Thread: ISX Signifcance

Originally Posted by MunnyBaggs

I agree with danny51 and Strongtower about the issue of ISX opening. Keep in mind that the ISX is strongly comprised of Iraqi banks. Right now the currency exchange rate is .0008 cents (or 1249 IQD to 1 USD). If it stays that way when ISX opens a large (say 1:1) Re-val would completely crash the ISX. Most ISX stocks in USD value are in the pennies level. If it were to Re-val 1:1 AFTER the ISX opens to Foreign investment there would be a massive sell off. There would not be enough (or any) buyers to take up the slack. It would bankrupt nearly every Iraqi bank. Thus they have to delay ISX opening or make some movement in exchange rate. I've crunched the numbers and don't see any alternative.

Looks like we are all coming onside!

Our differences are melting away as we approach the opening of the ISX to foreign investors.

Originally Posted by billknows

Looks like we are all coming onside!

Our differences are melting away as we approach the opening of the ISX to foreign investors.

Our mutual convergence was inevitable!!

all wee are sayyyyyyyyinnnng............. is give peace a chance

Originally Posted by ChiefWealth53

So if a stock is worth $ .0008 per share before an RV and an RV goes off at 1:1. On that day the stock will go to $1.00? What will this do to the individual companies or is it a wash?

Chief, I think that since ISX stocks are quoted in dinars, then that .0008 per share is actually approx. 1 dinar per share. If there is a 1:1 RV, then that stock will still be worth 1 dinar, but that will equal 1USD instead of .0008 USD. The individual companies will be taking in huge amounts of cash, allowing them to prosper that much faster without issuing more shares.

the "MAJOR" and I mean ""MAJOR"" thing to worry about is ""IF"" the ISX will indeed open up on August 2 for foreign investment or will it be ""DELAYED"" once more....to me that is the question....if we don't have a RV by the end of July i don't think u will see an August 2 opening....IMHO....Pat

Originally Posted by MunnyBaggs

I agree with danny51 and Strongtower about the issue of ISX opening. Keep in mind that the ISX is strongly comprised of Iraqi banks. Right now the currency exchange rate is .0008 cents (or 1249 IQD to 1 USD). If it stays that way when ISX opens a large (say 1:1) Re-val would completely crash the ISX. Most ISX stocks in USD value are in the pennies level. If it were to Re-val 1:1 AFTER the ISX opens to Foreign investment there would be a massive sell off. There would not be enough (or any) buyers to take up the slack. It would bankrupt nearly every Iraqi bank. Thus they have to delay ISX opening or make some movement in exchange rate. I've crunched the numbers and don't see any alternative.

So you believe the commissioner of Securities sat back and threw a Dart at that date ?????...hoping they would RV before then ????

I don't.... And you know what that leaves right ????

Originally Posted by MunnyBaggs

I agree with danny51 and Strongtower about the issue of ISX opening. Keep in mind that the ISX is strongly comprised of Iraqi banks. Right now the currency exchange rate is .0008 cents (or 1249 IQD to 1 USD). If it stays that way when ISX opens a large (say 1:1) Re-val would completely crash the ISX. Most ISX stocks in USD value are in the pennies level. If it were to Re-val 1:1 AFTER the ISX opens to Foreign investment there would be a massive sell off. There would not be enough (or any) buyers to take up the slack. It would bankrupt nearly every Iraqi bank. Thus they have to delay ISX opening or make some movement in exchange rate. I've crunched the numbers and don't see any alternative.

That being the case think the munny model needs updating? I don't always agree with your posts but I compliment you on taking in all news as it is released and adapting your analysis of the investment. With the figures you have looked at and worked out for your model what would your time frame look like if the ISX does indeed open when they said it would? Thanks again for the post

Originally Posted by bigopie

the "MAJOR" and I mean ""MAJOR"" thing to worry about is ""IF"" the ISX will indeed open up on August 2 for foreign investment or will it be ""DELAYED"" once more....to me that is the question....if we don't have a RV by the end of July i don't think u will see an August 2 opening....IMHO....Pat

I don't think any of us want another delay.. but if it is because they want to rv before the ISX opens up but are not ready yet, I'd accept that. I may be looking through dinar colored glasses, but I'd take another delay as being related to needing to rv before opening the ISX to foreigners.

Looking back, have to wonder if previous delays of the ISX were because of this very reason.

Just my opinion.. no link, not even an educated guess:)

Randy

Originally Posted by bluezzguy

I don't think any of us want another delay.. but if it is because they want to rv before the ISX opens up but are not ready yet, I'd accept that. I may be looking through dinar colored glasses, but I'd take another delay as being related to needing to rv before opening the ISX to foreigners.

Looking back, have to wonder if previous delays of the ISX were because of this very reason.

Just my opinion.. no link, not even an educated guess:)

Randy

wooot! i LIKE! i also agree. (with what you said about the isx delay thingy.) the next couple of weeks should be quite the roller coaster i'm betting. (2 dinars worth)

Originally Posted by bluezzguy

I don't think any of us want another delay.. but if it is because they want to rv before the ISX opens up but are not ready yet, I'd accept that. I may be looking through dinar colored glasses, but I'd take another delay as being related to needing to rv before opening the ISX to foreigners.

Looking back, have to wonder if previous delays of the ISX were because of this very reason.

Just my opinion.. no link, not even an educated guess:)

Randy

Those shades look GREAT on you!!!

I agree with you completely, in a weird way, I will be excited if there is a delay because that would really point to them just waiting to RV. Of course, I would prefer to have them rv Monday and no delays with the ISX.