How many shares are we talking about?
Quote:
Originally Posted by
Bungalobill
You are right. I forgot, the multiplier at 1246 to 1 is roughly .0008 (800.00 per million), not 1246. Where the "billions of dollars of profit" comes in is assuming the share value multiplies by a thousand times as has been predicted based on surrounding countries' banks share prices without reverse split. Followed by adjustment to 1:1 with currency RV. Thanks for the clear-up.
BB, do you have information on how many shares of stock Warka has in circulation vs one of these other Middle-Eastern banks with high priced stocks.
Do these other Middle-Eastern banks only have a fraction of the stocks in circulation that Warka does?
12 BILLION shares worth 3 DINAR each?!!!
Quote:
Originally Posted by
sexydinarlady
What do you mean finally, you know I share the same views.
Quote:
Originally Posted by
Bungalobill
That's 36 billion Dinar in present value, or approximately $36 million U.S..
There are those that believe that Warka's value would skyrocket to $36 billion dollars U.S. after a 1 to 1 reval based on the reserves of cash Dinar they have on hand.
Time will tell.