Thread: ISX Delima on figures being Used-neno.

Originally Posted by Seaview

Hi Bigjase1.

I started a thread In rumour section ‘could be something, could be nothing’ regarding this matter in a subtle way when the ISX website went down the other day (maybe too subtle - lol).

It has always been quite common knowledge that Iraq ‘ought’ to do an adjustment to their currency before their stock market goes ‘live’ for foreign investors and have mentioned this a couple of times on the forum. If not then it would very much look like a ‘slow grow’. It would be awkward to factor in a rv after the market goes live for foreign investors.

However as far as being bought up for pennies this is not necessarily so. There are many things the Iraqi’s can do to prevent this.

As it stands at the moment no foreign investor(s) will be able to buy more than 49 percent (in shares) of any one Company. Many shares have been and will continue to be held back from the Market. They can do reverse splits and/or ratio the shares down. E.g. they could take each block of 1000 shares so that they represent 1 share.

What your seeing is the stock market prices as they have been for many months and why many people have been buying in through ’proxy’.

I do know of a couple of brokers who have factored a price into what the rate maybe from checking the 'daily analysis' – but these are only opinions and so would rather wait and see.

It is good news that you have spoken with someone who also sees, or more importantly has heard through the grapevine, that this is/maybe a go. It is and has been big ‘news’ as you say in circles for a while – however, I have not heard of any firm guarantees. Also there has been no firm news as to exactly when foreign investors will be allowed in apart from a hint of anytime within 60 days back from last month - so maybe tomorrow - I don't know. Did your friend know this?

I hope that ties in with your friend.

Seaview. What about the issue of Iraqis buying up shares for pennies?

There are wealthy Iraqis, both in country and out, waiting for the ISX to become legitimate...This also needs the IQD to become fully tradeable and convertible, internationally....Officially speaking. There are wealthy Iraqis here in the US, Great Britain and other coutries with relatives in Iraq, who can circumvent the 49% issue.

We all assume it's foreigners who will exploit the cheap stocks. However, I believe Iraqis, along with weathy relatives and friends in surrounding countries and beyond who would/could greatly exploit the current prices. This would in essence have the same grave effect of outright foreign ownership...defacto if you will.

If they were to employ some of the tactics you listed (reverse splits, etc.) after the shares are purchased, they could have a huge revolt within Iraq. As this would now deny native Iraqis (along with the people they may be fronting) the astronomical returns they expected...That could get really ugly, for people who have been economically depressed for so long. Afterall, this would be among the largest concentration of wealth within Iraq.

I know this is Iraq. However, they MUST make their adjustments (currency and share prices) BEFORE they let the ISX loose. Otherwise we are talking a blunder beyond financial comprehension.

Your thoughts? Anyone's thoughts?

Originally Posted by bigjase1

i am taking a call from a expert in china soon who knows more about iraq and there stock and a rv he will tell me anything i will ask him i will pass all info onto everyone here i promise as its not nice not know so as soon as i can i will post what was said i am not sure what time it will be its now 11.25 here in uk should be receiving call at 11.30 my time

thank u all

Thanks. Will be sitting on pins and needles till then.

Wellwishes I’m taking a flyer on this -

The large buyers as in any stock market are Corporations not individuals – there are billions/trillions of shares to be had and as I said many are being held back. As far as Corporations go, I don’t know what restrictions have been put in place to protect this – but there will be restrictions in place to protect their Country and wealth.

Actually Reverse splits are not a good idea for any Company because it sends out the wrong message - but you never know.

If you read through my post – I did say that Iraq ‘ought’ to do an adjustment before it goes live – but, whatever they do, this will have been well planned a long time ago.

I think we should wait to hear what transacts from Bigjase’s phone call to get a better understanding of hopefully where this is going.

Also - remember it is 'live' for Iraqi's to buy now - so they will already be buying. If they don't do an adjustment then large Corporations simply won't be interested until the Currency is stronger. If shares are too high, or too cheap then they don't sell well whatever the market. Too cheap, sends message - not stable - especially in a War torn Country like Iraq and they can afford to wait for stability. I could go on but someone else feel free to jump in.

I'm hoping, really hoping that something is done before this goes live for foreign investors.

well folks here goes


As for a rv it will happen the second isx opens its going to sdr (same as kuwait)unsure of true value at mo not looked

also they were meant to rv in sept but there were calls from america not to because of terrorist becoming rich fast also the 25k 15k 10k 5k notes will be took out of circlelation after 2 months ish iraq used to be a cash country but to stop terrorist having large amounts of cash the large notes will be gone (cool) also non iraqis and iraqis can buy shares straight away 49% shares for non iraqis is bull they are just qouting this to help more iraqis buy up before ( us ) also all laws are in place we are seeing embargo ed press releases now from different dates its only being done this way to stop specaltors jumping on board fast....abit like when china said they were not going to rv then 24hrs later they did rv most countries have dibs on oil (discounts) so thats why debt relief has been agreeded also countries are holders of nid so this will help debt repayments..also all banks are not allowed to hold more than 100 % of sales they make when selling nid to british and american and other countries (for ex sample someone order 1 million nid the bank can order 1,5million and sell u the 1 million without sanctions thus making and holdind 0.5million every order they cant just buy for them to hold as a investment...

the isx can open at anytime he said its meant to open tomorrow (monday) but anything can hold it back..the country is happy to trade and they dont need the hcl law to start isx or rv the hcl is only a law for the iraqis share of wealth and export to other countries even though monday the first boat leaves for eur and china is also receiving a boat this week its all down to isx opening guys

i hope this helps

Thanks bigjase1 for the info. Looking up for wonderful things happening soon.

Originally Posted by bigjase1

well folks here goes


As for a rv it will happen the second isx opens its going to sdr (same as kuwait)unsure of true value at mo not looked

also they were meant to rv in sept but there were calls from america not to because of terrorist becoming rich fast also the 25k 15k 10k 5k notes will be took out of circlelation after 2 months ish iraq used to be a cash country but to stop terrorist having large amounts of cash the large notes will be gone (cool) also non iraqis and iraqis can buy shares straight away 49% shares for non iraqis is bull they are just qouting this to help more iraqis buy up before ( us ) also all laws are in place we are seeing embargo ed press releases now from different dates its only being done this way to stop specaltors jumping on board fast....abit like when china said they were not going to rv then 24hrs later they did rv most countries have dibs on oil (discounts) so thats why debt relief has been agreeded also countries are holders of nid so this will help debt repayments..also all banks are not allowed to hold more than 100 % of sales they make when selling nid to british and american and other countries (for ex sample someone order 1 million nid the bank can order 1,5million and sell u the 1 million without sanctions thus making and holdind 0.5million every order they cant just buy for them to hold as a investment...

the isx can open at anytime he said its meant to open tomorrow (monday) but anything can hold it back..the country is happy to trade and they dont need the hcl law to start isx or rv the hcl is only a law for the iraqis share of wealth and export to other countries even though monday the first boat leaves for eur and china is also receiving a boat this week its all down to isx opening guys

i hope this helps

Was it last Sept (2006) or this Sept (2007) that his referenced here? Gtreat news. Here's to ISSX opening tomorrow.

Originally Posted by bigjase1

well folks here goes


As for a rv it will happen the second isx opens its going to sdr (same as kuwait)unsure of true value at mo not looked

also they were meant to rv in sept but there were calls from america not to because of terrorist becoming rich fast also the 25k 15k 10k 5k notes will be took out of circlelation after 2 months ish iraq used to be a cash country but to stop terrorist having large amounts of cash the large notes will be gone (cool) also non iraqis and iraqis can buy shares straight away 49% shares for non iraqis is bull they are just qouting this to help more iraqis buy up before ( us ) also all laws are in place we are seeing embargo ed press releases now from different dates its only being done this way to stop specaltors jumping on board fast....abit like when china said they were not going to rv then 24hrs later they did rv most countries have dibs on oil (discounts) so thats why debt relief has been agreeded also countries are holders of nid so this will help debt repayments..also all banks are not allowed to hold more than 100 % of sales they make when selling nid to british and american and other countries (for ex sample someone order 1 million nid the bank can order 1,5million and sell u the 1 million without sanctions thus making and holdind 0.5million every order they cant just buy for them to hold as a investment...

the isx can open at anytime he said its meant to open tomorrow (monday) but anything can hold it back..the country is happy to trade and they dont need the hcl law to start isx or rv the hcl is only a law for the iraqis share of wealth and export to other countries even though monday the first boat leaves for eur and china is also receiving a boat this week its all down to isx opening guys

i hope this helps

This sounds fantastic!!!!

email me [email protected] i will pass ur details but it will be a limited few as yuk yan cant spend to much time on this but i did ask him if it poss to explain to a few peeps what he told me and he is ok doing it but not loads as he is a top gun in a international banking sec in china he is freindly and happy to help oh he is a invester

Originally Posted by bigjase1

email me [email protected] i will pass ur details but it will be a limited few as yuk yan cant spend to much time on this but i did ask him if it poss to explain to a few peeps what he told me and he is ok doing it but not loads as he is a top gun in a international banking sec in china he is freindly and happy to help oh he is a invester

Tried the email address and it came back. Please PM me with email address. Thanks.

well folks here goes


As for a rv it will happen the second isx opens its going to sdr (same as kuwait)unsure of true value at mo not looked

also they were meant to rv in sept but there were calls from america not to because of terrorist becoming rich fast also the 25k 15k 10k 5k notes will be took out of circlelation after 2 months ish iraq used to be a cash country but to stop terrorist having large amounts of cash the large notes will be gone (cool) also non iraqis and iraqis can buy shares straight away 49% shares for non iraqis is bull they are just qouting this to help more iraqis buy up before ( us ) also all laws are in place we are seeing embargo ed press releases now from different dates its only being done this way to stop specaltors jumping on board fast....abit like when china said they were not going to rv then 24hrs later they did rv most countries have dibs on oil (discounts) so thats why debt relief has been agreeded also countries are holders of nid so this will help debt repayments..also all banks are not allowed to hold more than 100 % of sales they make when selling nid to british and american and other countries (for ex sample someone order 1 million nid the bank can order 1,5million and sell u the 1 million without sanctions thus making and holdind 0.5million every order they cant just buy for them to hold as a investment...

the isx can open at anytime he said its meant to open tomorrow (monday) but anything can hold it back..the country is happy to trade and they dont need the hcl law to start isx or rv the hcl is only a law for the iraqis share of wealth and export to other countries even though monday the first boat leaves for eur and china is also receiving a boat this week its all down to isx opening guys

i hope this helps