Oh how sweet it would be to go on vacation from work and well...just go on vacation :woohoo:Quote:
Originally Posted by MOM2TWO
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Oh how sweet it would be to go on vacation from work and well...just go on vacation :woohoo:Quote:
Originally Posted by MOM2TWO
You're right, I have thought of that a lot. But here is a problem with that. The Outstanding shares for those stocks is in the millions and not billions. Most R/S's happen when a stock is 500 million or more. If they did a R/S then it would limit buying for their stocks. Wharka has like 30 million shares. That is considered as a low floater. The only way to increase their shares after an R/S is to increase the A/S and then dilute the market which means you lose everything. How would that benefit Iraq or us. They would be just another penny market. But you do bring up a good point.Quote:
Originally Posted by Bungalobill
I stopped posting on all forums because the bashing was just too rediculous but when my good friend Neno cleaned house it is a better place to post now.Quote:
Originally Posted by mewannapeg
I have talked to many of my investor friends about this and we don't know how it will unfold. They have some sort of plan though.Quote:
Originally Posted by ChiefWealth53
You are right, it will be a 9/11 type move but not bad. After 9/11 happened, people got scared and sold their stocks when the panic happened. Smart investors bought their stocks at the cheap rates like Walmart and so forth and made a huge profit. If they would of held they would of rebounded all of their loss and still would of made money. Our market is in it's highest stage in hystory. The Dow closed at a record high yesterday above 13,000 points. So if there is a selloff, when the market settles which takes a few days then investors will come right in and buy their stocks at a cheap rate and raise their prices back up like our market is now.Quote:
Originally Posted by lewscrew
Yes, we can't play their market right now. Just imagine, their rate is between 15,000-16,000 which is .000066. Iraq is 13 times higher than Vietnam. Just imagine just dumping $1000 into one of their stocks. You would buy 16,666,666 shares. If you spent say $10,000 which is nothing for the market then you alone would run up their stocks to 100-1000% and would then sell and watch it crash within minutes. I watch stocks do that everyday. Most penny stock runs last 30 minutes to maybe 2 hours and they run from 50-1000% in that short amount of time.Quote:
Originally Posted by readytogo
Strongtower, If this is a daily occurrence here in the U.S and it is a very bad thing, then why do the participants of the US Stock Exchange allow this to happen and what makes it so unlikely for the ISX to do the same? If we do it here in the US then why not in Iraq? I'm not being argumentative, just very curious.Quote:
Originally Posted by strongtower
Munny, what about this? If the ISX opens without an RV, Lets say one share of bank stock sells for one dinar, or .0008 USD. Lets assume an investor buys 100,000 shares..his cost USD $80. Now, lets assume the banks have sold 1,000,000,000 shares (one billion) at this price and there is no RV. Wanting to capitalize more, the banks do a reverse split, giving the investor one share for every 1,000 he owns. His $80 investment is still $80, but he now has 100 shares worth $.08 USD each.Quote:
Originally Posted by MunnyBaggs
The investor has stock that has risen in value, the banks now have more shares to sell at the higher price of $.08 so they can amass much more money and look like a better investment to the next generation of buyers. This will benefit the banks, but not so much the original investor, nor will it do anything for the Iraqi people, as far as purchasing power is concerned. However this is a very conservative growth plan that would greatly improve the chances of the banks being successful.
Additionally, I recall posting about a call I received from an Iraqi delegate at the Salt Lake meeting last December, who told me there would be nothing happening with the dinar until the banks had all gone electronic. The above example would allow them the time and money to do just that, hence an RV prior to opening the ISX may not neccessarily be in the cards for us.
Once the banks are online, have massive dinar reserves obtained by selling stock on the cheap, and more available due to the reverse split, an RV would take them way over the top and then the people of Iraq could share in the wealth. But it would be the 'big boys' who get first dibs on the spoil...not unlike everywhere else around the globe.
An RV prior to the opening of ISX would increase the purchasing power of the common man in Iraq, allowing them to participate in buying stocks, but then the banks would have to raise the price of shares simultaneously, so as not to get bought out cheap. The banks would still benefit, but not neccessarily as well.
Based on the above, what remains to be seen is exactly how important is sharing the wealth with the common man to the big players in Iraq.
Your view? :smiley:
There are actually two different markets.Quote:
Originally Posted by readytogo
1. The Dow and Nasdaq-we call them the big boards
You could do that to them but their stocks cost way too much to run. If a stock is $7 a share then it would take $700,000 just to buy 100,000 shares. Plus it is highly regulated.
2. OTC and Pinksheet stocks-they are what we call pennystocks.
The SEC doesn't care about these stocks and allows shorts and ceo's to scam us by writing bogus pr's.
This is the point I am making about opening the ISX up without a good rate. The problem isn't them being regulated. It's selling high level stocks for pennies. You can't buy any bank shares in the middle east for less than $7.00 Wharka has like 30 million shares total. So a foreigner or simply one person could buy all their shares for around $100,000. I have seen one of our guys literally spend $400,000 of his own money on a stock in one day while it was running. We must think, this is suppose to benefit Iraq. How does it benefit them when we will now own them. I was told that a person with 100 million dollars and the backing of a bank could buy the whole country at their current rate.
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Originally Posted by bluezzguy
Maybe however the previous dates were all approximate dates..never have they had an exact date like this !!! I see no delays !!! and I see an RV before it opens !!