Thread: ISX Delima on figures being Used-neno.

Originally Posted by Seaview

That's 1400 fils (or the equiv of British pennies). I'll pm you later with a proper explanation.

So that's 1,000 Fils to 1 Dinar, but how could they sell 1 share so cheeply, this doesn't look like penny stock to me, unless they have a gazillion shares.

Originally Posted by neno

Section Six: Going Forward—New Goals

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1. Hold daily trading sessions in addition to completing all related auditing and clearance work. Publish timely information regarding trading activity.

2. Continue to list more companies as they meet listing requirements.

3. Participate in conferences and international symposiums.

4. Initiate development and training programs in cooperation with other exchanges, especially in the Middle East.

5. Install and begin operating the automated electronic trading system.

6. Assist in the eventual privatization of state owned enterprises.

7. Plan on joining other regional and global stock exchange associations.

8. Support the adoption of the new Securities Law in cooperation with the ISC.

9. Hold meetings and symposiums with financial investment companies and investors.

10. Publish trading data and information about the ISX to encourage investment in Iraq.

11. Publish an Iraqi Company Guide which will present information and data to enable investors to evaluate company share prices.

12. Opening of regional branches that will be electronically linked to the exchange in Baghdad.

13. Contract with a satellite channel to spread trading session information to all investors.

14. Obtain permission by the ISC for foreign investment on the ISX.

Look at #14. Who or what is the ISC? Is this list in order of importance or when they plan to have done? Looks as though #14 has to be done before foreign investment. Any takers?

So....do we have a reval or not??? Just curious.

Originally Posted by readytogo

Look at #14. Who or what is the ISC? Is this list in order of importance or when they plan to have done? Looks as though #14 has to be done before foreign investment. Any takers?

If I'm not mistaken ISC stands for Iraq Securities Commission.

Originally Posted by texasaggies

So....do we have a reval or not??? Just curious.

Unfortunately, not yet it seems. This thread was a result of a misunderstanding as to how the ISX quotes the share prices.

Heck - bigjase1 - sorry - I was quite busy earlier and only had half an eye with someone wiser than I on this. I think I just got what you're trying to say - I'm going to check this and clarify it.

Originally Posted by Seaview

Heck - bigjase1 - sorry - I was quite busy earlier and only had half an eye with someone wiser than I on this. I think I just got what you're trying to say - I'm going to check this and clarify it.

Hi all after a 2 hr phone to 2 top bankers in london this is what i have found out to be TRUE FACTS

its not penny stocks
it is a true stock market
it is 1.40 nid
and the stock market is due to trade monday if everything goes to plan
The 1.40 nid is a price for a share but its not the new exchange rate 1.40 per nid its what it cost to buy a share there is a mention that the nid will be pegged to sdr but for all this share buying and the stock market to open to none iraqis its got to be international tradeable and at a good rate otherwise the stock market will close end of day billions down and share prices will drop within minute and what ever shares are forsale will be brought up by the of the days trade also the iraq ecomony will be hit even harder i stand by this info my friend ben has given me he has spent hours looking into this and talking with the right people in uk america and china its big news in the right circles so ben was telling me (as he has just found out himself) i hope this does help

oh yeah the debt relief is a true fact but this what else i was told if u owed 80 billion out to other countries and your exchange rate was 1260 u would not be able to pay it off at all..but if ur were to talk to the other countries you owed monies to and said drop 50% to 80% of the figure cause when we revalue our money with the 50% or whatever debt still owe it will be worth more to u if also holding nid so for the sake of our ecomony exchange over a couple of years u will get all monies owed to u back it also show the trade world iraq has a strong hold on there stock market with a strong nid

Originally Posted by bigjase1

Hi all after a 2 hr phone to 2 top bankers in london this is what i have found out to be TRUE FACTS

its not penny stocks
it is a true stock market
it is 1.40 nid
and the stock market is due to trade monday if everything goes to plan
The 1.40 nid is a price for a share but its not the new exchange rate 1.40 per nid its what it cost to buy a share there is a mention that the nid will be pegged to sdr but for all this share buying and the stock market to open to none iraqis its got to be international tradeable and at a good rate otherwise the stock market will close end of day billions down and share prices will drop within minute and what ever shares are forsale will be brought up by the of the days trade also the iraq ecomony will be hit even harder i stand by this info my friend ben has given me he has spent hours looking into this and talking with the right people in uk america and china its big news in the right circles so ben was telling me (as he has just found out himself) i hope this does help

FACT OR RUMOR??

Any links, additional details you can provide?? PM me..

Thanks --- TNT

Originally Posted by bigjase1

Hi all after a 2 hr phone to 2 top bankers in london this is what i have found out to be TRUE FACTS

its not penny stocks
it is a true stock market
it is 1.40 nid
and the stock market is due to trade monday if everything goes to plan
The 1.40 nid is a price for a share but its not the new exchange rate 1.40 per nid its what it cost to buy a share there is a mention that the nid will be pegged to sdr but for all this share buying and the stock market to open to none iraqis its got to be international tradeable and at a good rate otherwise the stock market will close end of day billions down and share prices will drop within minute and what ever shares are forsale will be brought up by the of the days trade also the iraq ecomony will be hit even harder i stand by this info my friend ben has given me he has spent hours looking into this and talking with the right people in uk america and china its big news in the right circles so ben was telling me (as he has just found out himself) i hope this does help

Ok, If I'm reading this correctly this is not just HUGH it's MAMMOTH!!!

Thanks bigjase1

unless of course I'm an ***** (not a stretch) and am misunderstanding bigjase1 completely.