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Compass Venture Inc T.CVI.A


Primary Symbol: V.CVI.P

Compass Venture Inc. is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has no assets and has not generated any revenues.


TSXV:CVI.P - Post by User

Post by Nofool1on Apr 08, 2014 1:53pm
275 Views
Post# 22425800

the good and the bad

the good and the badThe good news is that only one more round of hearings for Ed  in May then a one  day session in june, I'm assuming for final verdict with the SOB gone by the 3rd quarter. The bad news is that its been nearly 4 months now and the tribes still control production in the region and its getting worst.
SANA'A, March 31—Local tribesmen set up checkpoints in Hadramout on Sunday to protest the government’s perceived inaction on demands made by the tribes following the killing of tribal leader Sa'd Bin Habrish at a security checkpoint in December. The tribes have prohibited any food commodities from reaching oil companies operating in the governorate. 

    On Sunday, the Hadramout Tribal Federation placed checkpoints on routes leading to the oil companies in order to pressure the government into fulfilling their demands. The federation said Monday in a statement that "the government's procrastination and lack of seriousness to meet the demands of Hadramout tribes has forced us to besiege the oil companies and the camps of the companies' guards."

"The checkpoints set up by the federation will not allow any food commodities to enter the oil companies," the statement added.

The federation warned against smuggling food to the companies, saying that smuggled goods would be confiscated.

After the killing of the tribal leader, the federation raised demands which included handing over control of the governorate to local security personnel and employing Hadramout residents at the oil companies working in the governorate.  

"We will not further escalate measures unless [we] feel that the government is not serious about meeting our demands," said Sabri Bamakhsham, a member of the federation. 

In early March the government provided 202 guns, a billion Yemeni Riyal ($4.6 million) and 20 cars to the tribesmen as part of arbitration efforts. ”The HTF checkpoints have been dealing humanely with the oil companies’ employees. They did not besiege them previously. However, the government’s negligence has prompted us to resort to this,” said Bamakhsham.

Sabri Salem, a journalist based in Hadramout, said that the troops at government checkpoints have been heavy-handed and provocative in inspecting citizens, even though these citizens are not carrying arms. He added the federation checkpoints are now set up and the government forces have kept silent over this move.
 
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