Replies to post #1087 on Francisco Industries, Inc. (FRAZ)

[deet49]

yes and no first the helms Burton act title III allows a company to sue traffickers in confiscated properties like 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

so the third party bank is being sued

then like
Exxon Mobil sues Cuba for $280 million over expropriated property
https://www.reuters.com/article/us-usa-cuba-lawsuit/exxon-mobil-sues-cuba-for-280-million-over-expropriated-property-idUSKCN1S91YQ

this one is against a Cuban government run company and if Exxon didn't think they can collect then why run up the tab now but yes they can collect though seizures and attachments CUBA has Money the Generals are all Billionaires

another avenue is

FCSC to direct the US$13.575 billion in fines it collected due to the embargo to compensate claim holders https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148755045

there is more but your really gonna have to dig in only have to go back a few hundred posts

later

FRAZ Not if But When