Email Sent To Dinar Recaps Thursday Evening
: "Blaino is right"
I believe Blano is correct. Please bear in mind that any limiting component is there to protect you from the Big Four banks.
As the IQD is reintroduced back into the currency market, it will also revalue itself against other currencies, according to the initial value parameters set for that currency.
The way this will be done is to set it somewhat low so that it may revalue itself according to real market demand.
The Big Four will want to scoop up as much IQD as soon as possible in order to get it as cheaply as possible before it floats upward in value, necessary to realize as great as profit as possible.
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crossways] gtabdinar do you agree with everyone else...tonight?
[gtabdinar] crossways Hi. Yes. Remember I said all this back on the 24th. The only difference is that there has not been any new information (due to blackout) and so I do not agree with all the timesters and ratesters. This can still be delayed too. We are def good to go.
[keiji] gtabdinar your guys still blacked out?
[gtabdinar] keiji Hey you!! Yes they are. But I talked to them all week since last Thursday and we are still good-to-go. So there. But there can still be delays cuza' anything. So staaaaay grounded my dear.
[gtabdinar] keiji Besides I am eating too much? It is telling me that we are there....but to remain focused and grounded. A lot of peeps put too much into these things. We have seen them before. Then it is crash and burn. And that's the part that really bothers me. You know how I feel about that. Arghh!!
[keiji] gtabdinar lol, I agree but it does feel really different this time, don"t you think?
[gtabdinar] keiji In a way....yes it does. And that is what makes me feel good about the next lil' while.....(as in it could be a few days-maybe). It is good keiji and for that...I am happy and rreall excited. But I do remain grounded.
[gtabdinar] The thing about all this is....I don't really care who calls it. Just get it over with and done. I will be glad to tell you (whoever you are) that you were the first one to call it. I personally believe every guru should have their 15 minutes of fame. Cuz when this is over...it's over. Wink-wink.
[jc2] A lot has happened with the sandbox getting their act together this past few weeks, term limits on m, frozen funds thawed, agreement on fund sharing from oil, ALOT is lining up......
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The news article is posted along with Steve1 comments so the reader will be more informed about the IPO and will make Steve1's comments more understandable - They were not originally together - We hope this helps - The Recaps Team
Asiacell IPO “Fully Booked” Asiacell’s share sale has been fully subscribed before its closing date, according to the IPO’s organizer. Shwan Ibrahim Taha, chairman of Rabee Securities, confirmed to Bloomberg News:
“The offering is now comfortably covered with a good mix of retail and institutional demand from within Iraq as well as institutional and high net worth demand from abroad.“ Asiacell Chief Executive Officer, Diar Ahmed, told the news agency: “
Such big success will encourage other big entities to follow suit and will help the Iraq Stock Exchange attract more institutional investors into Iraq.“ The $1.3-billion fund-raising is the most for an IPO in the MENA region since Saudi Arabian Mining’s share sale more than four years ago, according to data compiled by Bloomberg.
“Asiacell will force international skeptics to reconsider their views about the exchange and Iraqi equities, and potentially lead to increased investment,” Geoffrey Batt, managing director of the $44 million Euphrates Iraq Fund, told Bloomberg. Shares are due to start trading on the Iraq Stock Exchange on 3rd February. LINK
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Blaino: there is the long and the short of IT... Here is the short:::: there are appointments made specific to the chase we are on. These appointments are "opportunities" as we, here on planet, know the term; there are restrictions bandied about, rumored to commence later this evening; there are 'agencies' that are in agreement with the situation and each other; there is a lot of intel that we are, as i shared with you back in the middle of the month, in the quickening and the clock on this is ticking down; i will not extend the "pass" as there is not a scrap of confirmed information that i should, but it ends this NIGHT... As planned.
The end of the "pass" appears to remain very timely. I have often told you when issuing a pass that the end of the pass signifies that we may resume watching, nothing MORE.... Not reiterating that this time. (yes, you might read something into THAT).... More in a MINUTE.....
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1-31-13 SWFloridaGuy: From what I can gather Regulation 1210, which was just amended to favor Iraq, is a long regulation that has many subcategories. It has been amended to aide in the manumission of frozen funds, further promote trade with Iraq and free up financial and economic resources.
They are using this measure in order to promote the economic reconstruction of Iraq and the restructuring of its debt. Remember just a couple weeks ago we heard the Finance Committee and the CBI stating that they had some plans to do this. Not sure if it's related yet.
I believe EU amended these sanctions to promote economic and financial relations between the European Community and Iraq. These sanctions also included specific restrictions applying to the proceeds from all export sales of petroleum, petroleum products, and natural gas from Iraq.
The press release mentioned that "this will permit the transfer of frozen funds to the successor arrangements to the DFI put in place by the GOI under the conditions set out in UNSC."
The Official Journal of the EU says that when they set this up that member states made provisions to eventually transfer frozen funds, which they appear to be doing now. Unfreezing these economic resources will also help Iraq obtain funds.
I would very much like to get my hands on the exact language and legal structure of how they amended these sanctions because it could have great implications for Iraq's financial future.
This is great news for us.
This is for informational purposes only
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