Quote Originally Posted by Seaview View Post
Thanks OS - took from another thread.

I believe that it is quite significant that the ISX website went offline and am even more surprised that this thread did not gender more attention. My thoughts are that if the ISX allows foreign investors in without a significant 'bold adjustment' that this will indeed end up being a slow grow. Which I very much hope not. So we are either close or .......? views?

Anyone?
The definitive answer to that is...

MAYBE???

Just kidding. My real answer is YES close. I definitely see the ISX opening for foreign investment through local Iraqi Brokers/Traders (within the 60 day period). Next week, maybe, maybe not, but soon. Maybe next week is a test run open only to Iraqis. Just a guess on that, but I have trouble believing they will wait an additional 60 days to bring in foreign money, when they already have the locals money available, so maybe next week maybe not. Also, I have trouble believing they will wait till October for electronic trading, especially with the September report to the U.S. Congress looking for progress in Iraq. A productive Iraqi stock exchange certainly could be positive news for such a report. Not required, but definitely could be used as a sign of recovery. I mean the daily stock exchange figures (N.Y.S.E. and nasdaq) aren't reported on the local news here in the U.S. just for grins and giggles are they? Those numbers reflect economic stability right, or at least perceived economic strength. Don't know if that helps, but those are my thoughts, sorry no links.