Millionday news 6/7/13
millionday] Papatom i havent -- do you have something on it hun?
[Papatom] yesterday millionday , zain closed at 9.70 sau rials per share....that's what like 11.dollars? so they are starting a holding company that is an IRAQI company so they can be listed on the isx
[millionday] love it --
[Papatom] they'll offer 25% of their shares for sale at 1 dinar....but....if they use the current rate that will only raise abotu 58,000 bucks.....
[millionday] i know we had news rolling in about the isx and then it go quiet
[wmawhite] Papatom .and Zain is opening on the ISX at 1 IQD per share????
[millionday] lol well i think their goals are a little higher then that
[Papatom] that is NOT what a large corp is looking for in capital raising
[millionday] stake holders must not like that in its present form smile
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[Papatom] wmawhite they are starting a holding company...an iraqi company...that will be on the ISX
[ROBINREDHED] so? lets have it
[millionday] this means the money is not right without the revalue
[Papatom] so ...ROBINREDHED here we have a PEEK at what the rate will be moving towards...
[ROBINREDHED] im lookin show me
[millionday] way too low for the corp comparison
[Papatom] although you can not crystal ball what the rate for zain's holding company will be.....starting out as one of the first Iraqi companies on the ISX they will experience a HUGE influx of buying of their stock... the 25% has to sell to Iraqi citizens....all the foreign buyers will pay......MORE....
[millionday] huge ----
[Papatom] it's called a bull market...
[lorijeanmarshall] Does anyone know what is going on with Asia cell then?
[Papatom] and that is the Telecommunication market that we just read about being as big as oil in revenue...a few days ago remember?
[millionday] right [B
[Papatom] they set this up to happen in 2007 !!!! and have been waiting all the while
[millionday] the asia cell has not been listed at their price as of yet was the last i heard as if it was a secret on the isx is what i mean
[Papatom] do you think they have an understanding as to what the rate will be near????
[lorijeanmarshall] millionday So they sold all of those IPO's etc and then nothing? WOW! LOL
[millionday] i would believe they would to be this deep in and with contracts ect right
[Papatom] millionday yeah, well remember we had the goi asking local companies to go public a few weeks ago....now we see the horses lining up at the gate...and when that bell rings...we are going to have a race
[millionday] and this would be called speculation
[Papatom] millionday AMEN sister!!!
[millionday] right -- huge -- the big hush
[Papatom] millionday there are about 5 articles about zain over the last week...although several are just copy articles...it's still different sources....all talking about it...which builds momentum
[millionday] this means that there is info they are not releasing yet which is the price so that is great for us as it seems they have plans that it will change and for it not to be released -- it would be an important change in pricing
[Papatom] millionday yes...I agree completely
[millionday] if not -- all the info would be obtainable
[Papatom] millionday that's where they dip into insider trading if they are not careful!!!!!
[Trademan1964] You would think with things this advanced they are against the wall to have to have a higher, and I mean much higher currency by the first of the quarter.
[millionday] the fact that they are keeping it on the down low -- smile -- as they call it -- is news in itself i agree
Papatom] millionday but when the isx oens....theere won't be anything but dust for several days.....everyone will be running and rushing to buy...
[millionday] and also was thinking about something else today
[millionday] lets see if you all remember
[Papatom] there is another exchange opening in KURDESTAN !!!!!
[millionday] shabibi put out the "plan" on cbi and the way it was laid out was
[ROBINREDHED] i remember
[millionday] that the first half of the year would have a program rate of 1165 and then the second half would have the new rate and that is how it would be calculated ec t ect
[ROBINREDHED] i remember
[millionday] so if you think about it now -- it fits where we are now
[Papatom] millionday has it been long enough? well this IS the 6th month
[Trademan1964] .........Long enough for me..... lol
[millionday] because they have talked extensively about the rate and holding it and also the things that were to be checked off would be on time for this right
[wmawhite] millionday ...what was supposed to happen the second half of the year??
[millionday] and the document that s family had seeing that the world bank plan for the modern banking reform was to be complete in iraq opn june 30th and that was planned back in 2010
[lorijeanmarshall] millionday I jsut hope it begins at the beginning of this 6 months and not toward the end of thses 6 months.
[Trademan1964] I saw that.....interesting.....hmmmmmmm
[Papatom] millionday well we certainly have read a lot about the banking reforms being done and implemented !
[millionday] it would have to be the first part to fit the plan
[lorijeanmarshall] millionday Good Point!!! >>>>>>>>>>>>> 4:51 PM [millionday] seeing that the world bank plan for the modern banking reform was to be complete in iraq opn june 30th
[millionday] right -- thank you the banking reforms are to this point now
lorijeanmarshall] millionday I just perked up a little!
[ROBINREDHED] me too lorijeanmarshall
[millionday] they have brought in US specialists ect to detect counterfeit currency and help minimize fraud
[lorijeanmarshall] millionday That is more good news
[millionday] even though that is money laundering ect ect -- fraud -- they have also gotten the private banks to a point of choosing how they want to be in this plan
[millionday] meaning international -- exchange houses -- on the isx ect ect
[Papatom] millionday and we know the U S specialists have a LOT of experience with Fraud......fannie freddie and the whole gang lol
ROBINREDHED] Papatom they are experts[/U]
[millionday] they have funded the oldest bank they have
[wmawhite] ROBINREDHED ........starting at the top too.
[Papatom] millionday millionday that is huge...!!! the agriculture bank.....
[millionday] the agricultural bank -- that is very important due to the funding ect and also the wto for the agriculture
[schmidtberger] millionday...if first half rate of 1165 what will it be second half?
[millionday] so this is huge they did not say in the report -- it is 72 pages i believe -- isnt it red? i think i remember it right but they just call it the new program rate
[millionday] now that would have been nice if they would have said smile
[Trademan1964] Any ideas on how they may calculate the new rate, or is it a mystery..... to us?
[millionday] they have stated in the last few weeks that the first part of june will show the activated monetary policy
[letsroll] millionday ...That has a nice ring to it.... the new program rate
[millionday] i brought in about a month ago of how they wer going to do it but it is in a nut shell -- speculative gdp and resources ect ect
[Trademan1964] Yeah, I saw that. I remember....
[ROBINREDHED] Trademan1964 i do too
Trademan1964] very informative. Thanks Millie.
[schmidtberger] I pray we can define "activated monetary policy" as rv.....
[Papatom] i think they will have each MP write a rate on a piece of paper and put them in a hat and maliki turns his head and pulls one out....right?
[millionday] yes and i was thinking today that it lines up now with what they stated needed to be done and it also updates -- so we need to take another look at that i will find it and repost it and study it this weekend
[ROBINREDHED] ok, so is this speculating?
[millionday] which part?
[ROBINREDHED] we hope this is what they mean?
[Papatom] millionday remember when the IMF turned down a request for rv and said the least they would consider was the old rate (3.22) plus inflation???
[millionday] the monetary policy being activated in the first part of june was a press statement to the public of iraq
[ROBINREDHED] about the second half, i know we thought that a couple of years
[millionday] it is the written plan that shabibi wrote Papatom oh yes ---
[ROBINREDHED] no i know about monetary policy being in ink
[millionday] and i personally like them for that
[ROBINREDHED] and i know shabbs said that but we dont know the 2nd half of what year
[millionday] oh ok -- i misunderstood
Papatom] millionday well back then...about 5 years ago....inflation was figured at about 20%....but that's not current anymore!!!
[millionday] which was it you were refering to red?
[ROBINREDHED] never mind, carry on
PART 2 LINK