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Author: Subject: Carlos Slim Buys Loreto Bay
Aqsurfer
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[*] posted on 8-21-2013 at 11:02 AM


Hola Diana,

I am sorry to hear that you will not be there this year - the lifeguard trips have always been a great team effort and you certainly played a big role in finally getting there last year. You are welcome to caravan with us - first week of October. I will finalize dates by the weekend.

I am also going to post a request here for donations to the ISLA to cover costs. The volunteers have just spent a long summer keeper lots of folks safe and it is the least we can offer (covering fuel/food costs).

Re: land. The days of straw-man bank trusts and foreign owned Mex corporations to execute land transactions are certainly at their end.

Re: oil refinery. Were any documents filed for permitting? I would be careful regarding these efforts. Pemex has already conducted extensive benchmark testing throughout the Vizcaino peninsula.

Peace,
Aaron
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bajacalifornian
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[*] posted on 8-21-2013 at 05:52 PM


"Re: land. The days of straw-man bank trusts and foreign owned Mex corporations to execute land transactions are certainly at their end." Que dice?



American by birth, Mexican by choice.

Signature addendum: Danish physicist — Niels Bohr — who said, “The opposite of one profound truth may very well be another profound truth.
Jeff Petersen
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Aqsurfer
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[*] posted on 8-23-2013 at 10:49 AM


Hola Jeff,

Regarding:

"Re: land. The days of straw-man bank trusts and foreign owned Mex corporations to execute land transactions are certainly at their end." Que dice?

This comment is directed at small-scale purchasers of land. As Diana said, alot of people are standing by to execute land purchases in Baja/Mex until after Art 27 is amended to permit direct small scale land purchases in fee.

Fideicomisos are not going away overnight. They will continue to run in perpetuity as legally constructed. I expect many to convert fediecomisos to fee title as soon as current lease terms expire/renewal period.

Foreign owned Mex corporations will also continue to exist. I was referring to a strategy by small-scale purchasers who wanted to avoid fideicomisos in favor of fee purchases. Foreign persons can set up a Mexican corporation (100% foreign owned) and have the Mexican legal entity purchase lands in fee.

I apologize for the broad statement and not providing more context.

Peace,
Aaron
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Worldtraveller
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[*] posted on 9-14-2013 at 12:29 PM
Slim & Volaris


He sold ownership share in Volaris a few years ago.

Quote:
Originally posted by Bajahowodd
Carlos Slim Helu, the richest man in the world. Born of Lebanese immigrants to Mexico, once drove a cab in Mexico City.

He has been demonized for buying control of Mexico's telephone system and keeping rates inordinately high, while failing to modernize the technology at a pace anywhere near found in other nations.

Probably true that if he really does buy out the Loreto Bay owners, he could achieve a symbiosis with Volaris flights to Loreto. But then, he'd be helping the Villa Group in doing so.

I guess time will tell.
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