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pitboss22

07/19/13 1:57 PM

#2786 RE: kjb76 #2785

As far as being "outdated".....

> The MMCZ is still on the US Treasury's OFAC SDN list.

> U.S. nationals still may not do business with these designated entities or with other entities they control.

> Except for precious metals and gemstones, all minerals are still subject to Zimbabwe's MMCZ Act, which still prohibits the export of minerals other than through the MMCZ.

> We have still not seen any exception to these laws granted to the company.

> Under US law, if a "person", acting on behalf of the company breaks or attempts to evade the law, the company is legally responsible. Otherwise, if one wanted to break the sanctions, all they would have to do is hire a go-between and the sanctions would become moot.

> BHI, Steinbock and Yasheya have no legal concern as they are not required to deal with the MMCZ. They are NOT the exporters from Zimbabwe as the port of Beira is not in Zimbabwe.

Have a nice day. The wife and I are heading out to see the sights.