Thread: Iraq/Dinar News Up until April 5th 5PM CTZ.

Originally Posted by phiberoptik

a quick google of the company name . and heres what i found

Rip Off Report:MEM Financial Solutions, Daniel Duffy, Donovan Rhoden, Mark McLeod ripoff, stock scam, fraudulent and misleadin press releases Grant Florida

seems he has a tab bit of a history with scams..

Exactly Phiber. This guy is a proven scam artist. I don't know why this article keeps appearing like it means something.

Originally Posted by ordinaryseawoman

I don't think so--I'm not too savvy on what Viet Nam looked like when we pulled out--politically and economically speaking--but I think at least with Iraq they have a democratically elected gov'mint, they are putting laws into place and limping along in general.
Sure it's going to be a mess for years if not decades to come, but it's still early. I think even now as bad as it is, Iraq's looking a little better than Viet Nam did...don't you think?

I'm not sure of where they were in economic and political standings either. The only thing I do know of their economics is that we can purchase their currency much cheaper today (more than 30 years after our withdrawal from the country) than the Iraqi currency. Maybe some of our RolClub family economists can weigh in on this.

Personally, I don't think Iraq is as bad off as Vietnam was, but I could be wrong. Vietnam had an entire northern part of their country fighting against us, whereas this is not the case in Iraq. Iraq has the insurgents, but not nearly as concentrated or organized as North Vietnam was. Also, North Vietnam was fighting to maintain communism throughout the entire country, which is not the situation in Iraq (though, this could be considered a form thereof if the insurgents have their way).

Thanks for the reply and I certainly hope you are right. I don't mind waiting for a while on this RV, but 30 years from now, I would have to will it to my kids.

Patty

Originally Posted by phiberoptik

a quick google of the company name . and heres what i found

Rip Off Report:MEM Financial Solutions, Daniel Duffy, Donovan Rhoden, Mark McLeod ripoff, stock scam, fraudulent and misleadin press releases Grant Florida

seems he has a tab bit of a history with scams..

SBRV.pk ... their next SCAM



First, BUYER BEWARE of this brand new ticker symbol and 'company': SBRV.pk -- aka Sebastian River Holdings, Inc. -- aka MEM Financial Solutions.

This new ticker is the 3rd stock symbol change since July of 2004. Here's the brief history of symbol changes and consequent reverse splits that have screwed investors year after year:

July 26th of 2004--
First symbol was VRMD (company name: Vision Real Estate Management and Development) which had a 400:1 reverse split and changed it's ticker symbol to MMFS resulting in a company name change (they claim it was a 'merger') to MEM Financial Solutions.

April 11 of 2005--
MMFS had a 200:1 reverse split and changed their ticker symbol yet again to MFSN and their PR releases (after talk of insider stock shorting) said they received the "immediate resignation of Daniel J. Duffy".

Now on April 5 of 2006--
MFSN had a 400:1 reverse split and again changed their ticker symbol from MFSN to SBRV and claim in the PR releases that they've changed their company name to Sebastian River Holdings, Inc. and -- get this -- Daniel J. Duffy is now the acting CEO.

Bottom line: it's been the same company and same people reverse splitting and changing company names and CEOs around since day one all along feeding the public with bogus "forward looking" PR releases with the intent of enticing more buys, only to change company names and profiles, acquire more buys and reverse split again.

I called MEM Financial Solutions today and was told that Daniel Duffy no longer works at the company. Also, i was unable to get Mark McLeod (his business partner) on the phone for further questioning and he has yet to return my calls.

Note that all relevant contact info for MEM financial Solutions can be found at Intro. And that the contact info i have listed for this report is for Daniel Duffy's phone, email and business address as provided to me by MEM Financial Solutions and recent PR statements.

Something needs to be done about this (legal action, auditing, etc.) as while it's realized that any stock investment comes with relative risks and rewards, it is evident that now after 3 HUGE reverse splits in less than 3 years, such moves are highly suspect and should warrant full investigation.

Sebastian River Holdings/Legal Action



I am a wireless consultant for Family Cellular, a subsidiary of Sebastian River Holdings (SBRV). Once a week, the whole company meets and Dan Duffy comes and speaks to us. He talks of how Family Cellular's numbers are taking the company to big places. Just last week, when talking about opening SBRV's ticker into public trade he told of how he was a master of manipulating the market and how SBRV would "surprise the market".

My question to anyone reading is this: how can i protect myself and the innocent people i work with from being hurt by what is going to happen to them.

Here's the kicker... Dan's only three rules he holds us to at Family Cellular are these: "don't lie, don't cheat, don't steal." I find these words to be ringing all too ironic now.

William - Titusville, Florida
U.S.A.

END OF THIS STORY ABOUT "Sebastian River Holdings, Inc" !!!! BOYS TUCK YOUR TAILS AND GET ON OUTTA HERE!!

(neno, please ban the scammers)

At one point in the not too distant past a few of our astute members were providing a list of important dates/milestones to the reaval. I was wondering if anyone is still tracking and if they would be so kind as to post an update.

Thanks

Originally Posted by PAn8tv

At one point in the not too distant past a few of our astute members were providing a list of important dates/milestones to the reaval. I was wondering if anyone is still tracking and if they would be so kind as to post an update.

Thanks

i dont know about a compiled list but funding runs out from the usa on the 15th of this month and there hasnt been anymore appropriated and congress went on vacation so it doesnt look like they will be getting any by the 16th.

Shell VP Confirms Gas Development Talks with Iraq
by Adam Smallman and Oliver Klaus
FWN Financial News 3/29/2007
URL: RIGZONE - Shell VP Confirms Gas Development Talks with Iraq
ABERDEEN, Scotland, Mar 29, 2007 (Dow Jones Commodities News via Comtex)

Energy giant Royal Dutch Shell PLC (RDSB.LN) confirmed Thursday that it has been in talks with oil officials from the Iraqi government over the development of the country's gas industry.

Speaking on the fringes of an oil and gas conference in Aberdeen, Scotland, Shell's Executive Vice President for Development and Technology in Exploration and Production Matthias Bichsel confirmed representatives of his company met with Iraqi officials in Oman to explore opportunities for the development of Iraq's largely untapped gas reserves.

Shell has offered to work with Iraq's government to develop a plan for building its gas industry, Bichsel said, although he said the talks are at an early stage and no formal plan has been proposed yet. Bichsel couldn't comment on whether the meeting in Oman had a positive outcome.

Managers from Shell spent much of last week with top oil officials from Iraq to discuss investment terms, people familiar with the matter told Dow Jones Newswires earlier this week.

The company hosted a week of meetings behind closed doors at a hotel in Muscat, Oman, to exchange information on prospective oil and gas joint-venture contracts and investments to upgrade Iraq's dilapidated oil industry, a person with knowledge of the talks said.

Veteran Iraqi oil expert Issam al-Chalabi, a one-time oil minister for the country, said the talks in Muscat concentrated on the gas plan, with Shell officials apparently showing their Iraqi counterparts around the company's gas projects in Oman.

The Muscat meeting follows another Shell-hosted gathering in the Netherlands recently at which Iraq oil ministry officials discussed the company's blueprint for gas development, al-Chalabi added.

The Iraqi delegation in Muscat was led by Thamer al-Ghadhban, a former oil minister and now senior adviser to Prime Minister Nouri al-Maliki, Deputy Oil Minister Abdul Jabbar al-Wakkaa, the head of the Oil Reservoirs Co. Nateq al-Byaiti, and a senior official from the Ministry of Planning.

It isn't known who represented Shell.

The efforts underpin attempts by foreign oil majors such as Shell to ensure Iraq offers them favorable investment conditions, just as lawmakers prepare to vote on a draft oil law that puts in place a nationwide framework to develop its hydrocarbons industry.

A Shell spokesman said the company has three conditions to invest in the Iraq: free elections, which have now taken place; the implementation of new oil and gas legislation; and improved security.

Shell has long expressed interest in opportunities in Iraq, where it had concessions from the 1920s until the nationalization of its oil industry in 1972.

It has already begun studies for the government with an eye to possible acreage when the oil law is passed.

Following cabinet approval last month, lawmakers in Iraq are soon to debate the oil law that is expected to open the country's 115 billion barrels of proven oil reserves, the world's third largest, to foreign investors.

But the legislation's current form fails to clarify issues critical for investment in the country, namely the terms for foreign oil companies' participation, and whether they would be allowed to take majority stakes in some Iraqi oil fields.

International oil companies have long been accused of attempting to influence the terms of oil investments in Iraq.

In the fall of 2004, the International Tax and Investment Centre, which lobbies for business-friendly legislation and is financed by companies such as BP PLC (BP) and Shell, delivered a report advocating production-sharing agreements in Iraq.

The Centre's Iraq project, which comprises BP, Shell, Eni SpA (E), Exxon Mobil Corp. (XOM), Total SA (TOT) and Chevron Corp. (CVX), is due to meet again this spring.

Shell Desperate For Iraq Success

Shell is desperate to gain a foothold in Iraq because "its current oil stakes aren't in a good situation" according to Shamkhi Faraj, a former Iraqi oil official and now an oil consultant.

Iraq, he added, "wants to diversify its investment relations with oil majors to include not only American companies but also European, like Shell, and others."

Al-Chalabi added that Shell boasts particularly strong relations with Baghdad, even during the former regime of Saddam Hussein.

Iraqi oil officials have previously said Shell was holding talks for a service contract to carry out oil-field development in Iraq as well as to develop Iraq's vast gas fields.

Since 2005, the Anglo-Dutch major has also been working on technical studies on the Maysan oil field in the south and the large Kirkuk field in the north.

Shell, like Norway's Statoil (STO), has an agreement to bring Iraqis to their overseas operations for training, a key part in developing relationships.

The pace of interest in Iraq from oil companies has quickened in recent months as the oil law moves nearer to completion.

ExxonMobil is joining the lengthening queue lining up to enter Iraq, though that day may be some way off.

"There are areas like Iraq that at some point in time we may be able to go," Stephen Cassiani, head of ExxonMobil's upstream research, told Dow Jones Newswires in Bahrain recently.

"We can't go now for obvious reasons...but that doesn't mean we're not watching it. It doesn't mean we don't understand it," he added.

15 international call for the drilling of 50 new wells

Baghdad Al-Sabah Al-Jadeed
Instructed the Ministry of Oil to South Oil Company approached 15 international competent digging oil wells to drill 50 new oil wells.
He said Mr. Assem Jihad, spokesman of the Oil Ministry today, Sunday, the ministry said the ministry instructed the South Oil Company approached companies for the drilling of wells in the fields and Fakkah Bozorkan and Abogrb and flying one of the oil fields of Misan,

But he did not clarify when the directive.
He added that the fields will be up by 40 productive and 10 water-injection and it is hoped that these new wells in the event of delivery rates increase production by 60 to 70 thousand barrels per day.
He said that the work on the activation of these fields ranges between one to three years, depending on the nature of the field

The Ministry of Construction completed the construction of 18 new schools



An official source at the Ministry of A'marualescan that the ministry completed 18 new schools in the governorate's campaign to build schools, which started last year, said that the total of 97 schools completed a school of the total 297 schools


The ministry is establishing distributed to all of Iraq's provinces except the province of Baghdad and the Kurdistan province under a contract with the Ministry of Education.


All Iraq - Azza Mahmoud

Originally Posted by Hardwood

If you look at today's "Auction" you see that there were 13 banks participating and the volume was eerily low...

Today was basically a "Sale" and not an "Auction" since they announced earlier that they were "Pegging" the Dinar.

Also, we saw that today was formerly a religious holiday, but they decided to rescind the holiday in order to conduct business.

Then the article today about some banks not honoring the smaller denominations, and the rebuttal from the government stating their disapproval of such practices within the banking system.

The Investment Law will take effect in a matter of days, according to previous articles.

The Hydrocarbon Law is all but a done deal and may actually be done for all we know.

The 2007 Budget goes into effect today.

There is a HUGE tanker sitting in port.

The Middle Eastern countries are close to a reval of their currencies.

Kuwait is staving off speculators.

OK, is that enough ammunition to form a very optimistic opinion today?

This bubble is about to burst, the lid's gonna blow off the pressure cooker, the train is pulling into the station.... pick your cliche'

This will be the BIGGEST week in Iraqi History. Mark my words.

Thank you and have a great day!

Man, it took me FOREVER to find this most excellent post by HardWood--and I'm SUPPOSED to be studying for a test! Don't tell my sweet husband I'm goofin off on the forum!

I would add to this list that the GCC posse is supposed to meet tomorrow. Earlier articles had them discussing the "revalue" of their currencies (Think the recent articles I posted about Kuwait trying to stave off speculators)

The ISX is supposed to open on the 10th, though I do not know where that date comes from, just something I saw in an article somewhere a while back.

the ICI donors are supposed to meet again before the end of the month to push the compact further along...I"m sure there is much more, but like I said, I'm supposed to be studying (gotta learn Morse Code flashing light) so I"ll sign off for a while and leave the heavy research to some of our more ambitious news hounds.

Happy hunting!
OrdinarySeaWoman

Grant million dinars to the families displaced in Dhi Qar
Date : Monday, April 02
Topic : the first page
The Immigration Service and the displaced in the province of Dhi Qar, the Prime Minister distributed grants amounting to 380 million dinars to the families displaced in the city. And the director of the Immigration and Immigrants in Dhi Qar Ali Saleh Al Hilo, the families covered by the 3800 grant each family received 100 thousand dinars.


Was the preparation of a timetable for the handover of the remaining displaced families living in districts and wards in the governorate, adding that this is the first installment of the grant, followed by other batches of the families that have been received so far share, that the number of families displaced in the province of Dhi Qar, the 5430 family distributed in the various regions. He pointed out that the Immigration and Immigrant distributed heaters and mattresses, blankets and food aid on a large scale for families displaced to the province of Dhi Qar, after the events of Samarra.


All Iraq - Ahmed Karim