Sat Mar 23, 2024 11:33 pm by globalturboMonday, April 28, 2014
MALIKI ANNOUNCED A RE-INSTATEMENT OF CURRENCY SATURDAY NIGHT
On 4/28/14,
> HI DINARIANS:
> I DON'T KNOW WHETHER YOU ARE LISTENING TO THE TNT CALL OR NOT, BUT THEY
> JUST TOLD US THAT P.M. MALIKI OF IRAQ ANNOUNCED THE RE-INSTATED VALUE OF
> THEIR CURRENCY ON SATURDAY NIGHT. HE WAS SUPPOSED TO DO IT SUNDAY NIGHT,
> BUT JUMPED THE GUN BY A DAY. NOW, THE UST IS SCRAMBLING TO GET THE 800
> NUMBERS OUT TO US SO THAT WE CAN GO TO THE BANKS. I WILL KEEP YOU INFORMED
> AS THIS PROGRRESSES.
KEEP IN MIND THAT THIS WAS A "RE-INSTATEMENT OF CURRENCY AT THE OLD RATE".
THEY ARE ASSUMING THAT THIS RATE WILL THEN BE $ 3.22.
NOW, WE KNOW THAT THEY PUT $ 3.71 ON THEIR CARDS OVER THERE AND THE BONDS
SOLD FOR $ 3.71, SO WHY WOULD THE $ 3.22 BE A GOOD THING.???
WELL, AS THEY ARE EXPLAINING THE REVALUED RATE WILL COME OUT HIGHER BASED
ON THEIR ASSETS, AND A PERCENTAGE OF INCREASE DUE TO INFLATION, ETC. THEY
HAD TALKED ABOUT RATES MUCH HIGHER FOR SOME TIME NOW BASED ON THE ASSETS
CURRENTLY OF THE COUNTRY OF IRAQ, SO THE RATE WILL SETTLE HIGHER AND WE DON'T KNOW JUST EXACTLY HOW SOON THAT WILL BE. IT MAY HAPPEN RIGHT AWAY OR IT MAY TAKE TIME.THEY ARE WORKING ON THESE AGREEMENTS AT THIS TIME.
SO, IF THE RATE DOES NOT CHANGE REAL QUICK, I WOULD SAY DON'T CASH IN THAT
MUCH UNTIL IT INCREASES.TIME WILL TELL ON THIS AND WE SHALL WAIT AND SEE.
THE CALL WILL NO DOUBT GO ON UNTIL ABOUT 5:00 P.M. TODAY AND I WILL HAVE TO
> DO ANOTHER EMAIL WHEN I GET MORE INFORMATION.
> TONY WILL BE HAVING ANOTHER CALL WHEN HE GETS A COPY OF THE NDA AND BANK
> CONTRACT AND 800 NUMBERS, ETC. AND WILL THEN GO OVER ALL OF THIS MATERIAL
> ON THE CALL. IT WILL BE IMPORTANT FOR ALL TO BE ON THIS CALL I WOULD SAY.
> SO, I WILL EMAIL LATER AND THIS IS ALL FOR NOW.
>
> ART
Posted by John MacHaffie at 4:59 PM
MALIKI ANNOUNCED A RE-INSTATEMENT OF CURRENCY SATURDAY NIGHT
On 4/28/14,
> HI DINARIANS:
> I DON'T KNOW WHETHER YOU ARE LISTENING TO THE TNT CALL OR NOT, BUT THEY
> JUST TOLD US THAT P.M. MALIKI OF IRAQ ANNOUNCED THE RE-INSTATED VALUE OF
> THEIR CURRENCY ON SATURDAY NIGHT. HE WAS SUPPOSED TO DO IT SUNDAY NIGHT,
> BUT JUMPED THE GUN BY A DAY. NOW, THE UST IS SCRAMBLING TO GET THE 800
> NUMBERS OUT TO US SO THAT WE CAN GO TO THE BANKS. I WILL KEEP YOU INFORMED
> AS THIS PROGRRESSES.
KEEP IN MIND THAT THIS WAS A "RE-INSTATEMENT OF CURRENCY AT THE OLD RATE".
THEY ARE ASSUMING THAT THIS RATE WILL THEN BE $ 3.22.
NOW, WE KNOW THAT THEY PUT $ 3.71 ON THEIR CARDS OVER THERE AND THE BONDS
SOLD FOR $ 3.71, SO WHY WOULD THE $ 3.22 BE A GOOD THING.???
WELL, AS THEY ARE EXPLAINING THE REVALUED RATE WILL COME OUT HIGHER BASED
ON THEIR ASSETS, AND A PERCENTAGE OF INCREASE DUE TO INFLATION, ETC. THEY
HAD TALKED ABOUT RATES MUCH HIGHER FOR SOME TIME NOW BASED ON THE ASSETS
CURRENTLY OF THE COUNTRY OF IRAQ, SO THE RATE WILL SETTLE HIGHER AND WE DON'T KNOW JUST EXACTLY HOW SOON THAT WILL BE. IT MAY HAPPEN RIGHT AWAY OR IT MAY TAKE TIME.THEY ARE WORKING ON THESE AGREEMENTS AT THIS TIME.
SO, IF THE RATE DOES NOT CHANGE REAL QUICK, I WOULD SAY DON'T CASH IN THAT
MUCH UNTIL IT INCREASES.TIME WILL TELL ON THIS AND WE SHALL WAIT AND SEE.
THE CALL WILL NO DOUBT GO ON UNTIL ABOUT 5:00 P.M. TODAY AND I WILL HAVE TO
> DO ANOTHER EMAIL WHEN I GET MORE INFORMATION.
> TONY WILL BE HAVING ANOTHER CALL WHEN HE GETS A COPY OF THE NDA AND BANK
> CONTRACT AND 800 NUMBERS, ETC. AND WILL THEN GO OVER ALL OF THIS MATERIAL
> ON THE CALL. IT WILL BE IMPORTANT FOR ALL TO BE ON THIS CALL I WOULD SAY.
> SO, I WILL EMAIL LATER AND THIS IS ALL FOR NOW.
>
> ART
Posted by John MacHaffie at 4:59 PM
