage that Banco Nuñez represented when it was seized. Lawyers for the plaintiffs at Kozyak Tropin & Throckmorton based the $792 million damages estimate on Banco Nuñez’s $7.8 million worth at the time, plus 6% annual interest and triple damages under the Helms-Burton Act, a 1996 federal law.

https://www.cubatrade.org/blog/2019/7/11/societe-generale-of-france-is-target-of-9th-lawsuit-using-libertad-act

PCHM 5.8M o/s we got the one in a million
FRAZ 0.574M o/s is the one in a billion ...?

[deet49]

some leisure reading https://www.cubatrade.org/blog/2019/9/8/wxavytwo3pqtbnnl3pse8rvcp5b1k1