Thread: aug 2

Originally Posted by Traveler

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.

Hopefully not a hell of a lot of time! Its got to happen soon for the sake of US support for the country and the good of Iraqis who are fleeing the country or dislocating, and are generally in desperate straits. If our military pulls back to borders to contain civil war, then what do you think will happen to the ISX, Warka, and the IQD?

What do you think will happen if the troops pull back to the borders? Not only in terms of the dinars/stock but with the country?

so parliament did take off the month august does anybody know for sure if they did?

Originally Posted by Bungalobill

So you are saying that since I own 1 million shares of Warka I bought for approx 1 dinar each, which are now worth probably 3 dinars +/- now, and there is an overnight reval of 1 to 1 (dreaming of course) then my 1 million shares are now worth 3x1246 = 3738x1000000=3.73 billion dinars (dollars). Not bad, but thats also saying that Warka Bank with billions of outstanding shares will have a greater value than the USA?

Bungalo---

Hmmmmmm that just doesn't sem right, that being a 1:1 RV would give you 3.73 BIL.......here's my thoughts if I am wrong then please someone steer me in the right direction.

1Mil shares of Warka say purchased at 1 dinar each would = 1Mil dinars
That in turn would give approximately 3Mil dinars for the total shares owned... now I am unaware of any stock splits since your purchase.

Now a 1:1 RV would give you approx 3 Mil USD after a proposed RV of 1:1

I haven't been on for awhile so I have probably missed somethings so don't mean to step on anybody's toes..

GodBless

I'm loking for Aug 2nd myself!!!!

Originally Posted by DesertNuke

Bungalo---

Hmmmmmm that just doesn't sem right, that being a 1:1 RV would give you 3.73 BIL.......here's my thoughts if I am wrong then please someone steer me in the right direction.

1Mil shares of Warka say purchased at 1 dinar each would = 1Mil dinars
That in turn would give approximately 3Mil dinars for the total shares owned... now I am unaware of any stock splits since your purchase.

Now a 1:1 RV would give you approx 3 Mil USD after a proposed RV of 1:1

I haven't been on for awhile so I have probably missed somethings so don't mean to step on anybody's toes..

GodBless

I'm loking for Aug 2nd myself!!!!

I left out the 1000 times increase in stock value that many feel are likely based on other emerging markets, the resource-wealth that Iraq has, and bank share values in neighboring countries. So. Current value of 3 dinars/share eventually becomes worth 3000 dinars (still cheap stock~2 dollars/share), multiply that by 1 million shares owned = 3 billion dinars of stock value. The tricky part is what happens when the stock revalues to the eventual goal of equal dinar-dollar as the GOI has stated. This is why revaluation has to be accompanied with reverse-share split or there will be a lot of new billionaires out there.

Originally Posted by sexydinarlady

What do you think will happen if the troops pull back to the borders? Not only in terms of the dinars/stock but with the country?

If our troops pull out or to the borders, kiss your dinar dreams goodbye. The dinar will be worth less than what they are today, and essentially, worthless..
That's not an opinion, that's a fact.

hunter

Originally Posted by Bungalobill

I left out the 1000 times increase in stock value that many feel are likely based on other emerging markets, the resource-wealth that Iraq has, and bank share values in neighboring countries. So. Current value of 3 dinars/share eventually becomes worth 3000 dinars (still cheap stock~2 dollars/share), multiply that by 1 million shares owned = 3 billion dinars of stock value. The tricky part is what happens when the stock revalues to the eventual goal of equal dinar-dollar as the GOI has stated. This is why revaluation has to be accompanied with reverse-share split or there will be a lot of new billionaires out there.

Iraq cannot afford to give the country away, so foreign investors investments will be pared down accordingly when the reval happens. IMO, the only gain WE will see in the isx is the interest that we are getting now, which is HUGE

hunter

Originally Posted by moneyhunter

Iraq cannot afford to give the country away, so foreign investors investments will be pared down accordingly when the reval happens. IMO, the only gain WE will see in the isx is the interest that we are getting now, which is HUGE

hunter

Things just dont add up here or make any sense with the official opening of the ISX. There are a number of problems associated with this market without currency value. First, if we see a run-up in dinar value, what keeps people upon any hint or rumor of RV to simply sell their stocks and return to dinars in bank accounts, leading to sharp declines in the market? Also, with slow grow, how will those shares be paired down over a longer term, and wont this just hinder dinar-based share growth?

Im no economist, but the way I see it, it almost has to be an overnight reval (tonight), to around a dollar, then a fixed peg to make this ISX thing work properly.

Originally Posted by Bungalobill

Things just dont add up here or make any sense with the official opening of the ISX. There are a number of problems associated with this market without currency value. First, if we see a run-up in dinar value, what keeps people upon any hint or rumor of RV to simply sell their stocks and return to dinars in bank accounts, leading to sharp declines in the market? Also, with slow grow, how will those shares be paired down over a longer term, and wont this just hinder dinar-based share growth?

Im no economist, but the way I see it, it almost has to be an overnight reval (tonight), to around a dollar, then a fixed peg to make this ISX thing work properly.

I personally haven't looked but it was mentioned that the Aug 2nd start up date has been taken off the ISX home page...hmmm

Has anybody checked to see if aug. 2nd date back on ISX site?