Smartmatic says it will sell its American subsidiary, Sequoia Voting Systems, “to end a review by the Committee on Foreign Investment in the U.S. [CFIUS] into whether Smartmatic is partially owned by the Venezuelan government,” the Wall Street Journal reports.
Source:
1. https://www.wsj.com/articles
2. https://www.smartmatic.com/smartmatic-announces-the-sale-of-its-subsidiary-sequoia
1. Why, after submitting to the CFIUS review with confidence that it could prove it was not owned or controlled by the Venezuelan government, did Smartmatic abruptly sell Sequoia, its crown jewel?
2. Why did Smartmatic suddenly give up what is arguably its most profitable market on earth rather than allow CFIUS to complete its review?
3. Is there something about undeclared owners of Smartmatic whose existence the company did not want CFIUS to discover?
4. How did Smartmatic’s sale of Sequoia to “end” the CFIUS review provide confidence to American voters that the company and its software is not controlled by a foreign regime?
5. Why did Smartmatic suddenly collapse its growing business by selling Sequoia before the CFIUS investigation was complete?
6. What did Smartmatic do to ensure its Venezuela-commissioned source code remained in the Sequoia machines?
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