OK guys, here's a good one...As most of you guys know, i have NEVER placed a naysayer post. EVER. But i have been thinking...When the ISX opens up Aug 1 to foreign investors, WHY do they actually need to reval? Let's say the IQD is/stays at 1250/1 USD. The iraquis are still buying at this price, and so would we. Then, after we come in and start buying, and then 1,2, 3 months go by. Why cannot the companies just do a reverse split to make it (the value) as it should be? If i am not mistaken, this could actually happen, and a few stockbrokers i know and have talked to say that it could also. What do you guys think?
Thanks,
Hunter
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28-06-2007, 08:21 PM #1
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