GREY:UROFF - Post by User
Comment by
forbyon May 13, 2007 2:28pm
279 Views
Post# 12773260
RE: genuine question
RE: genuine questionHere is my opinion.
VZ signed a contract to be included in an organization so that it could attract investment from companies who wanted some assurance that their money was not dropped into a big sinkhole... that some leader could come to power and say "I don't like your company, thanks for the money and the research and the development, now get out of our country and don't come back".
I would think that VZ backed up this guarantee with assets that were in other countries in the world. If VZ does not want to be a part of that organization anymore, I guess it is their choice, but I don't think it releases them from any claims on those assets by the 3rd parties who invested in VZ.
Likewise, if other countries want to drop out, I'm sure they will be held accountable in a similar fashion for any outstanding claims. If there are no claims then it doesn't matter.
Now if Chavez can at his whim nationalize oil companies, and absorb any investments into his country without any compensation to the investors, why would any investors be so eager to drop investment dollars into VZ with no guarantee of ever getting a penny out? Perhaps you as KRY investor can answer that? I should think you would be very eager to see VZ held to their agreements.